Is BLS Internat. technically bullish or bearish?

Jul 17 2025 08:08 AM IST
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As of July 16, 2025, the market trend is neutral with mixed signals, showing a sideways movement due to conflicting indicators across different time frames, including mildly bullish weekly MACD and bearish monthly MACD, alongside bullish Bollinger Bands but bearish daily moving averages.
As of 16 July 2025, the technical trend has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed signals across different time frames. The weekly MACD is mildly bullish, while the monthly MACD is mildly bearish, indicating a divergence in momentum. The Bollinger Bands are bullish on both weekly and monthly charts, suggesting potential upward movement. However, the daily moving averages are mildly bearish, which adds to the uncertainty. The KST is bullish weekly but mildly bearish monthly, and both the weekly and monthly OBV readings are mildly bullish. Overall, the lack of clear trends in the Dow Theory and the mixed indicators suggest a sideways movement with no strong bullish or bearish momentum at this time.
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