Is BP Prudhoe Bay Royalty Trust technically bullish or bearish?
As of June 18, 2025, the market trend is mildly bearish due to bearish daily moving averages and Bollinger Bands, despite some bullish signals from the MACD and RSI, indicating mixed momentum across different timeframes.
As of 18 June 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by the bearish daily moving averages and the mildly bearish Bollinger Bands on the weekly timeframe. While the MACD indicates a mildly bullish signal on both weekly and monthly charts, the overall momentum is dampened by the bearish KST on the monthly and the lack of a clear trend in Dow Theory. The RSI shows no signal on the weekly but remains bullish on the monthly, suggesting mixed signals across different timeframes. Overall, the bearish indicators outweigh the bullish ones, leading to a mildly bearish outlook.
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