Is Bright Outdoor technically bullish or bearish?

Oct 16 2025 08:07 AM IST
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As of October 15, 2025, the market trend has shifted to mildly bearish, supported by bearish signals from the weekly MACD, KST, and Bollinger Bands, despite some mildly bullish indications from daily moving averages.
As of 15 October 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and KST indicators, both indicating a bearish sentiment. The Bollinger Bands also confirm a bearish outlook on both weekly and monthly time frames. Although the daily moving averages show a mildly bullish signal, the overall trend is weighed down by the weekly RSI being bullish but lacking strength, and Dow Theory indicating a mildly bearish stance. The recent price action, with a significant drop from the previous close, further supports this bearish outlook.
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