Is Caravelle International Group technically bullish or bearish?

Jun 25 2025 09:21 AM IST
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As of June 13, 2025, Caravelle International Group's technical trend is bearish, with strong indications of weakness across multiple indicators, including the weekly MACD and moving averages, suggesting significant downward pressure on the stock.
As of 13 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Caravelle International Group is bearish with a strong indication of weakness. The weekly MACD is bearish, and the daily moving averages confirm this bearish sentiment. Additionally, the Bollinger Bands on a weekly basis are mildly bearish, while the monthly view remains bearish. The Dow Theory indicates no trend on a weekly basis but is bearish on a monthly basis. Overall, the indicators suggest a significant downward pressure on the stock, particularly given the stark declines in returns compared to the S&P 500 over various time frames.
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