Is Codere Online Luxembourg SA technically bullish or bearish?
As of June 20, 2025, the market trend is neutral with mixed signals, showing a shift from mildly bullish to sideways, as indicated by conflicting MACD readings and a consolidation phase in Dow Theory.
As of 20 June 2025, the technical trend has changed from mildly bullish to sideways. The current technical stance is neutral, with mixed signals across different indicators. The weekly MACD is bullish, while the monthly MACD is mildly bearish, indicating conflicting momentum. The Bollinger Bands show a mildly bullish stance on the weekly chart and bullish on the monthly chart, suggesting some upward potential. Daily moving averages remain bullish, but the KST and OBV show a mixed outlook with weekly bullishness and monthly mild bearishness. Overall, the lack of a clear trend in Dow Theory and the absence of strong signals in the RSI suggest a consolidation phase rather than a definitive bullish or bearish trend.
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