Is Confidence Petro technically bullish or bearish?
As of July 23, 2025, Confidence Petro's trend is mildly bearish, indicated by mixed signals from MACD, RSI, and moving averages, reflecting a lack of strong bullish momentum.
As of 23 July 2025, the technical trend for Confidence Petro has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The weekly MACD is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The weekly RSI is bearish, while the monthly RSI shows no signal, suggesting weakness in momentum. Moving averages on the daily timeframe are bearish, reinforcing the negative outlook. The KST is bullish on the weekly but bearish on the monthly, and the Dow Theory indicates a mildly bearish trend on the weekly with no trend on the monthly. Overall, the indicators reflect a lack of strong bullish momentum, leading to a mildly bearish stance.
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