Is Danish Power technically bullish or bearish?

Aug 31 2025 08:06 AM IST
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As of 29 August 2025, the trend is mildly bullish due to positive daily moving averages, but caution is advised as weekly MACD and Bollinger Bands show bearish signals, resulting in mixed indicators across different time frames.
As of 29 August 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating a positive trend. However, the weekly MACD and Bollinger Bands are bearish, suggesting some caution. The KST is bullish on the weekly, while the monthly Dow Theory shows a mildly bearish trend, indicating mixed signals across different time frames. Overall, while there are bullish indicators, the presence of bearish signals in the weekly metrics tempers the strength of the bullish outlook.
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