Is Data Pattern technically bullish or bearish?

Aug 09 2025 08:10 AM IST
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As of August 8, 2025, the market trend has shifted to mildly bearish, indicated by bearish signals from the MACD, RSI, and Bollinger Bands, despite daily moving averages showing mild bullishness.
As of 8 August 2025, the technical trend has changed from mildly bullish to mildly bearish. The current technical stance is mildly bearish. Key indicators driving this stance include the MACD on both the weekly and monthly time frames showing mildly bearish signals, along with the RSI on the weekly indicating bearish momentum. Bollinger Bands are also bearish on both time frames, and Dow Theory confirms a mildly bearish outlook. Although the daily moving averages are mildly bullish, the overall trend and strength suggest caution in the current market environment.
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