Is Delton Cables technically bullish or bearish?
As of August 29, 2025, the market trend is mildly bearish, indicated by bearish momentum from the weekly MACD and daily moving averages, despite some mixed signals from the weekly KST and Bollinger Bands.
As of 29 August 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD indicating bearish momentum and the moving averages on the daily timeframe also showing a bearish signal. The weekly KST is bullish, but this is countered by the overall mildly bearish signals from the Bollinger Bands and Dow Theory on both weekly and monthly timeframes. The RSI shows no signals, indicating a lack of momentum in either direction. Overall, the strength of the bearish stance is moderate, with some mixed signals present.
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