Is Eimco Elecon(I) technically bullish or bearish?
As of July 7, 2025, the trend is mildly bullish, supported by daily moving averages and monthly Bollinger Bands, but tempered by a bearish weekly RSI and mixed MACD signals.
As of 7 July 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum. However, the weekly MACD remains bullish while the monthly MACD is mildly bearish, suggesting mixed signals across different time frames. The weekly RSI is bearish, which adds caution to the bullish outlook. Bollinger Bands show a mildly bullish trend on the weekly and bullish on the monthly, supporting the overall mildly bullish stance. Dow Theory indicates no trend on the weekly but mildly bullish on the monthly, while the OBV shows bullishness on the monthly. Overall, the strength of the bullish sentiment is tempered by bearish signals in the weekly RSI and mixed MACD readings.
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