Is Eimco Elecon(I) technically bullish or bearish?
As of 14 October 2025, the market trend is sideways with mixed indicators: bearish weekly and mildly bearish monthly MACD and KST, mildly bullish daily moving averages, and bullish On-Balance Volume, indicating no clear momentum.
As of 14 October 2025, the technical trend has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed indicators influencing this view. The weekly MACD and KST are bearish, while the monthly MACD and KST are mildly bearish, indicating some downward pressure. However, daily moving averages are mildly bullish, suggesting short-term strength. The Bollinger Bands reflect a bearish stance on the weekly and mildly bearish on the monthly. The Dow Theory shows no trend on the weekly and mildly bearish on the monthly. Despite these mixed signals, the On-Balance Volume (OBV) is bullish on both weekly and monthly time frames, indicating accumulation. Overall, the market is in a sideways trend with no clear bullish or bearish momentum.
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