Is Elcid Investment technically bullish or bearish?
As of October 6, 2025, the market trend is mildly bearish due to bearish momentum from the weekly MACD and monthly RSI, despite some upward potential indicated by the weekly Bollinger Bands and mixed signals from Dow Theory.
As of 6 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the weekly MACD indicating bearish momentum and the monthly RSI showing bearish conditions. The daily moving averages also reflect a mildly bearish outlook. However, the weekly Bollinger Bands are bullish, suggesting some upward potential. Dow Theory indicates a mixed view with mildly bullish weekly signals but mildly bearish monthly signals. Overall, the strength of the bearish stance is moderate, influenced by mixed signals across different time frames.
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