Is Electrost.Cast. technically bullish or bearish?

Jul 01 2025 08:10 AM IST
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As of June 30, 2025, the market trend is mildly bearish, indicated by daily moving averages and weekly RSI, despite some mixed signals from weekly MACD and Bollinger Bands, with overall sentiment influenced by predominantly bearish monthly indicators.
As of 30 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the weekly RSI showing bearish momentum. Although the weekly MACD and Bollinger Bands are mildly bullish, the overall sentiment is tempered by the monthly indicators, which are mostly bearish. The Dow Theory suggests no clear trend on the weekly chart but is mildly bullish on the monthly, adding to the mixed signals. Overall, the strength of the bearish stance is supported by the recent price action, with the stock trading below its previous close and well off its 52-week high.
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