Is Enkei Wheels technically bullish or bearish?
As of October 24, 2025, the market trend is mildly bearish, with mixed indicators showing mild bullishness on the weekly MACD and bullishness on the monthly RSI, but overall lacking strong bullish momentum.
As of 24 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD indicating mild bullishness while the monthly MACD remains bearish. The weekly RSI shows no signal, but the monthly RSI is bullish. Both Bollinger Bands and moving averages on the daily and weekly time frames are mildly bearish. The KST is bearish on both weekly and monthly time frames, and Dow Theory presents a mixed view with a mildly bearish weekly stance and a mildly bullish monthly perspective. Overall, the indicators suggest a lack of strong bullish momentum, maintaining a mildly bearish outlook.
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