Is Erayak Power Solution Group Inc. technically bullish or bearish?
As of June 5, 2025, the trend is bullish with mixed strength indicators, as the weekly MACD and daily moving averages support the bullish outlook, but the monthly RSI and Dow Theory suggest caution due to some weakness in momentum.
As of 5 June 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish but with mixed strength indicators. The weekly MACD is bullish, supporting the bullish trend, while the monthly MACD shows no signal. The daily moving averages are bullish, reinforcing the positive outlook. However, the monthly RSI is bearish, indicating some weakness in momentum. The weekly Bollinger Bands are mildly bullish, while the monthly Bollinger Bands are bullish, suggesting potential upward movement. The KST is bullish on the weekly timeframe but shows no signal monthly. Dow Theory indicates no trend weekly and mildly bullish monthly, and the OBV is bullish monthly but shows no trend weekly. Overall, while the trend is bullish, the mixed signals, particularly from the RSI and Dow Theory, suggest caution.
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