Is ESGL Holdings Ltd. technically bullish or bearish?
As of June 5, 2025, the market trend is bullish, supported by strong indicators like a bullish MACD and moving averages, although caution is advised due to a mildly bearish KST on the weekly timeframe.
As of 5 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this position. The weekly MACD is bullish, and the daily moving averages confirm a bullish trend. The Bollinger Bands indicate a bullish signal on the monthly timeframe as well. However, the KST shows a mildly bearish stance on the weekly, which suggests some caution. Overall, the strength of the bullish trend is reinforced by the positive performance over the past month and year compared to the S&P 500.
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