Is Eurodry Ltd. technically bullish or bearish?
As of June 10, 2025, Eurodry Ltd. is in a mildly bearish trend, influenced by bearish daily moving averages, mixed MACD signals, and a mildly bearish OBV, despite some bullish indicators on the weekly charts.
As of 10 June 2025, the technical trend for Eurodry Ltd. has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish outlook and the Bollinger Bands showing a mildly bearish trend on both weekly and monthly time frames. The MACD on a weekly basis is mildly bullish, but the monthly MACD remains bearish, suggesting mixed signals. The KST is also mildly bullish on the weekly, but bearish on the monthly, further contributing to the overall mildly bearish sentiment. The absence of clear trends in Dow Theory and the OBV showing a mildly bearish stance on the monthly adds to the cautious outlook.
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