Is Evolution Petroleum Corp. technically bullish or bearish?

Jun 25 2025 08:24 AM IST
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As of May 29, 2025, the market trend is mildly bearish, influenced by daily moving averages and mixed signals from weekly and monthly indicators, suggesting a cautious approach.
As of 29 May 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish outlook, while the weekly MACD and KST show a mildly bullish signal. However, the monthly indicators, including MACD and KST, remain bearish, contributing to the overall mildly bearish sentiment. The Bollinger Bands reflect a mixed view with weekly mildly bullish and monthly mildly bearish signals. The lack of clear signals in the RSI and OBV further supports a cautious approach.
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