Is Finolex Cables technically bullish or bearish?
As of June 9, 2025, the technical trend is mildly bearish, with daily moving averages and monthly MACD indicating bearish momentum, despite some mildly bullish signals from weekly indicators.
As of 9 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating bearish momentum and a monthly MACD showing a bearish signal. While the weekly MACD and KST are mildly bullish, the overall monthly indicators, including Bollinger Bands and moving averages, suggest weakness. The Dow Theory indicates no trend on a weekly basis but is mildly bullish monthly, adding some complexity to the outlook. Overall, the bearish signals are stronger at this time, particularly in the daily timeframe.
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