Is Finolex Cables technically bullish or bearish?

Jul 02 2025 08:13 AM IST
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As of July 1, 2025, the technical trend is mildly bearish due to daily moving averages and monthly MACD indicating weakness, despite some mildly bullish signals from weekly indicators, while the stock has significantly underperformed over the past year.
As of 1 July 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating a bearish signal and the monthly MACD showing a mildly bearish trend. While the weekly MACD and KST are mildly bullish, the overall monthly indicators, including Bollinger Bands and OBV, suggest weakness. The RSI shows no signals in both weekly and monthly time frames, reinforcing the lack of momentum. The stock has underperformed significantly over the past year, further supporting the bearish outlook.
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