Is Forafric Global Plc technically bullish or bearish?
As of December 31, 2024, Forafric Global Plc's technical trend has shifted to a bearish stance, supported by bearish daily moving averages, MACD, KST signals, and mildly bearish Bollinger Bands, indicating a prevailing bearish momentum despite signs of consolidation.
As of 31 December 2024, the technical trend for Forafric Global Plc has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the daily moving averages indicating bearish momentum, and the monthly MACD and KST both showing bearish signals. Additionally, the Bollinger Bands on both weekly and monthly time frames are mildly bearish, further supporting the bearish outlook. The lack of significant signals from the RSI and Dow Theory suggests a consolidation phase, but overall, the bearish indicators dominate the current technical analysis.
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