Is Forbes Precision technically bullish or bearish?
As of July 4, 2025, Forbes Precision's trend is mildly bearish due to daily moving averages and Dow Theory, despite some bullish signals from weekly MACD and Bollinger Bands, indicating caution in a market where the stock has underperformed significantly with a -39.5% return over the past year.
As of 4 July 2025, the technical trend for Forbes Precision has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating bearish momentum and weekly Dow Theory also reflecting a mildly bearish outlook. While the weekly MACD and Bollinger Bands show mildly bullish signals, they are overshadowed by the bearish indicators in the daily time frame. The stock has underperformed significantly over the past year, with a return of -39.5% compared to a 4.23% gain in the Sensex. Overall, the mixed signals suggest caution in the current market environment.
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