Is Forbes Precision technically bullish or bearish?

Jul 06 2025 08:05 AM IST
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As of July 4, 2025, Forbes Precision's trend has shifted to mildly bearish, supported by daily moving averages and weekly Dow Theory, despite some mildly bullish signals from MACD and Bollinger Bands.
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 a weekly Dow Theory also reflecting a mildly bearish outlook. While the MACD and Bollinger Bands on the weekly time frame show mildly bullish signals, they are not strong enough to counteract the bearish indicators. The RSI shows no signal on the weekly, further supporting a lack of bullish momentum. Overall, the strength of the bearish stance is moderate, influenced by the recent price action and the overall trend change.
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