Is Forbes Precision technically bullish or bearish?

Oct 03 2025 08:22 AM IST
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As of October 1, 2025, Forbes Precision's technical outlook is bearish, indicated by a weak MACD, bearish moving averages, and underperformance against the Sensex, despite a mildly bullish signal from Dow Theory.
As of 1 October 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Forbes Precision is bearish with a strong indication of weakness. The weekly MACD is bearish, and the daily moving averages also reflect a bearish sentiment. The Bollinger Bands on the weekly timeframe confirm the bearish outlook. Although the Dow Theory shows a mildly bullish signal on the weekly, it does not outweigh the overall bearish indicators. The stock has significantly underperformed compared to the Sensex, particularly year-to-date and over the past year, which further supports the bearish stance.
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