Is Gateway Distri technically bullish or bearish?

Nov 08 2025 08:16 AM IST
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As of November 7, 2025, the market trend is bearish with moderate strength, driven by bearish indicators like MACD, Bollinger Bands, and KST, despite a bullish weekly RSI and mixed signals from Dow Theory.
As of 7 November 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, bearish signals from Bollinger Bands and KST on both weekly and monthly time frames, and a bearish moving average on the daily chart. Although the weekly RSI is bullish, it is overshadowed by the overall bearish sentiment in other indicators. The Dow Theory shows a mildly bullish stance on the weekly but remains mildly bearish on the monthly, indicating mixed signals. Overall, the bearish trend is reinforced by the recent performance, with the stock down significantly compared to the broader market.
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Our weekly and monthly stock recommendations are here
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