Is Hikal technically bullish or bearish?

Jul 07 2025 08:03 AM IST
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As of July 4, 2025, Hikal's technical trend has shifted to a moderately bearish stance, supported by bearish signals from the weekly MACD, daily moving averages, and Dow Theory, despite some mixed indicators like a bullish weekly RSI.
As of 4 July 2025, the technical trend for Hikal has changed from sideways to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the weekly MACD being bearish, daily moving averages indicating a bearish trend, and both the weekly and monthly KST showing bearish signals despite the monthly KST being bullish. The RSI on the weekly is bullish but lacks confirmation from the monthly, which shows no signal. Additionally, the Dow Theory indicates a mildly bearish stance on both weekly and monthly time frames. Overall, the combination of these indicators suggests a bearish outlook for Hikal in the near term.
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