Is HMT technically bullish or bearish?

Jul 02 2025 08:12 AM IST
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As of July 1, 2025, HMT's trend has shifted to mildly bearish, influenced by daily moving averages and mixed signals from MACD and Bollinger Bands, despite a recent decline from the previous close.
As of 1 July 2025, the technical trend for HMT has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish sentiment. The weekly MACD remains bullish, but the monthly MACD is mildly bearish, suggesting mixed signals across different time frames. Bollinger Bands are mildly bullish on both weekly and monthly charts, which adds some support. However, the overall lack of strong signals from the RSI and Dow Theory indicates a weaker trend. The stock's recent performance shows a decline from the previous close, further reinforcing the bearish outlook.
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