Is Hyundai Motor I technically bullish or bearish?
As of June 23, 2025, the market trend is mildly bullish, supported by the weekly MACD and Bollinger Bands, though caution is advised due to a lack of strong momentum indicated by the weekly RSI.
As of 23 June 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, primarily driven by the weekly MACD indicating bullish momentum and the Bollinger Bands showing a mildly bullish signal. The Dow Theory supports a bullish outlook on the monthly timeframe, while the On-Balance Volume (OBV) also reflects a bullish trend on the monthly basis. However, the weekly RSI shows no signal, indicating a lack of strong momentum in that timeframe. Overall, the strength of the bullish stance is moderate, with some indicators suggesting caution.
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