Is Independent Bank Corp. (Michigan) technically bullish or bearish?

Jun 25 2025 08:08 AM IST
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As of June 4, 2025, the technical trend is mildly bearish, indicated by daily moving averages and weekly Dow Theory, despite mixed signals from the MACD and Bollinger Bands suggesting some indecision.
As of 4 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating a bearish outlook and the weekly Dow Theory also reflecting a mildly bearish sentiment. The MACD shows a mixed picture with a mildly bullish signal on the weekly but mildly bearish on the monthly. The Bollinger Bands are sideways on the weekly but mildly bullish on the monthly, suggesting some indecision. Overall, the combination of these indicators points to a mildly bearish sentiment in the short term.
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