Is IRIS Business technically bullish or bearish?

As of 16 October 2025, the technical trend for IRIS Business has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD is bearish on the weekly chart and mildly bearish on the monthly chart, indicating a lack of momentum in the upward direction. The moving averages on the daily timeframe are also bearish, reinforcing the negative sentiment. While the KST is mildly bearish on both weekly and monthly timeframes, the Dow Theory shows a mildly bullish signal on the weekly chart, which suggests some underlying strength. However, the overall picture remains cautious due to the bearish signals from the MACD and moving averages. The stock has underperformed significantly compared to the Sensex over various timeframes, particularly on a year-to-date basis, which further supports the bearish outlook.