Is IST technically bullish or bearish?
As of July 16, 2025, the market trend is mildly bearish, indicated by daily moving averages and weekly RSI, despite mixed signals from MACD and Bollinger Bands, with Dow Theory showing no clear trend.
As of 16 July 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish sentiment and the weekly RSI showing bearish conditions. While the weekly MACD remains bullish, the monthly MACD is mildly bearish, adding to the mixed signals. The Bollinger Bands on the weekly chart are mildly bullish, but overall, the indicators suggest a cautious outlook. The Dow Theory shows no clear trend in both weekly and monthly time frames, further supporting the neutral to bearish sentiment.
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