Is Le Travenues technically bullish or bearish?

Oct 08 2025 08:11 AM IST
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As of October 7, 2025, the technical trend is bullish, supported by strong indicators like a bullish MACD, moving averages, and OBV, despite some caution from the weekly Dow Theory and a bearish monthly RSI.
As of 7 October 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and the daily moving averages are also bullish. Additionally, the Bollinger Bands on a weekly basis indicate bullish momentum. The On-Balance Volume (OBV) is bullish for both weekly and monthly time frames, reinforcing the positive outlook. However, the weekly Dow Theory shows a mildly bearish stance, which introduces some caution. The RSI on a monthly basis is bearish, but it does not significantly impact the overall bullish trend at this time. Overall, the strength of the bullish trend is supported by multiple indicators, particularly in the weekly time frame.
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