Is Marine Petroleum Trust technically bullish or bearish?
As of June 18, 2025, the trend is bullish due to positive daily moving averages and weekly MACD, although bearish RSI readings indicate some underlying weakness.
As of 18 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish, driven primarily by the daily moving averages indicating a bullish signal and the weekly MACD also being bullish. However, the weekly and monthly RSI readings are bearish, suggesting some underlying weakness. The Bollinger Bands show a bullish trend on the monthly timeframe, while the KST and OBV are bullish on the weekly, indicating positive momentum. Overall, the strength of the bullish stance is tempered by the bearish RSI readings, but the prevailing trend remains bullish.
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