Is Meihua International Medical Technologies Co., Ltd. technically bullish or bearish?
As of June 18, 2025, the market trend is mildly bearish, supported by daily moving averages and weekly Dow Theory, despite some bullish signals from monthly indicators.
As of 18 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish trend. The weekly Dow Theory also supports this mildly bearish outlook, despite the monthly indicators showing some bullish signals in MACD and Dow Theory. The Bollinger Bands present a mixed picture with weekly bullishness contrasted by monthly bearishness. Overall, the strength of the bearish stance is moderate, influenced by the daily moving averages and the weekly Dow Theory.
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