Is Mercury EV-Tech technically bullish or bearish?
As of June 13, 2025, Mercury EV-Tech's trend has shifted to a bearish stance, driven by bearish daily moving averages, a bearish weekly RSI, and confirmation from Bollinger Bands, despite some mildly bullish signals from the MACD and KST.
As of 13 June 2025, the technical trend for Mercury EV-Tech has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the daily moving averages indicating bearish momentum, the weekly RSI showing bearish conditions, and both the weekly and monthly Bollinger Bands confirming a bearish outlook. Although the weekly MACD and KST are mildly bullish, they are overshadowed by the overall bearish signals from other indicators. The stock has also underperformed significantly against the Sensex over multiple time frames, further reinforcing the bearish sentiment.
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