Is Mercury EV-Tech technically bullish or bearish?

Jun 15 2025 08:03 AM IST
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As of June 13, 2025, the market trend has shifted to bearish with moderate strength, supported by bearish daily moving averages, a bearish weekly RSI, and mixed signals from the MACD.
As of 13 June 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the daily moving averages which are bearish, and the weekly RSI indicating bearish momentum. Additionally, both the weekly and monthly Bollinger Bands are bearish, reinforcing the negative outlook. The MACD shows a mixed picture with a mildly bullish signal on the weekly but a mildly bearish signal on the monthly, indicating some short-term divergence. Overall, the bearish trend is supported by the Dow Theory which is mildly bearish on the weekly timeframe.
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