Is Mercury General Corp. technically bullish or bearish?

Jun 29 2025 11:47 AM IST
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As of June 27, 2025, the technical trend is mildly bullish, supported by positive weekly indicators like the MACD and Bollinger Bands, despite some caution from daily moving averages and mixed signals from Dow Theory.
As of 27 June 2025, the technical trend has changed from sideways to mildly bullish. The current technical stance is mildly bullish, driven by several key indicators. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating positive price momentum. The On-Balance Volume (OBV) is also mildly bullish on both weekly and monthly time frames, suggesting accumulation. However, the daily moving averages are mildly bearish, which introduces some caution. The Dow Theory shows a mixed stance with weekly being mildly bearish and monthly mildly bullish. Overall, the strength of the bullish sentiment is moderate, supported primarily by the weekly indicators.
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