Is Mesa Royalty Trust technically bullish or bearish?
As of June 20, 2025, the market trend has shifted to mildly bearish, driven by bearish daily moving averages and monthly MACD signals, despite some mildly bullish indicators on the weekly timeframe.
As of 20 June 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the monthly MACD showing a bearish signal. While the weekly MACD and KST are mildly bullish, they are overshadowed by the overall bearish sentiment in the monthly indicators. The Bollinger Bands reflect a mildly bearish condition on the monthly timeframe as well. Overall, the mixed signals suggest a cautious approach, with the bearish indicators currently holding more weight.
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