Is MIC Electronics technically bullish or bearish?

Sep 18 2025 08:07 AM IST
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As of September 17, 2025, MIC Electronics shows a mildly bearish trend due to daily moving averages and weekly RSI indicating bearish momentum, despite some mixed signals from MACD and Bollinger Bands suggesting limited upward potential.
As of 17 September 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the weekly RSI showing bearish momentum. The MACD presents a mixed picture with a mildly bullish signal on the weekly but mildly bearish on the monthly. Bollinger Bands are mildly bullish on the weekly and bullish on the monthly, suggesting some upward potential. However, the overall sentiment remains bearish due to the recent price action, with a significant drop of 9.59% over the past week. The Dow Theory shows no trend on the weekly but is mildly bullish on the monthly, indicating some divergence in time frames. Overall, the key indicators point towards a mildly bearish outlook for MIC Electronics.
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