Is MM Forgings technically bullish or bearish?
As of November 13, 2025, MM Forgings exhibits a bearish trend, supported by mixed signals from the MACD and RSI, alongside consistently bearish indicators from Bollinger Bands and moving averages.
As of 13 November 2025, the technical trend for MM Forgings has changed from mildly bearish to bearish. The current stance is bearish, with a moderate strength indicated by several key factors. The MACD shows a mildly bullish signal on the weekly chart but is bearish on the monthly, suggesting mixed signals in the short and long term. The RSI is bullish on the monthly but shows no signal on the weekly, indicating potential weakness. Bollinger Bands and moving averages are both bearish across daily and monthly time frames, reinforcing the bearish outlook. Additionally, the KST and OBV are mildly bearish on the weekly, with the monthly KST also bearish. Overall, the combination of these indicators suggests a bearish sentiment in the current market for MM Forgings.
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