Is Morepen Labs. technically bullish or bearish?

Jun 13 2025 08:05 AM IST
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As of June 12, 2025, Morepen Labs shows a mildly bullish trend supported by weekly MACD and Bollinger Bands, despite daily moving averages indicating mild bearishness.
As of 12 June 2025, the technical trend for Morepen Labs has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven by a combination of indicators. The weekly MACD is mildly bullish, supporting the positive trend, while the Bollinger Bands are bullish on both weekly and monthly time frames. Dow Theory also indicates a mildly bullish outlook on both weekly and monthly charts. However, the daily moving averages remain mildly bearish, which adds some caution. Overall, the strength of the bullish stance is moderate, influenced by the recent price action and the positive returns compared to the Sensex over various periods.
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