Is Morepen Labs. technically bullish or bearish?
As of November 6, 2025, Morepen Labs is in a bearish trend with moderate strength, indicated by a bearish MACD, bearish Bollinger Bands, and underperformance against the Sensex, despite a mildly bullish KST on the weekly chart.
As of 6 November 2025, the technical trend for Morepen Labs has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly chart and bearish signals from Bollinger Bands across both weekly and monthly time frames. The daily moving averages also indicate a bearish trend. Although the KST shows mildly bullish on the weekly, it is countered by the overall bearish sentiment from other indicators. The stock has underperformed significantly compared to the Sensex over various time frames, reinforcing the bearish outlook.
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