Is MSP Steel & Pow. technically bullish or bearish?

Aug 05 2025 08:10 AM IST
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As of August 4, 2025, the market trend is mildly bearish, influenced by daily moving averages and monthly MACD signals, despite some mixed indicators from weekly MACD and Bollinger Bands.
As of 4 August 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 mildly bearish signal. While the weekly MACD and Bollinger Bands are mildly bullish, the overall indicators suggest weakness, particularly in the context of the recent price decline from 33.71 to 33.01. The Dow Theory indicates no trend on the weekly chart, but is mildly bullish on the monthly, adding to the mixed signals. Overall, the strength of the bearish stance is supported by the daily moving averages and the monthly MACD.
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