Is Muthoot Microfin technically bullish or bearish?
As of June 26, 2025, the trend has shifted to mildly bullish, supported by positive indicators like the weekly MACD and KST, although short-term weakness is suggested by daily moving averages and potential volatility remains due to negative longer-term returns.
As of 26 June 2025, the technical trend has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, supported by the weekly MACD and KST both indicating mild bullishness. The Bollinger Bands also reflect a bullish sentiment on the weekly timeframe. However, the daily moving averages are mildly bearish, which suggests some short-term weakness. The On-Balance Volume (OBV) is bullish on both weekly and monthly timeframes, reinforcing the overall positive outlook. Despite the recent price action showing a significant recovery from the previous close, the longer-term returns remain negative, indicating potential volatility ahead.
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