Is NELCO technically bullish or bearish?
As of October 1, 2025, NELCO's trend is mildly bearish, with mixed indicators showing bearish signals outweighing bullish ones, despite a mildly bullish MACD on the weekly chart.
As of 1 October 2025, the technical trend for NELCO has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD on a weekly basis is mildly bullish, but the monthly MACD indicates a mildly bearish trend. The moving averages on a daily basis also reflect a mildly bearish sentiment. Additionally, Bollinger Bands and KST both show bearish to mildly bearish signals on the weekly and monthly time frames. Dow Theory presents a mildly bullish outlook on the weekly chart, but there is no trend on the monthly. Overall, the mixed signals suggest a cautious approach, with the bearish indicators outweighing the bullish ones.
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