Is Ocean Power Technologies, Inc. technically bullish or bearish?
As of June 9, 2025, the trend is bullish with moderate strength, supported by a bullish weekly MACD and mildly bullish daily moving averages, though caution is advised due to mixed signals from Bollinger Bands and KST indicators.
As of 9 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly timeframe, while the monthly MACD is mildly bullish. The daily moving averages are also mildly bullish, supporting the overall positive trend. However, the weekly Bollinger Bands indicate a bearish signal, which suggests some caution. The KST is mildly bearish on the weekly but bullish on the monthly, and the Dow Theory shows a mildly bearish stance on the weekly with no trend on the monthly. Overall, despite some mixed signals, the prevailing trend is bullish.
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