Is Pennar Industrie technically bullish or bearish?

Jun 28 2025 08:04 AM IST
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As of June 27, 2025, Pennar Industrie shows a mildly bullish trend supported by daily moving averages and weekly MACD, though caution is advised due to a bearish weekly RSI and mixed signals from Dow Theory.
As of 27 June 2025, the technical trend for Pennar Industrie has changed from bullish to mildly bullish. The current stance is mildly bullish, primarily driven by the daily moving averages indicating bullish momentum and the weekly MACD also showing bullish signals. However, the weekly RSI is bearish, suggesting some weakness in momentum. The Bollinger Bands are bullish on both weekly and monthly time frames, supporting the mildly bullish outlook. The Dow Theory presents a mixed view with a mildly bearish weekly signal but a bullish monthly signal. Overall, while there are bullish indicators, the presence of bearish signals in the RSI and KST suggests caution.
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