Is Pennar Industrie technically bullish or bearish?

Jun 30 2025 08:03 AM IST
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As of June 27, 2025, the trend is mildly bullish due to positive daily moving averages and weekly MACD signals, but is tempered by a bearish weekly RSI and mixed Dow Theory indicators.
As of 27 June 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, 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, while the Dow Theory presents a mixed view with a mildly bearish weekly stance but bullish monthly outlook. Overall, the strength of the bullish sentiment is tempered by the bearish indicators on the weekly RSI and KST.
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