Is PNB Gilts technically bullish or bearish?
As of 14 October 2025, the market trend is mildly bearish, driven by bearish signals from the weekly MACD and KST indicators, despite some mildly bullish daily moving averages.
As of 14 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and KST indicators, both indicating bearish momentum. The Bollinger Bands also reflect a bearish trend on both weekly and monthly time frames. Although daily moving averages show a mildly bullish signal, this is overshadowed by the overall bearish sentiment in the weekly and monthly indicators. The lack of signals from the RSI and OBV further supports a neutral to bearish outlook. Overall, the strength of the bearish trend is moderate, influenced by the recent price decline from 97.10 to 96.37.
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