Is Recon Technology Ltd. technically bullish or bearish?

Jun 25 2025 08:38 AM IST
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As of June 18, 2025, the technical trend is mildly bullish, supported by bullish MACD readings and Bollinger Bands on both weekly and monthly charts, despite some bearish signals from daily moving averages.
As of 18 June 2025, the technical trend has changed from sideways to mildly bullish. The current technical stance is mildly bullish, driven by a bullish MACD on the weekly chart and a mildly bullish MACD on the monthly chart. Bollinger Bands also indicate a bullish trend on both weekly and monthly time frames. The KST supports this with a bullish reading on the weekly and mildly bullish on the monthly. However, the daily moving averages are mildly bearish, which tempers the overall bullish sentiment. The Dow Theory shows no trend on the weekly but is mildly bullish on the monthly, indicating some underlying strength. Overall, while there are mixed signals, the prevailing trend is mildly bullish.
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