Is Redtape technically bullish or bearish?
As of June 13, 2025, Redtape's technical trend has shifted to a bearish stance, supported by daily moving averages, Bollinger Bands, and mild bearish signals from MACD, KST, and OBV.
As of 13 June 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The daily moving averages indicate a bearish trend, while the Bollinger Bands on both weekly and monthly time frames also confirm a bearish outlook. The MACD is mildly bullish on the weekly, but this is overshadowed by the overall bearish signals from other indicators. The KST and OBV show mild bearishness on the weekly, further supporting the bearish sentiment. Overall, the combination of these indicators suggests a negative outlook for Redtape in the current market environment.
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