Is Relaxo Footwear technically bullish or bearish?

Jul 09 2025 08:04 AM IST
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As of July 8, 2025, Relaxo Footwear's technical trend is neutral with mixed signals, showing a mildly bullish weekly MACD and Bollinger Bands, but a bearish monthly MACD and moving averages, indicating a lack of clear direction.
As of 8 July 2025, the technical trend for Relaxo Footwear has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across different time frames. The weekly MACD is mildly bullish, while the monthly MACD is bearish. The weekly Bollinger Bands indicate a bullish outlook, but the monthly view is mildly bearish. Moving averages on the daily chart show a mildly bearish trend. The KST is mildly bullish on the weekly and bearish on the monthly. Dow Theory supports a mildly bullish stance in both weekly and monthly views. Overall, the indicators suggest a lack of clear direction, with the strength of the bullish signals being offset by bearish trends in other areas.
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