Is Relaxo Footwear technically bullish or bearish?

Jul 15 2025 08:09 AM IST
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As of 14 July 2025, Relaxo Footwear's trend is mildly bearish, influenced by daily moving averages and monthly MACD showing bearish momentum, despite some mixed signals from weekly indicators and a significant decline in performance over the year.
As of 14 July 2025, the technical trend for Relaxo Footwear has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish outlook and the monthly MACD showing bearish momentum. Although the weekly MACD and KST are mildly bullish, the overall sentiment remains negative due to the lack of strong bullish signals in the RSI and the mixed signals from Bollinger Bands. The stock's recent performance also reflects a significant decline over the year, further supporting the bearish view.
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