Is Relaxo Footwear technically bullish or bearish?

Sep 05 2025 08:07 AM IST
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As of September 4, 2025, Relaxo Footwear's trend is mildly bullish, supported by positive indicators like the weekly MACD and RSI, despite some short-term bearish signals from daily moving averages.
As of 4 September 2025, the technical trend for Relaxo Footwear has changed from sideways to mildly bullish. The current stance is mildly bullish, driven by several key indicators. The weekly MACD is mildly bullish, and the Dow Theory supports this with a mildly bullish signal on both weekly and monthly time frames. The RSI on a monthly basis is bullish, while the Bollinger Bands indicate a bullish trend on the weekly chart. However, the daily moving averages are mildly bearish, which suggests some short-term weakness. Overall, the combination of bullish signals from the KST and OBV on the weekly chart reinforces the mildly bullish outlook despite some bearish signals on the monthly MACD and moving averages.
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