Is Relaxo Footwear technically bullish or bearish?
As of September 16, 2025, Relaxo Footwear's trend is mildly bearish, with daily moving averages and monthly MACD indicating bearish signals, despite some mixed bullish indicators on longer time frames.
As of 16 September 2025, the technical trend for Relaxo Footwear has changed from sideways to mildly bearish. The current stance is bearish, with a moderate strength indicated by the daily moving averages showing a mildly bearish signal. The weekly MACD is mildly bullish, but the monthly MACD is bearish, creating a mixed outlook. The RSI shows no signal on the weekly chart while being bullish on the monthly, further contributing to the uncertainty. The Bollinger Bands indicate a mildly bullish trend weekly but a mildly bearish trend monthly. Overall, while there are some bullish indicators on longer time frames, the prevailing trend is bearish, particularly in the daily and monthly contexts.
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