Is Relaxo Footwear technically bullish or bearish?

As of 7 November 2025, the technical trend for Relaxo Footwear has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and Bollinger Bands both indicating bearish conditions. The weekly KST also supports this bearish outlook. Although the monthly MACD and RSI show mildly bullish and bullish signals respectively, the overall trend is influenced more heavily by the weekly indicators. The daily moving averages are mildly bullish, but this is not sufficient to counteract the bearish signals from the weekly timeframe. The stock's performance relative to the Sensex is also concerning, with significant declines over multiple periods, indicating weakness in the stock.