Is RH technically bullish or bearish?
As of June 6, 2025, the market trend is mildly bearish, influenced by mixed signals from various indicators, including a mildly bullish weekly MACD and bearish Bollinger Bands, suggesting downward pressure despite some bullish signs on shorter time frames.
As of 6 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD on a weekly basis is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The Bollinger Bands are bearish on the weekly and mildly bearish on the monthly, suggesting downward pressure. Daily moving averages are also mildly bearish. The KST shows a mildly bullish trend weekly but is mildly bearish monthly, while Dow Theory supports a mildly bullish stance on both weekly and monthly time frames. The OBV is showing no trend weekly but is mildly bullish monthly. Overall, the mixed signals indicate a mildly bearish outlook with some bullish indicators on shorter time frames.
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