Is Servotech Renew technically bullish or bearish?
As of June 23, 2025, the market trend is mildly bearish, influenced by daily moving averages and monthly indicators, despite some short-term bullish signals from the weekly MACD and Bollinger Bands.
As of 23 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the monthly KST also showing a mildly bearish signal. The weekly MACD is mildly bullish, but this is offset by the overall bearish signals from the monthly indicators and Dow Theory, which shows a mildly bearish stance. The Bollinger Bands indicate mild bullishness on the weekly but are bullish on the monthly, suggesting some short-term strength. Overall, the mixed signals indicate a weak bearish sentiment in the current market environment.
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