Is Shengfeng Development Ltd. technically bullish or bearish?

Jun 25 2025 09:22 AM IST
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As of June 11, 2025, Shengfeng Development Ltd. is in a mildly bearish trend, indicated by daily moving averages and weekly Dow Theory, despite a mildly bullish MACD, with overall bearish signals from Bollinger Bands and weak bullish indicators from RSI and KST.
As of 11 June 2025, the technical trend for Shengfeng Development Ltd. has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearishness and the weekly Dow Theory showing a mildly bearish trend. The MACD on the weekly is mildly bullish, but this is offset by the bearish signal from the Bollinger Bands on the weekly timeframe. Overall, the lack of strong bullish signals from the RSI and KST further supports the bearish outlook.
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