Is Sobha technically bullish or bearish?

Jul 01 2025 08:10 AM IST
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As of June 30, 2025, Sobha's technical trend is mildly bullish, supported by a bullish weekly MACD and monthly RSI, despite some mixed signals from longer timeframes.
As of 30 June 2025, the technical trend for Sobha has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive sentiment, while the monthly MACD is mildly bearish, indicating some caution. The weekly RSI shows no signal, but the monthly RSI is bullish, reinforcing the upward momentum. Bollinger Bands are bullish on the weekly chart but mildly bearish on the monthly, suggesting mixed signals. Daily moving averages are mildly bearish, which could temper immediate bullish expectations. The KST is bullish weekly but mildly bearish monthly, and Dow Theory indicates a mildly bullish stance on the monthly timeframe. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and monthly RSI, despite some bearish signals in longer timeframes.
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