Is Sobha technically bullish or bearish?
As of November 17, 2025, the market trend is bullish with moderate strength, supported by positive indicators like a bullish MACD and RSI, although caution is advised due to a mildly bearish KST.
As of 17 November 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly timeframe, a bullish RSI on the monthly timeframe, and bullish moving averages on the daily timeframe. Additionally, Bollinger Bands are indicating bullishness on both weekly and monthly charts. However, the KST shows a mildly bearish stance on both weekly and monthly, which suggests some caution. Overall, the bullish trend is supported by the recent price movement, with the current price at 1619.00, up from the previous close of 1574.20.
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