Is Spencer's Retail technically bullish or bearish?

Jul 17 2025 08:08 AM IST
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As of 16 July 2025, Spencer's Retail is in a bearish trend with moderate strength, indicated by daily moving averages, bearish signals from the monthly MACD and KST, and underperformance against the Sensex.
As of 16 July 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Spencer's Retail is bearish with moderate strength. Key indicators driving this stance include the daily moving averages indicating bearish momentum, along with the monthly MACD and KST both showing bearish signals. Additionally, Bollinger Bands on both weekly and monthly time frames confirm a bearish outlook. The stock has also underperformed significantly compared to the Sensex over multiple time frames, further supporting the bearish sentiment.
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