Is Spencer's Retail technically bullish or bearish?

Sep 06 2025 08:08 AM IST
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As of September 5, 2025, Spencer's Retail is in a bearish trend with moderate strength, indicated by bearish daily moving averages, weekly KST, and monthly MACD, despite some short-term buying pressure reflected in the OBV.
As of 5 September 2025, the technical trend for Spencer's Retail has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the daily moving averages indicating bearishness, the weekly KST and monthly MACD both showing bearish signals, and the Bollinger Bands reflecting a mildly bearish trend on both weekly and monthly time frames. The OBV is mildly bullish on a weekly basis but remains bearish monthly, indicating some divergence in short-term buying pressure. Overall, the bearish trend is reinforced by the significant decline in stock performance year-to-date and over the past year compared to the Sensex.
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