Is Sumitomo Chemi. technically bullish or bearish?
As of September 5, 2025, Sumitomo Chemi's trend is mildly bullish due to positive weekly indicators, though mixed signals suggest caution with underlying bearish pressures in the longer term.
As of 5 September 2025, the technical trend for Sumitomo Chemi has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands indicating bullish momentum. Daily moving averages also support a mildly bullish outlook. However, the monthly MACD and KST show mildly bearish signals, and Dow Theory indicates a mildly bearish stance on the weekly timeframe. Overall, the mixed signals suggest a cautious bullish sentiment in the short term, but with underlying bearish pressures in the longer term.
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