Is Sumitomo Chemi. technically bullish or bearish?
As of October 24, 2025, the market trend is neutral with mixed signals, showing a shift from mildly bullish to sideways, as indicated by bearish MACD and Bollinger Bands on weekly charts, while daily moving averages remain mildly bullish.
As of 24 October 2025, the technical trend has changed from mildly bullish to sideways. The current technical stance is neutral, with a lack of strong directional indicators. The MACD is mildly bearish on both weekly and monthly time frames, while the RSI shows no signal in either time frame. Bollinger Bands indicate a bearish stance weekly but mildly bullish monthly. Moving averages are mildly bullish on the daily chart, contrasting with the overall bearish signals from the KST and Dow Theory on both weekly and monthly charts. The OBV shows no trend weekly but is bullish monthly. Overall, the mixed signals suggest a cautious approach, with no clear bullish or bearish momentum currently.
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