Is Summit Securitie technically bullish or bearish?

Jun 24 2025 08:08 AM IST
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As of June 23, 2025, the technical trend is mildly bearish, indicated by daily moving averages and a negative weekly return of -5.50%, despite some mixed signals from MACD and Bollinger Bands.
As of 23 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating bearish momentum and the weekly Dow Theory also reflecting a mildly bearish outlook. While the weekly MACD shows mildly bullish signals, the monthly MACD is mildly bearish, suggesting mixed signals across different time frames. The Bollinger Bands are mildly bullish on both weekly and monthly charts, but the overall bearish trend in daily moving averages and the negative return over the past week (-5.50%) further support the bearish stance.
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