Is Summit Securitie technically bullish or bearish?

Oct 17 2025 08:09 AM IST
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As of October 16, 2025, the technical trend has shifted to bullish, supported by strong weekly MACD and Bollinger Bands, although caution is advised due to mildly bearish monthly indicators.
As of 16 October 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish with a strong emphasis on the weekly MACD and Bollinger Bands, both indicating bullish momentum. The daily moving averages also support this bullish outlook. However, the monthly MACD and KST are mildly bearish, suggesting some caution. The Dow Theory shows a mildly bullish stance on the monthly timeframe, while the OBV indicates a mildly bullish trend on the weekly but mildly bearish on the monthly. Overall, the strength of the bullish signal is reinforced by the recent price action, with today's high surpassing the previous close significantly.
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