Is TOP Financial Group Ltd. technically bullish or bearish?
As of June 18, 2025, the market trend is mildly bearish, indicated by daily moving averages and weekly Bollinger Bands, despite mixed signals from Dow Theory and mildly bullish MACD readings.
As of 18 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, primarily driven by the daily moving averages indicating bearish momentum and the weekly Bollinger Bands also showing a bearish signal. The Dow Theory presents a mixed view with a mildly bearish stance on the weekly chart while being mildly bullish on the monthly chart. MACD readings are mildly bullish on both weekly and monthly time frames, but this is overshadowed by the bearish indicators. Overall, the strength of the bearish sentiment is supported by the recent price action, with a significant decline in returns compared to the S&P 500 across multiple time frames.
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