Is Varroc Engineer technically bullish or bearish?

Sep 08 2025 08:06 AM IST
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As of September 5, 2025, the market trend is bullish with strong indicators, though caution is advised due to mixed signals from the MACD and RSI.
As of 5 September 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish, with strong indicators supporting this view. The daily moving averages are bullish, and the Bollinger Bands are bullish on both weekly and monthly time frames. However, the weekly MACD is bullish while the monthly MACD is mildly bearish, indicating some divergence. The weekly RSI is bearish, which suggests caution. The Dow Theory indicates a mildly bullish stance on both weekly and monthly charts. Overall, the strength of the bullish trend is supported by the positive OBV readings on both time frames, despite some mixed signals from the MACD and RSI.
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