Is Virax Biolabs Group Ltd. technically bullish or bearish?
As of June 2, 2025, the market trend is mildly bearish due to bearish signals from the weekly MACD and moving averages, despite some mildly bullish indicators on the monthly timeframe.
As of 2 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the weekly MACD indicating bearish momentum, along with the daily moving averages also showing a bearish trend. The Bollinger Bands and KST on the weekly timeframe further support this bearish outlook. While the monthly MACD and OBV show mildly bullish signals, they are not strong enough to counteract the bearish indicators present in the weekly timeframe. Overall, the lack of a clear trend in the Dow Theory adds to the uncertainty.
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