What is the technical trend for Italian?

Jun 09 2025 06:54 PM IST
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As of June 4, 2025, the technical trend is mildly bearish due to daily moving averages and a recent 4.32% weekly decline, despite some mildly bullish signals from weekly MACD and KST.
As of 4 June 2025, the technical trend has changed from sideways to mildly bearish. The daily moving averages indicate a mildly bearish stance, while the weekly MACD and KST are showing mildly bullish signals. However, the overall sentiment is tempered by the recent price action, with a significant decline of 4.32% over the past week and a year-to-date drop of 17.19%. The RSI shows no signal on both weekly and monthly time frames, suggesting a lack of momentum. Given these mixed signals, the current technical stance is mildly bearish, driven primarily by the daily moving averages and recent price performance.
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