What is the technical trend for Machino Plastics?

Jun 09 2025 06:05 PM IST
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As of June 6, 2025, Machino Plastics shows a mildly bearish trend, influenced by bearish weekly RSI and daily moving averages, despite some mixed signals from MACD and Bollinger Bands.
As of 6 June 2025, the technical trend for Machino Plastics has changed from sideways to mildly bearish. The weekly MACD indicates a bullish stance, but the monthly MACD is mildly bearish, suggesting mixed signals. The weekly RSI is bearish, while the monthly RSI shows no signal, indicating weakness in momentum. Moving averages on the daily time frame are mildly bearish, reinforcing the negative outlook. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, which adds some support. The KST is bullish weekly but mildly bearish monthly, and Dow Theory shows a mildly bullish stance on the weekly but no trend on the monthly. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the bearish weekly RSI.
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