What is the technical trend for Megri Soft?

Jun 09 2025 06:30 PM IST
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As of May 21, 2025, Megri Soft's technical trend has shifted to a bearish stance, supported by a bearish MACD and RSI, despite a recent one-week gain of 13.52%, with a year-to-date return of -34.51%.
As of 21 May 2025, the technical trend for Megri Soft has changed from mildly bearish to bearish. The current technical stance is bearish with a moderate strength. Key indicators driving this stance include a bearish MACD on the weekly chart and a bearish RSI on the monthly chart. The daily moving averages also confirm a bearish trend. Additionally, the Bollinger Bands and Dow Theory both indicate a mildly bearish outlook on the weekly and monthly time frames. Despite a strong one-week stock return of 13.52%, the overall longer-term performance remains weak, particularly year-to-date with a return of -34.51%.
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