What is the technical trend for Ola Electric?
As of June 3, 2025, Ola Electric's technical trend is bearish with moderate strength, driven by bearish daily moving averages, weekly Bollinger Bands, and KST, despite a mildly bullish MACD.
As of 3 June 2025, the technical trend for Ola Electric has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this assessment include the daily moving averages showing a bearish trend, the weekly Bollinger Bands also indicating bearish conditions, and the KST on a weekly basis reflecting bearish sentiment. The MACD on a weekly basis is mildly bullish, but this is overshadowed by the overall bearish signals from other indicators. The Dow Theory suggests a mildly bearish stance on the weekly timeframe, while the OBV indicates a mildly bearish trend on a monthly basis. Overall, the combination of these indicators suggests a negative outlook for the stock in the near term.
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