What is the technical trend for Refex Renewables?
As of May 12, 2025, Refex Renewables shows a mildly bullish trend supported by the weekly MACD and Bollinger Bands, despite some caution from the monthly MACD and mildly bearish daily moving averages.
As of 12 May 2025, the technical trend for Refex Renewables has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting the positive trend, while the monthly MACD is mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, suggesting upward momentum. The Dow Theory also reflects a mildly bullish stance on both weekly and monthly charts. However, the daily moving averages are mildly bearish, which could temper the bullish outlook in the short term. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands.
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