What is the technical trend for Relaxo Footwear?
As of April 28, 2025, Relaxo Footwear's trend is mildly bearish, with mixed signals across different time frames, as the weekly MACD is mildly bullish while the monthly MACD remains bearish, and indicators like RSI and Bollinger Bands show potential upward momentum but overall lack strong bullish support.
As of 28 April 2025, the technical trend for Relaxo Footwear has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, while the monthly MACD remains bearish, indicating mixed signals in different time frames. The RSI shows no signal on the weekly chart but is bullish on the monthly, suggesting potential upward momentum over a longer period. Bollinger Bands are bullish weekly but mildly bearish monthly, reflecting volatility concerns. Daily moving averages are mildly bearish, which aligns with the overall trend. KST and OBV are both mildly bullish on the weekly, but bearish on the monthly, further emphasizing the mixed outlook. Overall, the current stance is mildly bearish, with key indicators pointing to a lack of strong bullish momentum despite some positive signals in the weekly analysis.
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