What is the technical trend for Scan Steels?

Jun 09 2025 05:31 PM IST
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As of May 12, 2025, Scan Steels shows a mildly bearish trend with mixed signals from MACD and moving averages, while Bollinger Bands remain bearish.
As of 12 May 2025, the technical trend for Scan Steels has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The daily moving averages are mildly bearish, and both the weekly and monthly Bollinger Bands are bearish. The KST shows a mildly bullish signal on the weekly timeframe but is bearish monthly. Dow Theory indicates no trend in both weekly and monthly timeframes. Overall, the current technical stance is mildly bearish, driven primarily by the mixed signals from MACD and moving averages, alongside bearish Bollinger Bands.
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