What is the technical trend for Sumitomo Chemi.?

Jun 09 2025 06:35 PM IST
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As of May 27, 2025, Sumitomo Chemi's technical trend is mildly bullish, supported by daily moving averages and KST indicators, despite some bearish signals from the MACD and OBV.
As of 27 May 2025, the technical trend for Sumitomo Chemi has changed from bullish to mildly bullish. The weekly MACD indicates a mildly bearish stance, while the monthly MACD also shows mildly bearish. The daily moving averages are mildly bullish, suggesting some short-term positive momentum. The Bollinger Bands are sideways on the weekly chart but bullish on the monthly, indicating potential for upward movement. KST is bullish on both weekly and monthly time frames, which supports the mildly bullish outlook. However, the weekly OBV is mildly bearish, contrasting with the monthly bullish reading. Overall, the current technical stance is mildly bullish, driven primarily by the daily moving averages and KST indicators, despite some bearish signals from the MACD and OBV.
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