What is the technical trend for Union Bank (I)?
As of May 13, 2025, Union Bank (I) shows a bullish technical trend supported by strong weekly indicators like the MACD and Bollinger Bands, despite some caution from the monthly MACD and KST.
As of 13 May 2025, the technical trend for Union Bank (I) has changed from mildly bullish to bullish. The weekly MACD is bullish, supporting the positive sentiment, while the monthly MACD remains mildly bearish, indicating some caution. The Bollinger Bands are bullish on both weekly and monthly time frames, reinforcing the upward momentum. Daily moving averages are also bullish, suggesting strong short-term support. The KST is bullish weekly but mildly bearish monthly, and Dow Theory indicates a mildly bullish stance on both weekly and monthly charts. Overall, the current technical stance is bullish with strong indicators from the weekly MACD, Bollinger Bands, and OBV.
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