Is Heramba Electric Plc technically bullish or bearish?
2025-09-20 20:33:14As of 1 October 2023, the technical stance for Heramba Electric Plc is mixed but leans towards bearish overall. The weekly MACD is mildly bullish, while the monthly MACD is also mildly bullish, indicating some positive momentum. However, the RSI shows a bullish signal on the monthly timeframe but no signal on the weekly. The Bollinger Bands indicate a mildly bullish stance weekly but a mildly bearish one monthly. The moving averages are mildly bearish on the daily, and both the weekly and monthly Dow Theory readings are bearish. In terms of performance, the stock has significantly underperformed against the S&P 500, with a year-to-date return of -97.57% compared to the S&P 500's 12.22%, and a one-year return of -98.54% versus 17.14% for the benchmark. Overall, the mixed indicators suggest a bearish sentiment with some potential for recovery, but the prevailing trend remains negative....
Read More





