Recent Technical Trend and Indicator Overview
The technical trend for IST has turned bearish, signalling a cautious outlook for investors. The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum tool, shows a bearish signal on the weekly chart and mildly bearish on the monthly chart. This suggests that short-term momentum is weakening, while the longer-term momentum remains somewhat subdued but not decisively negative.
The Relative Strength Index (RSI), which measures the speed and change of price movements, currently shows no clear signal on both weekly and monthly timeframes. This neutral RSI reading indicates that the stock is neither overbought nor oversold, providing limited directional guidance at present.
Bollinger Bands, which ...
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