Recent Technical Trend Shift
As of 3 December 2025, Steel Str. Wheel’s technical trend has shifted from mildly bearish to outright bearish. This change reflects growing downward pressure on the stock, confirmed by a series of technical indicators across multiple timeframes. The daily moving averages, a critical gauge of short-term momentum, remain bearish, indicating that the stock price is trading below key averages and suggesting continued weakness in the near term.
Momentum Indicators Paint a Bearish Picture
The Moving Average Convergence Divergence (MACD) indicator, widely used to identify trend direction and momentum, shows a bearish signal on the weekly chart and a mildly bearish stance on the monthly chart. This divergence suggests that w...
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