Is Allogene Therapeutics, Inc. technically bullish or bearish?
As of June 3, 2025, the market trend is mildly bearish, with mixed indicators showing some positive momentum from the MACD but overall bearish signals from Bollinger Bands, moving averages, and KST.
As of 3 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD is mildly bullish on both the weekly and monthly time frames, suggesting some positive momentum. However, the Bollinger Bands are bearish on the weekly and mildly bearish on the monthly, indicating potential resistance. Moving averages are bearish on the daily time frame, which adds to the negative sentiment. The KST is bearish on both weekly and monthly, and Dow Theory indicates a mildly bearish stance on the weekly with no trend on the monthly. Overall, while there are some mildly bullish signals from the MACD, the prevailing indicators suggest a cautious outlook.
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