Is Arcimoto, Inc. technically bullish or bearish?
As of January 2, 2025, the trend is mildly bearish due to daily moving averages, despite some bullish signals from weekly and monthly MACD and RSI, indicating overall market uncertainty.
As of 2 January 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish sentiment. However, the weekly and monthly MACD readings are mildly bullish, suggesting some underlying strength. The monthly RSI is bullish, but the overall lack of definitive trends in Dow Theory and OBV indicates uncertainty. The Bollinger Bands are sideways on both weekly and monthly time frames, further reflecting a lack of clear direction.
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