Is Avient Corp. technically bullish or bearish?
As of May 8, 2025, the trend is mildly bearish, indicated by daily moving averages and weekly Bollinger Bands, though the weekly MACD and RSI show some short-term strength, creating a cautious outlook amid mixed signals and underperformance relative to the S&P 500.
As of 8 May 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearish momentum and the weekly Bollinger Bands also showing a mildly bearish trend. The MACD on a weekly basis is mildly bullish, which contrasts with the monthly bearish signal, suggesting some short-term strength. The RSI is bullish on the weekly timeframe, providing a slight counterbalance to the overall bearish indicators. However, the overall picture remains cautious due to the mixed signals across different timeframes and the negative performance relative to the S&P 500 over various periods.
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