Is Beam Global technically bullish or bearish?
As of June 2, 2025, the market trend is mildly bearish due to bearish signals from daily moving averages and Bollinger Bands, despite a mildly bullish MACD on weekly and monthly charts.
As of 2 June 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 Bollinger Bands showing a bearish signal on the weekly and monthly time frames. While the MACD is mildly bullish on both weekly and monthly charts, the overall sentiment is tempered by the lack of strong signals from the RSI and KST, which is bearish on a monthly basis. Dow Theory suggests a mildly bullish outlook on the monthly time frame, but the absence of a clear trend on the weekly further supports the mildly bearish stance.
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