Is Blueprint Medicines Corp. technically bullish or bearish?
As of June 4, 2025, the market trend is bullish, supported by strong indicators like a bullish MACD and moving averages, although the weekly RSI shows some short-term weakness.
As of 4 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and the moving averages are bullish on the daily chart. Additionally, Bollinger Bands are bullish on both weekly and monthly charts. Dow Theory confirms a bullish stance on both time frames as well. However, the weekly RSI is bearish, indicating some short-term weakness. Overall, the strength of the bullish trend is reinforced by the positive performance relative to the S&P 500, particularly over the past month and year.
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