Is Burke Herbert Financial Services Corp. technically bullish or bearish?
As of May 9, 2024, the technical trend is mildly bearish, indicated by daily moving averages and weekly Dow Theory, despite some mixed signals from the MACD and KST, suggesting a cautious approach.
As of 9 May 2024, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating a bearish outlook and the weekly Dow Theory also suggesting a mildly bearish trend. While the MACD on the weekly is mildly bullish, the monthly MACD and Bollinger Bands are both mildly bearish, contributing to the overall bearish sentiment. The KST shows mixed signals with a mildly bullish stance on the monthly, but the lack of clear signals from the RSI and OBV further supports a cautious approach.
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