Is Cazoo Group Ltd. technically bullish or bearish?
As of November 15, 2024, Cazoo Group Ltd. is in a mildly bearish trend due to daily moving averages indicating bearishness, despite some mildly bullish signals from the weekly MACD and KST, while the stock has seen a significant 100% loss over the past week.
As of 15 November 2024, the technical trend for Cazoo Group Ltd. has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish trend. While the weekly MACD shows a mildly bullish signal, the monthly RSI is bearish, suggesting weakness in momentum. Additionally, both the KST and MACD on the weekly timeframe are mildly bullish, but the overall lack of a clear trend in Dow Theory and the sideways movement in Bollinger Bands indicate uncertainty. The stock has experienced a significant decline, with a 100% loss over the past week, further reinforcing the bearish sentiment.
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