Is CION Investment Corp. technically bullish or bearish?
As of May 5, 2025, the technical trend is bearish with moderate strength, indicated by bearish MACD, moving averages, and Bollinger Bands, despite some divergence in Dow Theory suggesting a mildly bullish monthly outlook.
As of 5 May 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this assessment include a bearish MACD on the weekly timeframe, bearish moving averages on the daily timeframe, and a bearish reading from the Bollinger Bands on both weekly and monthly timeframes. Additionally, the KST is bearish on the weekly and mildly bearish on the monthly, while the OBV shows a mildly bearish trend on the monthly. The Dow Theory indicates no trend on the weekly but is mildly bullish on the monthly, suggesting some divergence. Overall, the technical outlook remains negative.
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