Is Concord Acquisition Corp. II technically bullish or bearish?
As of March 11, 2025, the trend is mildly bullish due to positive MACD and moving averages, but mixed signals from RSI and Dow Theory suggest caution.
As of 11 March 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly and monthly MACD indicators, which are both bullish, and the daily moving averages indicating bullish momentum. However, the weekly and monthly RSI readings are bearish, suggesting some weakness in momentum. Additionally, Bollinger Bands show a mildly bullish trend, but Dow Theory indicates a bearish stance on the monthly timeframe. Overall, while there are bullish signals, the mixed indicators suggest caution in the current mildly bullish outlook.
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