Is ConnectM Technology Solutions, Inc. technically bullish or bearish?
As of October 1, 2023, ConnectM Technology Solutions, Inc. shows a mixed but bearish technical stance despite a remarkable recent performance, with a 750% return over the past week and 5566.67% over the past month, yet year-to-date returns are significantly negative at -85.95%.
As of 1 October 2023, the technical stance for ConnectM Technology Solutions, Inc. is mixed but leans bearish. The MACD indicates a mildly bullish trend on both weekly and monthly time frames, while the RSI shows bearish conditions on the weekly and no signal on the monthly. Moving averages are mildly bearish on the daily, and the Dow Theory presents a mildly bullish weekly but bearish monthly outlook. Overall, the indicators suggest a lack of strong bullish momentum.In terms of performance, the stock has seen a staggering 750% return over the past week and 5566.67% over the past month, significantly outperforming the S&P 500's 1.05% and 2.33% returns, respectively. However, year-to-date and annual returns are notably poor at -85.95% and -84.11%, underperforming the S&P 500's 12.22% and 17.14%.
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