Is Constellation Acquisition Corp. I technically bullish or bearish?
As of February 2, 2024, the trend is mildly bullish due to positive MACD and moving averages, but bearish RSI readings and Dow Theory suggest caution amid underlying bearish pressures.
As of 2 February 2024, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the bullish signals from the MACD and moving averages on the daily timeframe, while the weekly MACD remains bullish as well. However, the RSI readings on both the weekly and monthly timeframes are bearish, indicating potential weakness. The Bollinger Bands show a mildly bullish trend, but Dow Theory indicates bearishness on both weekly and monthly levels. Overall, the mixed indicators suggest a cautious bullish outlook with underlying bearish pressures.
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