Is Constellation Acquisition Corp. I technically bullish or bearish?
As of February 2, 2024, Constellation Acquisition Corp. I shows a mildly bullish trend supported by bullish MACD and KST indicators, but bearish RSI readings and Dow Theory suggest underlying weakness.
As of 2 February 2024, the technical trend for Constellation Acquisition Corp. I has changed from bullish to mildly bullish. The weekly MACD and KST indicators are bullish, while the daily moving averages also support a bullish stance. However, the weekly and monthly RSI readings are bearish, indicating some weakness. The Bollinger Bands show a mildly bullish trend on both weekly and monthly time frames. According to Dow Theory, there is no trend on the weekly chart and a bearish trend on the monthly chart. In terms of performance, the stock has returned 5.13% year-to-date compared to the S&P 500's 12.22%, and over the past year, it has returned 8.85% against the S&P 500's 17.14%. Overall, the current technical stance is mildly bullish but with notable bearish signals in the RSI and Dow Theory.
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