Is CONX Corp. technically bullish or bearish?
As of May 9, 2024, CONX Corp. is in a bearish trend with mixed signals, as the weekly MACD is mildly bullish while the monthly MACD and moving averages are bearish, indicating that bearish indicators outweigh bullish ones.
As of 9 May 2024, the technical trend for CONX Corp. has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. The weekly MACD is mildly bullish, but the monthly MACD is bearish, indicating mixed signals. The RSI shows bullish readings on both weekly and monthly time frames, suggesting potential upward momentum, yet the moving averages are mildly bearish on a daily basis. The Bollinger Bands and KST also reflect a bearish outlook on the monthly level. Dow Theory indicates no trend on the weekly and bearish on the monthly, reinforcing the bearish sentiment. Overall, the bearish indicators outweigh the bullish signals, leading to a bearish stance.
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