Is Ebang International Holdings, Inc. technically bullish or bearish?
As of May 12, 2025, the market trend is mildly bearish, influenced by bearish daily moving averages and Bollinger Bands, though weekly indicators like MACD and KST suggest some potential for upward movement, keeping the overall outlook cautious.
As of 12 May 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearish momentum and the Bollinger Bands showing a bearish signal on the weekly and monthly time frames. However, the weekly MACD and KST are mildly bullish, suggesting some potential for upward movement. The Dow Theory indicates a mildly bullish stance on the monthly time frame, but the overall lack of strong bullish indicators keeps the outlook cautious. The RSI shows no signal, further supporting a neutral to mildly bearish perspective.
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