Is Elevation Oncology, Inc. technically bullish or bearish?
As of April 18, 2024, the trend is mildly bullish due to positive weekly MACD and KST signals, but caution is advised due to a bearish weekly RSI and mixed moving average indicators.
As of 18 April 2024, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly MACD indicating mild bullishness and the KST also showing a mildly bullish signal. However, the weekly RSI is bearish, which suggests some weakness in momentum. The moving averages on the daily chart are mildly bearish, and both the Bollinger Bands and Dow Theory indicate a lack of strong upward momentum in the weekly and monthly time frames. Overall, while there are some bullish indicators, the mixed signals suggest caution.
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