Is Evelo Biosciences, Inc. technically bullish or bearish?
As of May 7, 2025, the market trend is mildly bearish, driven by daily moving averages and a bearish weekly RSI, despite mixed signals from the monthly bullish RSI and mildly bullish MACD.
As of 7 May 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish sentiment. The weekly RSI is also bearish, contrasting with the monthly bullish RSI, which suggests mixed signals across time frames. The MACD shows a mildly bullish stance on both weekly and monthly charts, but this is overshadowed by the prevailing bearish indicators. Overall, the strength of the bearish sentiment is supported by the daily moving averages and the weekly RSI.
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