Is Finnovate Acquisition Corp. technically bullish or bearish?
As of June 11, 2025, the technical outlook is mildly bearish, indicated by bearish momentum in the MACD and Bollinger Bands, while the OBV shows some underlying strength, resulting in limited directional conviction.
As of 11 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD indicating bearish momentum and the monthly MACD showing mildly bearish conditions. The Bollinger Bands are also reflecting a bearish trend on the monthly timeframe, while moving averages on the daily are mildly bearish. The KST is mildly bearish on the weekly, and the OBV shows a bullish trend on the monthly, which suggests some underlying strength. However, the lack of clear signals from the RSI and Dow Theory indicates a lack of strong directional conviction. Overall, the technical indicators suggest a mildly bearish outlook with limited strength.
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