Is GlycoMimetics, Inc. technically bullish or bearish?
As of June 6, 2025, the market trend is bearish with moderate strength, indicated by a bearish RSI and a mildly bearish OBV, despite some bullish signals from MACD and daily moving averages.
As of 6 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators include a bearish RSI on both weekly and monthly time frames, which suggests weakening momentum. Although the MACD and Bollinger Bands are bullish on the weekly and monthly charts, the overall bearish trend is reinforced by the Dow Theory indicating a mildly bullish weekly stance but no trend on the monthly. The daily moving averages are bullish, but the lack of a strong upward movement in the OBV on the monthly scale, which is mildly bearish, adds to the bearish outlook.
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