Is Grove Collaborative Holdings, Inc. technically bullish or bearish?
As of April 30, 2024, the market trend is mildly bearish, indicated by bearish signals from the weekly MACD and KST, while the monthly Dow Theory shows a mildly bullish trend, suggesting limited upward momentum.
As of 30 April 2024, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the weekly MACD and KST both indicating bearish signals, while the daily moving averages also reflect a bearish outlook. The Bollinger Bands on the weekly chart are mildly bearish, and the Dow Theory shows a mildly bullish trend on the monthly timeframe, which adds some complexity to the overall view. However, the lack of strong bullish signals in the MACD and RSI across both weekly and monthly timeframes suggests that any upward momentum is limited.
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