Is Houston American Energy Corp. technically bullish or bearish?
As of June 18, 2025, the market trend is mildly bullish overall, supported by weekly indicators like the MACD and KST, but caution is advised due to a bearish RSI and daily moving averages.
As of 18 June 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish overall, driven by the weekly MACD and Bollinger Bands indicating bullish momentum. However, the weekly RSI is bearish, suggesting some weakness in momentum. The daily moving averages are mildly bearish, which contrasts with the weekly indicators. The KST is mildly bullish on both weekly and monthly time frames, while the Dow Theory shows a mildly bullish weekly stance but bearish monthly outlook. Overall, the mixed signals indicate a mildly bullish sentiment, but caution is warranted due to the bearish RSI and daily moving averages.
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