Is Hydrofarm Holdings Group, Inc. technically bullish or bearish?
As of April 11, 2024, Hydrofarm Holdings Group, Inc. is in a mildly bearish trend, indicated by daily moving averages, while weekly and monthly indicators present mixed signals, suggesting a cautious outlook.
As of 11 April 2024, the technical trend for Hydrofarm Holdings Group, Inc. has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish trend. While the weekly MACD and KST show a mildly bullish signal, the monthly indicators present a mixed picture with the Bollinger Bands and KST suggesting bearishness. The RSI shows no signal in both weekly and monthly time frames, indicating a lack of momentum. Overall, the combination of daily bearish moving averages and mixed signals from other indicators suggests a cautious outlook.
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