Is Integrated Rail & Resources Acquisition Corp. technically bullish or bearish?
As of March 18, 2024, Integrated Rail & Resources Acquisition Corp. shows a mildly bullish trend with positive MACD and daily moving averages, despite mixed signals from RSI, and has outperformed the S&P 500 year-to-date with a 69.83% return.
As of 18 March 2024, the technical trend for Integrated Rail & Resources Acquisition Corp. has changed from sideways to mildly bullish. The weekly MACD is bullish, while the monthly MACD is also bullish, indicating positive momentum. However, the weekly and monthly RSI readings are bearish, suggesting some weakness in the short-term. The Bollinger Bands show a mildly bullish stance on both weekly and monthly time frames. Daily moving averages are bullish, supporting the overall positive trend. Despite the mixed signals, the company has performed well year-to-date with a return of 69.83%, significantly outperforming the S&P 500's 12.22% during the same period. Overall, the current technical stance is mildly bullish, driven primarily by the bullish MACD and daily moving averages.
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