Is K Wave Media Ltd. technically bullish or bearish?
As of October 1, 2023, K Wave Media Ltd. has a bearish technical stance with mild strength, showing significant underperformance with a year-to-date return of -80.5% compared to the S&P 500's 12.22%.
As of 1 October 2023, the technical stance for K Wave Media Ltd. is bearish with mild strength. The weekly MACD indicates a mildly bullish trend, but the monthly MACD is bearish, and the moving averages on a daily basis are also bearish. The RSI shows a bullish signal on the monthly timeframe but no signal on the weekly. Bollinger Bands and KST are both mildly bearish on the weekly and monthly, while the OBV is mildly bearish on the monthly. In terms of performance, K Wave Media has significantly underperformed the S&P 500, with a year-to-date return of -80.5% compared to the S&P's 12.22%. Over the past year, the stock has declined by 78.75%, while the S&P 500 has gained 17.14%.
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