Is Lichen China Ltd. technically bullish or bearish?
As of June 11, 2025, the market trend is mildly bearish, supported by bearish daily moving averages, a bearish KST, and Bollinger Bands indicating price pressure, despite a mildly bullish MACD on the weekly.
As of 11 June 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD on a weekly basis is mildly bullish, but the monthly shows no signal, indicating weakening momentum. The Bollinger Bands are signaling mildly bearish on the weekly and bearish on the monthly, suggesting price pressure. Daily moving averages are bearish, reinforcing the negative outlook. The KST is bearish on the weekly, and Dow Theory indicates a mildly bearish trend on the weekly with no trend on the monthly. Overall, the combination of these indicators points to a mildly bearish sentiment in the current market environment.
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