Is Mercato Partners Acquisition Corp. technically bullish or bearish?
As of May 5, 2025, the trend is mildly bearish due to mixed signals from indicators like the MACD, RSI, and moving averages, suggesting limited upward momentum and notable downward pressure compared to the S&P 500.
As of 5 May 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the weekly MACD indicating mild bullishness, while the RSI is bearish and moving averages on the daily timeframe are bearish. The Bollinger Bands and KST are also bearish on the weekly timeframe. Dow Theory shows a mixed signal with mildly bearish on the weekly and mildly bullish on the monthly. Overall, the indicators suggest a lack of strong upward momentum, with significant downward pressure evident in the recent performance compared to the S&P 500.
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