Is Metal Sky Star Acquisition Corp. technically bullish or bearish?
As of May 3, 2024, Metal Sky Star Acquisition Corp. shows a bullish trend overall, despite mixed signals from weekly indicators, having outperformed the S&P 500 recently but underperformed year-to-date and over three years.
As of 3 May 2024, the technical trend for Metal Sky Star Acquisition Corp. has changed from mildly bullish to bullish. The daily moving averages indicate a bullish stance, while the monthly RSI is also bullish. However, the weekly MACD and Bollinger Bands are mildly bearish, and both the weekly and monthly Dow Theory are bearish. Overall, the mixed signals suggest a bullish stance but with caution due to bearish indicators in the weekly timeframe.In terms of performance, the stock has outperformed the S&P 500 over the past week and month, with returns of 17.25% compared to the S&P's 1.05% and 2.33%, respectively. However, it has underperformed on a year-to-date basis and over the longer three-year period.
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