Is Metropolitan Bank Holding Corp. technically bullish or bearish?
As of April 19, 2024, the market trend is mildly bearish despite short-term bullish signals from daily moving averages and weekly indicators, with overall sentiment reflecting a lack of strong momentum on the monthly timeframe.
As of 19 April 2024, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the trend change noted. The weekly MACD, Bollinger Bands, and KST are all bullish, indicating potential upward momentum, while the monthly indicators show a lack of strong signals. The daily moving averages are bullish, suggesting short-term strength. However, the Dow Theory indicates a mildly bullish stance on the weekly timeframe, with no clear trend on the monthly. Overall, while there are bullish signals in the shorter time frames, the overall sentiment remains mildly bearish.
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