Is Monterey Capital Acquisition Corp. technically bullish or bearish?
As of May 6, 2024, the technical trend is bullish with mixed signals, as the weekly MACD is mildly bullish, the monthly MACD is bearish, and moving averages are bearish on the daily, while the monthly OBV shows bullish sentiment, indicating moderate strength in the bullish stance.
As of 6 May 2024, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish, albeit with mixed signals across different time frames. The weekly MACD is mildly bullish, while the monthly MACD remains bearish, indicating some divergence. The RSI shows no signal on the weekly chart but is bullish on the monthly, suggesting potential strength in the longer term. Moving averages are bearish on the daily, which contrasts with the bullish sentiment from the monthly OBV. Overall, the strength of the bullish stance is moderate, influenced by the recent trend change and the positive performance relative to the S&P 500 over the past month.
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