Is NewAmsterdam Pharma Co. NV technically bullish or bearish?
As of May 10, 2024, the trend is mildly bullish due to positive weekly MACD and KST indicators, but caution is advised due to bearish daily moving averages and mixed signals from Bollinger Bands and Dow Theory.
As of 10 May 2024, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly MACD and KST indicators, which both show mild bullish momentum. However, the daily moving averages indicate a bearish trend, and the Bollinger Bands and Dow Theory present mixed signals with a mildly bearish outlook on the weekly timeframe. Overall, while there are some bullish indicators, the presence of bearish signals in other areas suggests caution.
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