Is Ovid Therapeutics, Inc. technically bullish or bearish?

Jun 25 2025 08:35 AM IST
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As of June 2, 2025, the market trend is mildly bearish, with mixed signals from indicators like the MACD, RSI, and moving averages, suggesting caution in the near term.
As of 2 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by a combination of indicators. The weekly MACD is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The RSI shows no signal on the weekly chart while being bullish on the monthly, suggesting potential for upward movement but lacking confirmation. The daily moving averages are bearish, reinforcing the overall negative sentiment. Bollinger Bands are bearish on the weekly and mildly bearish on the monthly, indicating price weakness. Dow Theory shows no trend on the weekly and bearish on the monthly, further supporting a cautious outlook. Overall, the indicators reflect a mildly bearish stance with some conflicting signals that suggest caution in the near term.
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