Is Perception Capital Corp. II technically bullish or bearish?
As of January 21, 2025, the technical trend is mildly bearish, indicated by mixed signals from the MACD and overall bearish indicators in longer time frames, despite a mildly bullish MACD on weekly and monthly charts.
As of 21 January 2025, the technical trend has changed from bearish to mildly bearish. The current technical stance is mildly bearish, driven by a combination of indicators. The MACD shows a mildly bullish signal on both weekly and monthly time frames, but the RSI indicates a bearish stance on the monthly level. Bollinger Bands are also mildly bearish on both weekly and monthly charts. Daily moving averages further support a mildly bearish outlook. KST is bearish on the weekly but neutral on the monthly, while Dow Theory shows no trend in both time frames. Overall, the strength of the bearish sentiment is moderate, influenced by the mixed signals from the MACD and the overall bearish indicators in the longer time frames.
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