Is Phoenix Motor, Inc. technically bullish or bearish?
As of May 7, 2025, the market trend is mildly bearish, influenced by daily moving averages and Dow Theory, despite some mildly bullish signals from the weekly MACD and KST.
As of 7 May 2025, the technical trend has changed from bearish to mildly bearish. The current technical stance is mildly bearish, driven primarily by the daily moving averages indicating bearish momentum. While the weekly MACD and KST are mildly bullish, the overall sentiment is tempered by the Dow Theory and OBV both showing mildly bearish signals on a weekly basis. The RSI on the weekly chart is bullish, but the monthly RSI shows no signal, suggesting a lack of strong upward momentum. The Bollinger Bands are indicating a sideways trend in both weekly and monthly timeframes, further supporting the neutral to bearish outlook.
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