Is Plug Power, Inc. technically bullish or bearish?
As of June 6, 2025, the market trend is mildly bearish, influenced by bearish daily moving averages and Bollinger Bands, despite some underlying strength indicated by the weekly MACD and KST.
As of 6 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating a bearish position and Bollinger Bands reflecting a bearish trend on the weekly timeframe. However, the weekly MACD and KST are mildly bullish, suggesting some underlying strength. The Dow Theory shows a mixed signal with a mildly bullish weekly stance but a mildly bearish monthly outlook. Overall, while there are some bullish indicators, the prevailing sentiment remains mildly bearish due to the weight of the moving averages and Bollinger Bands.
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