Is Plutonian Acquisition Corp. technically bullish or bearish?
As of May 7, 2025, the market trend is mildly bearish, influenced by daily moving averages and weekly Bollinger Bands, despite a mildly bullish MACD and a bullish OBV on a monthly basis.
As of 7 May 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating bearish momentum and the weekly Bollinger Bands also showing bearish characteristics. The MACD on a weekly basis is mildly bullish, which provides some counterbalance, but overall, the lack of strong signals from the RSI and Dow Theory suggests a weak trend. The OBV on a monthly basis is bullish, but this is not enough to shift the overall sentiment.
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