Is Prime Medicine, Inc. technically bullish or bearish?
As of May 9, 2024, the market trend is mildly bearish, influenced by daily moving averages and weekly RSI, though weekly MACD and Bollinger Bands suggest some bullish conditions, leading to a cautious overall sentiment.
As of 9 May 2024, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish outlook and the weekly RSI showing bearish momentum. The weekly MACD is mildly bullish, providing some counterbalance, while the Bollinger Bands on the weekly chart suggest bullish conditions. However, the overall sentiment remains cautious due to the bearish signals from the KST and Dow Theory on the monthly timeframe.
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