Is Rain Enhancement Technologies Holdco, Inc. technically bullish or bearish?
As of October 1, 2023, Rain Enhancement Technologies Holdco, Inc. has a mildly bearish technical stance, with mixed indicators across different timeframes and significant underperformance against the S&P 500, showing a year-to-date return of -57.86% compared to the S&P 500's 12.22%.
As of 1 October 2023, the technical stance for Rain Enhancement Technologies Holdco, Inc. is bearish, with a strength that can be described as mildly bearish. The MACD indicates a mildly bullish trend on the weekly chart but is bearish on the monthly chart. The RSI shows no signal on the weekly but is bullish on the monthly. Moving averages are mildly bearish on the daily timeframe. The KST is bullish weekly but bearish monthly, while the Dow Theory shows no trend weekly and is mildly bearish monthly. Overall, the OBV is mildly bullish on both weekly and monthly charts.In terms of performance, the stock has underperformed significantly against the S&P 500 across multiple periods, with a 1-week return of -28.99% compared to the S&P 500's 1.05%, and a year-to-date return of -57.86% versus the S&P 500's 12.22%.
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