Is Scilex Holding Co. technically bullish or bearish?
As of June 20, 2025, the market trend is mildly bearish, influenced by daily moving averages and tempered by mixed signals from weekly indicators, despite some bullish momentum in the RSI.
As of 20 June 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 weekly Bollinger Bands and Dow Theory both signaling mildly bearish trends. The RSI on the weekly timeframe is bullish, but the monthly indicators show no clear signal, contributing to a mixed outlook. Overall, the strength of the bearish sentiment remains moderate, influenced by the recent price action and broader market comparisons.
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