Is Selina Hospitality Plc technically bullish or bearish?
As of April 10, 2024, the market trend is mildly bearish due to daily moving averages indicating a bearish trend, despite a mildly bullish weekly MACD and a bearish monthly RSI, with mixed signals suggesting sideways movement.
As of 10 April 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 trend. While the weekly MACD shows a mildly bullish signal, the monthly RSI remains bearish, suggesting weakness in momentum over a longer time frame. The Bollinger Bands and Dow Theory indicate a sideways movement with no clear trend, further supporting the neutral to mildly bearish outlook. Overall, the mixed signals across different time frames contribute to the mildly bearish stance.
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