Is Shoe Carnival, Inc. technically bullish or bearish?
As of June 2, 2025, the market trend is mildly bearish due to bearish signals from daily moving averages and Bollinger Bands, despite mixed indicators from MACD and KST.
As of 2 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearish momentum and the Bollinger Bands showing a bearish signal on both weekly and monthly time frames. The MACD is mildly bullish on a weekly basis, but bearish on a monthly basis, suggesting mixed signals. The KST aligns with this by being mildly bullish weekly but bearish monthly. Overall, the lack of strong bullish indicators and the prevailing bearish signals in key metrics contribute to the mildly bearish outlook.
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