Is Sitio Royalties Corp. technically bullish or bearish?
As of June 2, 2025, the market trend is mildly bearish, supported by daily moving averages and mixed signals from MACD and Bollinger Bands across different time frames.
As of 2 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 a bearish outlook. The weekly MACD shows a mildly bullish signal, but the monthly MACD remains bearish, suggesting mixed signals across different time frames. The Bollinger Bands on the weekly chart are sideways, while the monthly view is mildly bearish, reinforcing the overall bearish sentiment. Additionally, the Dow Theory indicates a mildly bearish stance on both weekly and monthly charts. Overall, the strength of the bearish sentiment is moderate, with some conflicting indicators present.
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