Is Six Flags Entertainment Corp. technically bullish or bearish?
As of October 1, 2023, Six Flags Entertainment Corp. has a bearish technical stance with multiple bearish signals, underperforming the S&P 500 significantly with a year-to-date return of -52.67%.
As of 1 October 2023, the technical stance for Six Flags Entertainment Corp. is bearish, with a moderate strength indicated by multiple bearish signals across various time frames. The MACD is bearish on both weekly and monthly charts, while the Bollinger Bands and KST also reflect bearish trends. The daily moving averages confirm a bearish outlook. The RSI shows a bullish signal on the weekly but no signal on the monthly, indicating mixed momentum. Dow Theory suggests a mildly bearish stance on the monthly timeframe. In terms of performance, Six Flags has underperformed the S&P 500 significantly across multiple periods, with a year-to-date return of -52.67% compared to the S&P 500's 12.22%.
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