Is Sportsmap Tech Acquisition Corp. technically bullish or bearish?
As of June 9, 2025, the market trend has shifted to bearish, driven by negative signals from daily moving averages, KST, Dow Theory, and Bollinger Bands, despite some mildly bullish indications from the MACD.
As of 9 June 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with a strong indication of weakness. Key indicators driving this stance include the daily moving averages, which are bearish, and the weekly and monthly KST and Dow Theory, both indicating bearish trends. Additionally, Bollinger Bands are bearish on both weekly and monthly time frames. Despite the MACD showing mildly bullish signals on the weekly and monthly charts, the overall bearish indicators suggest a prevailing negative sentiment in the market.
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