Is Spring Valley Acquisition Corp. II technically bullish or bearish?
As of May 12, 2025, the market trend is bullish, supported by daily moving averages and a bullish weekly MACD, although mixed signals from other indicators like RSI and OBV suggest caution.
As of 12 May 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with a strong indication from the daily moving averages. The weekly MACD is also bullish, supporting the overall positive outlook. Bollinger Bands on the weekly and monthly time frames are mildly bullish, indicating potential upward momentum. However, the RSI shows no signal on both weekly and monthly charts, suggesting a lack of overbought or oversold conditions. KST is bullish on the weekly, but there are no trends indicated by Dow Theory or OBV. Overall, the strength of the bullish stance is reinforced by the daily moving averages and weekly MACD, despite some mixed signals in other indicators.
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