Is Trio Petroleum Corp. technically bullish or bearish?
As of April 12, 2024, Trio Petroleum Corp. exhibits a mildly bearish trend driven by daily moving averages, despite mixed signals from weekly indicators and neutral readings from RSI and Bollinger Bands.
As of 12 April 2024, the technical trend for Trio Petroleum Corp. has changed from sideways to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish trend. While the weekly MACD and KST show mildly bullish signals, they are overshadowed by the overall bearish sentiment from the daily indicators. The RSI and Bollinger Bands are neutral, showing no strong signals in either direction. Dow Theory presents a mixed view with a mildly bullish weekly perspective but a mildly bearish monthly outlook. Overall, the strength of the bearish stance is moderate, reflecting the recent trend change and daily moving averages.
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