Is Viracta Therapeutics, Inc. technically bullish or bearish?
As of June 9, 2025, the market trend is mildly bearish, indicated by daily moving averages and weekly Bollinger Bands, despite some bullish signals from the MACD and RSI, reflecting overall weakness compared to the S&P 500.
As of 9 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish sentiment and the weekly Bollinger Bands also showing a mildly bearish trend. While the MACD is mildly bullish on both weekly and monthly time frames, the overall bearish indicators, including the daily moving averages and the KST being bearish on the monthly, suggest weakness in the current price action. The RSI shows bullish momentum on the monthly but lacks clarity on the weekly. Overall, the strength of the bearish stance is moderate, influenced by recent poor performance relative to the S&P 500 across multiple time frames.
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