Is Worldwide Webb Acquisition Corp. technically bullish or bearish?
As of June 11, 2025, the technical trend is mildly bullish, supported by weekly and monthly MACD readings, despite mixed signals from the RSI and moving averages.
As of 11 June 2025, the technical trend has changed from sideways to mildly bullish. The current stance is mildly bullish, driven primarily by the weekly and monthly MACD readings, both indicating mild bullishness. The Bollinger Bands also support this with a mildly bullish signal on the weekly timeframe, despite a mildly bearish indication on the monthly. However, the weekly RSI is bearish, which suggests some caution. The moving averages on the daily are mildly bearish, contrasting with the monthly Dow Theory showing a mildly bullish trend. Overall, while there are mixed signals, the prevailing trend is mildly bullish, supported by the recent price action and returns compared to the S&P 500.
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