Is Monterey Capital Acquisition Corp. technically bullish or bearish?
2025-09-20 20:24:05As of 28 May 2025, the technical trend for Monterey Capital Acquisition Corp. has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, while the monthly MACD is also mildly bullish, indicating some positive momentum. However, the daily moving averages remain bearish, and the Bollinger Bands show a sideways trend on the weekly and mildly bearish on the monthly. The KST is mildly bullish on the weekly, but there is no signal on the monthly. The OBV is mildly bullish weekly but mildly bearish monthly, suggesting mixed signals. In terms of performance, the stock has significantly underperformed compared to the S&P 500, with a year-to-date return of -99.17% versus the S&P's 12.22%, and a one-year return of -99.0% compared to the S&P's 17.14%. Overall, the current stance is mildly bearish, driven by the bearish daily moving averages and mixed signals from other indicators....
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