Is Phoenix Biotech Acquisition Corp. technically bullish or bearish?
2025-09-20 20:18:02As of 28 July 2025, the technical trend for Phoenix Biotech Acquisition Corp. has changed from mildly bearish to mildly bullish. The weekly MACD indicates a mildly bullish stance, while the daily moving averages also support this bullish outlook. However, the monthly RSI remains bearish, and the Bollinger Bands and KST show bearish signals on both weekly and monthly time frames. Dow Theory suggests a mildly bullish trend on the monthly chart, but the overall indicators present mixed signals. In terms of performance, the stock has underperformed significantly compared to the S&P 500 across multiple periods, with a 1-month return of -38.3% versus the S&P 500's 2.33%, and a 1-year return of -32.96% compared to the S&P 500's 17.14%. Overall, the current technical stance is mildly bullish, but caution is warranted due to the mixed indicators and poor relative performance....
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