Technical Momentum Shifts and Market Performance Insights
Technical Momentum and Indicator Overview
The technical trend for Astral has transitioned from a bullish stance to a mildly bullish one, reflecting a subtle change in market dynamics. On a weekly basis, the Moving Average Convergence Divergence (MACD) indicator remains bullish, signalling that short-term momentum retains strength. However, the monthly MACD presents a bearish tone, suggesting that longer-term momentum may be under pressure.
The Relative Strength Index (RSI) offers a mixed perspective: weekly readings do not currently provide a clear signal, while the monthly RSI indicates bullish conditions. This divergence between short- and long-term RSI readings highlights a potential consolidation phase or a pause in momentum…
