Technical Momentum and Market Assessment
Technical Momentum and Indicator Overview
The technical trend for Kross has moved from a bearish stance to a mildly bearish outlook, signalling a subtle change in market sentiment. On a weekly basis, the Moving Average Convergence Divergence (MACD) remains bearish, indicating that the short-term momentum is still under pressure. However, monthly MACD data is not signalling a definitive trend, suggesting a period of consolidation or indecision among investors.
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, implying that the stock is neither overbought nor oversold at present. This neutral RSI reading aligns with the observed mild bearishness in other technical parameters, reflecting a…
