Technical Momentum Shifts Amid Sideways Trend
Technical Momentum and Trend Overview
Sanstar’s price momentum has undergone a notable adjustment, with the overall technical trend transitioning from mildly bullish to sideways. This shift suggests a period of consolidation where the stock price is neither strongly advancing nor retreating, indicating indecision among market participants. The daily moving averages continue to show a mildly bullish inclination, signalling some underlying support for the stock in the short term.
However, weekly and monthly technical indicators present a more cautious outlook. The Moving Average Convergence Divergence (MACD) on the weekly chart is bearish, implying that momentum may be weakening over this timeframe. The monthly MACD does not currently…
