Technical Momentum and Market Performance Review
Technical Momentum and Indicator Overview
The technical trend for Kross has transitioned from a clearly bearish stance to a mildly bearish one, 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 lack of strong directional momentum over the longer term.
The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, shows no clear signal on both weekly and monthly charts. This absence of RSI confirmation points to a neutral momentum environment, where neither overbought…
