Technical Momentum and Market Returns Reviewed
Technical Momentum and Indicator Overview
The technical trend for Alembic has transitioned from a bearish stance to a mildly bearish one, signalling a subtle change in market sentiment. On a weekly basis, the Moving Average Convergence Divergence (MACD) indicator suggests a mildly bullish momentum, indicating some upward pressure in price movement over the short term. Conversely, the monthly MACD reading remains mildly bearish, reflecting a more cautious outlook over a longer horizon.
The Relative Strength Index (RSI) presents a mixed picture: the weekly RSI does not currently signal a definitive trend, while the monthly RSI leans towards a bullish indication. This divergence suggests that while short-term momentum may be uncertain, the…
