Technical Momentum and Market Trends in E-Retail Sector
Technical Momentum and Indicator Overview
The recent assessment of Eternal’s technical parameters reveals a nuanced picture. The Moving Average Convergence Divergence (MACD) indicator remains mildly bearish on both weekly and monthly timeframes, suggesting that the underlying momentum has not yet decisively turned positive. However, the Relative Strength Index (RSI) does not currently signal any clear momentum, indicating a neutral stance in terms of overbought or oversold conditions on both weekly and monthly charts.
Bollinger Bands present a mixed scenario: mildly bearish on the weekly scale but mildly bullish on the monthly scale. This divergence points to short-term price consolidation with potential for longer-term upward movement….
