Technical Momentum Shift and Market Assessment
Technical Trend Overview
The recent transition in EIH .’s price momentum is underscored by a change in its technical trend from sideways to mildly bullish. This shift suggests a tentative positive tilt in market perception, although the broader technical landscape remains mixed. The daily moving averages indicate a mildly bullish posture, signalling that short-term price movements are gaining some upward traction. However, weekly and monthly indicators present a more cautious picture, with several oscillators and trend-following tools reflecting subdued or bearish tendencies.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum tool, shows mildly bearish signals on both weekly and…
