Technical Momentum Shift and Market Performance Review
Technical Momentum and Indicator Overview
The latest technical assessment of EPL reveals a nuanced picture. The Moving Average Convergence Divergence (MACD) indicator remains bearish on a weekly basis, while the monthly MACD suggests a mildly bearish tone. This divergence between timeframes indicates that while short-term momentum retains some downward pressure, longer-term trends are showing signs of stabilisation.
The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, currently does not signal any definitive trend on either weekly or monthly charts. This absence of a clear RSI signal suggests that EPL’s price momentum is neither overbought nor oversold, reflecting a period of…
