Technical Momentum Shifts Amid Mixed Market Signals
Technical Momentum and Trend Overview
HMT’s technical trend has transitioned from mildly bearish to a more pronounced bearish stance, signalling a shift in market sentiment. The daily moving averages currently indicate a bearish pattern, suggesting that short-term price momentum is under pressure. This is corroborated by the weekly and monthly Moving Average Convergence Divergence (MACD) indicators, which show bearish and mildly bearish readings respectively. The MACD’s positioning below its signal line on the weekly chart points to sustained downward momentum, while the monthly chart’s mildly bearish tone suggests a more gradual weakening over the longer term.
The Relative Strength Index (RSI) on both weekly and monthly timeframes…
