Technical Momentum Shifts Amidst Market Challenges
Technical Momentum and Trend Overview
The technical trend for PDS has shifted from a bearish stance to a mildly bearish posture, indicating a subtle change in market sentiment. This transition suggests that while downward pressures remain, there is a tempered outlook compared to previous assessments. The daily moving averages continue to reflect a bearish environment, underscoring persistent challenges in short-term price action.
Examining the Moving Average Convergence Divergence (MACD) indicator reveals a divergence in timeframes: the weekly MACD presents a mildly bullish signal, whereas the monthly MACD remains bearish. This dichotomy points to potential short-term strength that has yet to translate into longer-term momentum,…
