Technical Momentum Shifts Amidst Market Volatility
Technical Trend Overview
The recent revision in CWD’s evaluation metrics highlights a transition from a mildly bullish to a more pronounced bullish technical trend. This shift is underscored by the alignment of several key indicators across different timeframes. On a weekly basis, the Moving Average Convergence Divergence (MACD) remains bullish, signalling sustained upward momentum. This is complemented by the monthly MACD also maintaining a bullish stance, suggesting that the longer-term trend continues to favour the stock.
However, the Relative Strength Index (RSI) presents a more nuanced picture. While the weekly RSI does not currently emit a definitive signal, the monthly RSI indicates bearish tendencies. This divergence between…
