Technical Momentum Shifts and Market Assessment
Technical Momentum and Trend Overview
Astral’s price momentum has undergone a discernible shift, with the overall technical trend moving from mildly bullish to sideways. This change is underscored by the behaviour of key indicators across different timeframes. The Moving Average Convergence Divergence (MACD) indicator, a widely used momentum oscillator, shows bearish signals on both weekly and monthly charts. This suggests that the underlying momentum has softened over the medium to longer term, despite some short-term resilience.
The Relative Strength Index (RSI), another momentum indicator, currently does not signal any clear overbought or oversold conditions on weekly or monthly scales. This neutral stance indicates that Astral’s…
