Technical Momentum Shifts and Market Assessment
Technical Momentum and Trend Analysis
Astral’s technical trend has shifted from a mildly bearish stance to a sideways movement, indicating a period of consolidation after previous downward pressures. The daily moving averages suggest a mildly bullish inclination, signalling some short-term positive momentum. However, this is contrasted by weekly and monthly indicators that present a more nuanced picture.
The Moving Average Convergence Divergence (MACD) remains bearish on both weekly and monthly charts, implying that the underlying momentum has yet to fully reverse. This divergence between short-term moving averages and longer-term momentum indicators suggests that while there may be pockets of buying interest, the broader trend remains…
