Technical Momentum Shifts Signal Bearish Trends
Technical Momentum and Trend Overview
The technical trend for Skipper has transitioned from mildly bearish to a more pronounced bearish stance. This shift is evident across multiple timeframes and indicators. The Moving Average Convergence Divergence (MACD) on the weekly chart is firmly bearish, while the monthly MACD remains mildly bearish, suggesting that the downward momentum is more immediate but longer-term signals are still somewhat subdued.
The Relative Strength Index (RSI), a momentum oscillator, currently shows no clear signal on both weekly and monthly charts. This neutrality in RSI indicates that the stock is neither overbought nor oversold, which could imply a potential for further directional movement depending on other…
