Trend: Weekly chart shows a strong downtrend since the 2024 peak. Price is struggling below major moving averages (EMA cluster overhead).
Support: 44- $45 is key structural support. A deeper breakdown opens risk toward $30.
Resistance: Upside hurdles at $55 and $63 before any trend reversal can be considered.
Momentum: RSI near 38, hovering above oversold but weak. No clear bullish divergence yet.
Bias: Stock needs to reclaim $63.74 for a sustainable bounce. Failure to hold $43-45 support could accelerate downside.
For now, bearish bias remains dominant, with risk of lower lows if support cracks. Bulls need a strong bounce above $55+ to confirm reversal potential.
Support: 44- $45 is key structural support. A deeper breakdown opens risk toward $30.
Resistance: Upside hurdles at $55 and $63 before any trend reversal can be considered.
Momentum: RSI near 38, hovering above oversold but weak. No clear bullish divergence yet.
Bias: Stock needs to reclaim $63.74 for a sustainable bounce. Failure to hold $43-45 support could accelerate downside.
For now, bearish bias remains dominant, with risk of lower lows if support cracks. Bulls need a strong bounce above $55+ to confirm reversal potential.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.