1. Bollinger Bands (BOLL):
• The price is closer to the middle line (MB), indicating relative calm in the market.
• The upper boundary (UP) is at $37.24, and the lower (DN) is at $32.12. This may indicate a potential narrowing of the range preceding an increase in volatility.
2. MACD:
• DIF: -0.67, DEA: -0.88 — the negative value indicates a downward trend.
• The MACD histogram is positive but weak. This suggests a probable beginning of consolidation.
3. RSI:
• At level 46 (closer to the neutral zone). Indicates the absence of overbought or oversold conditions.
4. Stochastic RSI:
• High values (83.05) indicate local overbought conditions, a short-term correction is possible.
Recommendations:
• Short-term strategy:
If the price reaches the lower boundary of the Bollinger Bands ($32), one may consider buying as an upward pullback is possible. If it breaks $37, this will be a signal to enter on the breakout level.
• Risks:
Support level is $32. If it is broken, further decline to $27.25 is possible.