MACD : * The MACD line is below the signal line, indicating a bearish trend. * A potential bearish crossover might occur soon, which could signal further downward pressure.
RSI : * The RSI is below 30, suggesting the stock is oversold. This could indicate a potential rebound. * However, a sustained period below 30 could signal a stronger downtrend.
Combined Interpretation: Both indicators are currently pointing to a bearish trend. However, the oversold RSI suggests that a short-term rebound might be possible.
Remember: * Technical indicators are tools to aid analysis, not definitive predictors. * Market conditions can change rapidly. * Always consult with a financial advisor for personalized advice.
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