The RSI is signaling oversold conditions at just over 30.
The stock is hovering near multi-year lows despite having done well fundamentally. There could be a rally in the cards in the near future.
If long-term support is broken amid a sustained selloff, however, there might still be some pain before bottoming out. Closing well below $15 for a few weeks in a row could signal decreased confidence in M. All things considered, a rally from the lows looks more likely. If nothing else, expect a period of consolidation to form around the present support level of $15.
I'm rating this as neutral even though I'm bullish because the downward trend is so strong that it's possible to continue trending lower beyond the long-term support.
The stock is hovering near multi-year lows despite having done well fundamentally. There could be a rally in the cards in the near future.
If long-term support is broken amid a sustained selloff, however, there might still be some pain before bottoming out. Closing well below $15 for a few weeks in a row could signal decreased confidence in M. All things considered, a rally from the lows looks more likely. If nothing else, expect a period of consolidation to form around the present support level of $15.
I'm rating this as neutral even though I'm bullish because the downward trend is so strong that it's possible to continue trending lower beyond the long-term support.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.