Neutral/Negative Catalysts
- Momentum deterioration: MACD histogram below zero and expanding negative increases odds of further near-term downside/chop.
- Price is below the key pivot (22.38), which often acts as a decision line; failure to reclaim it can cap rallies.
- No near-term catalysts in news flow (no event-driven reason for an immediate rerating).
- Sentiment/positioning signals: hedge funds neutral; insiders neutral (no confidence signal from buying).