Neutral/Negative Catalysts
- Momentum cooling (MACD histogram contracting) raises the chance of consolidation near resistance.
- Market backdrop: pre-market S&P 500 down ~0.75%, which can cap early upside.
- Fund flows: Hedge funds and insiders show neutral activity (no strong “smart money” confirmation).
- Profitability deterioration in the latest reported quarter can weigh on sentiment if investors refocus on earnings quality.