Neutral/Negative Catalysts
- Bearish momentum is actively worsening (MACD histogram below zero and expanding negatively).
- Price is below the pivot (7.545), meaning the stock is trading in a technically weaker zone.
- If 5.888 support fails, the next notable downside level is ~4.863 (S2), creating an unfavorable risk profile for an immediate entry.
- Broader market is down (S&P 500 -0.68%), which can pressure weaker charts further.