Neutral/Negative Catalysts
- Strong negative price action today (-7.74%) during a risk-off market backdrop (S&P 500 -1.28%).
- MACD bearish and worsening (negative and expanding), implying momentum is still against bulls.
- No news in the recent week to serve as an event-driven catalyst.
- Pattern-based outlook provided points to a negative next-month expectation (-12.23%).