1-hour
Support can be seen at $51.49, that was set on October 23, and there are two successive resistance points set at price points $52.36 and at $51.89.
The candles in the 1-hour chart are below the exponential moving average, indicating a bear movement. The Bollinger Bands, however, are close to each other indicating the decrease in volatility.
The Stochastic indicator has clearly crossed the signal line towards the bottom, indicating a bearish crossover.
The RSI has been at the centre for quite a while indicating the mark momentum between sell and buy is balanced.
1-day
Parabolic SAR markers are above the candles indicating a bearish pressure.
MACD line is extremely close to the signal line indicating a possible crossover to the upside.
Chaikin Money Flow indicator is going below the zero line indicating money is going out of the market which is a bearish sign.
Conclusion
In the 1-hour chart, the Bollinger bands, as well as the Stochastic lines, indicate a bearish move of the market, while the RSI indicator is at the centre indicating even buy and sell pressure. The Chaikin Money Flow indicator and Parabolic SAR, both indicate a bearish move, while the MACD is slightly bullish.
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