With price anchored above the 20-day moving average (64,253), the short-term trend channel favours continuation higher. With RSI at 67, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.

No significant recent moving average crosses.

RSI at 67.4 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Volume trend is balanced, showing no decisive edge for either buyers or sellers.

Higher Highs and Higher Lows (Uptrend Structure)

The 20-day SMA at 7,966 continues to act as dynamic support — price remains above it, reinforcing upside bias. Momentum holds constructive at 57 — firmly in bullish territory with room to run before the tape gets stretched. The MACD reading is bearish — histogram below zero and expanding, suggesting selling pressure has momentum behind it. Low-conviction tape — volume at 0.7x average means the move lacks the sponsorship for sustained follow-through.

No significant recent moving average crosses.

RSI at 57.1 is well within the neutral zone, showing balanced momentum without extreme conditions.

MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.

Higher Highs and Higher Lows (Uptrend Structure)