The 20-day average at 23,542 has failed as support, transitioning into resistance. Price must reclaim it to neutralize the bearish signal. The 36 RSI keeps the momentum profile in bear territory. Rallies are selling opportunities until the 50-line is recaptured. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Volume registers below average — the move lacks broad participation and is susceptible to reversal.

Bearish short-term cross (21-EMA crossed below 50-SMA) — Trend accelerating downward

RSI at 35.6 confirms strong selling momentum, though nearing oversold territory.

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

Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.

Recent volume spikes on down-days warn of active distribution and seller dominance.

Lower Highs and Lower Lows (Downtrend Structure)

The 20-day SMA (54,260) remains unbroken on the downside — bulls retain structural control of the near-term tape. Momentum at 64 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. MACD histogram remains in positive territory, underpinning the current directional move. 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 64.3 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.

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

Higher Highs and Higher Lows (Uptrend Structure)