Stem stock jumps 21.94%, but stays below all three daily EMAs
Photo: The Cryptonomist
Stem stock retains a bearish daily bias despite a 21.94% gain versus the previous close. Price remains below all three daily exponential moving averages. Meanwhile, the hourly chart offers a bullish counterweight, but not enough to establish agreement across timeframes. Key takeaways Stem closed Wednesday at $2.89, a gain of 21.94% versus the previous close, on thin volume of 43,581 shares. Price remains below the daily 20-session EMA at $3.12, 50-session EMA at $4.04, and 200-session EMA at $7.76. Daily RSI14 is 40.43, up from 25.76, now above the 30 line but below neutral 50.
Source: The Cryptonomist
