$WLD

Moving Averages:

200-period SMA (15m Chart): Positioned around 2.39, while the current price is approximately 2.17. The price is below the 200 SMA, which suggests a bearish short-term outlook. Remaining under this moving average could signal continued downward pressure.

Relative Strength Index (RSI):

Current RSI (15m Chart): Approximately 33.61, which is near the oversold zone. This indicates that there has been significant selling pressure, and the price could be approaching a potential reversal point or stabilizing level.

Moving Average Convergence Divergence (MACD):

MACD Line: -0.055Signal Line: -0.056Status: The MACD line is slightly below the signal line, reflecting bearish momentum. The histogram is also negative, suggesting that the downward trend might continue unless a strong support is found near current levels.

Support and Resistance Levels:

Immediate Support: Around 2.15, which is close to the recent price action and could act as a stabilizing level.Local Resistance: Around 2.30, which aligns with the 200 SMA and could act as resistance if the price attempts to recover.

Bullish/Bearish Scenarios:

Bullish Scenario:

Rebound Above 2.15 Support: If the price holds above this support level and volume supports a recovery, there may be potential for a move back toward the 2.30 resistance.

Bearish Scenario:

Break Below 2.15 Support: If the price fails to hold this level and the bearish momentum continues, a further decline toward lower support levels could be expected.