Based on current data is it likelier to drop more or or not?

The current data suggests that it is more likely for the price of Connexa Sports (YYAI) to drop further rather than increase. 1. **Technical Indicators**: The MACD is negative at -0.23, which typically indicates a bearish trend. The RSI is also low at 20.55, suggesting that the stock is oversold. An oversold condition can sometimes indicate a potential reversal or a drop in price. 2. **Moving Averages**: The stock is trading below its 5-day and 10-day moving averages of $6.22 and $6.66, respectively. This is a bearish signal as it indicates that the stock is currently declining. 3. **Support and Resistance Levels**: The current support level is at $5.9, and the resistance level is at $6.1. The stock is closer to the support level, which could indicate a potential breakdown and further decline in price. 4. **Recent Performance**: The stock has experienced a significant drop of 91.59% over the past year. This indicates a strong bearish trend that may continue. In conclusion, while there is some positive momentum with a recent percentage change of 5.18%, the overall technical indicators and recent performance suggest that it is more likely for the price of YYAI to drop further in the short term.