SEEL price prediction for today bearish or bullish

The sentiment around Seelos Therapeutics (SEEL) is currently bearish. Here's an analysis to support this conclusion:

1. Recent Performance: SEEL has experienced a significant decline, with a 1-week percentage change of -48.38% and a 1-month percentage change of -99.93%. This indicates a strong bearish trend in the short term.

2. Technical Indicators: The stock's 5-day moving average is $0.2, and the 10-day moving average is also $0.2. The lack of a positive upward trend in these averages suggests bearish momentum.

3. Resistance and Support Levels: The resistance level is not provided, but the lack of a support level (narrow) suggests that the stock is without a strong support base, which is typically a bearish sign.

4. MACD, KDJ, and RSI: The MACD is at 0.01, indicating a very weak buying momentum. The KDJ value of 21.15 suggests the stock is in an oversold territory, which could potentially lead to a bounce back, but the RSI of 35.59 does not indicate an oversold condition.

5. Fibonacci Retracement: The 0.618 Fibonacci Retracement over the past year is $31.17, which is significantly higher than the current price, suggesting that the stock has potential to move up from a Fibonacci perspective.

6. Market Sentiment: The sentiment score for SEEL is -16.67, which indicates a negative sentiment surrounding the stock.
7. Recent Company Developments: Seelos Therapeutics has recently undergone a registered direct offering, which could be perceived as a bearish signal as it may lead to dilution. Additionally, the company has been granted extensions by the Nasdaq Hearings Panel to meet the exchange's minimum listing requirements, which has caused concerns among investors.
8. Analyst Insights: While there have been no bullish ratings, three analysts have expressed a somewhat bullish sentiment towards the company in the last quarter with a median price target of $2.00. However, these targets are significantly higher than the current price, and the average target price of $1.67 represents a decline from the previous average.
9. Historical Performance: The stock has reached a 52-week low, indicating a significant downturn over the past year. This historical performance suggests that the bearish trend has been dominant in the recent past.

In conclusion, while there is some potential for a bounce back based on the RSI and the 0.618 Fibonacci Retracement, the overall sentiment and recent performance indicate a bearish outlook for SEEL today.