Is slgl bullish now?

**Sol-Gel Technologies (SLGL) is not currently forming a bullish pattern**. In fact, the stock is showing signs of potential bearishness:

1. **Recent Price Movement**: SLGL's stock price has experienced a significant drop of 31% over the last thirty days, which indicates a bearish trend.
2. **Technical Indicators**: The stock's technical indicators, such as the MACD, RSI, and KDJ, suggest that the stock may be overbought or due for a pullback. The Bollinger Bands are also indicating a potential price drop, with the stock trading close to the upper band.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|SLGL|SLGL.O|Sol-gel|20250417|14.791666666666682|186|

|code|Ticker|Name|Date|bollinger upper band|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|---|
|SLGL|SLGL.O|Sol-gel|20250416|0.5983|53.9094|73.8694|0.0083|186|

3. **Market Sentiment**: The consensus rating for SLGL is "Neutral" with a "Bearish" sentiment, indicating that analysts are not optimistic about the stock's future performance.
4. **Strategic Moves**: Although SLGL has secured a licensing deal with Mayne Pharma, the company's focus on refocusing its efforts on advancing its innovative pipeline rather than a direct bullish signal.
5. **Financial Position**: SLGL is facing a cash burn problem, with a negative free cash flow and a history of cash burn. The company's financial position is also under pressure, with a negative net margin and a negative return on equity.

In conclusion, despite the recent positive news about the licensing deal, the overall sentiment and technical indicators suggest that SLGL is not currently forming a bullish pattern. Investors should exercise caution and consider these factors before making any investment decisions regarding SLGL.