Stem stock jumps 21.94%, but stays below all three daily EMAs

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. Hourly RSI14 is 60.08, above neutral 50, with an hourly MACD histogram of 0.06. The daily pivot for the next session is $2.98 , with first resistance at $3.19 and first support at $2.67.

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