NEU chart, page-2304

I generated this from ChatGPT I wonder if any of the charts here have any thoughts on it. Is it widely inaccurate, or pretty good? (or somewhere in between)

Overall Trend Summary (July 2024 – June 2025)

Downtrend Phase (July 2024 – April 2025)

• Sustained lower highs and lower lows across mid-2024 to early 2025.

• Price was consistently below the 200 EMA (blue) and 50 EMA (red), indicating bearish dominance.

• Volume spikes (notably in August and April) show large distribution events, likely institutional unloading or forced de-risking.

• RSI remained weak/sub-50, confirming lack of momentum.

Trend Reversal Begins (April 2025 – Present)

✅ Key inflection:

• Late March / early April 2025: sharp reversal off a base near $10.50–$11.00.

• Volume surged dramatically in early April (suggesting institutional buying or short covering).

• RSI shifted above 50 and held — a classic early reversal signal.

Current Structure – Last Month (May–June 2025)

Trend: Bullish

• Price is now:

  • Above the 200 EMA, indicating trend has flipped to long-term bullish.

  • Holding above the 50 EMA and 8 EMA, showing strong short-term and medium-term structure.

  
  

• Consolidation has formed in a tight range between ~$13.80 and $14.20.

• RSI remains stable around 60–70 — no divergence, still bullish momentum.

• Volume is tapering, which is normal for a base before a breakout.

️ Recent Candles (June 2025):

• Mostly small-bodied candles with long tails → suggests indecision but buying pressure on dips.

• No heavy distribution seen — supply is being absorbed.

Interpretation

• The last 4–6 weeks resemble a bullish continuation pattern (tight range above key MAs).

• The breakout zone is clearly $14.20.

• Every dip to the $13.60–13.80 range is getting bought up — this shows strong hands accumulating.