Chart So far it appears to be trying to establish a base. Riding the top of support level established in Februrary. As the consolidation extends at this level support only gets stronger.
What it says is those holding are not as willing to sell, Volume has dropped significantly. And the shares from those who do sell are being scooped up by investors who see value and either want in or wish to add.
Viewing the respective indicators.
RSI 14 has dipped below 30 entering oversold territory
MACD widened the gap from its E 9 day average Also saying price is in oversold condition.
My favorite Indicator TSV (Time Segmented Volume)
Which uses recent, Volume of buy / Sell and price movement. Then compares it with previous Segments of the same has rose above it's 50% moving Aveage in 18, 26 and 38 day time frames. Certainly indicating bottom strength is building.
Hope has no influence in the markets. So I'll just say it is my desire it continues.
Indicators are like Polls On average they are Right more times than not. But periodically they do make mistakes.