Short-Term Technical Analysis Arqit Quantum Inc.NASDAQ: ARQQ

📈 Key Bullish Indicators
MACD (Moving Average Convergence Divergence):
The MACD value is positive (0.329), indicating bullish momentum and suggesting a potential continuation of the upward trend.

Relative Strength Index (RSI):
With an RSI of 58.03, the stock is in a neutral zone, but the upward movement implies increasing buying pressure without being overbought.

ADX (Average Directional Index):
An ADX value of 39.65 suggests strong trend strength, reinforcing the current bullish direction.

Aroon Indicator:
An Aroon Up of 71.43 and Aroon Down of 7.14 clearly point to a strong upward trend.

Super Trend Indicator:
With a reading of 4.93, this indicator provides a mild bullish signal, supporting the positive price direction.

📊 Conclusion
The combination of these technical indicators signals a strong short-term bullish trend for ARQQ. Momentum-focused investors may view this as a buying opportunity. However, it's essential to monitor market movements closely and apply appropriate risk management strategies.