Is Aquaron Acquisition Corp. technically bullish or bearish?

As of 11 June 2025, the technical trend for Aquaron Acquisition Corp. has changed from sideways to mildly bearish. The weekly MACD is bullish, but the Dow Theory indicates a bearish stance on both weekly and monthly time frames. Bollinger Bands are showing a mildly bearish signal on both weekly and monthly periods. Daily moving averages are mildly bullish, which contrasts with the overall bearish indicators. The stock has underperformed the S&P 500 across multiple periods, with a 1-month return of -8.62% compared to the S&P 500's 2.33%, and a year-to-date return of -12.32% versus the S&P 500's 12.22%. Overall, the current technical stance is mildly bearish.