Is Ares Acquisition Corp. II technically bullish or bearish?

As of 24 October 2025, the technical trend for Ares Acquisition Corp. II has changed from mildly bearish to bearish. The current stance is bearish with moderate strength, driven by a bearish MACD on the weekly timeframe and bearish moving averages on the daily timeframe. The Bollinger Bands indicate a mildly bearish trend, while the Dow Theory shows a conflicting mildly bullish signal on the weekly but bearish on the monthly. The stock has underperformed significantly against the S&P 500, with a year-to-date return of -23.68% compared to the S&P 500's 15.47%.