Is Banyan Acquisition Corp. technically bullish or bearish?
As of June 10, 2025, Banyan Acquisition Corp. is in a mildly bearish trend, indicated by daily moving averages and weekly KST signals, despite some bullish signs from the MACD and RSI.
As of 10 June 2025, the technical trend for Banyan Acquisition Corp. has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish sentiment and the weekly KST showing a bearish signal. Although the MACD on both weekly and monthly time frames is mildly bullish, the overall bearish indicators, including the Bollinger Bands on a monthly basis and the Dow Theory on a weekly basis, suggest a prevailing bearish sentiment. The RSI shows no signal on the weekly and is bullish on the monthly, but this is not enough to counter the bearish trend.
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