Is Banyan Acquisition Corp. technically bullish or bearish?

As of 4 September 2025, the technical trend for Banyan Acquisition Corp. has changed from sideways to mildly bearish. The current stance is bearish, with the daily moving averages indicating a bearish trend. The weekly MACD shows a mildly bullish signal, but the monthly MACD is also mildly bullish, which adds some complexity to the overall picture. The RSI is bullish on a monthly basis but shows no signal on a weekly basis. Bollinger Bands and KST both indicate a bearish outlook on the weekly timeframe, while the OBV is mildly bearish weekly but bullish monthly.
In terms of performance, Banyan Acquisition Corp. has significantly underperformed compared to the S&P 500, with a year-to-date return of -87.24% versus the S&P 500's 12.22%, and a one-year return of -97.04% compared to 17.14% for the index.