Is Chenghe Acquisition I Co. technically bullish or bearish?

As of 2 June 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by a combination of indicators. The weekly MACD is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The RSI shows no signal on the weekly chart while being bullish on the monthly, suggesting potential upward momentum over a longer time frame. Bollinger Bands are bearish on the weekly and mildly bearish on the monthly, reinforcing the cautious outlook. Daily moving averages are bearish, which adds to the short-term weakness. The KST is mildly bearish on the weekly, and there is no trend on the monthly. Dow Theory indicates a mildly bullish stance on the monthly, but no trend on the weekly. Overall, the indicators suggest a weak bearish sentiment with some potential for recovery in the longer term.