Is Colombier Acquisition Corp. II technically bullish or bearish?

As of 4 September 2025, the technical trend for Colombier Acquisition Corp. II has changed from bearish to mildly bearish. The weekly MACD is bearish, and the daily moving averages also indicate a bearish stance. Bollinger Bands on a weekly basis are bearish, while the monthly shows a mildly bearish trend. The Dow Theory indicates a mildly bullish position on a weekly basis, but there is no trend on a monthly basis.
In terms of performance, the stock has underperformed the S&P 500 significantly year-to-date, with a return of -51.06% compared to the S&P 500's 12.22%. Over the past year, the stock has also declined by -43.57%, while the S&P 500 gained 17.14%. Overall, the current technical stance is mildly bearish, with key indicators such as MACD and moving averages driving this view.