Is Embrace Change Acquisition Corp. technically bullish or bearish?

As of 3 September 2025, the technical trend for Embrace Change Acquisition Corp. has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by weekly and monthly MACD readings indicating a bearish trend, along with Bollinger Bands showing a bearish signal on the monthly timeframe. Dow Theory also supports a bearish outlook on both weekly and monthly charts.
In terms of performance, the stock has underperformed compared to the S&P 500 across multiple periods, with a 1-month return of -5.27% versus the S&P 500's 2.33%, and a year-to-date return of -2.27% compared to the S&P 500's 12.22%.