Is ESGEN Acquisition Corp. technically bullish or bearish?

As of 17 June 2025, the technical trend for ESGEN Acquisition Corp. has changed from sideways to mildly bullish. The weekly MACD is bullish, supporting a positive short-term outlook, while the monthly MACD is mildly bullish, indicating some strength over a longer time frame. However, the weekly RSI is bearish, suggesting potential weakness in momentum. The daily moving averages are bullish, reinforcing the positive sentiment in the short term. The Bollinger Bands show a bullish signal on the weekly but bearish on the monthly, indicating mixed signals across different time frames. Dow Theory indicates a mildly bullish stance on both weekly and monthly charts. Overall, the current technical stance is mildly bullish, driven primarily by the bullish MACD and daily moving averages, despite some bearish signals from the RSI and Bollinger Bands.