Is Everest Consolidator Acquisition Corp. technically bullish or bearish?

As of 12 June 2025, the technical trend for Everest Consolidator Acquisition Corp. has changed from mildly bearish to bearish. The current technical stance is bearish with a strong indication from multiple indicators. The MACD is bearish on both the weekly and monthly time frames, and the moving averages are also bearish on a daily basis. Dow Theory confirms a bearish outlook on both weekly and monthly scales. The Bollinger Bands show a mildly bearish trend weekly and bearish monthly. The RSI indicates no signal weekly but is bullish monthly, suggesting some divergence.
In terms of performance, the stock has significantly underperformed compared to the S&P 500, with a year-to-date return of -89.82% versus the S&P 500's 12.22%, and a one-year return of -90.09% compared to 17.14% for the benchmark. Overall, the technical indicators strongly support a bearish view.