Is Finnovate Acquisition Corp. technically bullish or bearish?

As of 14 July 2025, the technical trend for Finnovate Acquisition Corp. has changed from mildly bearish to bearish. The current stance is bearish with strong indicators supporting this view. The MACD is bearish on both the weekly and monthly time frames, and the moving averages are bearish on the daily. Additionally, Bollinger Bands and KST are bearish on both weekly and monthly periods, while Dow Theory also indicates a bearish trend. The RSI shows no signal on the weekly but is bullish on the monthly, which contrasts with the overall bearish sentiment.
In terms of performance, the stock has significantly underperformed compared to the S&P 500, with a year-to-date return of -74.51% versus the S&P 500's 12.22%. This stark contrast highlights the weakness in Finnovate Acquisition Corp.'s technical position.