Is Hennessy Capital Investment Corp. VI technically bullish or bearish?

As of 4 September 2025, the technical trend for Hennessy Capital Investment Corp. VI has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by bearish MACD readings on both weekly and monthly time frames, and a bearish daily moving average. Although the RSI indicates bullish momentum on both weekly and monthly charts, the overall sentiment is tempered by the bearish signals from Bollinger Bands and KST. The Dow Theory shows a mildly bearish trend on the weekly basis with no trend on the monthly.
In terms of performance, the stock has significantly underperformed the S&P 500, with a year-to-date return of -70.92% compared to the S&P 500's 12.22%, and a one-year return of -71.13% against the S&P 500's 17.14%.