Is OmniLit Acquisition Corp. technically bullish or bearish?

As of 29 May 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven primarily by the daily moving averages indicating bearish momentum and the weekly KST also showing bearish signals. Although the weekly MACD is mildly bullish and the monthly indicators suggest some strength, the overall trend remains negative due to the bearish signals from Bollinger Bands and the lack of a clear trend in Dow Theory. The stock has significantly underperformed compared to the S&P 500 over multiple time frames, further supporting the bearish outlook.