Is Pegasus Digital Mobility Acquisition Corp. technically bullish or bearish?

As of 8 August 2025, the technical trend for Pegasus Digital Mobility Acquisition Corp. has changed from mildly bearish to bearish. The current technical stance is bearish with a weak strength, driven by bearish signals across multiple indicators: the MACD is bearish on the weekly timeframe, Bollinger Bands are bearish on both weekly and monthly, and moving averages are bearish on the daily. The KST and OBV also reflect bearish tendencies on the weekly, while the Dow Theory shows a mildly bullish signal on the weekly but no trend on the monthly.
In terms of performance, the stock has significantly underperformed compared to the S&P 500 across all observed periods, with a year-to-date return of -23.05% versus the S&P 500's 12.22%, and a one-year return of -36.12% compared to 17.14% for the index.