Is PROOF Acquisition Corp. I technically bullish or bearish?

As of 21 August 2025, the technical trend for PROOF Acquisition Corp. I has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating a bearish outlook, while weekly and monthly MACD readings show mild bullishness. The RSI is bullish on a monthly basis but shows no signal weekly. Bollinger Bands are bearish for both weekly and monthly periods, and the KST indicates mild bullishness weekly but bearishness monthly. Overall, the mixed signals suggest a lack of strong momentum.
In terms of multi-period returns, the stock has significantly underperformed against the S&P 500, with a year-to-date return of -75.18% compared to the S&P 500's 12.22%, and a one-year return of -87.84% versus the S&P 500's 17.14%.