Is BlueRiver Acquisition Corp. technically bullish or bearish?
2025-09-20 20:12:03As of 1 April 2025, the technical trend for BlueRiver Acquisition Corp. has changed from sideways to mildly bearish. The MACD is bearish on both weekly and monthly time frames, and Bollinger Bands indicate a mildly bearish stance for both periods as well. The KST is also bearish on both weekly and monthly charts. However, the daily moving averages show a mildly bullish signal, and Dow Theory indicates a mildly bullish trend on the weekly but bearish on the monthly. In terms of performance, the stock has underperformed the S&P 500 across multiple periods, with a year-to-date return of -3.9% compared to the S&P 500's 12.22% and a one-year return of -8.73% against 17.14%. Overall, the current technical stance is mildly bearish, reflecting weakness in the longer-term indicators despite some short-term bullish signals....
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