Is 10X Genomics, Inc. technically bullish or bearish?

As of 10 October 2025, the technical trend for 10X Genomics, Inc. has changed from sideways to mildly bearish. The current stance is bearish, with key indicators such as the weekly MACD and Dow Theory both indicating a mildly bearish position. The Bollinger Bands also confirm a bearish outlook on both weekly and monthly time frames. Although the daily moving averages show a mildly bullish signal, the overall sentiment remains negative due to the prevailing bearish indicators.
In terms of performance, the stock has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -19.22% compared to the S&P 500's 11.41%, and a one-year return of -28.66% versus 13.36% for the index.