Is 89bio, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for 89bio, Inc. has changed from mildly bullish to bullish. The current stance is bullish, supported by weekly and monthly MACD readings, which are both bullish, as well as bullish signals from Bollinger Bands and KST. Daily moving averages also indicate a bullish trend. However, the RSI readings are bearish on both weekly and monthly time frames, suggesting some weakness in momentum.
In terms of performance, the stock has significantly outperformed the S&P 500 over multiple periods, with a 1-month return of 67.64% compared to the S&P 500's 4.15%, and a 1-year return of 106.82% versus 17.82%. Overall, while the technical indicators are predominantly bullish, the bearish RSI may indicate caution in the short term.