Is Adverum Biotechnologies, Inc. technically bullish or bearish?

As of 5 September 2025, the technical trend for Adverum Biotechnologies, Inc. has changed from sideways to mildly bearish. The current stance is bearish, driven by daily moving averages indicating a mildly bearish position, while weekly indicators such as the Dow Theory and OBV also reflect a mildly bearish outlook. Although the MACD shows mildly bullish signals on both weekly and monthly time frames, the overall sentiment is tempered by the bearish monthly Bollinger Bands and KST.
In terms of performance, the stock has underperformed significantly compared to the S&P 500 across multiple periods, with a year-to-date return of -36.83% versus the S&P 500's 12.22%, and a one-year return of -57.80% compared to 17.14% for the index.