Is Alvotech technically bullish or bearish?

As of 17 June 2025, the technical trend for Alvotech has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the daily moving averages indicating bearish momentum, along with the weekly and monthly Bollinger Bands also signaling bearish conditions. The MACD shows a mildly bullish signal on the weekly chart but remains bearish on the monthly, suggesting mixed signals across different time frames. The overall performance against the S&P 500 indicates significant underperformance, particularly over the past month and year, reinforcing the bearish outlook.