Is Alvotech technically bullish or bearish?

As of 31 July 2025, the technical trend for Alvotech has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from multiple indicators: both the weekly and monthly MACD are bearish, Bollinger Bands are bearish across both time frames, and daily moving averages also signal bearishness. The KST is bearish on both weekly and monthly charts, while Dow Theory and OBV indicate a mildly bearish trend.
In terms of performance, Alvotech has underperformed the S&P 500 significantly, with a year-to-date return of -40.89% compared to the S&P 500's 12.22%, and a one-year return of -29.36% against the S&P 500's 17.14%.