Is American Well Corp. technically bullish or bearish?

As of 10 September 2025, the technical trend for American Well Corp. has changed from mildly bearish to bearish. The current stance is bearish with weak strength indicated by the weekly MACD, Bollinger Bands, KST, and moving averages all signaling bearish trends. The Dow Theory also reflects a mildly bearish outlook. The stock has underperformed significantly compared to the S&P 500 across multiple periods, with a 1-year return of -33.37% versus the S&P's 17.14%, and a staggering 5-year return of -98.58% compared to the S&P's 96.61%.