Is AppFolio, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for AppFolio, Inc. has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD indicates a bullish stance. The moving averages on a daily basis are mildly bullish, and the monthly Bollinger Bands reflect a mildly bullish outlook as well. However, the weekly Bollinger Bands and KST are bearish, and Dow Theory shows a mildly bearish trend on the weekly timeframe but bullish on the monthly.
In terms of performance, AppFolio has underperformed the S&P 500 over the past week and month, with returns of -13.84% and -14.51% compared to the S&P 500's gains of 1.09% and 4.15%, respectively. Over the longer term, AppFolio has outperformed the S&P 500 over the 3-year period with a return of 114.63% versus 82.57%. Overall, the current technical stance is mildly bullish, but the recent short-term performance is concerning.