Is Avidity Biosciences, Inc. technically bullish or bearish?

As of 17 June 2025, the technical trend for Avidity Biosciences, Inc. has changed from sideways to mildly bearish. The current stance is bearish, driven by daily moving averages indicating bearish momentum and weekly Bollinger Bands also signaling a bearish trend. While the weekly MACD and KST are mildly bullish, the overall sentiment is tempered by the monthly indicators showing a bearish outlook. The Dow Theory reflects a mildly bearish stance on the weekly chart, further supporting the bearish view. The stock's recent performance, particularly a -4.68% return over the past month compared to a positive S&P 500 return, reinforces the bearish sentiment.