Is Avidity Biosciences, Inc. technically bullish or bearish?

As of 19 September 2025, the technical trend for Avidity Biosciences, Inc. has changed from bullish to mildly bullish. The weekly MACD is bullish, supporting a positive outlook, while the monthly MACD also remains bullish. The Bollinger Bands indicate a mildly bullish stance on both weekly and monthly time frames. Daily moving averages are mildly bullish, and the KST shows a bullish weekly signal but is mildly bearish monthly. The Dow Theory indicates no trend on a weekly basis but is mildly bullish monthly.
Despite the current mildly bullish stance, the stock has underperformed compared to the S&P 500 over the past week and month, with returns of -8.23% and -6.72% respectively, while the S&P 500 gained 1.22% and 3.95%. However, the year-to-date return of 41.20% significantly outperforms the S&P 500's 13.31%. Overall, the current technical stance is mildly bullish, but caution is warranted due to recent underperformance.