Is CervoMed, Inc. technically bullish or bearish?

As of 21 July 2025, the technical trend for CervoMed, Inc. has changed from sideways to mildly bullish. The weekly MACD is bullish, while the monthly MACD is mildly bullish, indicating positive momentum. However, the Bollinger Bands are bearish on both weekly and monthly time frames, suggesting potential volatility. The daily moving averages are mildly bullish, supporting the overall positive stance. Dow Theory shows a mildly bearish weekly outlook but a mildly bullish monthly perspective, adding mixed signals. The KST is bullish weekly but bearish monthly, and the OBV is mildly bearish across both time frames.
In terms of returns, CervoMed has significantly outperformed the S&P 500 year-to-date with a return of 246.15% compared to the S&P 500's 12.22%, but it has underperformed over the longer term, particularly in the 1-year, 3-year, and 5-year periods. Overall, the current technical stance is mildly bullish, driven primarily by the MACD and daily moving averages, despite some bearish indicators present.