Is Codexis, Inc. technically bullish or bearish?

As of 25 August 2025, the technical trend for Codexis, Inc. has changed from sideways to mildly bearish. The weekly MACD is bearish, while the monthly MACD shows a mildly bullish stance, indicating mixed signals. The daily moving averages are bearish, and the Bollinger Bands reflect a mildly bearish trend on the weekly and bearish on the monthly. The KST is bullish weekly but bearish monthly, and Dow Theory indicates a mildly bullish stance on both weekly and monthly time frames.
In terms of performance, Codexis has significantly underperformed the S&P 500 across multiple periods, with a year-to-date return of -47.80% compared to the S&P 500's 12.22%, and a 5-year return of -79.56% versus the S&P 500's 96.61%. Overall, the current technical stance is mildly bearish, driven primarily by the bearish daily moving averages and the mixed signals from MACD and Bollinger Bands.