Is Digimarc Corp. technically bullish or bearish?

As of 21 August 2025, the technical trend for Digimarc Corp. has changed from mildly bearish to bearish. The current technical stance is bearish with weak strength, indicated by the monthly MACD and KST both being bearish, and the moving averages on a daily basis also showing mildly bearish signals. The Bollinger Bands are mildly bearish on both weekly and monthly time frames. Although the weekly Dow Theory shows mildly bullish, it is outweighed by the overall bearish indicators.
In terms of performance, the stock has significantly underperformed compared to the S&P 500, with a year-to-date return of -71.40% versus the S&P 500's 12.22%, and a one-year return of -61.63% compared to the S&P 500's 17.14%.