Is Elastic NV technically bullish or bearish?

As of 10 October 2025, the technical trend for Elastic NV has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The daily moving averages are mildly bearish, and the Bollinger Bands show a sideways trend on the weekly chart, with a mildly bearish outlook on the monthly chart. The KST is mildly bullish weekly but mildly bearish monthly, and Dow Theory reflects a mildly bearish view on the weekly and a mildly bullish stance on the monthly. The OBV is mildly bearish across both time frames.
In terms of performance, Elastic NV has underperformed the S&P 500 in most multi-period returns, with a year-to-date return of -12.72% compared to the S&P 500's 11.41%, although it has a 1-year return of 5.42% against the S&P 500's 13.36%. Overall, the technical stance is mildly bearish, indicating some weakness despite a slight improvement in the trend.