Is Envoy Medical, Inc. technically bullish or bearish?

As of 2 June 2025, the technical trend for Envoy Medical, Inc. has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating bearishness and the Bollinger Bands showing a mildly bearish signal on the weekly and bearish on the monthly. While the MACD is mildly bullish on both weekly and monthly time frames, the overall sentiment is tempered by the bearish daily moving averages and the lack of strong signals from the RSI and Dow Theory, which indicate no trend. The stock's performance relative to the S&P 500 over various time frames further supports the bearish outlook, particularly with a significant decline over the past year and three years.