Is Ermenegildo Zegna NV technically bullish or bearish?

As of 4 September 2025, the technical trend for Ermenegildo Zegna NV has changed from mildly bearish to mildly bullish. The weekly MACD is bullish, and the monthly MACD is mildly bullish, supporting the positive trend. The daily moving averages also indicate a bullish stance. However, the weekly KST is mildly bearish, which adds some caution. The stock has outperformed the S&P 500 over the past month with a return of 21.0% compared to the S&P 500's 2.33%, but it has underperformed over the longer term, particularly in the 3-year period with a return of -8.16% versus the S&P 500's 70.41%. Overall, the current technical stance is mildly bullish, driven primarily by the bullish MACD and moving averages.