Is First Watch Restaurant Group, Inc. technically bullish or bearish?

As of 10 October 2025, the technical trend for First Watch Restaurant Group, Inc. has changed from mildly bearish to bearish. The current stance is bearish, driven by bearish signals from the MACD on both weekly and monthly time frames, as well as bearish Bollinger Bands and daily moving averages. The weekly RSI indicates a bullish signal, but overall, the indicators suggest weakness. Additionally, the Dow Theory shows a mildly bearish trend on a monthly basis.
In terms of multi-period returns, the stock has underperformed the S&P 500 year-to-date with a return of -12.68% compared to the S&P's 11.41%, although it has outperformed the index over the past year with a return of 16.07% versus 13.36%.