Is Forward Air Corp. technically bullish or bearish?

As of 31 October 2025, the technical trend for Forward Air Corp. has changed from sideways to mildly bearish. The current stance is bearish overall, with key indicators supporting this view. The weekly MACD is bearish, and Bollinger Bands are also indicating a bearish trend. The KST shows a mildly bearish signal on the weekly timeframe, while the monthly KST is mildly bullish, suggesting some divergence. Moving averages on the daily are mildly bullish, but this is overshadowed by the bearish signals from the weekly indicators.
In terms of performance, Forward Air Corp. has significantly underperformed the S&P 500 across multiple periods, with a year-to-date return of -41.67% compared to the S&P 500's 16.30%, and a one-year return of -46.76% against 19.89% for the index. Overall, the technical indicators point towards a bearish outlook for the stock.