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, primarily driven by the weekly MACD and Bollinger Bands both indicating bearish signals. The moving averages on a daily basis show a mildly bullish trend, but this is overshadowed by the overall bearish indicators from the weekly timeframe. Additionally, the KST is mildly bearish on the weekly and mildly bullish on the monthly, while the Dow Theory indicates a mildly bearish stance on the monthly.
In terms of performance, Forward Air Corp. has significantly underperformed compared to the S&P 500 across multiple periods, with a year-to-date return of -44.16% versus the S&P 500's 16.30%, and a one-year return of -47.40% compared to the S&P 500's 19.89%.