Is Golden Matrix Group, Inc. technically bullish or bearish?

As of 5 August 2025, the technical trend for Golden Matrix Group, Inc. has changed from mildly bearish to bearish. The current stance is bearish with weak strength indicated by the weekly MACD, which is bearish, and the daily moving averages, also bearish. The Bollinger Bands and KST metrics further confirm a bearish outlook on both weekly and monthly time frames. The Dow Theory shows a mildly bearish stance on both weekly and monthly charts, while the OBV is mildly bearish as well.
In terms of performance, the stock has significantly underperformed the S&P 500 across all periods, with a year-to-date return of -49.66% compared to the S&P 500's 12.22%, and a one-year return of -57.40% versus 17.14% for the index.