Is Harmony Biosciences Holdings, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for Harmony Biosciences Holdings, Inc. has changed from mildly bearish to bearish. The current stance is bearish, with key indicators supporting this view including bearish MACD readings on both weekly and monthly time frames, bearish Bollinger Bands, and bearish moving averages on the daily chart. The Dow Theory indicates a mildly bearish trend on a monthly basis, while the KST and OBV are also bearish on both weekly and monthly time frames.
In terms of performance, the stock has significantly underperformed the S&P 500 across multiple periods, with a year-to-date return of -22.73% compared to the S&P 500's 14.18%, and a three-year return of -44.74% versus the S&P 500's 82.57%.