Is HealthEquity, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for HealthEquity, Inc. has changed from mildly bearish to bearish. The current stance is bearish, with key indicators supporting this view including a bearish MACD on both the weekly and daily time frames, bearish Bollinger Bands, and a bearish daily moving average. The KST is also bearish on the weekly chart, while the Dow Theory shows a mildly bearish signal on the weekly and mildly bullish on the monthly, indicating some mixed signals.
In terms of performance, HealthEquity has underperformed the S&P 500 across multiple periods, with a year-to-date return of -7.67% compared to the S&P 500's 14.18%, and a 1-year return of 13.32% versus 17.82% for the index. Overall, the technical indicators suggest a bearish outlook for the stock.