Is Horizon Bancorp, Inc. (Indiana) technically bullish or bearish?

As of 10 October 2025, the technical trend for Horizon Bancorp, Inc. (Indiana) has changed from mildly bullish to sideways. The current stance is neutral, with mixed signals across different indicators. The MACD shows a mildly bearish trend on both weekly and monthly time frames, while the Bollinger Bands are bearish in both periods as well. The moving averages indicate a mildly bullish signal on the daily timeframe, contrasting with the weekly and monthly Dow Theory which is mildly bearish and bullish, respectively.
In terms of performance, the stock has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -6.64% compared to the S&P 500's 11.41%, and a 3-year return of -18.79% versus 81.39% for the index.