Is Immunovant, Inc. technically bullish or bearish?

As of 27 August 2025, the technical trend for Immunovant, Inc. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by a combination of indicators. The weekly MACD is mildly bullish, but the monthly MACD remains bearish. The Bollinger Bands indicate a bearish trend on the weekly and a mildly bearish trend on the monthly. Daily moving averages are bearish, while the KST and OBV show mild bullishness on the weekly but bearishness on the monthly.
In terms of performance, Immunovant has underperformed the S&P 500 across multiple periods, with a year-to-date return of -37.83% compared to the S&P 500's 12.22%, and a one-year return of -46.71% versus the S&P 500's 17.14%.