Is Immunovant, Inc. technically bullish or bearish?

As of 31 October 2025, the technical trend for Immunovant, Inc. has changed from sideways to mildly bullish. The weekly MACD is bullish, while the monthly MACD is bearish, indicating mixed signals across time frames. The Bollinger Bands are bullish on both weekly and monthly charts, supporting the mildly bullish stance. Moving averages show a mildly bearish signal on the daily chart, which contrasts with the overall trend. Dow Theory and OBV both indicate a mildly bullish position on the weekly and monthly time frames.
In terms of performance, Immunovant has outperformed the S&P 500 over the past week and month, with returns of 30.31% and 51.04%, respectively, compared to 0.71% and 1.92% for the index. However, the year-to-date and one-year returns are negative at -0.36% and -15.65%, significantly lagging behind the S&P 500's gains of 16.30% and 19.89%. Overall, the current technical stance is mildly bullish, driven by the positive signals from Bollinger Bands and Dow Theory, despite some bearish indicators in moving averages and MACD.