Is Lifeway Foods, Inc. technically bullish or bearish?

As of 1 August 2025, the technical trend for Lifeway Foods, Inc. has changed from mildly bullish to bullish. The weekly and monthly MACD indicators are bullish, supporting a positive outlook. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, while the daily moving averages also indicate a mildly bullish stance. The KST shows a bullish weekly signal but is mildly bearish monthly, and the Dow Theory indicates a bullish monthly trend with no trend on the weekly. The On-Balance Volume is bullish for both time frames, reinforcing the bullish sentiment.
Despite the current bullish indicators, the stock has underperformed compared to the S&P 500 over the past week and month, with returns of -17.88% and -11.80% respectively, while the S&P 500 gained 1.05% and 2.33%. However, over longer periods, Lifeway has outperformed the S&P 500 significantly, with a 3-year return of 351.51% compared to 70.41% for the index.