Is Marathon Digital Holdings, Inc. technically bullish or bearish?

As of 26 September 2025, the technical trend for Marathon Digital Holdings, 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. Daily moving averages are mildly bullish, supporting the overall positive trend. However, the weekly and monthly KST and OBV are mildly bearish, suggesting caution. The Dow Theory shows a mildly bullish stance on the weekly chart but is bearish on the monthly.
In terms of performance, the stock has underperformed the S&P 500 in the year-to-date and one-year periods, with returns of -3.82% and -7.93% compared to 12.96% and 15.64%, respectively. However, it has significantly outperformed over the five-year period with a return of 735.75% versus the S&P 500's 101.42%. Overall, the current technical stance is mildly bullish, but investors should be aware of the mixed indicators and recent underperformance relative to the benchmark.