Is MarketAxess Holdings, Inc. technically bullish or bearish?

As of 6 August 2025, the technical trend for MarketAxess Holdings, Inc. has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from the MACD, which is bearish on both weekly and monthly time frames. The Bollinger Bands and KST also confirm a bearish outlook on both weekly and monthly periods. Daily moving averages are bearish as well. Although Dow Theory shows a mildly bullish signal on the weekly timeframe, it is mildly bearish on the monthly timeframe, indicating some divergence.
In terms of performance, MarketAxess has underperformed the S&P 500 across multiple periods, with a year-to-date return of -20.50% compared to the S&P 500's 12.22%, and a one-year return of -30.84% versus the S&P 500's 17.14%. Overall, the technical indicators suggest a bearish sentiment with significant weakness.