Is Morgan Stanley Direct Lending Fund technically bullish or bearish?

As of 6 August 2025, the technical trend for Morgan Stanley Direct Lending Fund has changed from mildly bearish to bearish. The current stance is bearish with strong indicators supporting this view. The MACD is bearish on the weekly timeframe, and both the Bollinger Bands and Dow Theory indicate bearish conditions on both weekly and monthly timeframes. The moving averages are also bearish on the daily timeframe, and the KST and OBV confirm bearish signals on the weekly level.
In terms of performance, the fund has underperformed the S&P 500 across multiple periods, with a year-to-date return of -14.62% compared to the S&P 500's 12.22%, and a one-year return of -12.54% versus 17.14% for the index.