Is Nano Labs Ltd. technically bullish or bearish?

As of 12 September 2025, the technical trend for Nano Labs Ltd. has changed from mildly bearish to bearish. The weekly MACD is bearish, and daily moving averages also indicate a bearish stance. Bollinger Bands are showing a mildly bearish trend on both weekly and monthly time frames. The KST is bullish on a weekly basis, but there are no signals from the RSI or Dow Theory across both time frames.
In terms of performance, the stock has underperformed compared to the S&P 500 year-to-date, with a return of -41.91% versus the S&P 500's 12.22%. Over the past year, however, the stock has outperformed the benchmark with a return of 77.9% compared to 17.14%. Overall, the current technical stance is bearish, indicating weakness in the stock's performance.