Is Natural Grocers by Vitamin Cottage, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for Natural Grocers by Vitamin Cottage, Inc. has changed from bearish to mildly bearish. The weekly MACD is bearish, while the monthly MACD is mildly bearish. The daily moving averages also indicate a mildly bearish stance. The Bollinger Bands show a mildly bearish trend on the weekly chart but are bullish on the monthly chart. The KST is bearish weekly and mildly bearish monthly, while the Dow Theory presents a mildly bullish weekly outlook but a mildly bearish monthly view. The On-Balance Volume (OBV) is mildly bullish on both weekly and monthly time frames.
In terms of performance, the stock has outperformed the S&P 500 over the past year, returning 57.09% compared to the index's 17.82%, and has shown significant gains over the longer term, with a 286.54% return over the past five years versus the S&P 500's 100.56%. Overall, the current technical stance is mildly bearish, with key indicators such as the MACD and moving averages contributing to this view.