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

As of 31 October 2025, the technical trend for Natural Grocers by Vitamin Cottage, Inc. has changed from mildly bearish to bearish. The current technical stance is bearish with weak strength, indicated by a bearish MACD on the weekly chart and bearish signals from Bollinger Bands and daily moving averages. The KST shows mildly bullish on the weekly but mildly bearish on the monthly, while Dow Theory also indicates a mildly bearish stance. The stock has underperformed the S&P 500 significantly over the past week and month, with returns of -16.98% and -18.01% compared to the S&P's gains of 0.71% and 1.92%, respectively. However, it has outperformed the benchmark over the longer term, with a 1-year return of 20.56% versus 19.89% for the S&P 500.