Is Novanta, Inc. technically bullish or bearish?

As of 29 May 2025, the technical trend for Novanta, Inc. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD on a weekly basis is mildly bullish, but the monthly MACD remains bearish, indicating mixed signals. The Bollinger Bands and moving averages are both showing mildly bearish trends on the weekly and daily time frames. Additionally, the KST is mildly bullish weekly but bearish monthly, while the Dow Theory indicates a mildly bearish stance on the weekly chart. Overall, the technical indicators suggest a lack of strong bullish momentum, with the stock underperforming compared to the S&P 500 over various time frames, particularly year-to-date and over the past year.