Is Nvni Group Ltd. technically bullish or bearish?

As of 31 July 2025, the technical trend for Nvni Group Ltd. has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend, while the monthly Bollinger Bands are mildly bearish. Despite this, the weekly MACD and Dow Theory are both mildly bullish, suggesting some underlying strength. The stock has significantly underperformed compared to the S&P 500, with a year-to-date return of -63.27% versus the S&P's 12.22%, and a 3-year return of -91.01% compared to the S&P's 70.41%.