Is Ryvyl, Inc. technically bullish or bearish?

As of 8 September 2025, the technical trend for Ryvyl, Inc. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by a combination of indicators. The MACD shows a mildly bullish signal on both weekly and monthly time frames, while the Bollinger Bands and KST indicate bearish conditions on both time frames. The daily moving averages are bearish, and the OBV is mildly bullish on a weekly basis but shows no trend monthly.
In terms of performance, Ryvyl has significantly underperformed the S&P 500 across all periods, with a year-to-date return of -78.48% compared to the S&P 500's 12.22%. This stark contrast highlights the ongoing challenges faced by the stock.