Is Southwest Airlines Co. technically bullish or bearish?

As of 24 October 2025, the technical trend for Southwest Airlines Co. has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD is mildly bullish, indicating mixed signals across time frames. The daily moving averages are mildly bullish, and both the weekly and monthly Dow Theory are also mildly bullish. However, the weekly Bollinger Bands are bearish, which adds some caution to the outlook.
In terms of performance, the stock has underperformed the S&P 500 across multiple periods, with a year-to-date return of -4.22% compared to the S&P 500's 15.47%, and a 5-year return of -24.75% versus the S&P 500's 95.99%. Overall, the current stance is mildly bullish, but the stock's performance relative to the benchmark suggests caution.