Is SPS Commerce, Inc. technically bullish or bearish?

As of 31 October 2025, the technical trend for SPS Commerce, Inc. has changed from mildly bearish to bearish. The current technical stance is bearish with a strong indication from multiple indicators. The MACD is bearish on both the weekly and monthly time frames, and the Bollinger Bands also reflect a bearish outlook. Daily moving averages confirm the bearish trend as well. The RSI shows a bullish signal on the weekly but no signal on the monthly, indicating mixed momentum. Dow Theory and OBV are both mildly bearish on the weekly and monthly time frames.
In terms of performance, SPS Commerce has significantly underperformed compared to the S&P 500 across all observed periods, with a year-to-date return of -55.30% versus the S&P 500's 16.30%, and a one-year return of -50.16% compared to the S&P 500's 19.89%.