Is Swvl Holdings Corp. technically bullish or bearish?

As of 3 September 2025, the technical trend for Swvl Holdings Corp. has changed from mildly bearish to bearish. The current stance is bearish with weak strength indicated by the weekly MACD and KST both showing bearish signals, while the daily moving averages are also bearish. The Bollinger Bands on a weekly basis confirm the bearish outlook. The Dow Theory indicates a mildly bullish trend on the weekly timeframe, but this is overshadowed by the overall bearish indicators.
In terms of performance, Swvl has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -45.01% compared to the S&P's 12.22%, and a 3-year return of -88.3% versus the S&P's 70.41%.