Is Udemy, Inc. technically bullish or bearish?

As of 24 October 2025, the technical trend for Udemy, Inc. has changed from mildly bearish to bearish. The current technical stance is bearish, with key indicators supporting this view including a bearish MACD on the weekly timeframe, bearish moving averages on the daily timeframe, and a bearish KST across both weekly and monthly periods. Additionally, Bollinger Bands indicate a mildly bearish stance weekly and bearish monthly. The Dow Theory also reflects a mildly bearish trend on the weekly and monthly levels.
In terms of performance, Udemy's returns have been significantly underperforming the S&P 500, with a year-to-date return of -17.25% compared to the S&P 500's 15.47%, and a 3-year return of -50.72% versus the S&P 500's 78.85%.