Is Upwork, Inc. technically bullish or bearish?

As of 24 October 2025, the technical trend for Upwork, Inc. has changed from bullish to mildly bullish. The weekly and monthly MACD indicators are bullish, while the Bollinger Bands indicate a mildly bullish stance in both time frames. The daily moving averages also reflect a mildly bullish trend. However, the Dow Theory shows a mildly bearish signal on the weekly chart, and the On-Balance Volume (OBV) is mildly bearish on the weekly as well.
In terms of performance, Upwork has underperformed the S&P 500 across most periods, with a 1-month return of -19.68% compared to the S&P 500's 2.32%, and a year-to-date return of -2.14% versus 15.47%. Over the past year, Upwork has outperformed the S&P 500 with a return of 26.48% compared to 16.90%. Overall, the current technical stance is mildly bullish, but the mixed signals suggest caution.