Is Varonis Systems, Inc. technically bullish or bearish?

As of 31 October 2025, the technical trend for Varonis Systems, Inc. has changed from mildly bullish to sideways. The current stance is neutral, with mixed signals across various indicators. The MACD is mildly bearish on both weekly and monthly time frames, while the RSI shows bullish momentum weekly but no signal monthly. Bollinger Bands are bearish on both time frames, and moving averages indicate a mildly bullish trend daily. Dow Theory and OBV show no trend in both weekly and monthly assessments.
In terms of performance, Varonis has significantly underperformed against the S&P 500 across multiple periods, with a year-to-date return of -20.71% compared to the S&P 500's 16.30%, and a one-year return of -30.06% versus 19.89% for the index.