Is Zoomcar Holdings, Inc. technically bullish or bearish?

As of 12 September 2025, the technical trend for Zoomcar Holdings, Inc. has changed from mildly bearish to bearish. The current technical stance is bearish, with key indicators supporting this view including daily moving averages indicating a bearish trend, and Bollinger Bands showing bearish signals on both weekly and monthly time frames. The MACD shows a mildly bullish stance on the weekly and monthly, but this is overshadowed by the bearish signals from the moving averages and Bollinger Bands. Additionally, the Dow Theory indicates a bearish trend on the monthly.
In terms of performance, Zoomcar has significantly underperformed compared to the S&P 500 across all periods, with a year-to-date return of -99.01% versus the S&P 500's 12.22%.