Amentum Holdings: MACD Death Cross, Bollinger Bands Narrowing, Bearish Marubozu

Amentum Holdings's 15-minute chart has exhibited a MACD Death Cross, Bollinger Bands Narrowing, and a Bearish Marubozu pattern on August 29, 2025 at 10:30. This indicates a high probability of the stock price continuing to decline, with decreasing magnitude of fluctuations, strong seller control, and sustained bearish momentum.

Amentum Holdings' 15-minute chart has exhibited a MACD Death Cross, Bollinger Bands Narrowing, and a Bearish Marubozu pattern on August 29, 2025 at 10:30. These technical indicators suggest a high probability of the stock price continuing to decline, with decreasing magnitude of fluctuations, strong seller control, and sustained bearish momentum.

The MACD Death Cross, a reversal pattern that occurs when the MACD line crosses below the signal line, indicates a potential shift in the stock's momentum towards the downside. This pattern, combined with the narrowing of the Bollinger Bands, suggests a decrease in volatility and a consolidation phase. The Bearish Marubozu pattern, characterized by a single candle with no upper wick, further reinforces the bearish trend, as it signifies strong selling pressure and a potential continuation of the downtrend.

Despite the mixed earnings report for Teck Resources, which exceeded earnings per share (EPS) expectations but missed revenue forecasts, the stock price dropped significantly in pre-market trading. Similarly, Amentum Holdings' recent technical patterns indicate a strong seller control, potentially leading to further price declines.

Raymond James analyst Brian MacArthur maintained a Buy rating for Teck Resources with a price target of C$64.00, citing the company's quarterly revenue of $2.02 billion and net profit of $206 million [1]. Although this positive outlook is not directly applicable to Amentum Holdings, it highlights the importance of both fundamental and technical analysis in making informed investment decisions.

Amentum Holdings' adjusted EBITDA grew by 3% year-over-year to $722 million, driven by profitable Trail operations, reduced smelter processing charges, and a 21% reduction in corporate overhead costs. However, the technical indicators suggest that the stock's momentum may be shifting towards the downside, potentially impacting future performance.

References:
[1] https://www.investing.com/news/transcripts/raymond-james-analyst-brian-macarthur-teck-resources-q2-2025-earnings-beat