American States Water's 15min Chart Suggests Bearish Trend with Bollinger Bands Expanding Downward

According to the 15-minute chart for American States Water, the Bollinger Bands are expanding downward, indicating a bearish Marubozu pattern at 13:15 on February 6, 2023. This suggests that the market trend is being driven by sellers, who are currently in control. As a result, it is likely that bearish momentum will continue.