Bollinger Bands Narrowing, Bearish Marubozu on Mayville Engineering's 15min chart

The 15-minute chart for Mayville Engineering recently triggered a narrowing of Bollinger Bands, coupled with a bearish Marubozu formation on February 5, 2023 at 1:30 PM. This suggests a decrease in the magnitude of stock price fluctuations, indicating that sellers are exerting control over the market. Consequently, there is a high likelihood that bearish momentum will persist.