Cushing NextGen 15min MACD Death Cross, KDJ Death Cross Triggered

According to the 15-minute chart of Cushing NextGen, the MACD and KDJ indicators have both triggered a "death cross" at 14:30 on June 5, 2025. This suggests that the stock price has the potential to continue falling, as the momentum of the stock price is shifting towards the downside and could lead to further decreases.

Cushing NextGen Inc. (CNGN) has recently faced a technical setback as both the Moving Average Convergence Divergence (MACD) and KDJ (KST Divergence J) indicators have triggered a "death cross" at 14:30 on June 5, 2025. This technical signal indicates a potential bearish trend, suggesting that the stock price may continue to fall.

As of the latest available data, Cushing NextGen has been a strong performer within the Technology sector, particularly in the Semiconductors industry. The company has shown significant growth, returning about 25.4% since the start of the calendar year, outpacing the sector average of 12.3% [1]. However, recent technical indicators suggest that this upward trajectory may be at risk.

On June 5, 2025, at 14:30, the MACD and KDJ indicators both crossed below their respective signal lines, signaling a potential shift in momentum towards the downside. This "death cross" is a well-known technical signal that can indicate a bearish trend, suggesting that the stock price may continue to decline.

Despite the sector's overall strong performance, Cushing NextGen has experienced some recent volatility. The stock price fell by -1.85% on June 4, 2025, from $23.50 to $22.97, with trading volume also decreasing [2]. This downward movement was accompanied by a sell signal from the 3-month Moving Average Convergence Divergence (MACD), further indicating a potential downturn.

Investors should be cautious, as Cushing NextGen is currently trading within a strong rising trend, but the recent signals suggest a potential shift in momentum. The stock's short-term Moving Average holds a buy signal, while the long-term average signals a sell, indicating a mixed outlook [2]. The stock is expected to rise 18.60% during the next three months, but this prediction comes with a 75% probability and a wide price range between $25.63 and $30.31.

The current support levels at $21.19 and $20.76 could provide some stability, but a break below these levels could lead to further declines. The stock's volatility, with a daily average of 2.53% over the last week, adds to the risk profile. The recommended stop-loss is negative, indicating a cautious approach.

In summary, while Cushing NextGen has shown strong performance relative to its peers, recent technical indicators suggest a potential downturn. Investors should closely monitor the stock's performance and be prepared for volatility. As always, it is crucial to conduct thorough research and consider multiple factors before making investment decisions.

References:
[1] https://finance.yahoo.com/news/cushing-nextgen-outperforming-134009103.html
[2] https://stockinvest.us/stock/CNGN.TO