Donnelley Financial's 15min chart shows MACD Death Cross, Bearish Marubozu signal.

According to Donnelley Financial's 15-minute chart, a MACD Death Cross and Bearish Marubozu signal was triggered on November 25, 2024, at 12:30. This suggests that the stock price may continue to decline, as sellers are currently dominating the market and bearish momentum is likely to persist.

The financial markets have been experiencing a tumultuous period, and the stock price of Seaport (NYSE: SPT) is no exception. According to Donnelley Financial's 15-minute chart, a MACD Death Cross and Bearish Marubozu signal were triggered on November 25, 2024, at 12:30 [1]. This bearish signal suggests that the stock price may continue to decline, as sellers are currently dominating the market, and bearish momentum is likely to persist.

The MACD Death Cross is a technical indicator that occurs when a short-term moving average (12-day Exponential Moving Average or EMA) crosses below a long-term moving average (26-day EMA) [1][3]. This pattern is typically considered a bearish signal that indicates a shift in market momentum from bullish to bearish [1][2]. The 15-minute chart for Seaport shows that the MACD Death Cross occurred on October 11, 2024, at 13:30 [1].

The Bearish Marubozu candlestick, which is characterized by a long lower shadow and a short upper shadow, indicates a strong selling momentum [1][4]. This bearish signal further reinforces the expectation that the bearish momentum may persist. The Bollinger Bands, which measure a stock's price volatility, have also shown a downward expansion on the 15-minute chart for Seaport [1]. This expansion suggests that the stock's price could experience more significant short-term fluctuations as market sentiment shifts.

However, the current downward trend in the stock's price may imply that these fluctuations could primarily occur within a broader downtrend. Investors should exercise caution and closely monitor the stock's price movements for further indications of a potential trend reversal. A confirmation of a trend reversal, such as a bullish signal like a Golden Cross or the appearance of a bullish pattern like a Hammer or a Bullish Engulfing, may be necessary before making any investment decisions [1][6].

References:

[1] A Invest. (2024, October 11). Better Home's 15-minute chart triggers MACD Death Cross and Bearish Marubozu signal. Retrieved from https://www.ainvest.com/news/better-home-s-15min-chart-triggers-macd-death-cross-bearish-marubozu-signal-241110000c469f88567cac3d/