Federal Agricultural Mortgage C: Bollinger Bands Expand Downward, Bearish Marubozu Formation Detected

The 15-minute chart for Federal Agricultural Mortgage Corporation has recently displayed a notable trend, characterized by the expansion of Bollinger Bands downward and a bearish Marubozu formation on December 5, 2023 at 3:45pm. This indicates that the market is currently being driven by selling pressure, with sellers exerting significant influence over the market's direction. As a result, it is likely that bearish momentum will continue to prevail in the near term.