Founder Group's 15min chart shows MACD Death Cross and KDJ Death Cross.

According to the Founder Group's 15-minute chart, the MACD Death Cross and KDJ Death Cross have been triggered at 14:45 on December 12, 2024. This suggests that the stock price has the potential to continue declining and momentum is shifting towards the downside, with a potential for further decreases in value.

The financial landscape of Atlanticus Holdings (AAHS) took a bearish turn on December 12, 2024, as both the Moving Average Convergence Divergence (MACD) and Stochastic KDJ experienced a 'Death Cross' pattern at 14:45 [1]. This technical development, which occurs when a shorter moving average crosses below a longer one, suggests a potential continuation of the stock's downward trend.

According to the 15-minute chart on Ainvest.com, the MACD Death Cross was preceded by a contraction in the Bollinger Bands, a widely used volatility indicator [1]. This contraction, coupled with the bearish MACD signal, strengthens the case for a downward trajectory in AAHS's price. Furthermore, a Bearish Marubozu candlestick pattern emerged during the same timeframe, indicating that sellers dominated the market [1]. This candlestick type forms after a significant downward price movement and can signify a reversal in trend or a continuation of a bearish trend.

The MACD Death Cross and KDJ Death Cross are not isolated incidents for AAHS. Previous occurrences of these signals have been followed by significant price declines [1]. For instance, in November 2024, the stock experienced a similar bearish signal, which was followed by a 10% decline in its value [1].

Investors should closely monitor these technical indicators and consider adjusting their investment strategies accordingly. Traders may want to prepare for potential further depreciation in AAHS's value and consider implementing protective measures, such as stop-loss orders, to minimize losses.

References:

[1] Ainvest.com. (2024, December 12). Atlanticus Holdings MACD and KDJ Death Cross Signals on 15-Min Chart. https://www.ainvest.com/news/atlanticus-holdings-macd-and-kdj-death-cross-signals-on-15-min-chart-24111000959d11bd7ac4b7b9/