Impinj's 15-minute chart triggers MACD Death Cross, KDJ Death Cross alert.

Impinj's 15-minute chart has triggered a MACD Death Cross and KDJ Death Cross at 09:45 on September 4, 2025. This indicates that the stock's price has the potential to continue declining, with a shift in momentum towards the downside and a possible further decrease in value.

Seattle-based Impinj, a leading provider of radio frequency identification (RFID) chips, saw its stock dip in extended trading following the announcement of a $150 million convertible bond (CB) offering. The company's shares fell by 1.8% to $182.45, according to data from Reuters [1].

The announcement, made on September 4, 2025, revealed that Impinj is planning to issue 4-year convertible bonds worth $150 million. The proceeds from this offering will be used to exchange a portion of its existing 1.125% convertible bonds due in 2027. Additionally, Impinj intends to use its cash reserves to pay for capped calls, derivative transactions employed to offset dilution, and any remaining net proceeds will be allocated for general purposes.

Impinj's stock had a challenging day on the market, finishing the regular session on September 3, 2025, down by 0.9% at $185.74. Despite the recent decline, the stock has shown a year-to-date increase of 29%. Analysts remain bullish, with all seven covering the stock predicting a median price target of $176, up from $130 two months ago [1].

Technical indicators suggest a potential downward trend for Impinj's stock. On September 4, 2025, at 09:45, Impinj's 15-minute chart triggered both MACD and KDJ Death Crosses, indicating a shift in momentum towards the downside and a possible further decrease in value.

Investors should keep a close eye on Impinj's financial health and market performance as the company navigates this capital raise and its impact on stock price volatility.

References:
[1] Reuters. (2025, September 4). Impinj PI dips after unveiling $150 mln convertible bonds offering. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3UP106:0-impinj-dips-after-unveiling-150-mln-convertible-bonds-offering/