First Mid Bancshares Experiences Bearish Trend with KDJ Death Cross and Bearish Marubozu

As observed on the 15-minute chart of First Mid Bancshares, a KDJ Death Cross and Bearish Marubozu pattern emerged on February 6, 2023 at 1:00 PM. This technical indicator suggests that the momentum of the stock price is shifting towards the downside, potentially leading to further decreases in value. The sellers are currently in control of the market, and it is likely that the bearish momentum will continue.