National Bank's 15min chart exhibits bearish signals with KDJ Death Cross, Bearish Marubozu.

The 15-minute chart for National Bank has recently triggered a KDJ Death Cross and a Bearish Marubozu pattern, which suggests that the momentum of the stock price is shifting in a bearish direction. This indicates that the stock is likely to continue declining as sellers dominate the market. The KDJ Death Cross is a technical indicator that signals a shift in momentum from upward to downward, while the Bearish Marubozu is a pattern that indicates a strong bearish trend. Taken together, these indicators suggest that the stock price is poised to further decrease.

National Bank of Canada has recently initiated coverage on Richards Packaging Income Fund (RPI-UN.TO) with an outperform rating and a $43 price target National Bank Starts Richards Packaging at Outperform, Sets $43 Price Target^[1]. The bank highlights Richards Packaging's leading position in the Canadian distribution market, particularly in glass and plastic packaging, aesthetic devices, surplus packaging, and medical devices. By focusing on small and medium-sized businesses and offering services from packaging design to logistics, Richards Packaging has built a stable customer base.

Ahmed Abdullah, analyst at National Bank, notes that Richards Packaging stands at an inflection point with a management team led by John Glynn, who has been CEO since March 2025. The company is driving a transformation focused on reinvesting cash to drive growth through mergers and acquisitions (M&A). Abdullah acknowledges potential execution risks as strategies evolve but suggests that strong fundamentals indicate a narrowing valuation gap, with potential for a higher rerating as the company moves towards healthcare distribution.

National Bank believes Richards Packaging's fundamentals "stack up well" compared to peers, with EBITDA margins in line with manufacturers and distributors. However, it excels in cash flow conversion, with strong cash flow generation on low capital expenditure intensity providing flexibility.

In a separate development, the 15-minute chart for National Bank has recently triggered a KDJ Death Cross and a Bearish Marubozu pattern, suggesting a shift in momentum towards a bearish direction. These technical indicators signal that the stock price is likely to continue declining as sellers dominate the market. The KDJ Death Cross indicates a shift in momentum from upward to downward, while the Bearish Marubozu pattern suggests a strong bearish trend .