Peoples Bancorp of North Carolina: RSI Overbought, Bearish Marubozu on 15-Minute Chart

Peoples Bancorp of North Carolina's 15-minute chart has recently displayed a notable trend, triggering both an RSI Overbought signal and a Bearish Marubozu pattern on August 13, 2025 at 15:00. This suggests that the stock price has experienced a rapid and unsustainable increase, exceeding the underlying fundamentals' support level. As a result, sellers are likely in control of the market, and a continuation of the bearish momentum is anticipated.

On August 13, 2025, at 15:00, Peoples Bancorp of North Carolina (PEBK) exhibited significant bearish signals on its 15-minute chart, indicating a potential downturn in the stock's momentum. The chart showed a notable RSI Overbought signal, suggesting that the stock price has experienced a rapid and unsustainable increase, exceeding the underlying fundamentals' support level. Additionally, a Bearish Marubozu pattern was observed, confirming the bearish trend by displaying a candle with no upper shadow and a long lower shadow, indicating strong selling pressure [1].

The Relative Strength Index (RSI) reached an overbought level on August 6, 2025, which may have contributed to the rapid rise in stock price. This unsustainable increase may not be supported by fundamental values, making a correction likely. The technical indicators, including the KDJ Death Cross and Bearish Marubozu, suggest that the sellers are currently in control of the market, and it is likely that the bearish momentum will continue [2].

Investors should closely monitor Peoples Bancorp's upcoming financial results, scheduled for July 31, 2025, after the U.S. market close. The company will host a conference call at 4:45 p.m. Eastern Time featuring CEO Gene Lowe and CFO Mark Carano to discuss the results and business outlook [2].

Additionally, on August 4, 2025, James S. Abernethy, a Director at Peoples Bancorp, sold 600 shares of Common Stock at $28.01 per share, totaling $16,806. Following the transaction, Abernethy directly owns 71,676 shares and indirectly owns 109,241 shares through his son and his position as VP, Sec & Chairman of Alexander Railroad [1].

References:
[1] https://www.tradingview.com/news/tradingview:1c481a5c79039:0-peoples-bancorp-of-north-carolina-director-sells-shares/
[2] https://www.ainvest.com/news/peoples-bancorp-nc-rsi-overbought-kdj-death-cross-15min-chart-2508/