Puma Biotechnology's 15min chart shows MACD Death Cross, Bollinger Bands Narrowing, Bearish Marubozu.

Puma Biotechnology's 15-minute chart has recently exhibited several bearish indicators. Specifically, the Moving Average Convergence Divergence (MACD) has triggered a "death cross," which suggests a high likelihood of further downward momentum in the stock price. Additionally, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations, and the stock has experienced a "bearish Marubozu," a candlestick pattern that signifies a complete lack of buying pressure. These indicators collectively suggest that sellers are currently in control of the market and that bearish momentum is likely to persist.

Puma Biotechnology's (PBMT) stock has shown several bearish indicators in its recent 15-minute chart, signaling potential further downward momentum. Specifically, the Moving Average Convergence Divergence (MACD) has triggered a "death cross," which typically indicates a high likelihood of further downward price movement [1]. Additionally, the Bollinger Bands have narrowed, suggesting a decrease in the magnitude of stock price fluctuations, and the stock has experienced a "bearish Marubozu" candlestick pattern, which signifies a complete lack of buying pressure [1]. These indicators collectively suggest that sellers are currently in control of the market, and bearish momentum is likely to persist.

Investors and financial professionals should closely monitor Puma Biotechnology's stock, as these indicators point to a potential continuation of the downward trend. It is advisable to review the company's financial performance and any upcoming news that could impact its stock price.

References:
[1] https://seekingalpha.com/article/4817186-2-logical-mid-cap-biotech-buyout-targets