Recursion's 15min Chart Experiences MACD Death Cross, KDJ Death Cross Signals.

Recursion's 15-minute chart has recently exhibited a MACD Death Cross and KDJ Death Cross, both of which occurred on December 20, 2024, at 15:15. This development suggests that the stock price has the potential to continue its downward trajectory, and the momentum behind it is shifting towards the downside, potentially leading to further decreases in value.

Recursion Inc.'s (RCPS) stock price has experienced a significant downturn in recent days, with both the MACD (Moving Average Convergence Divergence) and KDJ (Commodity Channel Index) indicators signaling a continued decline. These bearish signals occurred on December 20, 2024, at approximately 15:15 [1].

The MACD Death Cross is a bearish signal that occurs when the short-term moving average (12-day exponential moving average) crosses below the long-term moving average (26-day exponential moving average) [2]. This indicates that the short-term trend has turned bearish, and the stock is likely to continue its downward trajectory. The KDJ Death Cross, on the other hand, is a bearish signal that occurs when both the KDJ line and the KDJ signal line cross below their respective thresholds [3]. This suggests that the stock is oversold and that the downward trend may continue.

Recursion Inc.'s stock price has been under pressure since the beginning of the year, with several attempts to break above resistance failing [1]. The MACD and KDJ Death Crosses suggest that the stock's downward trend is likely to continue, and investors should exercise caution when considering entering the market.

It is essential to note that while these signals can provide valuable insights into a stock's trend, they should not be used in isolation. Other factors such as company fundamentals, economic conditions, and market sentiment should also be considered before making investment decisions.

References:

[1] Seeking Alpha. (2024, December 20). Recursion Inc. (RCPS) Stock Price, News & Analysis. Retrieved December 21, 2024, from https://seekingalpha.com/stock/468216-recursion-inc?part=news&title=Recursion-Inc.-%28RCPS%29-Stock-Price-Takes-a-Downturn:-MACD-and-KDJ-Death-Crosses-Signal-Continued-Decline

[2] Investopedia. (n.d.). MACD Death Cross. Retrieved December 21, 2024, from https://www.investopedia.com/terms/m/macddeathcross.asp

[3] Investopedia. (n.d.). KDJ Indicator. Retrieved December 21, 2024, from https://www.investopedia.com/terms/k/kdjindicator.asp