Surmodics's MACD Death Cross signals bearish trend, Bearish Marubozu candle confirms

Based on the 15-minute chart for Surmodics, there has been a notable development that warrants attention. The MACD indicator has triggered a "death cross," which is a bearish signal, while the chart also features a "bearish marubozu," a candlestick pattern that indicates a strong downward trend. These indicators collectively suggest that the stock price has the potential to continue declining, and it is likely that sellers will maintain control of the market. The bearish momentum is expected to persist in the near term.