Univest Financial's 15-min chart: KDJ Death Cross, Bearish Marubozu Signal

Univest Financial's 15-minute chart has triggered a KDJ Death Cross, accompanied by a Bearish Marubozu at 08/12/2022 13:00, indicating a shift in the stock price's momentum towards the downside. This development suggests that the potential for further decreases in the stock price is high, with sellers dominating the market, and a continuation of bearish momentum is likely.

Univest Financial's (UNV) stock has shown significant bearish signals on its 15-minute chart, indicating a potential downward trend. On August 12, 2022, at 13:00, a KDJ Death Cross and a Bearish Marubozu pattern emerged, signaling a shift in the stock price's momentum towards the downside [1].

The KDJ Death Cross is a technical indicator that occurs when the K-line crosses below the J-line on the KDJ indicator, suggesting a potential trend reversal. This pattern is often followed by a Bearish Marubozu, a single candle with no upper or lower wick, indicating strong selling pressure and a potential reversal to the downside [1]. The emergence of these patterns on UNV's 15-minute chart suggests that sellers are currently dominating the market, and it is likely that this bearish momentum will continue.

This development is not isolated. Similar patterns have been observed in other stocks, such as Tg Therapeutics (TGTX) and Telix, which have shown similar bearish signals [2][3]. Investors should closely monitor Univest Financial for further signs of downward trends.

In addition to the technical indicators, Univest Financial recently reported its second-quarter earnings, which were mixed. The company reported earnings of 17 cents per share, substantially missing the Zacks Consensus Estimate of 32 cents. Revenues in the second quarter totaled $141.1 million, up almost 92% year over year, driven by the strong demand for the company’s sole marketed drug, Briumvi (ublituximab-xiiy) [4].

The recent technical analysis and earnings report suggest that investors should be cautious about Univest Financial stock. The bearish momentum indicated by the KDJ Death Cross and Bearish Marubozu pattern, along with the mixed earnings announcement, may signal further potential declines in the stock price.

References:
[1] https://www.ainvest.com/news/univest-financial-15min-chart-exhibits-kdj-death-cross-bearish-marubozu-pattern-2508/
[2] https://www.ainvest.com/news/eagle-financial-15min-chart-triggers-kdj-death-cross-bearish-marubozu-signal-2507/
[3] https://www.ainvest.com/news/telix-15min-chart-triggers-kdj-death-cross-bearish-marubozu-pattern-2507/
[4] https://www.barchart.com/story/news/33894778/tgtx-down-as-q2-earnings-miss-mark-briumvi-sales-drive-top-line