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Acme United's 15-minute chart indicates RSI overbought and KDJ death cross.
ByAinvest
Friday, Aug 8, 2025 1:47 pm ET1min read
Acme United's 15-minute chart has triggered both RSI Overbought and KDJ Death Cross indicators on August 8, 2025, at 13:30. This suggests that the stock price has risen too quickly and exceeds its fundamental support level, indicating a shift in momentum towards a downward trend and potential further decreases.
Acme United Corporation (ACU), a leading supplier of cutting, measuring, first aid, and sharpening products, has seen its stock price rise significantly in recent months. However, a close examination of its 15-minute chart reveals concerning technical indicators that suggest a potential downward trend.On August 8, 2025, at 13:30, the Relative Strength Index (RSI) reached an overbought level, indicating that the stock price has risen too quickly and is no longer supported by fundamental values [1]. Additionally, the Keltner's J-Momentum Divergence (KDJ) triggered a death cross, a bearish signal that suggests a shift in momentum towards a downward trend [1].
The RSI overbought level and KDJ death cross are not isolated occurrences but are part of a broader trend. ACU's stock price has been volatile, with significant insider selling activities over the past few months. The President and other executives have sold substantial shares, raising questions about the company's future prospects [2].
Moreover, ACU's stock is trading at 58% below its estimated fair value, indicating that the market may be undervaluing the company's fundamentals [2]. The recent price rise, driven by improved investor sentiment, may have led to an overvaluation, as indicated by the RSI and KDJ signals.
Investors should closely monitor ACU's stock and consider the implications of these technical indicators. While the company's fundamentals remain strong, the recent price movements and technical signals suggest a potential downward trend. As always, it is crucial for investors to conduct thorough research and consider their risk tolerance before making investment decisions.
References:
[1] https://www.ainvest.com/news/acme-united-15-minute-chart-rsi-overbought-kdj-death-cross-2508-87/
[2] https://simplywall.st/stocks/us/commercial-services/nysemkt-acu/acme-united
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