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According to the 15-minute chart of ACV Auctions, the MACD indicator has crossed below the signal line, indicating a bearish trend. Furthermore, the stock price has exhibited a Bearish Marubozu candlestick pattern, which suggests a strong downward movement. As a result, the technical indicators suggest that the stock price has the potential to continue declining, with sellers dominating the market and bearish momentum likely to persist.
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