Alarum Techno's 15min chart shows KDJ Death Cross, Bearish Marubozu signal.

The 15-minute chart for Alarum Techno has triggered a KDJ Death Cross, accompanied by a bearish Marubozu on August 15th, 2023 at 09:45. This indicates a shift in the momentum of the stock price towards the downside, with a potential for further decreases. The market is currently controlled by sellers, and it is likely that the bearish momentum will continue.

Alarum Technologies Ltd. (TLV:ALAR) has experienced a significant shift in its stock price momentum, with the 15-minute chart indicating a bearish trend on August 15th, 2023 at 09:45. The formation of a KDJ Death Cross, accompanied by a bearish Marubozu, suggests a potential for further decreases in the stock price. This market condition is characterized by a strong presence of sellers, signaling a likely continuation of the bearish momentum [1].

Despite the recent 27% share price gain over the past thirty days, Alarum Technologies' stock has been on a disappointing downward trajectory, with a 34% decline in the last twelve months. This performance has been accompanied by a price-to-sales (P/S) ratio of 3.5x, which is notably higher than the industry average of 1.5x. The elevated P/S ratio may indicate investor expectations of future revenue growth, but it is crucial to evaluate whether this expectation is justified [1].

Revenue growth has been relatively sluggish for Alarum Technologies, with a 4.7% increase in the last year and a 136% rise over the past three years. Analysts predict a 19% revenue growth for the coming year, which is slightly below the industry's anticipated expansion of 22%. The high P/S ratio seems to reflect market hopes for a turnaround in business prospects, but the analyst cohort remains cautious about this outlook [1].

The KDJ Death Cross and Marubozu formation signal a potential reversal in Alarum Technologies' stock price trajectory. Investors should be mindful of the high P/S ratio and the lack of robust revenue growth projections. The current market conditions suggest that the stock may face further downward pressure, making it challenging to sustain the high P/S ratio without significant improvements in the company's financial performance.

References:
[1] https://simplywall.st/stocks/il/software/tase-alar/alarum-technologies-shares/news/what-alarum-technologies-ltds-tlvalar-27-share-price-gain-is