Arqit Quantum: MACD Death Cross, Bollinger Bands Narrowing, KDJ Death Cross on 15min chart.
According to the technical analysis of Arqit Quantum's 15-minute chart, there are several indicators that suggest a potential downward trend for the stock price. Firstly, the MACD (Moving Average Convergence Divergence) indicator has triggered a "Death Cross," which indicates that the momentum of the stock price is shifting towards the downside and has the potential to further decrease. Additionally, the Bollinger Bands are narrowing, which suggests that the magnitude of stock price fluctuations is decreasing. Finally, the KDJ (KST Divergence Indicator) has also triggered a "Death Cross," which further supports the notion that the stock price has the potential to continue falling. Overall, these indicators suggest that investors should be cautious and monitor the stock price closely for potential further decreases.
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