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Based on the 15-minute chart for Arqit Quantum, there are two notable indicators that suggest a potential downward trend in the stock price. Firstly, the Moving Average Convergence Divergence (MACD) has triggered a Death Cross, which is a bearish signal that typically indicates a reversal in the trend and a potential decline in the stock price. Secondly, the Bollinger Bands are narrowing, which suggests that the magnitude of the stock price fluctuations is decreasing. This could indicate that the stock price is becoming more volatile and susceptible to further downward movement. Overall, these indicators suggest that the stock price has the potential to continue falling in the near term.
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