Cathay General Bancorp's MACD Death Cross and Narrowing Bollinger Bands Alert

Cathay General Bancorp's 15-minute chart has exhibited a significant technical indicator, as the MACD has crossed below the signal line, signaling a potential continuation of the downward trend in the stock price. Furthermore, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. This suggests that the stock price may continue to experience a decline, with decreasing volatility in the short-term.