Central Puerto's 15min chart triggers KDJ Death Cross, Bearish Marubozu signal.

Central Puerto's 15-minute chart has recently triggered a KDJ Death Cross and a bearish Marubozu pattern. This indicates a shift in momentum towards the downside, with potential for further decreases in the stock price. Sellers have taken control of the market, and it is likely that this bearish momentum will continue.

Central Puerto (NYSE: CEPU) reported its second-quarter (Q2) earnings, with a GAAP EPS of $0.00 and revenue of $179.6 million, marking a 6.7% year-over-year increase [1]. The company's latest financial performance, while showing revenue growth, indicates a lack of profitability, as earnings per share remained unchanged.

Technical analysis of Central Puerto's stock price has revealed concerning patterns. The 15-minute chart has triggered a KDJ Death Cross and a bearish Marubozu pattern, signaling a potential shift in momentum towards the downside. These indicators suggest that sellers have taken control of the market, and the bearish momentum is likely to persist [2].

The KDJ Death Cross, formed by the intersection of the K and D lines on the KDJ indicator, is a strong bearish signal. The Marubozu pattern, characterized by a single candle with no wicks, further supports this bearish sentiment by indicating that the market has no interest in buying or selling at any price other than the closing price. These technical indicators suggest that Central Puerto's stock price may continue to decrease.

Investors should closely monitor Central Puerto's earnings and stock price movements. While the company's revenue growth is encouraging, the lack of earnings and the bearish technical indicators warrant caution. It is essential for investors to stay informed and make decisions based on both financial performance and market trends.

References:
[1] https://seekingalpha.com/news/4483203-central-puerto-gaap-eps-of-0_00-revenue-of-179_6m
[2] https://seekingalpha.com/news/4483203-central-puerto-gaap-eps-of-0_00-revenue-of-179_6m