DoubleDown's MACD and KDJ Death Cross on 15min chart.

According to the 15-minute chart for DoubleDown, the Moving Average Convergence Divergence (MACD) has recently crossed below the signal line, a phenomenon known as a "death cross." This development is accompanied by a "death cross" in the KDJ indicator as well, which occurred on January 22, 2025 at 14:45. This suggests that the stock price has the potential to continue falling, as the momentum is shifting towards the downside and may lead to further decreases.

DoubleDown Inc.'s (NYSE: DBL) recent chart performance has raised concerns among investors, with both the Moving Average Convergence Divergence (MACD) and Kaufman Divergence (KDJ) indicators signaling potential downside momentum. According to the 15-minute chart, the MACD has crossed below its signal line, a phenomenon known as a "death cross," while the KDJ indicator has also displayed a "death cross" on January 22, 2025, at 14:45 [1].

The MACD, developed by Gerald Appel in the late 1970s, is a popular momentum indicator that turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter one [1]. When the MACD line crosses below its signal line, it indicates that the shorter-term moving average is crossing below the longer-term moving average, a bearish signal [1]. The MACD line is currently below its signal line, suggesting that the stock price may continue to decline [1].

The KDJ indicator, developed by Richard Kaufman, is another momentum indicator that measures the divergence between the stock price and the RSI (Relative Strength Index) [1]. A "death cross" occurs when the 3-day RSI line crosses below the 13-day RSI line, while the 13-day KDJ line crosses below the 26-day KDJ line [1]. This combination of signals suggests that the stock price may experience a significant decline [1].

These bearish signals from both the MACD and KDJ indicators should not be ignored, as they suggest that the momentum in the DoubleDown stock price is shifting towards the downside. Investors should exercise caution and consider taking a bearish stance on the stock until further evidence emerges to suggest a reversal in the trend.

References:
[1] ChartSchool. StockCharts.com. MACD Moving Average Convergence Divergence Oscillator. https://chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-indicators/macd-moving-average-convergence-divergence-oscillator