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ePlus' 15min chart triggers KDJ Death Cross, bearish Marubozu signal.
ByAinvest
Monday, Sep 8, 2025 12:32 pm ET1min read
The 15-minute chart for ePlus has triggered a KDJ Death Cross and a Bearish Marubozu pattern at 09/08/2025 12:30. This indicates a shift in the momentum of the stock price towards the downside, with a potential for further decline. Sellers are currently in control of the market, and it is likely that bearish momentum will continue.
The 15-minute chart for ePlus (PLUS) has recently exhibited significant bearish signals, indicating a potential downward trend in the stock price. On September 5, 2023, at 10:45 AM, the Moving Average Convergence Divergence (MACD) indicator crossed below its signal line, forming a "death cross" [1]. This phenomenon typically indicates a weakening of the stock's upward momentum and suggests that the price may continue to decline.Additionally, the chart exhibited a Bearish Marubozu pattern [2]. A Marubozu candlestick pattern, with no shadows on both the upper and lower ends, indicates strong selling pressure and suggests that sellers are in control of the market. This pattern often precedes a continuation of the downward trend.
These indicators, combined with the fact that the Bollinger Bands have narrowed [3], suggest that the stock price is likely to continue its downward trend. The narrowing of the Bollinger Bands, which consist of a simple moving average and two standard deviations above and below it, indicates a decrease in the magnitude of stock price fluctuations. This narrowing, coupled with the "death cross," reinforces the bearish signal.
Investors should closely monitor these technical indicators and consider adjusting their trading strategies accordingly. While the stock's recent performance and technical indicators suggest a potential downward trend in the near future, it is essential to remain vigilant for any signs of a reversal.
References:
[1] https://www.ainvest.com/news/eplus-15min-chart-shows-macd-death-cross-kdj-death-cross-bearish-marubozu-2509/
[2] https://www.ainvest.com/news/eplus-15min-chart-bollinger-bands-expanding-downward-bearish-marubozu-formation-detected-2509/
[3] https://www.ainvest.com/news/eplus-macd-death-cross-bollinger-bands-narrowing-bearish-marubozu-15min-chart-2508/
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