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According to the 15-minute chart of Everspin, there are several technical indicators that suggest a bearish trend for the stock. The MACD Death Cross, Bollinger Bands Narrowing, and Bearish Marubozu all indicate that the stock price has the potential to continue falling, with a decreasing magnitude of fluctuations. This suggests that sellers are currently in control of the market, and that bearish momentum is likely to continue.
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