In accordance with Fly-E's 15-minute chart, a KDJ Death Cross and Bearish Marubozu were triggered on July 16, 2025 at 10:30. This indicates a shift in the momentum of the stock price towards the downside and a potential further decrease. The market is currently controlled by sellers, and it is likely that this bearish momentum will continue.
Fly-E Group Inc (FLYE) has experienced significant technical shifts in its stock price, as indicated by a KDJ Death Cross and Bearish Marubozu on its 15-minute chart on July 16, 2025, at 10:30. These technical indicators suggest a potential reversal in momentum, signaling a move towards the downside. The market is currently dominated by sellers, and this bearish trend is expected to continue.
The KDJ Death Cross, a bearish signal, occurs when the K line crosses below the D line on the KDJ indicator. This indicates a potential reversal in the stock's trend. The Bearish Marubozu, another bearish signal, appears when the stock opens and closes at the same price, with no wicks, suggesting strong selling pressure. These signals, combined with the recent price movements, indicate that the stock may experience further declines.
The 15-minute chart shows that FLYE's price has been volatile, with a significant drop from $4.22 on July 15, 2025, to $3.60 on July 16, 2025. The volume has also increased, suggesting that the selling pressure is strong. The technical indicators, including the Moving Average trends and Short Selling analysis, also support a bearish outlook. The short sale ratio has increased to 28.46%, indicating that short sellers are anticipating further declines.
Fly-E Group Inc's recent financial performance, as reported in their GAAP earnings, shows an EPS of -$1.10 and revenue of $25.4M for the fiscal year. While these figures are not directly related to the technical indicators, they provide additional context for the stock's performance.
In conclusion, the technical indicators suggest that Fly-E Group Inc (FLYE) is likely to experience further price declines in the near term. Investors should closely monitor the stock's performance and consider the implications of the bearish signals on their investment strategies.
References:
[1] https://intellectia.ai/stock/FLYE/forecast
[2] https://seekingalpha.com/news/4468009-fly-e-group-gaap-eps-of-1_10-revenue-of-25_4m
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