Formula Systems (1985) 15-min Chart: MACD Death Cross, RSI Overbought, Bollinger Bands Narrowing

According to the 15-minute chart of Formula Systems (1985) at Bloomberg, there are several indicators that suggest a potential continuation of the downward trend in the stock price. Firstly, the MACD Death Cross signal indicates a shift in momentum, where the MACD line crosses below the signal line, signaling a decrease in upward momentum. Secondly, the RSI reading is above 70, indicating that the stock price has risen too rapidly and is likely to experience a correction. Lastly, the Bollinger Bands Narrowing at 12/01/2025 13:45 suggests that the magnitude of stock price fluctuations is decreasing, which may indicate a lack of volatility in the stock price. These indicators collectively suggest that the stock price has the potential to continue falling due to its rapid rise and lack of support from fundamentals.