Greenwave's 15min chart triggers Bollinger Bands Narrowing, Bearish Marubozu pattern.

According to Greenwave's 15-minute chart, the stock has triggered a Bollinger Bands Narrowing signal, accompanied by a Bearish Marubozu candlestick pattern at 09/04/2025 10:45. This indicates that the magnitude of stock price fluctuations is decreasing, and sellers are currently dominating the market. As a result, it is likely that bearish momentum will continue.

Greenwave Technology Solutions Inc. (NASDAQ: GWAV) has recently experienced a series of bearish signals on its 15-minute chart, indicating a potential continuation of its downward price trajectory. On September 2, 2025, at 10:45, the stock triggered a Bollinger Bands Narrowing signal, accompanied by a Bearish Marubozu candlestick pattern. This combination of technical indicators suggests a decrease in the magnitude of stock price fluctuations and an increased dominance of sellers in the market, signaling a likely continuation of bearish momentum.

The Bollinger Bands Narrowing signal indicates that the range of price movements is shrinking, often preceding a significant price move in the direction of the most recent trend. The Bearish Marubozu pattern, characterized by a long red candle with no wicks, further confirms the downward momentum by indicating strong selling pressure. These patterns, combined with Greenwave's recent compliance issues with Nasdaq, suggest a shift in market sentiment towards a bearish trend.

Greenwave's stock has been subject to volatility due to its compliance issues with Nasdaq. The company received additional delinquency notices for failing to file required financial reports on time, which could potentially lead to delisting from the exchange [1]. Despite these challenges, the company has stated that it is "working diligently" to complete and file the delayed reports as soon as possible.

Investors should closely monitor Greenwave's stock and consider the implications of these technical indicators. While the company maintains a positive outlook, the recent patterns suggest a shift in market sentiment towards a bearish trend. Staying informed about the company's future earnings reports and any potential changes in market conditions is essential.

References:
[1] https://www.investing.com/news/stock-market-news/greenwave-stock-falls-after-additional-nasdaq-delinquency-notice-93CH-4212840