Hillenbrand 15-Min Chart Shows MACD Death Cross, Bearish Bollinger Expansion

Wednesday, Jun 26, 2024 11:37 am ET1min read
HI--

On the 15-minute chart for Hillenbrand, a bearish MACD crossover was observed, commonly referred to as a "Death Cross," coupled with a downward expansion of the Bollinger Bands as of 11:30 AM on June 26, 2024. This technical pattern suggests that the stock's price may be poised for further decline, indicating a market trend dominated by selling pressure.

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