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Independent Bank's 15-Min Chart Triggers KDJ Death Cross, Bearish Marubozu Pattern
ByAinvest
Wednesday, Aug 20, 2025 10:02 am ET1min read
According to the 15-minute chart for Independent Bank, a KDJ Death Cross and Bearish Marubozu signal was triggered at 10:00 on August 20, 2025. This suggests that the momentum of the stock price is shifting towards the downside and has the potential to further decrease, with sellers dominating the market. As a result, the bearish momentum is likely to persist.
According to the 15-minute chart for Independent Bank Corp. (INDB), a KDJ Death Cross and a Bearish Marubozu signal was triggered at 10:00 on August 20, 2025. This technical indicator suggests a significant shift in momentum towards the downside, indicating that the stock price is likely to decrease further. The Bearish Marubozu candlestick pattern, characterized by a long body without any upper or lower wicks, suggests strong selling pressure with no reversal, reinforcing the bearish sentiment.The KDJ Death Cross occurs when the KDJ line crosses below the signal line, indicating a change in momentum from bullish to bearish. This signal is a strong indicator of a potential downward trend in the stock's performance. Despite the negative technical signals, the stock has shown some resilience, gaining 0.80% on the last trading day and rising from $66.71 to $67.24 [3].
Analysts have provided a mixed outlook for Independent Bank Corp. According to MarketBeat, out of 17 analysts, 2 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for INDB. The average price target is $76.58, representing a forecasted upside of 13.99% from the current price of $67.24 [3].
Investors should remain vigilant and adapt their strategies accordingly. The technical signals indicate a potential change in Independent Bank Corp.'s stock price trajectory, suggesting a need for caution and careful consideration of future market movements. The stock has shown signs of resilience, but the bearish momentum indicated by the KDJ Death Cross and Bearish Marubozu signals should not be ignored.
References:
[1] https://www.ainvest.com/news/fundamentals-15-minute-chart-triggers-kdj-death-cross-bearish-marubozu-pattern-2508/
[2] https://www.ainvest.com/news/mercadolibre-15min-chart-shows-kdj-death-cross-bearish-marubozu-2508/
[3] https://stockinvest.us/stock/INDB
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