Forward Industries: MACD Death Cross and KDJ Death Cross Triggered in 15min Chart

The 15-minute chart for Forward Industries has recently triggered a MACD Death Cross and a KDJ Death Cross, both occurring on September 25th, 2025 at 09:45. This suggests that the stock price may continue to decline and the momentum is shifting towards a downtrend, potentially leading to further decreases in value.

The 15-minute chart for Forward Industries (FORD) recently triggered a MACD Death Cross and a KDJ Death Cross on September 25, 2025, at 09:45. This technical indicator suggests a potential shift in momentum towards a downtrend, which may lead to further declines in the stock's value.

The MACD (Moving Average Convergence Divergence) and KDJ (Kaufman Adaptive Moving Average) indicators are widely used by technical analysts to identify changes in the direction of a stock's price. A MACD Death Cross occurs when the MACD line crosses below the signal line, indicating a potential change in the stock's momentum. Similarly, a KDJ Death Cross signals a potential trend reversal when the KDJ line crosses below the K line.

Given the recent pivot towards cryptocurrency, particularly Solana (SOL), Forward Industries has seen significant volatility in its stock price. The company's stock soared over 500% year-to-date and reached a multi-year high of around $46 in mid-September 2025 following the announcement of its crypto strategy [1]. However, the stock has since experienced extreme volatility, including a sharp decline in September 2025, potentially reflecting investor caution and technical sell signals.

Forward Industries' new strategy, which involves a significant investment in Solana tokens, has been met with skepticism by Wall Street analysts. At least one research note downgraded FORD to a "strong sell" due to concerns about the stock's fundamentals and the potential disconnect between the stock's surge and its underlying value [2]. The company's financial health remains fragile, with a negative net margin and a return on equity of -1,522% before its crypto pivot [3].

The technical indicators suggest that Forward Industries may face further headwinds in the near term. Investors should closely monitor the company's performance and the broader market conditions to assess the potential impact of these technical signals. While the company's crypto strategy presents unique opportunities, the high-risk, high-reward nature of its investment in Solana requires a cautious approach.