Forward Industries: MACD Death Cross and Narrowing Bollinger Bands on 15min chart.

The 15-minute chart for Forward Industries has recently triggered a MACD Death Cross and Bollinger Bands Narrowing event, which occurred on September 29, 2025 at 15:45. This development suggests that the stock price has the potential to continue declining, with a notable decrease in the magnitude of price fluctuations.

On September 29, 2025, at 15:45, the 15-minute chart for Forward Industries triggered a MACD Death Cross and Bollinger Bands Narrowing event. These technical indicators suggest a potential continuation of the stock's downward trend. The MACD Death Cross indicates a bearish signal, while the narrowing of the Bollinger Bands signals a decrease in price volatility The largest SOL treasury company, Forward, saw its stock price drop by over 10%, bringing its market capitalization down to $2.236 billion.^[1].

Forward Industries, the largest SOL treasury company, has seen its stock price drop significantly. Since reaching its peak on September 12, the stock price has decreased by 44%, with the latest decline occurring on September 30, 2025, when the stock price fell by more than 10%, bringing the market value to $22.36 billion. The company has accumulated 6.822 million SOL at an average price of $232, with a total cost of approximately $1.58 billion The largest SOL treasury company, Forward, saw its stock price drop by over 10%, bringing its market capitalization down to $2.236 billion.^[1].

Earlier, on September 17, 2025, Forward Industries announced a $4 billion ATM plan to the US SEC, intended for general corporate purposes, including implementing the Solana strategy, purchasing income-generating assets, and other capital expenditures The largest SOL treasury company, Forward, saw its stock price drop by over 10%, bringing its market capitalization down to $2.236 billion.^[1].

The recent technical events and the stock's decline suggest that investors should be cautious. While the Bollinger Bands narrowing indicates reduced volatility, the MACD Death Cross signals a potential continuation of the downward trend. Investors should closely monitor these developments and consider the broader market conditions before making investment decisions.