AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
According to the 15-minute chart of Intercorp Financial, the MACD has recently crossed below the signal line, a signal known as the "Death Cross," indicating a potential decline in stock price. The KDJ indicator has also crossed below the signal line, further supporting the notion of a bearish trend. The appearance of a "Bearish Marubozu" candlestick pattern at the same time reinforces the notion of a downward trend. These indicators suggest that the momentum of the stock price is shifting towards the downside and that the sellers are currently in control of the market. As a result, there is a high likelihood of further decreases in the stock price.
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet