Locafy's 15min chart shows MACD Death Cross, Bollinger Bands Narrowing, and KDJ Death Cross.
Based on Locafy's 15-minute chart, a series of technical indicators have been triggered, suggesting a potential downturn in the stock price. Specifically, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, indicating a bearish trend. Additionally, the Bollinger Bands have narrowed, indicating a decrease in volatility, while the KDJ (KST-Diff) has also crossed below the signal line, further reinforcing the bearish trend. These indicators suggest that the stock price is likely to continue falling, with a decreasing magnitude of fluctuations, and a momentum shift towards the downside. Consequently, there is potential for further declines in the stock price.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments
No comments yet