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Locafy's 15min chart triggers MACD Death Cross, Bearish Marubozu candlestick pattern.
ByAinvest
Monday, Jul 21, 2025 10:08 am ET1min read
Locafy's 15-minute chart has recently triggered a MACD Death Cross and a bearish Marubozu at 07/21/2025 10:00. This technical indicator suggests that the stock price has the potential to continue its downward trend, as sellers are currently in control of the market. The bearish momentum is likely to persist in the near term, with further declines potentially on the horizon.
Locafy Ltd (LCFY) has experienced significant market movements recently, with its 15-minute chart triggering a MACD Death Cross and a bearish Marubozu on July 21, 2025, at 10:00. These technical indicators suggest that the stock price may continue its downward trend, with sellers currently in control of the market [1].The MACD Death Cross occurs when the MACD line crosses below the signal line, indicating a potential reversal of the current trend. In this case, the MACD line crossed below the signal line, signaling a bearish trend. Additionally, the appearance of a bearish Marubozu candlestick pattern suggests strong selling pressure, further confirming the downward momentum [1].
Based on the provided data, Locafy Ltd's stock price has been declining in recent weeks. On July 21, 2025, the stock price ended at $4.68, down from $4.90 on July 20, 2025. The price fluctuation during the last trading session was 8.17%, ranging from a day low of $4.53 to a day high of $4.90. This indicates a volatile market environment, with sellers exerting more influence than buyers [1].
The short selling ratio of Locafy Ltd (LCFY) has also increased, rising from 22.61% on July 17, 2025, to an unspecified level on July 21, 2025. This increase in short selling activity suggests that investors are anticipating a price reversion, further supporting the bearish trend [1].
In conclusion, the combination of the MACD Death Cross, bearish Marubozu, and increasing short selling ratio indicates that Locafy Ltd (LCFY) may continue its downward trend in the near term. Investors should exercise caution and closely monitor the market for any signs of a potential reversal.
References:
[1] https://intellectia.ai/stock/LCFY/forecast
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