Matthews International's 15min chart shows Bollinger Bands narrowing, bearish Marubozu signal.

According to the 15-minute chart for Matthews International, the recent price action has triggered a narrowing of Bollinger Bands and a bearish Marubozu at 09/03/2025 14:00. This suggests a decrease in the magnitude of stock price fluctuations, indicating that sellers are currently in control of the market. Furthermore, this bearish momentum is likely to persist in the near future.

Matthews International (NASDAQ: MATW) has recently experienced a significant shift in its market trend, as indicated by the narrowing of Bollinger Bands and the appearance of a bearish Marubozu pattern on its 15-minute chart. This development suggests a decrease in the magnitude of stock price fluctuations, with sellers currently controlling the market. These signals are likely to persist in the near future, potentially leading to further downward pressure on the stock price.

The Bollinger Bands, which are volatility indicators, have narrowed significantly, indicating a reduction in the stock's price movement away from its moving average. The appearance of a bearish Marubozu pattern, characterized by a single candle with no shadows, further supports this bearish sentiment. This pattern signifies strong selling pressure, suggesting that buyers are not able to gain control over the market.

Historically, Matthews International has faced challenges with its business model. The company's products and services have few die-hard fans, with sales declining by 6.5% annually over the last two years. Additionally, earnings per share have fallen by 14.8% annually over the last five years, despite revenue growth. This cash-burning history raises concerns about the long-term viability of its business model. The stock is currently trading at $24.19 per share, with a valuation ratio of 15.8x forward EV-to-EBITDA.

Investors are advised to closely monitor the situation and consider their investment strategies accordingly. The recent bearish indicators, combined with the company's historical performance, suggest that Matthews International may continue to face downward pressure on its stock price.

References:
[1] https://www.ainvest.com/news/matthews-international-15min-chart-shows-kdj-death-cross-bearish-marubozu-2509/
[2] https://finance.yahoo.com/news/1-wall-street-favorite-stock-043534323.html