Merit Medical's 15min chart shows Bollinger Bands Narrowing, KDJ Death Cross, Bearish Marubozu

Based on the 15-minute chart of Merit Medical, there are several technical indicators that suggest a bearish trend. The Bollinger Bands are narrowing, indicating a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ (KST, DMI, and JMA) Death Cross has occurred, which is a bearish signal that suggests the momentum of the stock price is shifting towards the downside. Furthermore, the presence of a Bearish Marubozu candlestick pattern on April 2nd at 12:30 suggests that sellers are in control of the market. Given these indicators, it is likely that the bearish momentum will continue.