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Based on the 15-minute chart of First Mid Bancshares, several technical indicators suggest a bearish trend. Specifically, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ indicator has triggered a death cross, which signifies a shift in momentum towards the downside. Furthermore, the presence of a bearish Marubozu candlestick pattern at the aforementioned time supports the notion that sellers are in control of the market and that bearish momentum is likely to persist. Overall, these technical indicators suggest that the stock price has the potential to further decrease in the coming days.
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