Monarch Casino's 15min chart sees MACD Death Cross, KDJ Death Cross

Monarch Casino's 15-minute chart has exhibited a MACD Death Cross and KDJ Death Cross at 06/04/2025 15:45, which suggests that the stock price has the potential to continue its downward trend. The momentum of the stock price is shifting towards the downside, with a potential for further decreases in the stock price.

Monarch Casino, a luxury casino and resort operator, reported its Q1 earnings on June 4, 2025. The company's stock exhibited significant technical indicators, including a MACD Death Cross and KDJ Death Cross, which could signal a continued downward trend in the stock price. This article aims to provide an objective analysis of Monarch Casino's Q1 performance and the implications of these technical indicators.

Q1 Earnings Overview

Monarch Casino reported revenues of $125.4 million for Q1 2025, up 3.1% year on year. This performance exceeded analysts' expectations by 2.1%, indicating a strong quarter for the company. The business also beat analysts' EPS and EBITDA estimates, achieving the biggest analyst estimates beat among its peers. The stock price responded positively to the earnings, rising 10.2% since reporting and currently trading at $83.64 [1].

Technical Indicators

# MACD Death Cross

The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. A MACD Death Cross occurs when the MACD line crosses below the signal line, indicating a potential reversal of the current trend. On June 4, 2025, at 15:45, Monarch Casino's 15-minute chart exhibited a MACD Death Cross, suggesting a potential shift in the stock's momentum towards the downside.

# KDJ Death Cross

The KDJ indicator is a momentum oscillator that consists of three lines: the K line, the D line, and the J line. A KDJ Death Cross occurs when the K line crosses below the D line, indicating a potential trend reversal. On the same day and time as the MACD Death Cross, Monarch Casino's 15-minute chart also exhibited a KDJ Death Cross, further suggesting a downward trend in the stock price.

Implications

The combination of a MACD Death Cross and KDJ Death Cross on the 15-minute chart of Monarch Casino's stock could indicate a continuation of the downward trend. Investors should closely monitor the stock's performance and consider the implications of these technical indicators. However, it is essential to note that technical indicators should be used in conjunction with fundamental analysis for a comprehensive understanding of a stock's potential.

Conclusion

Monarch Casino's Q1 earnings report was strong, with revenues and earnings exceeding analysts' expectations. However, the stock's technical indicators suggest a potential downward trend. Investors should remain vigilant and consider the implications of these indicators when making investment decisions. Further analysis and monitoring of the stock's performance will be necessary to determine the long-term impact of these technical signals.

References

[1] https://finance.yahoo.com/news/q1-rundown-wynn-resorts-nasdaq-033420402.html