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Nayax's 15min chart triggered MACD Death Cross, Bollinger Bands expanding downward.
ByAinvest
Thursday, Jul 10, 2025 10:19 am ET1min read
Nayax's 15-minute chart recently exhibited a MACD Death Cross and Bollinger Bands Expanding Downward, which occurred on July 10th, 2025 at 10:15. This technical indicator suggests that the stock price has the potential to continue its downward trend, driven by selling pressure in the market.
On July 10th, 2025, at 10:15, Nayax Ltd. (NASDAQ:NYAX) exhibited a significant technical indicator that could signal a potential downward trend in its stock price. The 15-minute chart showed a MACD Death Cross and Bollinger Bands expanding downward, suggesting selling pressure in the market [1].The MACD Death Cross occurs when the MACD line crosses below the signal line, indicating a bearish trend. The expanding Bollinger Bands, which measure volatility, suggest that the stock's price is moving away from its average price, indicating increased uncertainty and potential price drops [1].
Analysts have provided a mixed outlook on Nayax. While several analysts have issued "buy" ratings with varying price targets, others have maintained a more cautious stance. B. Riley and Jefferies Financial Group have set price targets at $47.00 and $47.00, respectively, while Keefe, Bruyette & Woods have a target of $40.00 [1].
Institutional investors have shown interest in Nayax, with Goldman Sachs Group Inc. increasing its holdings by 43.9% in the first quarter [1]. However, the company's recent earnings report showed a miss on earnings per share, which may have contributed to the technical indicators' signals.
Given the technical indicators and the mixed analyst sentiment, investors should closely monitor Nayax's performance. The MACD Death Cross and expanding Bollinger Bands suggest a potential downward trend, but the company's strong institutional backing and diverse product offerings may provide a buffer against significant price drops.
References:
[1] https://www.marketbeat.com/instant-alerts/nayax-nasdaqnyax-sees-large-volume-increase-should-you-buy-2025-07-08/
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