The 15-minute chart of Newmarket has recently triggered a Golden Cross signal using the KDJ indicator, accompanied by a Bullish Marubozu pattern on August 4, 2025 at 3:00 PM. This indicates that the momentum of the stock price is shifting towards the upside and has the potential to further increase. As buyers continue to dominate the market, it is likely that bullish momentum will persist.
NewMarket Corporation (NEU), a manufacturer and seller of petroleum additives, has recently shown signs of bullish momentum with a KDJ Golden Cross and Bullish Marubozu pattern on its 15-minute chart. These technical indicators suggest a potential shift in the stock's price towards the upside.
On August 4, 2025, at 3:00 PM, NewMarket's 15-minute chart triggered a KDJ Golden Cross, which is a strong bullish signal. The KDJ indicator, which uses the K-line (average of closing prices over 9 periods), J-line (average of closing prices over 3 periods), and D-line (average of closing prices over 3 periods), is particularly effective in identifying trend changes. The K-line crossing above the J-line indicates a potential breakout from a downtrend and the start of a new uptrend [3].
Accompanying the KDJ Golden Cross was a Bullish Marubozu pattern, a candlestick formation characterized by a long white body with no shadows. This pattern signifies that the closing price was significantly higher than the opening price, indicating strong buying pressure throughout the period. The Bullish Marubozu reinforces the dominance of buyers in the market, suggesting that bullish momentum is likely to continue [3].
The recent technical breakout in NewMarket's stock aligns with the broader altcoin market's positive momentum. The altcoin market cap has surged to $1.39 trillion, breaking a key bullish "cup and handle" pattern, indicating strong growth potential [3].
Investors and financial professionals should closely monitor NewMarket's chart for further developments. The recent technical indicators suggest a potential for price appreciation, but it is essential to remain vigilant and conduct thorough analysis before making investment decisions. The market's continued bullish momentum, as indicated by the KDJ Golden Cross and Bullish Marubozu, offers a positive outlook for investors.
References:
[1] https://seekingalpha.com/news/4474992-newmarket-gaap-eps-of-11_84-revenue-of-698_51m
[2] https://finance.yahoo.com/news/why-newmarket-corporation-neu-surged-145644076.html
[3] https://www.ainvest.com/news/newmarket-15min-chart-sees-kdj-golden-cross-bullish-marubozu-signals-2507/
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