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Olympic Steel's 15min chart shows MACD Death Cross, Bearish Marubozu pattern.
ByAinvest
Monday, Aug 18, 2025 11:03 am ET1min read
Olympic Steel's 15-minute chart has recently exhibited a significant bearish trend, as evidenced by the occurrence of a MACD Death Cross and a Bearish Marubozu pattern on August 18, 2025 at 11:00. This technical indicator suggests that the stock price has the potential to continue its downward trajectory, with sellers currently dominating the market and bearish momentum likely to persist.
Olympic Steel's 15-minute chart has recently exhibited a significant bearish trend, as evidenced by the occurrence of a MACD Death Cross and a Bearish Marubozu pattern on August 18, 2025, at 11:00. This technical indicator suggests that the stock price has the potential to continue its downward trajectory, with sellers currently dominating the market and bearish momentum likely to persist [1].The MACD (Moving Average Convergence Divergence) indicator crossed below its signal line, signaling a bearish momentum. Additionally, the formation of a Bearish Marubozu candlestick pattern indicates strong selling pressure [1]. These technical signals align with the company's recent earnings report, which showed a decline in earnings and revenue compared to the same period last year [2].
Despite these bearish technical signals, Olympic Steel's stock has demonstrated resilience. The company's earnings report for the quarter ended June 30, 2025, showed a 45 cents per share adjusted earnings, which was lower than the same period last year but within the expected range. The company's net income remained positive, indicating that it is still generating profits [3].
Investors should closely monitor Olympic Steel's performance and the broader market conditions to make informed decisions. While the technical indicators suggest a bearish trend, the company's fundamentals indicate that it is still a viable investment. It is crucial to stay informed about the company's earnings reports and any developments in the global steel market, which could impact the stock's performance.
References:
[1] https://www.ainvest.com/news/olympic-steel-15min-chart-shows-macd-death-cross-bearish-marubozu-2508/
[2] https://www.ainvest.com/news/olympic-steel-15min-chart-triggered-macd-death-cross-bearish-marubozu-2508/
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TS3QQ:0-olympic-steel-inc-reports-results-for-the-quarter-ended-june-30-earnings-summary/
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