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Olympic Steel's 15min chart triggers KDJ Death Cross, Bearish Marubozu.
ByAinvest
Friday, Aug 15, 2025 1:19 pm ET1min read
The 15-minute chart for Olympic Steel recently triggered a KDJ Death Cross and a Bearish Marubozu at 08/15/2025 13:15. This indicates a shift in momentum towards a downward trend and a potential for further decreases in the stock price. Sellers are currently in control of the market, and there is a strong likelihood that this bearish momentum will continue.
Title: Olympic Steel's 15-Minute Chart Triggers KDJ Death Cross and Bearish MarubozuOn August 15, 2025, at 13:15, the 15-minute chart for Olympic Steel triggered a KDJ Death Cross and a Bearish Marubozu pattern. This technical analysis suggests a shift in momentum towards a downward trend and a potential for further decreases in the stock price. Sellers are currently in control of the market, and there is a strong likelihood that this bearish momentum will continue.
The KDJ Death Cross is a technical indicator that signals a bearish trend by showing a crossover of the KDJ lines. The Bearish Marubozu pattern, characterized by long candlestick bodies with no shadows, indicates strong selling pressure. Both indicators align with Olympic Steel's recent earnings report, which showed a decline in earnings and revenue compared to the same period last year [1].
Despite the bearish technical signals, Olympic Steel's stock has demonstrated resilience in the face of market volatility. 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 also remained positive, indicating that it is still generating profits [2].
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-triggered-kdj-death-cross-bearish-marubozu-2508/
[2] 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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