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Olympic Steel Triggers MACD Death Cross, Bearish Marubozu on 15-Minute Chart.
ByAinvest
Thursday, Sep 4, 2025 3:02 pm ET1min read
According to the 15-minute chart for Olympic Steel, a significant technical indicator, the MACD Death Cross, has been triggered, coupled with a bearish Marubozu candle at 09/04/2025 15:00. This suggests that the stock price has the potential to continue declining, with sellers dominating the market and a bearish momentum likely to persist.
According to the 15-minute chart for Olympic Steel, a significant technical indicator, the MACD Death Cross, has been triggered, coupled with a bearish Marubozu candle at 09/04/2025 15:00. This suggests that the stock price has the potential to continue declining, with sellers dominating the market and a bearish momentum likely to persist.The MACD (Moving Average Convergence Divergence) Death Cross is a technical indicator that signals a bearish trend. It occurs when the MACD line crosses below the signal line, indicating a potential reversal in the stock's momentum. The presence of a bearish Marubozu candle, characterized by long candlestick bodies with no shadows, further reinforces the bearish sentiment. This pattern suggests strong selling pressure and a continuation of the downward trend [1].
Investors should closely monitor Olympic Steel's performance and the broader market conditions to make informed decisions. The company's recent earnings report showed a decline in earnings and revenue compared to the same period last year, aligning with the technical indicators [1]. Despite these bearish signals, Olympic Steel's stock has shown resilience in the face of market volatility.
Additionally, Olympic Steel, Inc. (NASDAQ:ZEUS) has characteristics historically associated with poor future stock performance. The company has decelerating momentum and negative EPS revisions when compared to other Materials stocks, leading to a Sell rating from a quantitative rating system [2]. Stocks rated Sell or worse by this system have massively underperformed the S&P 500 over the last 10 years. This further underscores the caution investors should exercise when considering Olympic Steel's stock.
References:
[1] https://www.ainvest.com/news/olympic-steel-15min-chart-shows-kdj-death-cross-bearish-marubozu-pattern-2508/
[2] https://seekingalpha.com/warnings/4489899-warning-zeus-is-at-high-risk-of-performing-badly
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