According to OM'S Energy's 15-minute chart, the MACD Death Cross and KDJ Death Cross occurred at 08/05/2025 10:30. This suggests that the stock price is poised to continue declining, with a shift in momentum towards the downside and a potential for further decreases.
Old Point Financial Corporation (NASDAQ: OPOF) experienced a significant bearish signal on its 15-minute chart on August 4, 2025, at 9:45 a.m. The chart triggered a MACD Death Cross, KDJ Death Cross, and a Bearish Marubozu, indicating a potential continuation of the downward trend in stock price. These technical indicators suggest that momentum is shifting towards the downside, and sellers are dominating the market [1].
The MACD Death Cross occurs when the MACD line crosses below the signal line, indicating a change in momentum towards the downside. The KDJ Death Cross, where the K line crosses below the D line, further supports this bearish trend. The Bearish Marubozu candlestick pattern, characterized by a long body with no shadows, suggests strong market control by sellers, with bearish momentum likely to persist [1].
These developments follow a broader trend of narrowing Bollinger Bands and KDJ Death Cross formations observed in several other stocks, including ASGN and Cushing NextGen [2]. The combination of these technical indicators suggests that Old Point Financial's stock price is likely to continue its downward trend.
The recent developments in Old Point Financial's financial performance also provide some insights. The company reported Q2 2025 net income of $1.2 million, down from $2.2 million in Q1 2025 and $2.5 million in Q2 2024. Total assets decreased by 3.3% to $1.4 billion, and net loans decreased by 0.4% to $994.3 million. Deposits decreased by $46.2 million (3.7%), and non-performing assets decreased by 19.7% to $3.3 million compared to Q1 2025 [3].
The Bank maintains strong capital positions with a Tier 1 Capital ratio of 13.29% and leverage ratio of 10.57%. The company declared a quarterly dividend of $0.14 per share [3].
These developments suggest that while Old Point Financial maintains a strong capital position, the stock price may continue to face downward pressure due to the bearish signals observed on the 15-minute chart.
References:
[1] https://www.ainvest.com/news/point-financial-chart-shows-macd-death-cross-kdj-death-cross-bearish-marubozu-2508/
[2] https://www.ainvest.com/news/cid-15min-chart-signals-bearish-trend-bollinger-bands-narrowing-k
[3] https://www.stocktitan.net/news/OPOF/old-point-releases-second-quarter-2025-p329w7xsitpj.html
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