OneMain's 15-Min Chart: Bollinger Band Squeeze, KDJ Death Cross, Bearish Marubozu
AinvestMonday, Jan 8, 2024 3:30 pm ET
1min read The 15-minute chart for OneMain Holdings has indicated a contraction in the Bollinger Bands, a bearish crossover in the KDJ indicator, and the formation of a Bearish Marubozu candlestick as of 3:15 PM on January 8, 2024. These technical signals suggest a diminution in the volatility of the stock's price, with momentum veering towards a downward trajectory. This pattern implies a potential for continued depreciation in the stock's value, as sellers appear to be dominating the market and the current bearish momentum is expected to persist.
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