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Based on the analysis of Ovintiv's 15-minute chart, several technical indicators have triggered significant events. The Moving Average Convergence Divergence (MACD) has crossed below its signal line, signaling a potential downtrend in the stock price. Furthermore, the Bollinger Bands are narrowing, indicating a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ indicator has triggered a Death Cross, indicating a shift in momentum towards the downside and a potential further decrease in stock price. These indicators collectively suggest that the stock price has the potential to continue falling.
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