Pathward Financial's 15-minute chart has recently triggered a MACD Death Cross and KDJ Death Cross, occurring on March 11th at 12:00. This indicates a potential for the stock price to continue its downward trajectory, as momentum is shifting towards the downside and may lead to further decreases.
Pathward Financial (PWF) experienced a significant shift in momentum on its 15-minute chart on March 11, 2023, with the Moving Average Convergence Divergence (MACD) and Kaufman Divergence (KDJ) both signaling bearish trends [1]. These chart patterns, widely recognized among traders, suggest that the stock price is poised to continue its downward trajectory.
The MACD Death Cross, which occurs when a short-term moving average crosses below a longer-term moving average, appeared on PWF's 15-minute chart on March 11, 2023, at 12:00 pm [1]. This signal, which indicates a possible trend reversal, suggests that the stock price may experience a significant decline.
In addition to the MACD Death Cross, the KDJ Death Cross, another bearish signal, also appeared on PWF's 15-minute chart on the same day [1]. This pattern, which indicates that the stock's momentum is shifting from positive to negative, further supports the potential for a bearish trend.
The bearish sentiment surrounding PWF is not isolated. The stock's 15-minute chart has exhibited a bearish trend following the occurrence of these two significant chart patterns. Furthermore, a Bearish Marubozu candlestick pattern, characterized by a large, solid red candlestick with a long lower shadow and short upper shadow, appeared on PWF's 15-minute chart on March 10, 2023 [2]. This pattern indicates a strong bearish sentiment and suggests that sellers are currently dominating the market.
Investors should closely monitor PWF's price action for any potential developments. The negative sentiment and bearish momentum surrounding the stock may persist, potentially leading to further declines.
References:
[1] Ainvest. (2023, March 11). Pathward Financial's bearish 15-minute chart signals further declines. Retrieved from https://www.ainvest.com/news/pathward-financial-s-bearish-15-minute-chart-signals-further-declines-250110010263def7db520463/
[2] Investopedia. (n.d.). Bearish Marubozu. Retrieved from https://www.investopedia.com/terms/b/bearish_marubozu.asp
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