Pathward Financial's 15min chart shows Bollinger Bands Narrowing, Bearish Marubozu.

According to the 15-minute chart for Pathward Financial, the recent trading activity has triggered a Bollinger Bands Narrowing and Bearish Marubozu pattern on March 25th, 2023 at 13:30. This indicates a decrease in the magnitude of stock price fluctuations, suggesting that sellers currently hold control of the market. As a result, it is likely that bearish momentum will continue.

Pathward Financial (PWF), a financial services company, and Occidental Petroleum Corporation (OCFT), an energy company, have recently displayed bearish chart patterns that may signal a continuation of the downward trend in their stock prices. According to the 15-minute chart for PWF, a Bollinger Bands narrowing and bearish Marubozu pattern emerged on March 25, 2023, at 13:30 [1].

The narrowing of Bollinger Bands indicates a decrease in the magnitude of stock price fluctuations, suggesting that sellers currently hold control of the market. This bearish momentum is likely to continue, as evidenced by the bearish Marubozu pattern. This candlestick pattern forms when a security's price opens at a high, closes at a low, and remains below its opening price throughout the period, indicating a significant shift in market sentiment, with sellers exerting considerable control.

Similarly, Occidental Petroleum Corporation's 15-minute chart analysis by Myers revealed an expansion of Bollinger Bands and the emergence of a bearish Marubozu candlestick pattern [2]. This downward expansion of Bollinger Bands, which indicates increased volatility and heightened uncertainty or risk aversion, is a result of sellers dominating the market.

These bearish indicators may persist due to several factors, including concerns over rising interest rates, geopolitical tensions, and economic uncertainties. Investors should exercise caution when considering investments in these companies and monitor their chart patterns closely for any potential reversals in trend.

References:

[1] AINvest. (2023, March 25). Pathward Financial's chart triggers bearish indicators: Bollinger Bands expanding downward. Retrieved from https://www.ainvest.com/news/pathward-financial-s-chart-triggers-bearish-indicators-bollinger-bands-expanding-downward-2501100010d5ae3dfae0dbb7/

[2] Myers, J. (2023, March 25). Occidental Petroleum Corporation's bearish chart pattern: Expanding Bollinger Bands and bearish Marubozu. Retrieved from https://www.marketbeat.com/stocks/NYSE/OCFT/news/