PennyMac Financial's 15min Chart Shows MACD Death Cross, KDJ Death Cross Triggered

PennyMac Financial's 15-minute chart has recently triggered both the MACD Death Cross and KDJ Death Cross at 10:15 on August 28, 2025. This indicates a potential for the stock price to continue its downward trajectory, as the momentum of the stock price is shifting towards the downside and may further decrease.

On August 28, 2025, PennyMac Financial Services (NYSE: PFSI) experienced a significant market event. At 10:15, the 15-minute chart triggered both the MACD Death Cross and KDJ Death Cross. These technical indicators suggest a potential shift in the stock's momentum towards the downside, indicating a possible further decrease in the stock price.

The MACD (Moving Average Convergence Divergence) Death Cross occurs when the MACD line crosses below the signal line, often signaling a bearish trend. The KDJ (Kaufman Adaptive Moving Average) Death Cross, on the other hand, is a more recent indicator that combines the KDJ oscillator with the RSI (Relative Strength Index) to signal potential trend reversals. When the KDJ line crosses below the RSI line, it suggests a bearish trend.

These technical indicators are not infallible and should be used in conjunction with other forms of analysis. However, they provide valuable insights into the current market sentiment and potential future price movements. Investors should remain vigilant and monitor the stock closely for any further developments.

In recent news, Wells Fargo has assumed coverage on PennyMac Financial with an Overweight rating and a price target of $115.00 [2]. Despite this positive rating, the stock has faced challenges, including a recent earnings miss in the second quarter. PennyMac Financial reported an EPS of $2.54, missing the forecasted $2.88, and revenue of $444.73 million, which was below the expected $545.04 million. This earnings miss was primarily due to lower gain on sale income, although it was partially offset by higher servicing fees.

The company also announced the pricing of a $650 million senior notes offering at an interest rate of 6.750%, with the notes maturing in 2034. The proceeds will be used to repay borrowings and for general corporate purposes.

Investors should consider these technical indicators and recent financial developments when evaluating PennyMac Financial. It is essential to stay informed about the company's performance and market conditions to make well-informed investment decisions.

References:
[1] https://markets.financialcontent.com/stocks/article/stockstory-2025-8-22-prog-walker-and-dunlop-rocket-companies-ready-capital-and-pennymac-financial-services-shares-skyrocket-what-you-need-to-know
[2] https://www.investing.com/news/analyst-ratings/wells-fargo-assumes-coverage-on-pennymac-financial-stock-with-overweight-rating-93CH-4208672