Perma-Pipe's 15min chart: MACD Death Cross, KDJ Death Cross, Bearish Marubozu Triggered
Perma-Pipe's 15-minute chart has exhibited a significant technical indicator shift, as the Moving Average Convergence Divergence (MACD) has crossed below the signal line, indicating a potential bearish trend. Furthermore, the KDJ (KST-DIK) indicator has also crossed below the signal line, suggesting a weakening of bullish momentum. Additionally, the candlestick pattern of a Bearish Marubozu at 02/05/2026 15:00 supports the notion that the stock price has the potential to continue falling, with a momentum shift towards the downside. Sellers appear to be in control of the market, and there is a high likelihood of further decreases in the stock price, consistent with a bearish momentum trend.
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