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Perma-Pipe's 15min chart shows MACD death cross, Bollinger Bands narrowing.
ByAinvest
Thursday, Aug 14, 2025 1:32 pm ET1min read
Perma-Pipe's 15-minute chart has exhibited a MACD Death Cross and narrowing Bollinger Bands as of August 14, 2025, at 13:30. This suggests that the stock price has the potential to continue declining, with a decreased magnitude of fluctuations.
As of August 14, 2025, at 13:30, Perma-Pipe International Holdings Inc's 15-minute chart has shown a MACD Death Cross and narrowing Bollinger Bands. These technical indicators suggest that the stock price may continue to decline, with a potential decrease in the magnitude of fluctuations.The MACD (Moving Average Convergence Divergence) Death Cross occurs when the MACD line crosses below the signal line, indicating a potential bearish trend. This signal is often used by traders to anticipate a change in the direction of the stock price. In Perma-Pipe's case, the MACD Death Cross suggests that the stock may be entering a downward trend.
The narrowing of the Bollinger Bands indicates a decrease in volatility, which can be a sign of a potential trend change. Narrowing Bollinger Bands often precede a significant move in the stock price, either up or down. In this case, the narrowing Bollinger Bands suggest that the stock price may continue to decline with less fluctuation.
While these technical indicators suggest a potential downward trend, it is essential to consider other factors as well. Perma-Pipe International Holdings Inc has shown strong performance in recent quarters, with a significant increase in its backlog and revenue. However, the company's reliance on project-based contracts and exposure to geopolitical risks could pose challenges to its growth prospects.
Investors should closely monitor the stock price and other technical indicators to make informed decisions about their investments in Perma-Pipe International Holdings Inc. It is also crucial to consider the company's fundamentals and the broader market conditions when evaluating the stock's potential.
References:
[1] https://stockinvest.us/stock/PPIH
[2] https://finimize.com/content/ppih-asset-snapshot
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