Old Point Financial's 15-minute chart exhibits Bollinger Bands narrowing, along with a KDJ Death Cross at 08/29/2025 15:45. This indicates a decrease in the magnitude of stock price fluctuations and a shift in momentum towards a downward trend, which may lead to further declines in the stock price.
Old Point Financial's 15-minute chart has recently exhibited Bollinger Bands narrowing, accompanied by a KDJ Death Cross at 08/29/2025 15:45. This combination of technical indicators suggests a decrease in the magnitude of stock price fluctuations and a shift in momentum towards a downward trend, potentially leading to further declines in the stock price.
Bollinger Bands Narrowing indicates a decrease in volatility, which can sometimes precede a significant price movement. The KDJ Death Cross, a crossover of the K line and the D line on the KDJ indicator, signals a potential change in trend. This combination of indicators suggests a potential for downward pressure on the stock price.
Old Point Financial has faced challenges in recent quarters, as evidenced by its Q2 2025 earnings report. The company reported a sharp drop in headline net income (GAAP) to $0.24 per share, with merger expenses and deposit outflows weighing on the results. Despite this, the company's net interest margin (FTE, non-GAAP) improved to 3.71%, reflecting improved loan and deposit management. However, the company's balance sheet contracted, with total assets, loans, and deposits all declining between December 31, 2024 and June 30, 2025 [2].
Investors should closely monitor Old Point Financial's situation and consider the implications of these market indicators. While the stock has shown resilience in the face of challenges, the recent bearish signals suggest that further downward pressure may be exerted on the stock price.
References:
[1] https://www.ainvest.com/news/point-financial-15min-chart-triggers-macd-kdj-death-cross-signals-2508/
[2] https://www.aol.com/finance/old-point-opof-q2-eps-195935350.html
Comments
No comments yet