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According to the 15-minute chart for Rex American, there have been two significant technical indicators that have triggered a bearish signal. Firstly, the Moving Average Convergence Divergence (MACD) indicator has crossed below the signal line, known as a "death cross," which suggests that the stock price has the potential to continue falling. Secondly, the KDJ (Stochastic Oscillator) indicator has also crossed below the signal line, known as a "death cross," which reinforces the bearish momentum and indicates that the stock price is shifting towards the downside, with a potential for further decreases. These indicators suggest that investors should be cautious and consider selling or reducing their positions in Rex American.
According to the 15-minute chart for Rex American Resources (NYSE: REX), two significant technical indicators have triggered bearish signals. Firstly, the Moving Average Convergence Divergence (MACD) indicator crossed below the signal line, known as a "death cross." This suggests that the stock price has the potential to continue falling [1]. Secondly, the KDJ (Stochastic Oscillator) indicator also crossed below the signal line, reinforcing the bearish momentum and indicating a potential shift towards the downside [2]. These indicators suggest that investors should be cautious and consider selling or reducing their positions in Rex American Resources.Daily stocks & crypto headlines, free to your inbox
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