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According to the 15-minute chart of Selective Insurance, a notable technical event has occurred. The Moving Average Convergence Divergence (MACD) indicator has crossed below the signal line, known as a "Death Cross," and the KDJ (Stochastic Oscillator) has also crossed below the signal line, also known as a "Death Cross." This occurs at 09:45 on November 5, 2023. These indicators suggest that the stock price has the potential to continue declining, as the momentum of the stock price is shifting towards the downside and may further decrease.
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