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SiriusPoint's 15min chart displays KDJ Death Cross and Bearish Marubozu signals.
ByAinvest
Friday, May 30, 2025 12:45 pm ET1min read
Based on the 15-minute chart for SiriusPoint, the KDJ Death Cross and Bearish Marubozu at 12:30 on May 30, 2025 indicate a shift in the stock's momentum towards a downward trend. This suggests that the stock's price has the potential to continue decreasing, as sellers currently dominate the market and bearish momentum is likely to persist.
SiriusPoint Ltd. (SPL) is set to undergo a significant change in its shareholder dynamics following a recent lock-up agreement. According to the company's latest prospectus supplement, certain common shares of SiriusPoint Ltd. are subject to a lock-up agreement ending on May 27, 2025. This lock-up period will last for 91 days, starting from February 25, 2025, to May 27, 2025 [1].During this period, the selling shareholders have agreed not to engage in any sales, offers, contracts, or loans of common shares or related securities. They are also prohibited from establishing or increasing any put equivalent positions or liquidating call equivalent positions. Furthermore, they cannot pledge, hypothecate, or grant any security interest in these shares [1].
Market analysis based on the 15-minute chart for SiriusPoint Ltd. indicates a shift in the stock's momentum towards a downward trend. The KDJ Death Cross and Bearish Marubozu at 12:30 on May 30, 2025, suggest a potential continuation of the downward price movement. This is due to the current dominance of sellers in the market and the persistence of bearish momentum [2].
Investors should closely monitor the situation as the lock-up period progresses. The ability of selling shareholders to trade freely post-May 27, 2025, could impact the stock's liquidity and price volatility.
References:
[1] https://www.marketscreener.com/quote/stock/SIRIUSPOINT-LTD-13940101/news/Certain-Common-Shares-of-SiriusPoint-Ltd-are-subject-to-a-Lock-Up-Agreement-Ending-on-27-MAY-2025-50068016/
[2] Based on the 15-minute chart for SiriusPoint, the KDJ Death Cross and Bearish Marubozu at 12:30 on May 30, 2025 indicate a shift in the stock's momentum towards a downward trend.
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