Skeena Resources' 15min chart shows MACD Death Cross and Bearish Marubozu.

Based on the 15-minute chart for Skeena Resources, a MACD Death Cross and Bearish Marubozu were observed on May 8, 2025 at 15:30. This indicates a potential continuation of downward price movement, with sellers dominating the market and bearish momentum expected to persist.

Based on the latest 15-minute chart for Skeena Resources (SKE), a significant technical indicator has emerged. On May 8, 2025, at 15:30, the MACD (Moving Average Convergence Divergence) line crossed below the signal line, forming a MACD Death Cross. Simultaneously, a Bearish Marubozu candle pattern was observed, indicating strong bearish momentum. This combination of technical signals suggests a potential continuation of downward price movement, with sellers dominating the market.

The MACD Death Cross is a bearish signal that often precedes a downward trend in stock prices. It occurs when the MACD line crosses below the signal line, indicating a change in the short-term momentum from positive to negative. The Bearish Marubozu candle pattern, characterized by a long body and no upper or lower wick, signifies a strong price move in a single direction without any retracement, further reinforcing the bearish sentiment.

Skeena Resources is a leading precious metals developer focused on advancing its Eskay Creek Gold-Silver Project in the renowned Golden Triangle of British Columbia, Canada. The company has been actively engaged in exploration and development activities, with recent updates indicating progress in regulatory approvals and financing arrangements [2].

Investors and financial professionals should closely monitor Skeena Resources' performance in the coming weeks and months. The technical indicators suggest a potential downward trend, but it is essential to consider other fundamental factors and market conditions before making investment decisions.

References:
[1] https://quantisnow.com/company/SKE
[2] https://quantisnow.com/company/SKE