Tower Semiconductor: 15-min chart shows MACD Death Cross and KDJ Death Cross

Tower Semiconductor's 15-minute chart has recently triggered a MACD Death Cross and KDJ Death Cross, which occurred on September 26, 2023 at 13:45. This development suggests that the stock price has the potential to continue declining, as momentum is shifting towards the downside and could potentially decrease further.

On September 26, 2023, at 13:45, Tower Semiconductor Ltd. (NASDAQ:TSEM) triggered both a MACD (Moving Average Convergence Divergence) Death Cross and a KDJ (Keltner Channels) Death Cross on its 15-minute chart. This development signals a potential shift in the stock's momentum towards the downside, indicating a possible continuation of the decline in its share price Why Tower Semiconductor Ltd. (NASDAQ:TSEM) Could Be Worth Watching^[1].

The MACD Death Cross occurs when the MACD line crosses below the signal line, typically indicating a bearish trend. Similarly, the KDJ Death Cross happens when the KDJ line crosses below the signal line, suggesting a potential reversal in the stock's price trajectory. Both of these technical indicators have historically been used to predict changes in stock prices, and their convergence can provide valuable insights for investors.

While these signals suggest a potential downward trend, it is essential to consider other factors that may influence Tower Semiconductor's stock price. The company's recent performance, as highlighted by Simply Wall St, has been robust, with a positive outlook on future growth and a relatively stable share price compared to the broader market Why Tower Semiconductor Ltd. (NASDAQ:TSEM) Could Be Worth Watching^[1]. Additionally, Tower Semiconductor's valuation model shows that the stock is currently trading at a relatively cheap price compared to its intrinsic value, indicating potential undervaluation Why Tower Semiconductor Ltd. (NASDAQ:TSEM) Could Be Worth Watching^[1].

Furthermore, the stock has been gaining momentum, as indicated by its recent entry into the top 10% percentile of momentum rankings, according to Benzinga Forget Nvidia And Arm, These 3 Chip Stocks Are Flashing Bullish Signals^[2]. This suggests that the stock has experienced strong buying interest and a distinct improvement in price action relative to its peers. However, the recent momentum may not be sufficient to counteract the bearish signals provided by the MACD and KDJ Death Crosses.

Investors should exercise caution when interpreting these technical indicators and consider other factors, such as the company's financial health and market conditions. While the MACD and KDJ Death Crosses suggest a potential downward trend, they do not guarantee a decline in the stock's price. It is crucial for investors to conduct thorough research and make informed decisions based on their individual investment goals and risk tolerance.