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Based on the 15-minute chart of UFP Technologies, there has been a significant development in technical analysis. Specifically, the Moving Average Convergence Divergence (MACD) indicator has triggered a "Death Cross" at 12:15 on March 3, 2023, which is a bearish signal indicating that the stock price has the potential to continue declining. Additionally, the KDJ indicator has also triggered a "Death Cross" at the same time, further reinforcing the bearish sentiment. This suggests that the momentum of the stock price is shifting towards the downside and has the potential to further decrease.
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