According to the 15-minute chart provided by Waton Financial, a KDJ Death Cross and a Bearish Marubozu signal were triggered on August 6, 2025 at 13:45. This indicates a shift in momentum towards the downside, suggesting a potential further decrease in the stock price. Sellers currently control the market, and it is likely that bearish momentum will continue.
According to the 15-minute chart provided by Waton Financial, TG Therapeutics (TGTX) triggered a KDJ Death Cross and a Bearish Marubozu signal on August 6, 2025, at 13:45. This technical analysis suggests a shift in momentum towards the downside, indicating a potential further decrease in the stock price. Sellers currently control the market, and it is likely that bearish momentum will continue.
The KDJ Death Cross, a reversal pattern, occurs when the K-line crosses below the J-line on the KDJ indicator, signaling a potential trend reversal [1]. The Bearish Marubozu pattern, characterized by a single candle with no upper or lower wick, indicates that the stock has been trading within a narrow range, with sellers dominating the market [1]. These patterns have been observed in other stocks as well, such as Eagle Financial, Telix, and SABESP, which have shown similar bearish signals [2][3].
In addition to the technical indicators, TG Therapeutics recently reported its second-quarter earnings, which were mixed. The company reported earnings of 17 cents per share, substantially missing the Zacks Consensus Estimate of 32 cents. Revenues in the second quarter totaled $141.1 million, up almost 92% year over year, driven by the strong demand for the company’s sole marketed drug, Briumvi (ublituximab-xiiy) [4].
The recent technical analysis and earnings report suggest that investors should be cautious about TG Therapeutics stock. The bearish momentum indicated by the KDJ Death Cross and Bearish Marubozu pattern, along with the mixed earnings announcement, may signal further potential declines in the stock price.
References:
[1] https://www.ainvest.com/news/tg-therapeutics-15-minute-chart-shows-kdj-death-cross-bearish-marubozu-signal-2508/
[2] https://www.ainvest.com/news/eagle-financial-15min-chart-triggers-kdj-death-cross-bearish-marubozu-signal-2507/
[3] https://www.ainvest.com/news/telix-15min-chart-triggers-kdj-death-cross-bearish-marubozu-pattern-2507/
[4] https://www.barchart.com/story/news/33894778/tgtx-down-as-q2-earnings-miss-mark-briumvi-sales-drive-top-line
Comments
No comments yet