Groupon Stock Forms Death Cross, Signaling Potential Bearish Trend Ahead

Groupon, Inc., a small-cap player in the E-Retail/E-Commerce sector, has recently experienced a significant technical event known as a Death Cross. This occurs when a stock's short-term moving average crosses below its long-term moving average, often signaling a potential shift in market momentum.
Currently, Groupon's daily moving averages are bearish, indicating a downward trend in the stock's price action. This technical signal, combined with a bearish MACD on a weekly basis, suggests that the stock may face continued selling pressure in the near term. Additionally, the KST indicator is also bearish on a weekly basis, further supporting the notion of a challenging market environment for Groupon.

Despite these recent developments, Groupon has shown impressive performance over the past year, boasting a 96.2% increase compared to the S&P 500's 19.89%. However, its recent weekly and monthly performances have been less favorable, with declines of 4.1% and 9.69%, respectively. Investors will be closely monitoring these trends as they assess Groupon's market position and future potential amidst the current technical landscape.