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International Business Machines is the top-performing member of the Dow Jones Industrial Average this year, and some traders may think it will keep climbing. The first pattern on today’s chart is the push above $269 last week. The IT company pulled back after hitting that record peak, but found support at its rising 21-day exponential moving average (EMA). It...

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DoorDash has been consolidating for months, and now some traders may look for more upside. The first pattern on today’s chart is March’s low, April’s lower low and May’s higher low. That rounded basing pattern is a potentially bullish continuation pattern. Second, DASH got stuck at a falling trendline last month but now seems to be free of it. Third, the...

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Expedia started rallying last summer, but now some traders may think the travel stock is turning lower. The first pattern on today’s chart is the drop between late February and early April. EXPE retraced about half that decline by early May before stalling. It also hit potential resistance at the March 28 weekly closing price of $168.10. Those points may confirm...

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Las Vegas Sands bounced sharply in recent weeks, but some traders may think its longer-term downtrend will resume. The first pattern on today’s chart is the decline from mid-December through early April. The casino stock retraced half that move before stalling. It also seems to be hitting resistance at a weekly close from March 21. Second, the 50-day simple...

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The S&P 500 hit a new all-time high in February. However, by one measure it’s been in a bear market all century. Today’s monthly chart shows SP:SPX as a ratio against gold. Using this comparison, equities have underperformed since Bill Clinton was still President in August 2000. It illustrates how stocks languished in the 1970s, before starting an 18-year run...

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Platinum has been dead money for years, but now it may be coming to life. The first pattern on today’s chart is the falling trendline along the highs of last May and October. The metal just ripped through that resistance with its biggest daily gain since December 2022. Next, MACD is rising and the 8-day exponential moving average (EMA) is above the 21-day EMA....

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This is a conceptual strategy intended for E-mini S&P 500 futures with hourly bars. It uses three signals, going long or short when two or more change in the same direction. First is MACD. A positive oscillator is considered a bullish signal and a falling oscillator is interpreted bearishly. Next, stochastics are used as an overbought/oversold indicator....

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Moving average crosses are popular signals for trend followers. Like many conditions, they tend to reverse after a certain amount of time. Today’s script is designed to help traders visualize and interpret these turns. Bars Since MA Cross counts how many bars have passed since a fast-moving average crossed a slower MA. Bullish readings, with the faster MA above...

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The Relative Strength Index was created by J. Welles Wilder to measure overbought and oversold conditions. It’s also found popularity as an overall measure of direction because upward-trending stocks often hit overbought conditions. The opposite can be true with underperformers. Today’s custom script, RSI Past, attempts to capture this secondary use of RSI as a...

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Many technical analysts use moving average crosses to assess trend changes. A faster-moving MA crossing above a slower-moving line may be viewed as a bullish signal. The opposite can apply to the downside. While these methods may help analyze price direction, they can often force traders to wait until the cross occurs. Sometimes it may be useful to anticipate the...

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There are many price-based techniques for anticipating the end of a move. However, the simple passage of time can also help because bull markets don’t last forever. While old age doesn’t necessarily cause investors to sell, a reversal becomes more likely the longer a trend lasts. So, how long have prices been going up? There are various ways to measure that. Our...

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Moving averages are one of the most common indicators in the world of technical analysis. And they’re often the ingredients of more complex indicators like MACD. Today’s script shows how long prices have been moving in a given direction. Similar to our earlier Price Streak script, MA Streak counts the number of sessions that the average is rising or falling. It...