The S&P 500 is up about 23 percent this year, but Tesla has turned red again.
The first pattern on today’s chart is the $248.48 level were TSLA ended 2023. The EV maker managed to tick above that level in July and late September. But last week it returned decisively below it.
The stock also made a lower monthly high, which is potentially consistent with a...
Seagate Technology has been climbing for more than a year, and now some traders may see potential for a breakout.
The first pattern on today’s chart is the $104.76 level, a closing peak in late August. The data-storage stock tested and held it this week. Has old resistance become new support?
Second, that same price area is also near a 50 percent retracement of...
Applied Digital rallied sharply last month. Now, after a pullback, some traders may look for potential continuation.
The first pattern on today’s chart is the bullish gap on September 5 after Nvidia NASDAQ:NVDA participated in a $160 million funding round. That event boosted overall activity in the name, roughly tripling its average daily volume. TradeStation...
Palo Alto Networks has been rangebound most of the year, but now the cybersecurity firm could be breaking out.
The first pattern on today’s chart is the series of lower highs since August 20. PANW pushed against that trendline last week and broke it on Tuesday.
Second, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day...
Ford Motor fell sharply over the summer, and now traders may think it will keep skidding lower.
The first pattern on today’s chart is the bearish gap on July 25 after earnings and revenue missed estimates. That potentially reflects concerns about its growth and profitability.
Next, F's 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA...
The Nasdaq-100 has lagged the S&P 500 since the summer, but some traders may look for it to catch up in coming weeks.
The first pattern on today’s chart is the August 23 weekly close of 19,721. NDX tested and held that level last week, potentially turning old resistance into new support.
Second, MACD and the 21-day exponential moving average are rising. Those...
Broadcom has been one of the top-performing large cap stocks this year. Now, after a period of consolidation, some traders may see potential for further upside.
The first pattern on today’s chart is the August 19 close of $167.71. AVGO initially stalled at this level and struggled to cross it in the first half of September. But it broke out later in September,...
Adobe has been struggling all year, and some traders may think the software stock has space to the downside.
The first pattern on today’s chart is the series of lower highs since September 13. ADBE dipped below its subsequent low this week, potentially breaking a bearish descending triangle.
Next, the triangle followed a sharp gap lower after guidance...
Treasury yields have been sliding since April. Now, after a two-month pause, some traders may see further downside.
The first pattern on today’s chart is the series of lower highs since mid-July. TNX could be stalling at the same resistance, potentially confirming the downtrend.
Second is the December low around 3.785. Yields tried to hold that level in August...
Harmony Gold Mining rallied sharply in March and April. Now, after a period of consolidation, some traders may see potential for a breakout.
The first pattern on today’s chart is the range between $8.50 and $11. Prices are nearing the upper level. A close above may confirm resistance is fading.
Second is the series of higher weekly lows since mid-June. Those...
Apple could be stair-stepping toward a potential breakout as a big month approaches.
The first pattern on today’s chart is the pair of rallies and pullbacks since early August. Both times the smart-phone giant bounced at a 50 percent retracement of the upward move. (See the green arrows.) Does that reflect the presence of an uptrend?
Next, AAPL is holding above...
Some major stocks have done little as the broader market hits new highs. Today’s idea considers two members of the Dow Jones Industrial Average where some traders may see potential upside signals: Microsoft NASDAQ:MSFT and Goldman Sachs NYSE:GS .
The first pattern on both is the tight pullbacks after rallies. Those may be viewed as bull-flag continuation...
UnitedHealth broke out to new highs in July. Now after a pullback, some traders may see potential for a continuation to the upside.
The first pattern on today’s chart is the pair of bullish moves after the last two earnings reports. That kind of price action may reflect positive sentiment toward the health insurer’s fundamentals.
Next, the second jump propelled...
Texas Instruments is battling a long-term price line, and some traders may think the chipmaker is ready for a breakout.
The first pattern on today’s chart is the $202.26 level, its previous all-time high from almost three years ago. TXN approached this zone in late May before pausing. It tried again in July but fell along with the rest of the market. The stock...
Energy stocks bounced last week. However they remain the worst-performing sector this year and now some traders may see downside risk in Chevron.
The first pattern on today’s chart is the March low of $147.67. CVX knifed through this potential support level in early August and peaked near it a few weeks later. Now it’s stalling around the same level. Has old...
Nvidia has been largely quiet as the S&P 500 pushes to new highs, but will that change?
The first pattern on today’s chart is the convergence of the 50- and 100-day simple moving averages. On one hand, this highlights the semiconductor giant’s longer-term uptrend. On the other, it highlights intermediate-term neutrality. That could make some trend followers look...
Bank of America fell sharply over the summer as Warren Buffett sold shares. But now some traders may think the lender has stabilized.
The first pattern today’s chart is the rally between early August and early September. BAC retraced half the move before returning to the upside. That may suggest that buyers are in charge.
Second, the bounce occurred at the...
Gold has been rallying to new highs recently, and now some traders may think silver can play catch up.
The first pattern on today’s chart is the pair of converging lines this year. Notice how XAGUSD has been pushing against the upper line since Friday. That may be viewed as the start of a breakout.
Second, prices held a peak from late August. Old resistance...
