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Microsoft doubled between late 2022 and mid-2024, and now some traders may think the tech giant is done going up. The first pattern on today’s chart is the series of higher highs between February and July, followed by successively lower highs. That rounded top could signal its longer-term momentum has stalled. Second, the 50-, 100- and 200-day simple moving...

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Technology stocks had a strong first half but could be ending the year on a weak note. Is the sector finally losing its leadership? Today’s chart of the SPDR Select Sector Technology Fund highlights the July 10 closing high of $237.68. XLK stalled around that same level a week ago, resulting in a potential double top on the fund. Second, prices have slipped...

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Energy stocks are outperforming this month, and some traders may think Marathon Oil is getting ready to run. The first pattern on today’s chart is the relatively tight range that’s formed since the spring. MRO has remained above the May low of $25.50 and below a gently falling trendline. Prices have pushed against resistance for more than a week. That could make...

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United Parcel Service has been falling since the middle of last year, and some traders may see risk of another acceleration to the downside. The first pattern on today’s chart is the arrangement of the 50-, 100- and 200-day simple moving averages (SMAs). The faster SMAs have mostly remained below the slower ones, which is potentially consistent with a long-term...

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UiPath fell sharply in the spring after its CEO stepped down, but now some traders may look for a rebound. The first pattern on today’s chart is the bearish gap on May 30. The AI and automation stock ended yesterday inside that zone. Could prices fill the gap to the upside? Second, PATH is above its 50- and 100-day simple moving averages. That may suggest its...

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The S&P 500 just had its biggest weekly rally in a year, but Verizon Communications didn’t participate. Are the bears moving in? The first pattern on today’s chart is the trio of drops following the last three quarterly reports. Those may reflect weakening sentiment towards the telecom’s fundamentals. Second, VZ peaked below $45.55 in late September. That was a...

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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...