Boeing has struggled for years, but now there may be signs of a turnaround in the aerospace giant.
The first pattern on today’s chart is the series of lower highs between December 2023 and early December 2024. The stock has now pushed above that falling trendline, which may suggest its direction is turning.
Next, the 50-day simple moving average (SMA) just...
Tariff fears have battered General Motors, but some traders may see an opportunity.
The first pattern on today’s chart is the price gap from January 28 after the automaker reported quarterly results. At the time, tariff fears overshadowed better-than-expected earnings and revenue. But now Trump has made his move and the crisis is showing signs of resolution....
Lowe’s has been falling since mid-October, and some traders may see further downside risk.
The first pattern on today’s chart is the series of lower highs and lower lows over the last three months. If the resulting descending channel remains in effect, it could point to potential move below the January 8 low of $242.96.
Next, the 50-day simple moving average...
XPeng started rallying in August, and now it may be starting another push to the upside.
The first pattern on today’s chart is the series of lower highs in December. The Chinese EV maker broke that trendline in mid-January and has remained there since, which may suggest a consolidation phase has ended.
Second, the rebound started after prices held their November...
Sofi Technologies fell after reporting earnings on Monday, but it may be trying to hold its ground.
The first pattern on today’s chart is the sharp rally between October and late November. The lender has spent two months consolidating the move, which may create potential for further upside.
Second, SOFI fell on Monday after guidance was lighter than expected....
Expedia hit a new multiyear high last month, and now it’s pulled back.
The first pattern on today’s chart is $168.45. It was the low on November 6, one day after the Presidential election. EXPE has held the level since last Thursday, which may suggest it’s become new support.
Second, the 50-day simple moving average (SMA) crossed above the 100-day SMA in August...
Regions Financial leaped to new record highs after Donald Trump was reelected as U.S. President. Now, following a pullback, some traders may think its uptrend remains in effect.
The first pattern on today’s chart is the price range between $23 and $24. RF tested and held the bottom of this channel in the second half of December and again in the first half of...
Darden Restaurants jumped to new highs in December, and some traders may look for the move to continue this year.
The first pattern on today’s chart is the March 2024 high of $176.84. DRI remained below that level through early last month. The stock rallied through it after earnings and revenue beat estimates on December 19. Prices have remained above the old...
Silver has squeezed into a tight range recently, and some traders may expect a breakout.
The first pattern on today’s chart is the series of lower highs since October. Prices have challenged this falling trendline for the last week while staying above December’s lows. Is the resistance fading?
Next, XAGUSD is trying to hold its rising 200-day simple moving...
ConocoPhillips has made lower highs since last spring, and some traders may think the oil driller is poised for another move to the downside.
The first pattern on today’s chart is the October 31 low of $106. COP tried to hold that level in late November before sliding into the double digits. Prices rebounded to stall around the same location last week. Has old...
Semiconductors have outperformed by a wide margin since late 2023. Now, after a period of consolidation, some traders may expect the uptrend to continue.
The first pattern on today’s chart of the Philadelphia Semiconductor Index is the series of higher lows and lower highs since the summer. Prices began the year escaping to the upside and are now approaching...
Devon Energy has been sliding for more than two years, and now some traders may expect another downward thrust.
The first pattern on today’s chart is the price area between $38.29 and $40.54. It was the range after the last earnings report on November 5. DVN mostly held the zone through early December before sliding to a four-year low. It’s now rebounded and...
Stocks have declined since early December, but some traders may expect the longer-term uptrend to resume.
The first pattern on today’s S&P 500 chart is 5,783, the close on Election Day (November 5). The index tested and held that level last week, potentially suggesting support is in place.
Second is the falling trendline along the recent peaks. SPX may be...
Nvidia has done little since the summer, but some traders may see potential for the chip giant to extend its multiyear run.
The first pattern on today’s chart is the price area around $131.26. It was the high in August and has more or less represented the bottom of NVDA’s range since mid-October. Has new support been established above old resistance?
Next,...
Take-Two Interactive Software jumped in November and now some traders may see potential for upside continuation.
The first pattern on today’s chart is the price gap on November 7 after earnings and revenue beat estimates. The videogame developer proceeded to multiyear highs after the report, which may reflect bullish sentiment.
Second is the $177.62 level. It...
Kroger jumped to a new record high one month ago, and now dip buyers may eye its recent pullback.
The first pattern on today’s chart is the April high of $58.34. The grocery chain tested $0.01 below it last week before stabilizing. Has old resistance become new support?
Second, the recent trough continued a series of higher weekly lows running all the way back...
Dell Technologies has been staggering since the summer, and now some traders may worry about prices trending lower.
The first pattern on today’s chart is the bearish gap on November 27 after guidance came up short. The computer maker held roughly $125 for several sessions, fell and then retested that zone last week before stalling. The resulting lower high may...
The Russell 2000 small cap index fell sharply last month, and now traders may see risk of further downside.
The first pattern on today’s chart is the series of higher highs and higher lows since December 18. Given its preceding drop, that could be viewed as a bearish flag that’s resolving to the downside.
Second, short-term indicators may be viewed bearishly....
