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Macdivergence

Cross-Checking News Trading with Technicals on CARR-USDDear Esteemed Investors, Everyone asked me to write an analytics on CARR. Although my forecasts achieved some success with this stock, let me remind you it's only a very small percentage of my portfolio. I can measure my exposure in hundreds of thousands, which is relatively small compared to my gold exposure, which I measure in millions. With that, I care about every one of my investments, and I hear your expectation to read analytics about this stock. Here you go. Chart and Technical Indicators CARR hit the target level of the last bullish forecast ($59.21 resistance), and technical indicators like MACD and RSI turned bearish. Under the chart, MACD shows bearish progress. Both MACD and RSI have a bearish cross on them. These are typical confirmations of resistance, and CARR hasn't defeated it yet. However, RSI still moves on the more bullish side of its chart, and MACD shows only a slight bearishness. It's not too late for CARR investors to continue the rally. Signs of continuation would be if RSI made a bullish cross again and MACD turned bullish. If they can break the mentioned resistance, a target of $61.12 is possible. With that said, the risk-reward ratio of a long isn't excellent here. So, I've taken profit of my long position from the last forecast. I estimate to open a new long if the price confirms support again around the $51.74 level. Breaking this support would suggest a downward trend rather than a healthy retracement. Downwards, the price can fall to lower trendlines below $48. If I open a new long, I'll use a tight stop loss setting. News Trading: AI Natural Language Processing Carrier Global has consistently delivered strong revenue growth in recent quarters, driven by higher demand for HVAC and refrigeration products. The company's recent acquisitions of Viessmann Climate Solutions and Honeywell's Global Access Solutions business expand its market reach and product portfolio. Carrier Global has a healthy balance sheet with a solid financial position. The company has the flexibility to invest in growth initiatives. The global HVAC and refrigeration markets can steadily in the coming years, driven by population growth, urbanization, and rising environmental concerns. On the other hand, the ongoing supply chain disruptions have impacted Carrier Global's production and delivery of products, potentially affecting sales and profitability. Escalating inflation could put downward pressure on consumer spending on discretionary items such as HVAC and refrigeration products. The HVAC and refrigeration industry is highly competitive, with several players vying for market share. The ongoing geopolitical tensions and potential for global recession could dampen demand for Carrier Global's products. Despite the potential headwinds, Carrier Global remains a well-positioned company with a strong track record of growth. The company's focus on innovation, strategic acquisitions, and expanding market reach should support its long-term growth prospects. However, investors should carefully monitor the company's ability to manage supply chain disruptions, inflation, and competitive pressures. Disclaimer: The success of my historic forecasts don't guarantee your future results. It's not an investment advice. Do your esearch. I wrote the analytics for entertainment purposes. Kind regards, Ely
NYSE:CARRLong
by Elysian_Mind
4
New Top, Old Resistance: Mixed News Question Bullish SupertrendNew Top, Old Resistance: Mixed News Question Bullish Supertrend Dear Esteemed Traders, TECHNICAL ANALYTICS Zooming out on the chart, ES hit a level that might be a resistance since January 2022, formed by a previous top. Historic tops often act as a resistance. Alone this would be a weak indication, but the price managed to hit that level at the same time when it also met the rising resistance from historic bottoms. See the red line on the chart. I can observe double bearish signals on a bullish super trend, in which the price seems to have crossed down together with the EMAs in the previous month. I wouldn't call super trend bearish yet, but the so far strong bullishness of it became questionable. MACD made a bearish cross and made a journey towards the bearish side of the indicator below the price chart. RSI went extremely negative after an extended period spent in the upper half of the indicator. It means that ES might have been overbought, and the market signals the start of a correction to this overboughtness. The possible correction move paired with a volume that matches the buy volume candles of the mentioned rally. This volume profile further powers the idea that the people who have been buying ES since October might feel the level to take profit on their investments. The Money Flow Index (MFI) at the bottom and Bull-Bear Power (BBP) above it share the bearish view. BBP isn't too bearish, but it's been showing a weakening bullish power since December. Finally, the $4736 support seems to be holding up the market from crashing. If the support breaks, the price can fall to the next support. I observed a support of around $4600. These are the analytics, I found, but let's consider news trading. NEWS The Federal Reserve has signaled its intention to raise interest rates in an effort to combat inflation. This could weigh on stocks, as higher interest rates can make borrowing more expensive for businesses and consumers. Recent economic data has been mixed, with some indicators showing signs of slowing growth. This could raise concerns about the health of the economy and further dampen investor sentiment. Earnings season is underway, and some companies have reported disappointing results. This could lead investors to expect lower earnings growth overall, which could put downward pressure on stock prices. In total, I wouldn't call ES straight bearish, but I claim the bullish trend to weaken and I'm looking for shorts below the $4736 support line. Greetings, Ely
CME_MINI:ES1!Short
by Elysian_Mind
AI's EUR/USD Pattern & Scalping Range, Local European SentimentAI's EUR/USD Falling Channel & Breakout Odds with Scalping Range D ear Valued Investors, Introduction I would like to provide you with an update on the trading bots' activity. They have been diligently following a short position initiated at 1.101, see the idea above the chart, and I am pleased to inform you that the trade has been successful, as indicated by the success of the forecast on the left side of the chart. News Trading - Natural Language Processing Results - The European Central Bank (ECB) is expected to raise interest rates in July, which could strengthen the euro. The ECB has been signaling for months that it will need to raise rates to combat inflation, and the latest data suggests that inflation is still running high in the eurozone. A rate hike would make the euro more attractive to investors compared to the dollar, which is currently yielding very little. - The eurozone economy is showing signs of resilience. The eurozone economy grew by 0.3% in the first quarter of 2023, and the latest data suggests that growth is continuing in the second quarter. This suggests that the eurozone economy is more robust than many economists had expected, which could support the euro in the near term. - The risk of a recession in the United States is increasing. The US economy is facing a number of headwinds, including high inflation, rising interest rates, and the war in Ukraine. These factors could lead to a recession in the US, which would likely weaken the dollar and strengthen the euro. Personal Comment I live in the EU, and as a consumer, I don't see any sign of recession here. To me, it seems that the US economy bears the bigger weight in the news of the war are about. Objectively, the US economy might be stronger, but the prices don't necessarily reflect the current power. Investors try to speculate which economy will suffer harder and pool value into those that seem resilience. I believe in the resilience of the EU economy, and I experience the local sentiment. While prices are rising, people don't FUD yet. Many seek opportunities to make a profit that can cover the inflation costs. EUR has seemed more resilient so far to the difficulties than the other European currencies. If you live in the EU, you know that many countries still have their national currencies (not EUR), but you can pay with EUR everywhere here. So, it makes sense that many sell their national currencies to EUR. EUR is more resilient, and they can pay with it as smoothly as with their national currencies. Pattern Recognition AI's Results Through my pattern recognition algorithms, I have identified a falling channel pattern on the chart. This pattern is characterized by purple trendlines. Despite its bearish implications, the price broke above this pattern on December 11th, suggesting potential bullish momentum. Scalping Possibilities Currently, the EUR/USD is in a consolidation phase, trading between the support level at 1.072 and the resistance level at 1.082. These levels align with the EMA 100, and the support line is denoted by the color green, while the resistance line is represented by red. Shorting opportunities may arise from resistance to support. Neural Network's Prediction Based on the current technical indicators, I anticipate a scenario in which the EUR/USD gains momentum from the support level and breaks out above the channel. This potential trajectory is depicted by the white lines. In the event of a successful breakout, my neural networks suggest target prices of 1.095 or even 1.100. Technical Indicators The fluctuating volume below the channel indicates increasing volatility. Noteworthy bullish indications include the price consolidating above EMA 20, the RSI crossover below on the RSI indicator, and the strong uptrend of MACD since December 7th. Disclaimer: I would like to emphasize that this communication does not constitute investment advice. I strongly urge you to conduct thorough research before making any trading decisions. It is essential to recognize that your funds are your responsibility, and past performance does not guarantee future results. Sincerely, Ely
Long
by Elysian_Mind
2
Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market. Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets. Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
Education
by LeafAlgo
16
March E-Mini S&P 500 Index Futures Weekly Chart - 12/18/23March E-mini S&P 500 Index futures continued the rally that began at the beginning of November, taking out the recent high from the last week in July. MACD recently experienced a bullish cross by crossing above its signal line. That relationship is widening, which indicates a continuing bullish trend. RSI is getting closer to being overbought at 70, though bearish divergence might be in play as the RSI is lower than its peak in August, even though price has taken out the high in August. This could indicate that momentum is weakening, and a reversal might occur. If the bullish trend continues, resistance might be found at the April 2022 high of 4,860. A reverse to the downside could find support at the 61.8% Fib level (4,530) and at the 52-week moving average (~4,400). Please Note: Commentary and charts reflect data at the time of analysis (12/15/23). Market conditions are subject to change and may not reflect all market activity.
CME_MINI:ES1!
by Tradovate
TSLA's Fight the Falling Resistance 🧠 Rejection or BreakoutDear Esteemed Members, TSLA is mostly bearish within the resistance of the red triangle. As long as it remains below the trendline, bears can enjoy better risk-reward ratios. Some traders wait out the price's rejection at the falling line to open their short positions. Others wait for a confirmed breakout through the resistance to open a long position. Now, both sides have a significant chance because the pattern is usually bearish, but TSLA reclaimed the EMAs in a convincing manner. I've got a short, but I opened it above the resistance. So, I can close it in profit at the resistance. I wouldn't open a new short until I see the price action around the trendline. The white arrows mark the scenarios I mentioned. I also placed two positions on the chart that one could make depending on TSLA's behavior around the falling level. Disclaimer: It's not an investment advice. My analytics serve only entertainment purposes. Do your research. Historic results don't guarantee future outcomes. Kind regards, Ely
NASDAQ:TSLAShort
by Elysian_Mind
News Analytics Align with Technicals' Slight Bearish Momentum ☄️Dear Investors, Chart Explanation I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the mentioned target zone. The chart shows how this resistance indeed rejected rallies many times over the previous months. I drew red arrows where I believe the resistance rejected the price. If the price breaks up this resistance, bullish scenarios will become more probable and Tesla will prepare for the moon. At the moment, however, the number of bearish scenarios suggests a better risk-reward ratio for shorts with losing the EMAs today. I've got a short myself from $251, and I'd consider increasing this position size if I see another rejection near the resistance. On the other hand, a breakup of the resistance would mean taking profits from these positions and preparing for a long setup. The $225 target aligns with multiple historical gaps that the stock is yet to fulfill. From that level, it can either break down or reverse up. There are possible targets on both sides. So, I think, it's important to monitor news and technicals alike. In this idea, I'd like to give you some news trading insights and how I see the technical indicators. News Trading - Natural Language Processing ☄️ Tesla's production and delivery growth has slowed in recent quarters. The company's production growth slowed to 54% in the fourth quarter of 2022, from 119% in the third quarter. Deliveries also slowed to 936,000 in the fourth quarter, from 1.39 million in the third quarter. This slowdown could be a sign that Tesla is facing production bottlenecks or supply chain disruptions. ☄️ Tesla's gross margin has declined. The company's gross margin was 27.9% in the fourth quarter of 2022, down from 30.6% in the third quarter. This decline could be a sign that Tesla is facing higher costs or that it is discounting its cars more heavily to boost sales. ☄️ Tesla's stock price has been volatile in recent months. The stock price has fallen by more than 40% from its all-time high in November 2021. This volatility could be a sign that investors are uncertain about Tesla's future. ☄️ There are concerns about Tesla's ability to scale production efficiently. The company has ambitious plans to produce 20 million vehicles per year by 2030, but analysts have questioned whether Tesla can achieve this goal without facing significant production bottlenecks. ☄️ Tesla's competitive landscape is becoming more crowded. The electric vehicle market is becoming increasingly crowded, with new entrants from established automakers and startups alike. This could put pressure on Tesla's market share and pricing power. Technical Indicators MACD has been bearish since 29 November as the bottom indicator shows. The bearish momentum isn't too strong, but it's been consistent over the last week. On the RSI, above the MACD indicator, I can see a bullish RSI cross attempt, but this cross failed and became a bearish indication. The volume bars have been somewhat stable over this time, which might not enforce a strong bearish momentum, but it shows a lack of volume necessary for reversal. Disclaimer It's not an investment advice. Do your research. Your funds are your responsibility. This speculation serves only entertainment purposes. Kind regards, Ely
NASDAQ:TSLAShort
by Elysian_Mind
4
Integrated Analytics 💲 Unveil Dollar TrendsIntegrated Analytics 💲 Unveil Dollar Trends Dear Respected Members, Speculators, and Traders, My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's support. Multiple scenarios may unfold, with DXY rallying to the 104.27 resistance or continuing a bearish trend if the support breaks. News Trading Strategies, aided by AI's Neural Language Processing bots, align with recent reports: Dollar weakens as Fed rate cut view weighs: DXY fell 0.2% to 103.20, anticipating a monthly loss exceeding 3%, attributed to expected Federal Reserve rate cuts. Crack in US dollar strength to spread as economy slows: FX strategists foresee continued dollar weakening amid a slowing US economy, reflecting global concerns (Reuters, Nov 8, 2023). U.S. Dollar Index weakens post 20-year high: A decline of over 8% from its September peak is attributed to factors like a stronger euro and a sluggish US economy (Axios, Dec 9, 2023). These align with sentiment analytics (DSI/DSIE), emphasizing a holistic approach merging AI with news and sentiment tools for enhanced insights. Disclaimer: Not investment advice; analytics for entertainment. Keep speculation separate from investments. Best regards, Ely
TVC:DXYShort
by Elysian_Mind
GOLDTechnical analysis of Gold OANDA:XAUUSD By examining the trend of gold in the one-hour time frame, this precious metal has formed a positive divergence in MACD in the direction of increasing the price, and most likely, provided that no one-hour candle closes are recorded under the support of $1973. The rate can rise to the resistance range of 2007-2014 USD. ⚠️ Risk disclosure statement: Since the financial markets are under the pressure of many factors and any factor can cause fluctuations in it, the provided analyzes are provided only to inform the general market environment and are not any suggestions for buying or selling. So be sure to trade with your trading strategy in this market.
OANDA:XAUUSDLong
by Daragolbon
December E-Mini Dow Jones Index Futures Weekly ChartDecember E-mini Dow Jones Index futures continued the uptrend that saw a break above the resistance line formed by connecting the high in January 2022 with the high in July 2023. With CPI, PPI, and a Fed announcement this week, there are certainly enough possible catalysts to turn this market to the bearish side. The MACD showed a bullish cross about a month ago and is not indicating a slowdown in momentum. The RSI at 62 on 12/8 indicates that there still may be room for price to continue bullish. Should the uptrend continue, a possible target (and resistance is the previous high of 37,906. A reverse to the downside might see the 61.8% Fibonacci retracement level (34,790) as support. Please Note: Commentary and charts reflect data at the time of analysis (12/08/23). Market conditions are subject to change and may not reflect all market activity.
CBOT_MINI:YM1!
by Tradovate
Total index analysis Crypto Total 2 has broken down the upward channel and has tested the supportbelow it, now we can see this weekly candel is now open and heading upward. besides that we can see an obvious RD + in MACD and MFI. and Elon Musk just tweeted again! so in my opinion we are about to see a pullback to the broken channel and after that we have to see if there is any sign of getting back to the uptrend or that is just a technical pull back and we have to get ready for a massive dump and a long bear market for crypto market . im bearish until i see areal good sign here. the first target for the market total is retesting 2017 high. comment your opinions down below:)
CRYPTOCAP:TOTAL
by sobhanjtn
#Verizon a recovery buy? NYSE:VZ Verizon Communications Inc. has recently released an impressive earnings report, surpassing expectations across the board and increasing their Free Cash Flow (FCF) guidance by a substantial $1 billion compared to their previous guidance. This announcement has injected new life into the stock, and it's evident in the pre-market trading where VZ has surged by almost 4%. The current outlook for VZ is highly favorable, and here's why: A bullish divergence is emerging on both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators, particularly on the weekly timeframe. This divergence suggests that the stock is poised for a recovery, possibly leading to a profitable swing trade opportunity for investors. Furthermore, VZ presents an additional allure for long-term investors. With a generous dividend yield of over 8%, this stock becomes a compelling choice for those seeking a stable, income-generating investment. In summary, the combination of robust earnings, a notable increase in FCF guidance, and the promising technical indicators on the chart indicate a strong potential for VZ to recover from recent losses. Whether you're looking for a shorter-term swing trade or a long-term income play, Verizon is shaping up as an attractive option in the current market landscape
NYSE:VZLong
by sajalgoelin
A look into Shake Shack's Macro Trend, Bullish or Bearish? Hi guys! This is a Macro analysis into Shake Shack (SHAK). We will assess various developments occuring in the charts, shedding some light into whether we are in a bullish or bearish overall trend. The analysis is done on the 1 Week timeframe. When looking at the Price action of Shake Shack. We have recently been REJECTED from a Major Resistance Trendline (RED line). This line has been acting as resistance since Feb. 2021. NOTE: This trendline indicates our current TREND. That is we are in a downtrend until proven otherwise. That proof is breaking ABOVE and CONFIRMING Support on this RED line. Also NOTE: This is our 2nd touch point of this RED line. In trendline theory it states that atleast 3 or more touches are required on trendlines for them to weaken enough for a break to the opposite side. So it makes sense that It has pushed us into another downtrend that has recently broken down below the 21 EMA (Purple moving average). We are now rapidly approaching a SUPPORT test on the 50 SMA (Green Moving Average). It is crucial we find SUPPORT on the 50 SMA and Horizontal Black Support line. If we can't we risk falling to the "Major Support Trendline". Which also risks another DEATHCROSS. Notice the slight downward curve on the 21 EMA. Having a DEATHCROSS occur can bring in momentum to even push Prices below the "Major Support Trendline". Our MACD indicator has also CROSSED Bearish with signficiantly increasing RED histogram bars. This signifies an increase in bearish momentum. To maintain Bullish trend, we need to stay ABOVE the 0 level on MACD and have a BULL cross with the print of GREEN histogram bars. We also MUST maintain Support on the 50 SMA, eventually CONFIRMING Support ABOVE 21 EMA. Notice also the GOLDEN CROSS between 21 EMA and 50 SMA, as long as we maintain SUPPORT Above 50 SMA, this has the momentum to maintain an UPTREND. It can also help us breakout through the Major Resistance Trendline. Also take a look for reference at our previous REJECTION of this Major Resistance Trendline. (Orange arrow) Notice how we ended up testing Support on Green 50 SMA, bounced upwards but ended up coming back down and breaking down, printing the death cross and falling 72%. There is nothing saying that we cant do a similar move but theres also no way of knowing that it will play out exactly as past history. Thats why we need to be level headed and take it 1 step at a time. So in the coming weaks our current direction of price action is to TEST SUPPORT on the 50 SMA and the Black line Support CONFLUENCE first. This area is CRUCIAL area that will determine whether we go back to RE-TEST either: 1. RED Major Resistance Trendline above. 2. BLACK Major Support Trendline below. If we re-test the REDline that will make 3 touch points, and we will need to observe whether or not we break through. If we re-test the Black Major Support trendline, we risk breaking down which may cause further price declines. But note its a Major Historical Trendline so it can make monumental buying opportunity provided we get back down there. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SHAK in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:SHAK
by SafofAllTrades
BNTX biotech / currency play LONGBNTX a Germany company in the biotechnology and vaccine sectors out of Europe and Germany is looking good on the 2H chart here with a volume profile and an intermediate term VWAP overlaid. Price bounced off the bottom of the high volume area of the volume profile and looks to be ready for a reversion to the mean and even a sling-short move. The target here is the double top M pattern of mid July at 114. The VPT and MACD are confirmatory of a momentum flip making for a long trade entry. I will review the options chain for a suitable options trade with a narrow bid/ask spread, suitable volume and open interest. If I cannot find one I'll take a trade of 10-20 shares of stock with a stop-loss of 105 to back up this trade while NVAX and MRNA are also making moves.
NASDAQ:BNTXLong
by AwesomeAvani
SNOW another technology company tolerating Bidenonomics LONGSNOW on the 4H is seen trending from from earnings in May with the great top line and okay bottom line with a big uptrend into a sideways wide range channel. It is now low in the channel but still above the long term anchored mean VWAP which is the logical stop loss for any long trade setup. Confluent support is the POC line of the visible volume profile with the upper high volume profile providing the the expected range of a long trade. The Volume Price Trend indicator and the MACD are synergistic in their confirmation. Fundamentally, SNOW is in the AI revolution and its role in streamlining processes and lowering costs for the government and businesses. The logical target here, the second deviation above mean VWAP presently at the 193.45 price level. This line pushed the price back down 4 times in the past 8 weeks. I see the quick 10% upside as good for a long trade knowing well-managed options trade could produce 100-150% easily in capitalizing on AI software tech and the heavy hitters of the new NASDAC leading the index higher and faster. What a great concept more snow while the climate heat wave is unrelenting. I will enter here with a sizeable stock trade while considering a 10-30 DTE call option to catch the ride toward the target mentioned here.
NYSE:SNOWLong
by AwesomeAvani
AUDUSD Alert! Double Bottom Formation: Bullish Breakout📈🐨🚀 It's time for a change in direction! After a successful short entry based on the breakdown of an ascending channel, we are now shifting gears to capitalize on a bullish opportunity on the AUDUSD forex pair. The price action on AUDUSD has formed a double bottom pattern, with a retracement to the 0.618 Fibonacci level acting as a strong support. This pattern signals a potential bullish breakout, presenting us with an ideal chance to ride the upward momentum. Moreover, our last short trade played out successfully, allowing us to secure a portion of our profits. Now, it's time to seize the entirety of those gains and switch our focus to the bullish side of the market. Adding to the bullish case, the MACD indicator has revealed a bullish divergence, reinforcing the likelihood of an upward move. The combination of the double bottom formation, key support level, and bullish divergence strengthens our confidence in this setup. To maximize our profit potential, I will be aiming for a first take profit level at 0.67850, followed by a target located at 0.68750. 🎯💰 Don't miss out on this incredible opportunity to ride the bullish wave on AUDUSD! Join me as we make the most of this breakout and continue to navigate the ever-changing market with precision and profitability. 🐨📈💪 Feel free to share your toughts in the comments section, follow me for updates and dont forget to press the like button if you think this insight was helpful🚀📈💪
Long
by Thomas_Zito
17