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Moving Averages

Can Bank of America Break Out?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 200-day simple moving average (SMA). The 50-day SMA is also above the 100-day SMA and both are higher than the 200-day SMA. That order, with the faster SMAs above the slower, may be consistent with a longer-term uptrend. Third is the September 4 high of $40.95. The stock pushed above this level on Thursday before slipping back below it. Will traders view it as a trigger for a breakout? Finally, our 2 MA Ratio custom script shows that the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. That may reflect increased bullishness in the short term. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:BAC
by TradeStation
1
INSIDE BAR BREAKOUTToday's setup: I'm using the inside bar technique and the 20-period moving average, with a 1:2 risk-reward ratio. For traders who are just starting, you can use this technique for scalping or swing trading. It works even better when the inside bar candle is located in a support or resistance zone. However, always remember that every setup carries the risk of loss, so it's important to set Take Profit (TP) or Stop Loss (SL) levels for proper money management.
MYX:FCPOZ2024
by hafizthalatha86
S&P 500 forecast: Outsized rate cut music to bulls’ ears. S&P 500 forecast: The US stock market has shown impressive resilience following the recent volatility. Investors, thrilled by the Federal Reserve’s outsized rate cut, have pushed index futures higher. However, there are mixed opinions about what lies ahead. For now, it looks the S&P 500 will finish the week at a fresh record high. Fed’s Rate Cut and Its Impact on Markets The Federal Reserve’s decision to deliver a 50-basis point rate cut was largely welcomed by investors. The move was seen as a bold but necessary step to ease economic concerns without sending panic signals reminiscent of the 2008 financial crisis. Fed Chair Jerome Powell emphasised that the cuts are not part of a long-term strategy but rather a proactive measure aimed at stabilising growth, now that inflation appears to be on the path of returning to its target. Markets initially sold off but quickly rebounded, with S&P 500 futures suggesting a potential new record high is on the horizon at the cash open today. The Dot Plot projection also boosted investor confidence, showing a possible 50 basis points of cuts this year and 100 next year, with the terminal rate expected to hit 3.0% by 2026. But what now? Can the S&P 500 Rally Continue? With the S&P 500 up nearly 19% year-to-date, investors are wondering if the rally can be sustained. On the surface, it appears that market sentiment is bullish, bolstered by the Fed’s actions and a series of robust earnings reports. Yet, looming risks, such as global economic slowdown in the Eurozone and China, may challenge this optimism. Moreover, seasonal trends indicate that September is typically a tough month for equities, adding a potential headwind to the current rally – although so far this hasn’t held investors back. With the US presidential election approaching, market volatility could spike, leaving investors hesitant to dive into new rallies without a clear trend. S&P 500 forecast: Technical Analysis and Key Levels to Watch Despite some volatility after the Fed’s rate cut, the S&P 500’s bullish trend remains intact. Traders should keep an eye on the support range between 5613 and 5670, with the upper end of this range marking the high from July. As long as the index holds above this support area, the short-term path of least resistance will remain upwards, potentially keeping the market on course to head towards 5800 or even the 127.2% Fibonacci extension level of 5827, derived from the drop in July. However, a dip below 5613 would signal a shift towards bearish sentiment, potentially pushing the index down to its next support and short-term trendline around the 5480-5500 area. Bearish Risks and Market Sentiment While the bulls are currently in control, bearish traders are watching for signs of a reversal. A drop below recent lows, as suggested above, could signal the end of the short-term bullish bias, reminiscent of the July sell-off when overbought conditions led to a sharp decline. Then, the signal came in the form of a bearish engulfing candle on 17 July. Bearish traders need to wait for a similar confirmation before making any significant moves, given the overall bullish structure of this market. Risk Management in a Volatile Market Regardless of whether you're bullish or bearish, managing risk is critical in today's market. With heightened uncertainty surrounding the economy and upcoming elections, volatility is expected to remain high. Traders should stay nimble and be prepared for sudden shifts in the market’s direction. In conclusion, while the S&P 500 forecast remains cautiously optimistic, several factors could derail the current rally. Staying informed and agile will be essential for navigating the coming weeks. We will, of course, highlight any major shifts in the trends, if observed. Stay tuned. -- Written by Fawad Razaqzada, Market Analyst
ULong
by WHSelfInvest
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:20MICRONS
by AnsariTV
MASTERCARD short-term weakness is a buy opportunity. Target $515Mastercard (MA) gave us an excellent sell signal on our last call (April 02, see chart below), reaching our exact Target ($440.00) before turning sideways and reach this way a Higher Low: That Higher Low was a bottom on the 2-year Channel Up pattern that has been dominating the long-term price action of the stock. As you can see it hit the 1D MA200 (orange trend-line) and the 0.382 Fibonacci retracement level and has rebounded since, which is similar to the March 16 2023 Low. The similarities are evident on this chart between the Bullish and Bearish Legs of the Channel Up and the Sine Waves help at giving us a sense of Highs and Lows. The 1D RSI sequences between the two main fractals are also similar and this shows that probably we are at a similar symmetrical level as on July 14 2023. As a result, we expect a short-term pull-back towards the 1D MA50 (blue trend-line) and then final rally towards the elections for a Higher High around $515.00, which will be just below the -0.236 Fibonacci extension (similar to the September 14 2023 High). Then we expect the stock to yet again seek the bottom of the Channel Up near the 1W MA100 (red trend-line) at $460.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:MA
by TradingShot
#LTCUSDT #4h (ByBit) Broadening wedge breakout & retestLitecoin pulled back to 50MA support where a bounce seems likely, eventually leading to a bullish continuation. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (7.0X) Amount: 4.8% Current Price: 72.06 Entry Targets: 1) 71.83 Take-Profit Targets: 1) 80.39 Stop Targets: 1) 67.54 Published By: @Zblaba CRYPTOCAP:LTC BYBIT:LTCUSDT.P #4h #Litecoin #PoW litecoin.org Risk/Reward= 1:2.0 Expected Profit= +83.4% Possible Loss= -41.8% Estimated Gaintime= 5-10 days
Long
by TradingOn
#EGLDUSDT #1D (ByBit) Big falling wedge breakoutMultiversX (f.k.a. Elrond eGold) looks good for bullish continuation on daily after regaining 50MA support, road to 200MA resistance seems next. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.0% Current Price: 35.91 Entry Targets: 1) 34.56 Take-Profit Targets: 1) 48.29 Stop Targets: 1) 27.68 Published By: @Zblaba CRYPTOCAP:EGLD BYBIT:EGLDUSDT.P #1D #Elrond #eGold #MultiversX multiversx.com Risk/Reward= 1:2.0 Expected Profit= +79.5% Possible Loss= -39.8% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
#CRO/USDT 1W (Bybit) inverted Head & Shoulders breakout & retestCronos is pulling back to iHnS neckline support where 20EMA seems to be holding, looks like a great swing opportunity on weekly. ⚡️⚡️ #CRO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.0X) Amount: 4.8% Current Price: 0.12591 Entry Targets: 1) 0.11822 Take-Profit Targets: 1) 0.26475 Stop Targets: 1) 0.0693 Published By: @Zblaba CRYPTOCAP:CRO #CROUSDT #Cronos #PoS crypto.com Risk/Reward= 1:3.0 Expected Profit= +123.9% Possible Loss= -41.4% Estimated Gaintime= 3-6 months
Long
by TradingOn
Silver May Have Space to the UpsideGold 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 becoming new support is also consistent with a potential uptrend. Next, MACD has turned positive. Prices are also near their rising 100-day simple moving average. Those may suggest bullishness in the short- and longer terms. Speaking of the longer term, the second chart with two-week candles shows the white metal over the last 15 years. Notice how it’s recently consolidated above its 2023 peak and is now challenging resistance from 2020 and 2021. Traders may also notice the long-term peaks near 50 back in 2011. Could there be moves toward those old levels? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
OANDA:XAGUSD
by TradeStation
NextEra Energy (NEE) – Ascending Channel Near Key ResistanceNextEra Energy - NYSE:NEE - is trading in a strong ascending channel with rising lows, converging toward a key resistance around $91.50 . The stock is well above all moving averages, signaling bullish momentum. With an upcoming earnings report , NEE could break through to a new 2-year high, especially considering its potential benefit from the ongoing AI boom. However, the RSI is running hot , so it’s crucial to keep an eye on the bottom channel support line for signs of weakness. A break below could signal a retracement, but for now, the setup looks strong for continued upside. Do you think NEE can sustain this momentum, or is it at risk of overheating?
NYSE:NEELong
by elka_graph
PayPal (PYPL) – Cup-and-Handle Setup looks very BULLISHPayPal is showing a well-formed cup-and-handle pattern, with a currently consolidating handle. The stock is moving within an ascending channel, which helps project a path to the bullish target of $92.40 . However , this is an early-stage breakout setup and carries some risk . If the price breaks below the lower boundary of the ascending channel (currently around $72), it could invalidate the pattern. With the 150-day moving average far below and the RSI in overbought territory, any failure to hold support would suggest an overextended stock . On the upside, volume is increasing, and the market's current bullish trend gives PayPal a solid chance at breaking through the $74 resistance and heading toward the target. With pre-market price of ~$74 PayPal looks ready to test the $74 resistance. However, keep an eye on $72 support level for risk management, and wait for volume for breakout confirmation. Do you think PayPal can sustain this momentum, or is the stock too stretched for a breakout?
NASDAQ:PYPLLong
by elka_graph
2
Micron Technology (MU) – Potential Double Bottom FormingI'm seeing the early stages of a double bottom pattern forming in Micron's ( NASDAQ:MU ) price action. While the stock remains under the 150-day SMA at $112 , a breakout above the $90 neckline could signal a reversal with an upside target around $140—a potential 55% gain. This setup is still far from confirmed and represents a high-risk trade , but it could be a significant turnaround for Micron. A key factor to watch is Micron's earnings report next week, which could provide the momentum needed for a breakout. Micron has consistently beaten expectations and raised its outlook, so the upcoming earnings might be the catalyst for a major price jump. What are your thoughts on this potential turnaround? Do you see Micron's earnings fueling a breakout? Disclaimer : This idea is for informational purposes only and is not financial advice. I am not a professional, and you should do your own research or consult with a licensed professional before making any investment decisions.
NASDAQ:MULong
by elka_graph
6
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think Penny Stock are easy to manipulate be careful and check the fundamental of company thoroughly.
S
by AnsariTV
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think Penny Stock are easy to manipulate be careful and check the fundamental of company thoroughly.
NSE:LOTUSEYE
by AnsariTV
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think Penny Stock are easy to manipulate be careful and check the fundamental of company thoroughly.
NSE:INDSWFTLTD
by AnsariTV