spx500 is normal For the first time in over 300 days, #spx broke above the 200d SMA and its downtrend pattern.
The 50-day SMA has crossed over the 200-day SMA.
After a long bear market, the current uncertainty in the market is quite natural.
I expect this new little flag to even reach 4000 for a last kiss and then it can go up.
The next barrier could be around 4300.
Nyse
NYSE UPDATED SEE THE FRACTAL NOW The chart posted has never been altered . We are now in the LAST WAVE UP . in this BEAR MARKET COUNTER TREND RALLY. I will maintain that the cycle low due week of OCT 4th to the 20 focus the 10th target 3511/3490 WAS and IS the FIRST LEG DOWN. We are now coming to the end I am 75 % net long and the min target to peak is above 4222 I have ideal target 4308/4311 But feel 4255 plus or minus 6 could be the End The only alt is the outside target 4344 . I give this a 15% odds . I do feel that this is the HIGH of the year . I will be moving to a rare 80 % to 100 % short from 75 % net long. For most of you the only safe way to trigger this trade is to see the rally to above 4222 unfold over the next 72 hours. and place a SELL SHORT ON A STOP at todays low to trigger the short. The event that is nearing !! best of trades WAVETIMER ! May good only be watching over us !!!
NYSE:JNJ 13th FEBRUARY 2023The trendline is the most common part of technical analysis in forex trading. But when compared to support and resistance, trendlines are less commonly used. The trendline should be more significant due to the number of touches.
Trendlines are very suitable in combination with several technical indicators, one of which is the Money Flow Index ( MFI ).
MFI is an indicator used to measure money inflows and outflows from local and foreign investors in the stock. Since MFI measures money inflows and outflows, it also involves volume in its indicator.
In other words, MFI also measures market interest in a stock (inflows and outflows are closely related to market interest). That's why MFI also includes volume in its indicator.
How to read the MFI indicator is very easy, almost the same as how to read other indicators, such as the relative strength index, stochastic, and others.
MFI has 2 main boundary lines, the overbought and oversold lines. The overbought line is at 80 and above. The oversold line is 20 and below (note the arrow above). This means that if the MFI indicator is at 80 and above, there has been too much money inflow from investors, which causes the stock price to rise, thus causing overbought.
Meanwhile, if the MFI indicator is at 20 and below, there is too much money outflow from investors, which causes the stock price to fall, causing oversold.
C Long Resault: 17.56% Profit✅A good opportunity to long position and get a good profit from the attractive American stock market
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CA good opportunity to long position and get a good profit from the attractive American stock market
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DAL Long Resault: 23% Profit✅A good opportunity to long position and get a good profit from the attractive American stock market
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DALA good opportunity to long position and get a good profit from the attractive American stock market
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PYPL Long Resault: 25.28% Profit✅A good opportunity to long position and get a good profit from the attractive American stock market
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PYPLA good opportunity to long position and get a good profit from the attractive American stock market
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GMA good opportunity to long position and get a good profit from the attractive American stock market
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FOXAA good opportunity to long position and get a good profit from the attractive American stock market
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DISA good opportunity to long position and get a good profit from the attractive American stock market
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Walt Disney - NYSE: A technical analysis. Pt1This article is going to look at the Walt Disney Company listed on the NYSE and my outlook on their stock performance for 2023 from a purely technical analysis perspective. I will not go too technically deep but will endeavor to SHOW my prediction for 2023.
From the 1920’s Disney has transformed into a huge multinational with diverse service offerings, and has enjoyed steady growth over the years however the share price in the last few months has eroded some of this growth and 2023 in my opinion will be interesting and I will show you why.
A look at the Walt Disney chart on the weekly timeframe will show something interesting
Now from around Mar 2021, where Disney peaked to around $203, the company has been on a downward trajectory.
Inserting a trend line from Nov ’21 to Dec ’22 which touches the highs, the share price dropped from around $180 to the low $90’s. Label this line AB. Also insert a trend line CB, (Jun '22 to Dec '22) showing the low points before price action reversed up.
Our timeframe is on the weekly chart.
There is an. interesting convergence at point B. (descending trend line and ascending trend line). This price action forms a descending wedge/ cone. Chart pattern analysts will view this as a sign of a trend reversal from falling prices to rising prices. This is what has currently transpired and the price shot up above the descending trend line AB.
The price has risen to the current $111.63 (at time of writing). Does this mean that Disney is now back on the positive trajectory? Well allow me to show some interesting insights.
The current stock price increase though exciting is accompanied by average volumes (not a lot of demand for the stock). The volume has been nothing but fair and not really convincing to show more upside potential in price.
Now if you super –impose another trend line parallel to CB and labelled it DE, it will bring out a channel that might actually form the new path in which price will start moving in potentially. Now in some cases bull run prices that emerge from descending wedges do not break this parallel line, and it would be interesting if Disney does so.
The final technical analysis tool for consideration though simplistic, is the epitome of elementary technical analysis. The moving averages. They have the ability to show support and resistance points.
The 20,50,100,200 SMA on this weekly chart will help make my case for Walt Disney 2023 stock direction. Price action has broken above the 20 SMA and slightly over the 50 SMA (As of this week) however, there are some key resistance levels, that if not broken we will see further downward movement. If the price breaks the $119 level then we could probably see price go as high at $130 and then $170 and beyond.
THE VERDICT
I strongly think Disney will have another tough year on the market, from a technical perspective the stock is one that I would personally SELL in 2023. I have put up 4 scenarios, which are:
Scenario A - price might retrace to around $120 and comeback down to $80or
Scenario B - price goes up to around $143 or
Scenario C price goes up to $168 retrace down $80.
Scenario D which is unlikely might see Disney hit above $200 by Dec 2023.
This technical analysis though not exhaustive might give some interesting insights.
Verdict: - look for SELL opportunities when price action rises. we might close the year below $80.
Takunda Mudenge is a financial market analyst based in Zimbabwe, Africa. He writes in his personal capacity for educational and entertainment purposes. This should not be construed, assumed or viewed as investment advice. Please consult a professional for such.
#FLWS its that time of the year Flowers are still a favored gift choice, with the National Retail Federation (NRF) reporting that 35% of those surveyed plan to give flowers to their Valentine. Companies such as 1-800-Flowers.com (FLWS), which offers nationwide shipping, may experience an increase in business, as suggested by Kealy. Despite a dip from its 52-week highs, FLWS's stock price remains attractive.
Although the popularity of jewelry gifts has declined, according to NRF, it still commands the highest average cost per person at $30.34, totaling $3.9 billion in spending. The US Census Bureau data shows that the estimated value of jewelry and silverware shipped by manufacturers in the country was $6.5 billion.
BTU Long • The optimum strategy for BTU: Momentum 160
• Start price: 28,90
• Current stop-loss: 26,785
• Trailing stop-loss: ATR(14) x 1,4
• Projected annual return: +132%
• Take profit: not installed
• Average trades per month: 1
• Average profit per 1 trade: +6,74%
• Strategy win-rate: 47%
• Technical analysis applicability for 3325 technical strategies: 73,1%
• Days for backtesting: 1125
• Timeframe for testing: 1 day
• Long 55%
• Short 41%
• Neutral 4%
Stable long-term profit for FOREX, CRYPTO, STOCKS based on math backtesting algorithm. Instant optimization and analysis of 3325 technical strategies
worst months for stock market until febI can feel the super optimism from the NYSE market since friday.
yes the powerful volume showed from the market and the last candle and weekly made it would go back to upside from now on.
But we need to gear up the pessimistic view again.
corporations earning seasons are coming soon, and mostly they will bring the worst momentum and results.
last week's Friday job's income report was optimistic, but this can be changed with CPI data on thursday morning.
also the FED chairman Powell's speech you need to be aware on tuesday morning.
I personally belive that the short term early year bullish effect has finished now.
ABC with bullish flagInstrument: ABC
Chart pattern: Bullish Flag
Optimal technical indicator: EMA CROSS 200_100
Current signal of optimal tech indicator: LONG
Optimal technical indicator win-rate: 50%
Days for backtesting: 2220
Timeframe for backtesting: 1D
Price at the time of forecast: 161,4300
Enter point: on chart
Take-profit: on chart
Stop-loss: on chart
Current model trailing stop-loss: 159,9028
Multiple for stop-loss strategy in model: ATR(14) x 0,6
Average trades per month with optimum technical indicator: 3
Average time for 1 trade with optimum technical indicator: 7
Average profit per 1 trade: 0,39%
Projected annual return w/o leverage: 14,6%
Technical analysis applicability for 3325 technical strategies: 43%
Technical analysis recommendations:
Long: 35%
Short: 61%
Neutral: 4%
Stable long-term profit for FOREX, CRYPTO, Equity based on backtesting optimization algorithm. Instant analysis of 3.3K technical strategies
High FIVE to FIVE for showing upside to come to $238.28Cup and Handle has formed since 2022 which broke above recently.
The price has come back down in the handle but it seems like the price wants to retest the uptrend.
7>21 (Bullish)
Price >200 (Bullish + Green back)
RSI >50 (Bullish - Green back)
Target $238.28
CONCERN:
We are seeing the price come down below the Handle. This isn't ideal after a breakout above the brim level as investors start getting spooked out of their trades.
I would consider this a medium probability trade and we should let the price come back a bit.
DKS showing downside to come to $103.03 with a warningRising Wedge (Bearish) has formed on Dicks Sporting Goods.
We have the price yet to break below the Wedge, which then the price will come down to the 1st target - $103.03
CONCERNS:
The 7>21 (Bullish).
RSI >50 (Bullish)
Price is above 200MA...
This is what I call a LOW probability trade because we have mixed signals of buying and selling. However, the chart pattern is potentially predicting a change to the downside. So my bias is bearish despite the positive lagging bullish indicators.
General info:
DKS is one of the largest sports retail company listed on the NYSE that specializes in selling sports equipment, clothing, and accessories.
It was founded in 1948 by Richard "Dick" Stack in Binghamton, New York and has over 600 stores in the US.
ABC showing mixed signals target $153.16Descending Triangle has clearly formed on Daily.
The price has broken below the neckline (just waiting for confirmation)
RSI<50 (Red)
Target $153.16
Concerns:
The American stock exchanges and the companies are heading up with the January Effect, the weakening dollar (I know it's unusual) and with China's policy with the Covid restrictions easing - bring new hope for the economy.
The Moving Averages are still up and price is above the 200MA.
But as we know, the 200MA acts as an elastic band. So price gravitates usually back to it.
I am cautiously pessimistic with ABC and the short bias is strong than the long bias.
Medium probability trade.