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Regression

SPY to $585?: EOY Price TargetUsing the Magic Linear Regression Channel on TradingView.com we look at some possible scenarios for SPY price movement. A shorter term regression channel shows SPY at the top of the channel and rejecting it today - even with more buyers than sellers in the TradingView Volume Footprint chart view. The bottom of the channel converges with last pivot low near $584. It could conceivable go lower, but with lower volume likely during the holiday season, it would seem less likely for it to make any more big moves barring some major unexpected event.
AMEX:SPYShort
by mwrightinc
7
TSLA to $420?TSLA has been on a tear over the past month or so. Using the Magic Linear Regression Channel indicator we look at the chart of TSLA and see that it has blown through a lot of the parallel channels, making it seem difficult to pinpoint. But, by adding an outer Fibonacci band to the Magic Linear Regression Channel, and selecting starting pivot highs followed by the biggest drops, we can form a channel that has an upper Fibonacci channel that coincides with the all-time high. However, since TSLA didn't get to Elon's favorite number, 420, last time around, I think it will make it there this time before correcting or consolidating. And, it could make it there before the end of the year.
NASDAQ:TSLALong
by mwrightinc
2
NVDA to $170K EOYWith the Magic Linear Regression Channel by @mwrightinc, we built a channel on the daily chart that shows that NVDA looks like it may be beginning a bounce from the channel baseline. Using the Multi-VWAP indicator by @mwrightinc, we can also see that today, NVDA reclaimed the 5 Day anchored volume weighted average price (AVWAP). We can also see that after we lose the bearish data from 5 days ago that we will have a rising 5-Day AVWAP, which, according to Brian Shannon of AlphaTrends, is a MUST before entering into any long positions. NVDA also reclaimed the 50 Day AVWAP. Another very bullish sign. With a second Magic Linear Regression Channel, or by just drawing a trendline from the pivot high close from June 18th, 2023, we can see that $135.58 was broken as support, but yesterday's large bottom wick and today's continued upward momentum suggest that the level may be reclaimed in the very near future. I see two potential scenarios playing out. A bullish one, where NVDA not only reclaims the 135.58 support, but heads back up to the top of the 1 1/2 year-old channel that has been respected at multiple levels. And, a bearish one, where NVDA continues to fall that is indicated by its recent break of a neckline from a double-top. I believe the bullish scenario is more likely, because NVDA has already had a big move down from its earnings, and it actually beat estimates all around. NVDA is a beast, and I'm guessing that it has the potential to reach $170 by the end of the year, if the bullish scenario plays out.
NASDAQ:NVDALong
by mwrightinc
4
SPX in monthly (log)Hello community, A quick review of the month on the SPX index. A red candle for this month of October. I have indicated in orange the simple 12-period average (monthly) The price is in the upper part of the channel, I don't see anything alarming on the chart. The trend is still bullish, I prefer to invest my money in the American market, than on the old continent which is very sick! Whether it is Harris against Trump, the new president will have a country in working order to face the future. I have confidence in the USA. Make your opinion, before placing an order. ► Thank you for boosting, commenting, subscribing!
SP:SPXLong
by DL_INVEST
Bitcoin to continue meandering around this linear regressionAround 2019, BTC/USD began a linear regression that continues to be respected to this day. Now, it looks like we are currently making a move to the downside of the line, and I expect no lower than 38k. This is a long term play, and it may not be until early 2025 that the bottom is in, however it could be as early as November, which would be great timing for the presidential election. If Kamala wins, expect the bottom to be hit within a week. If Trump, then expect a short pump, followed by a long bleed into early 2025, and then the next run to an ATH will commence and I expect no higher than 100k.
Short
by AdvancedPaperTrading
11
TFEX S50 FuturesTFEX S50 Futures looking down in all 3 Trend Primary trends Secondary trends Minor Trends At the moment it is at the -2SD support level of the Volume Normal distribution and POC of Regression Trend Now Volume Profile of last Degree move down to the bottom that might bounce. If looking down, wait for a bounce and then open a short at the POC resistance level or wait for a reversal at the upper edge. If you look up and don't care about the trend, open Long at the support level, set Stop Loss at Low. However, There is a target of going down in the Range Volatile month and 3rd month At 800 it is still the first target. Trade with faith in your beliefs and follow your own plan. C.Goii SuperTrader
TFEX:S501!Short
by CoachGoii_SuperTrader
1
Is Tesla Headed for a Bullish Ride?Is Tesla Set for a Bullish Ride? 🚀 With Tesla's stock showing signs of a potential uptrend, investors are wondering if this could mean big gains ahead, maybe even a doubling in value. Here's the rundown: 👍 Tesla fans are excited about: • Cool Innovations: Tesla's new Cybertruck production line is getting attention for its smart design, making manufacturing more efficient. • Market Growth: Tesla's looking to bring Full Self-Driving features to China, which could mean big growth in a key market. • Elon's Moves: Elon Musk's making moves to get more voting power in Tesla, and folks are curious about what that could mean for the company. 👎 But there are doubts too: • Leadership Changes: Tesla's seen a lot of changes in its top execs lately, and some wonder if it's a sign of trouble. • Production Delays: That new 'Model 2.5'? It's been pushed back to the first half of 2025, making investors nervous. • Regulatory Worries: News of a NHTSA investigation into Tesla's recall fix has some investors worried about what could come next. As investors weigh the potential for a bullish run against these challenges, it's a waiting game to see if Tesla's stock will soar or hit some roadblocks. Disclaimer: Market movements are inherently unpredictable. Always conduct thorough research and consider professional advice before investing.
NASDAQ:TSLALong
by Julien_Eche
4
GameStop (GME): What Lies Ahead ?A pivotal moment as the stock breaks through the channel with a bullish surge, hinting at a potential shift in market sentiment. Here's a closer look: Positive Indicators: • Financial Resilience: There are signs that GameStop is gaining control over cash burn and losses, suggesting a possible turnaround in its financial stability. • Margin Expansion Potential: Optimism brews around the prospect of improved margins, driven by a strategic shift towards higher-margin software sales and ongoing cost-saving initiatives. • Strategic Capital Raise: GameStop's decision to capitalize on the recent share price surge by issuing shares at a premium indicates a proactive approach to bolstering its financial position. Challenges and Concerns: • Earnings Reality Check: Q1 results falling short of expectations raises questions about GameStop's ability to adapt to evolving market dynamics and meet investor demands. • Management's Communication Strategy: Limited engagement with investors, marked by the absence of conference calls or Q&A sessions, fuels speculation about management's long-term vision and transparency. • Sales Dynamics: A complex mix of declining hardware sales, shifting software preferences, and the rise of subscription services presents formidable challenges to GameStop's growth trajectory. Navigating through this landscape of opportunity and uncertainty, investors are left to ponder whether this bullish surge marks a genuine turnaround or merely a temporary reprieve in GameStop's tumultuous journey. Disclaimer: Market movements are inherently unpredictable. Always conduct thorough research and consider professional advice before investing.
NYSE:GME
by Julien_Eche
1
SPY Price Projection: Mid-2025 TargetRevealing Market Trends: Logarithmic Regression Analysis Indicates Bullish Path for SPY In the ever-evolving realm of financial analysis, the search for reliable predictions remains ongoing. Logarithmic scale regression analysis, coupled with potent indicators, has emerged as a promising tool for discerning trends, particularly regarding assets like the SPY. This analysis delves into the utilization of logarithmic scale regression alongside two robust indicators, offering insights into the potential trajectory of the SPY's price movement. It's essential to note that the interpretations and predictions presented are based on my analysis alone and should not be construed as financial advice. As with any market analysis, uncertainties persist, and actual outcomes may diverge from projections. Logarithmic scale regression accounts for the exponential nature of price movements, providing a nuanced perspective on long-term trends. When combined with indicators such as moving averages or momentum oscillators, the analysis gains depth, revealing not only the direction but also the strength of the trend. After meticulous examination of historical data and the application of analytical tools, our analysis suggests a bullish trajectory for the SPY, with a projected price nearing 620 EUR by mid-2025. This projection implies a significant uptrend from the current date, with a potential increase of approximately 20% over the specified timeframe. However, it's crucial to approach such forecasts with caution, recognizing the inherent risks associated with financial markets. While our analysis indicates a positive outlook, market conditions can change rapidly, leading to deviations from expected trends. In summary, logarithmic scale regression analysis, supported by robust indicators, offers valuable insights into market trends and potential price movements. While our analysis suggests a bullish sentiment for the SPY, investors should conduct thorough research and seek professional advice before making investment decisions. Disclaimer: The analysis provided is based on personal interpretation and should not be considered financial advice. Investing in financial markets carries risks, and actual outcomes may differ. Readers are encouraged to conduct their own research and consult with financial professionals before making investment decisions.
AMEX:SPYLong
by Julien_Eche
VERX ATH on Earnings LONGVERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its bullrun after the earnings report was a two line beat much like the one a quarter ago. VERX has impressed traders including this one who got in on the ride early. I will trade this like others recently with a similar pattern. I will hold during the consolidation and watch for a break above the flag regression channel. I will add upon the break and set a trailing stop loss of 5% upon a rise of another 5% keeping the profits safe while underway. See my ideas on SOUN DUOL, VTYX and a few others. Review the link to the pattern description here. See also my swing long trade ideas for this sector XBI and LABU.
NASDAQ:VERX
by AwesomeAvani