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Rsi_divergence

TSLA: Approaching a major turning point.TSLA's shares are collapsing, even though the company is beating vehicle delivery expectations. This can be explained by the fierce competition coming from China, as TSLA lost its position as the world's biggest seller of electric cars to BYD in the last four months of 2023 - even though the American company managed to beat its own expectations. This not only affects TSLA, but also the shares of RIVN and LCID, the former of which also managed to exceed expectations for vehicle production. From a technical point of view, the price could fall to the next support level in the next few days, around $230 . The price is already entering a short-term downtrend , as it has lost the 21 EMA, and in the absence of a clear bullish reaction that could reverse sentiment, this is the most likely scenario. What should the price do so it can reverse this bearish sentiment? It would be nice to see a clear reversal candlestick, closing above the 21 EMA again . So far, there are no technical buy signals in my view. Are there any other possible support points? Yes, we see the 50-period and 200-period averages very close to each other, also in the $230 area mentioned earlier, reinforcing the idea that $230 could be an important support for TSLA . It would be important to see the price react above this area to avoid a Death Cross (when the 50MA breaks the 200MA downwards). A warning sign is the divergence between the RSI and the price. While the price was making higher tops, the RSI was already making lower tops, as evidenced by the red arrows in the chart above. In addition, the RSI is already losing its support levels, while the price is still above them (green lines). This can be characterized as an Advanced Breakout (when an indicator anticipates a breakout in price). For now, TSLA shares are in correction territory, and although we see a promising support zone near $230, I don't see any technical evidence that convinces me of a bullish reversal at the moment. I'll keep you updated on this, so remember to follow me for more daily analysis like this, and support this idea if you like it or learn something new here. All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
USDCAD - Bullish Divergence Heading into PCETaking a look at the 1 hour timeframe, we have some clear bullish divergence with RSI and price-action. Whenever we get a setup like this, price-action does tend to bottom out and is likely to push higher. The question now is "Will PCE come in better than expected?" As of right now, the economic calendar forecasts for weaker than previous figures. This may leave room for a surprise to the upside and thus in fact bottom out USDCAD at least on the 1 hour timeframe.
Long
by Michael_Harding
Sell USDJPY at current price (143.9)OANDA:USDJPY The USDJPY exchange rate reacted negatively to the resistance area with the appearance of a bearish Pinbar reversal base. Perhaps the negative divergence reaction of RSI may have ended. We can execute a Sell order with stop loss and take profit based on support, resistance and Fibonacci retracement levels. Sell USDJPY at current price (143.9) Stop loss at 145 Take profit 1 at 143 Take profit 2 at 142.5 Note: Capital management 2%
Short
by VNSmartMoney
1
Unlocking Potential: EURGBP's Consolidation and Bullish MomentumIn the current market scenario, the EURGBP pair appears to be undergoing a phase of consolidation following a preceding downtrend. The price action is forming a discernible flat bottom, a pattern indicative of accumulation, further complemented by a bullish divergence observed on the Relative Strength Index (RSI). Should the price breach the defined entry point, the imminent breakout could propel the currency pair upwards. Notably, the overall market sentiment stands at an overwhelmingly bullish 96%, adding a reinforcing element to the potential upward trajectory.
Long
by miansarimhameed
1
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
MSFT Making a Typical Bearish DivergenceMicrosoft ( NASDAQ:MSFT ) has been on a bull run since the AI hype started. Despite a correction that pulled it down all the way to $310, it has recovered well and continues to stay strong. However, after analysing its most recent bull run and using the RSI indicator, I have concluded that it has exhausted its bull run and is ready to take another correction. As can be seen in the above image, the share price made a new Higher High on 28th November. A previous high of $376 was achieved on 16th November. During this time, the RSI indicator made a lower high as can be seen in the above image. What does this mean? In the above case, the RSI does not make a new high when the stock price makes a new high. This shows that the momentum is weakening and trend riders may want to book their profits. As a consequence, the share price stalls and with fewer buyers and more profit takers, the likely path for the share price is downwards . Dark Cloud Cover Moreover, the candlestick pattern formation shown in the figure below also shows bearish sentiments. The closing candle on 29th November confirmed the formation of 'dark cloud cover'. Dark cloud cover shows a shift in momentum to the downside. Together with the RSI divergence, it seems NASDAQ:MSFT is headed south. What do you guys think about this?
NASDAQ:MSFT
by jabranstwocents
Massive Falling wedge on GME weekly!!!!!!!!!!!!!Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside. Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days. With new legislation for reporting short positions and the pressure on the Hedgies to finally close out, this could be the move everyone has been anticipating. Not to mention the massive amount of DRS'd shares we have been seeing. Grab your fav snack and bev because the extravaganza is about to begin. GLTYA, and happy trading ✌️
NYSE:GMELong
by impossiblebull
12
Interpreting RSI (Relative Strength Index)The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements. It is a versatile tool that can be used to identify overbought and oversold conditions, as well as divergences and trend strength. Overbought and Oversold Conditions The RSI oscillates between 0 and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. These levels are not set in stone, and they can vary depending on the security and the market conditions. However, they are a good starting point for identifying potential buying and selling opportunities. Overbought: An RSI reading above 70 indicates that the security is overbought, which means that it has been trading up rapidly and may be due for a correction. However, it is important to note that the RSI can stay in overbought territory for an extended period of time before a correction occurs. Overbought RSI indicator ETHUSD(Day Chart) As you can see in the chart, when the RSI indicator hit the 70 level, the price started dropping continuously. Oversold: An RSI reading below 30 indicates that the security is oversold, which means that it has been trading down rapidly and may be due for a bounce. However, like with overbought conditions, the RSI can stay in oversold territory for an extended period of time before a bounce occurs. Oversold RSI indicator BTCUSD (weekly Chart) As you can see in the chart, when the RSI indicator hit the 30 level, the price started bouncing from the bottom level. The RSI indicator has accurately predicted the bottoms of Bitcoin's major bear markets in 2015, 2018, and 2022. Stay tuned for more updates on this topic. Regards Hexa
INDEX:BTCUSDEducation
by HexaTrades
2
XAG/USD ↘️ Sell Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ We are in supply zone with an overbought RSI indicator. 🟠 EP 23.92943 🔴 SL 24.35149 🟢 TP1 23.48040 🟢 TP2 23.06730 🟢 TP3 22.65874 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
OANDA:XAGUSDShort
by EMA_Trading
12
$NVDA downside gap-fill potential!NASDAQ:NVDA ,1D: Price dipped just below the 50% line and popped back up over the line after coming off the local lows at 403. Given the 'uncertainty' around the level and duration of a 'higher for longer' rate environment along with the market's general preference for 'clarity' over 'uncertainty', it would not be unreasonable to expect the 'increased volatility' that comes with 'uncertainty' until some level of 'clarity' can be established around the duration of the current 'higher rate environment'. Further adding to the potential for 'market uncertainty' and 'lack of clarity' are the tenuous and ongoing negotiations between the U.S. and China around access to semi-conductor IP. NASDAQ:NVDA utilizes the cost benefits provided to its model from the 'cost efficiency' of both Chinese and greater Asia's manufacturing and production capacities. Were trade relations around semi-conductor IP between China and the U.S. to become 'less amenable', the deterioration of that relationship could adversely impact NASDAQ:NVDA 's margins. If NASDAQ:NVDA had to re-establish production/manufacturing supply chain relationships elsewhere this could inject 'uncertainty' into the price discovery process. These are 'unknown unknowns' at this point and hard to factor into analysis, but at a minimum, they would increase the potential for 'market uncertainty' and the subsequent 'lack of clarity', which often leads to 'price volatility' until some level of 'certainty' could be re-established. Looking at our 1 day RSI against price I am seeing a 'bearish divergence' whereby price makes 'higher-highs' and 'higher-lows' while the RSI prints 'lower-highs' and 'lower-lows'. This can be taken as a 'leveling off' of momentum that often precedes a change in price direction or, at a minimum, a significant pull back within a constructive trend. (see light violet curves) I would expect that a downside 'gap fill' could be a 'necessary evil' at some point in time across the next 6 weeks or so, and before further gains to the upside could probabilistically be portended from a structural standpoint. The bottom of the gap fill is roughly in confluence with the YTD VWAP (peach). NOT FINANCIAL ADVICE. ALL STOCKS CAN GO TO ZERO.
NASDAQ:NVDAShort
by Firewalker_Charts
2
Closed CRWD trade at a profit of 12.5%We have closed our CRWD trade at a profit of 12.5%. The profit target has been reached and the stock if short-term overbought (RSI) which increases the risk for a short-term pullback. When the stock is at the target profit, you have several options: a) close the full trade, b) close half of the trade and move the SL for the remaining half up to e.g. breakeven, c) move the SL up to e.g. breakeven and hold the stock for a larger move. Here is the link to our updated portfolio: www.tradingview.com
NASDAQ:CRWD
by JS_TechTrading
1
BTC/USDT - Short term SHORT with 2 Target ZonesThere is a potential for a short term SHORT trade on BTC/USDT. If todays bar closes < 34.7k (~3.5 hours till close) there is potential for a short. There are two target zones: Yellow zone, this is the most likely zone it may dump to between 32.5 and 32.8k White zone, between 30.3k and 31.8k, this may happen if the lower level of 32.5k in the Yellow zone fails to hold. Please note that the upper level of this zone at 31.8k may also act as a Support. There are many reasons why this short may happen: The price faced resistance at the trend line. The price has closed above the upper purchase zone level since October 16th, and it MAY close below it today. We are currently in a Blood Diamond which has been confirmed (white circle within the YinYang Momentum Oscillator). YinYang RSI is at 98.08 and very Overbought and is closing in with the YinYang RSI MA which is now at 94.94. The Buy Volume is bending towards the Sell Volume. YinYang Momentum is very Overbought, the predictive mountain is already angling towards the regular and may dump inside of it soon. Likewise we can see the Confirming Blood Diamond appeared on the current bar (white circle). YinYang Momentum Trend Line has turned Bearish. The reason it may correct to these zones specifically: Yellow Zone: The Basis line is here. There is a Downwards Trend Line within here. The Fourth level of the Purchase Zone is there. White Zone: The high of 31.8k was a long lasting Resistance Pivot. the low of 30.3k is where the Volume Profile is. the low of 30.3k faced lots of resistance recently. Please note this is a short term short, on the long term BTC may remain bullish. Indicators used to make this analysis: YinYang Trend YinYang Volume YinYang Momentum YinYang RSI
Short
by YinYangAlgorithms
BTC possible next move.here is my insight on BTC, as expected BTC did bounce in the zone I placed from my previous analysis. BTC might try to go range, or try the highs because of the divergence in lower timeframe before going down to retest the support. I placed the possible entry for long: 1. previous high 2. 50% of the previous gap. Ofcourse this might go lower, touch the middle of the channel maybe. Overall I'm still bullish but still expecting some pullbacks before going up again. #BTCUSDT This is not a financial advice, It is not 100% guarantee, and I only share base on what I see. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
by itsmeharuru
#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