Current Observations: Ichimoku Cloud: The price is above the Ichimoku cloud, which generally indicates a bullish trend. The cloud appears to be rising, supporting further upside potential. Support and Resistance Levels: Resistance 1 (R1): 174.73 appears to be a previous resistance level that has been surpassed, which may now act as support. New Resistance...
Technical Analysis Insights: Support and Resistance Levels: Support: Strong support is observed around the $29.68 level, with another at $29.17, providing potential entry points if the stock pulls back. Resistance: The stock faces resistance near $33.31, which could be a critical level to watch if the bullish momentum continues. Moving Averages: PLTR is trading...
1. Market Structure Analysis Trend Analysis Short-Term Trend: NVDA has been in an uptrend, as seen in the ascending channel on the 1-hour chart. The price has been making higher highs and higher lows, which indicates a bullish market structure. Medium-Term Trend: The broader trend since the beginning of August also supports the uptrend. NVDA has recovered from...
Chart Overview: Support Levels: 210.58: A significant support level, previously tested multiple times. 186.80: A more distant support, representing a major lower boundary. Resistance Levels: 219.76: Immediate resistance level, just above the current price. 234.60: A key resistance level if the price continues to rise. Trend Lines: The chart indicates an...
Technical Analysis (TA): Support and Resistance Levels: Current Price: Around $259.96. Resistance Levels: Near $360 (highlighted as R1 around the $360 level multiple times in the chart). Another resistance is $417.39 (R1 level from an earlier high). Support Levels: $172.68 appears as a strong support level (S1). $225.50 could be a psychological support, aligned...
Key Observations: Price Action: The price appears to be in an uptrend, as indicated by the higher highs and higher lows on the chart. A clear resistance level is visible around $172, where the price has tested multiple times. Volume Profile: There is a significant volume node around $167.50 to $166.15, indicating a strong area of support. The price has broken...
Technical Analysis Chart Overview Trend Analysis: AMD has been in a rising trend since the beginning of the month, creating a series of higher highs and higher lows. The stock has recently broken through a significant resistance level, suggesting a continuation of the upward trend. Support and Resistance Levels: Immediate Support: Around $138.19, marked by the...
Technical Analysis Chart Overview Trend Analysis: NVDA has been in a downward trend but is showing signs of recovery with a short-term upward channel developing. The stock is making higher highs and higher lows, indicating a potential bullish reversal in the short term. Support and Resistance Levels: Immediate Support: Around $103.50 (marked by the red...
Tesla (TSLA) based on the provided 1-hour chart: Technical Analysis Chart Overview Trend Analysis: TSLA has recently rebounded from its recent lows, showing a potential reversal from the previous downtrend. The stock appears to be forming a higher low, which is a bullish sign. Support and Resistance Levels: Immediate Support: Around $194.72 (red line). Major...
Technical Analysis Chart Overview Trend: PLTR is currently in an ascending channel, indicating a short-term bullish trend. The price action is near the upper boundary of the channel, suggesting potential resistance at this level. Support and Resistance Levels: Support: Around $29.15 and $26.05 (marked by red lines). Resistance: Near $31.19 and $30.37 (marked by...
Palantir Technologies Inc. (PLTR), here’s a technical analysis for the upcoming week and some suggestions for potential entry and exit points: 1. Current Price Action: Trendline: There is an upward trendline, indicating the stock has been in a bullish trend. However, it looks like the price might be testing this trendline. Volume Profile: The Point of Control...
Technical Analysis (TA) Overview: Trend & Price Action: Current Price: The price is trading around $106.19 with resistance nearby at $109.22. Descending Triangle Formation: The price action indicates a descending triangle pattern, with lower highs forming, suggesting possible bearish sentiment. Volume Profile: The right side of the chart shows a volume profile,...
Technical Analysis (TA) Overview: Trend & Price Action: Current Price: $200.63, with resistance around $203.38. Downtrend: TSLA has been in a downtrend as indicated by the descending channel (parallel lines). Moving Averages: 50 EMA (Green Line): Price is currently testing this level, which might act as resistance. 200 EMA (Purple Line): Located around $220.18,...
Technical Analysis (TA) Overview: Trend & Price Action: Current Price: $29.69, approaching a high around $29.70. Ichimoku Cloud: The price is well above the Ichimoku Cloud, indicating a strong bullish trend. The green cloud (Senkou Span A above Senkou Span B) suggests continued bullish momentum. Pivot Points: Resistance Levels: R1: $25.16 (already breached). R2:...
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Support and Resistance Levels Resistance Levels: $124.69: Significant resistance indicated by volume profile. $121.51: Another notable resistance level. Support Levels: $106.73: Current support level. $99.82 - $100.01: Lower bound indicated by volume profile. Entry and Exit Points Long Entry: Entry: Above $121.51 if it breaks above with strong volume. Exit:...
Technical Analysis for TSLA Short-Term Trading (1-3 Days) Potential Direction: Given the bearish trend and current support tests, TSLA might continue to decline if it fails to hold above the $208.00 support level. Entry and Exit Points Long Entry: Entry: Above $219.23 if it breaks above with strong volume. Exit: Near $236.27 (first resistance) or if it drops...
Recession Information The likelihood of a recession in the U.S. remains significant, with various indicators and experts suggesting a high probability. Economic models predict a 56% to 85% chance of a recession by 2024 due to high inflation and interest rates, alongside global economic slowdowns in regions like Europe . Technical Analysis Chart Overview: The...