technical analysis

On Aug. 15, Target Corporation (NYSE:TGT) created a double bottom pattern in its stock price, which fell to $125, revisiting lows last seen on June 9. The imminent catalyst for Target is its upcoming release of Q2 financial results, scheduled for Aug. 16 before the market opens. Analysts on Wall...

In the picturesque town of Lagos, nestled along Portugal’s Algarve region, Didi Taihuttu starts his days on the rooftop of his villa, absorbed in cryptocurrency price charts.  This 45-year-old Dutch investor made headlines in 2017 when he exchanged his family’s possessions,...

A five-week streak of advances that recently took the S&P 500 index from 4,100 points to a high of 4,450 points, is set to end on Friday. That is, unless, we see remarkable bullish backlashes in the final trading hours of the week. The index, the top 500 American corporations tracked by the...

The pace at which stocks have surged in recent weeks has begun to trigger a few warning signals among the most common technical tools used by traders. On Friday, June 16th, the relative strength index (RSI) for the S&P 500 Index reached its most overbought level since November 2021, suggesting...

A well-known technical indicator has just delivered a bearish signal for the S&P 500 index, which has previously been accurate in predicting market downturns. On Friday, June 2, the S&P 500 index, represented by the SPDR S&P 500 ETF Trust (ARCA: SPY), broke through the 4,250 level...

By Lance Roberts Lately, we discussed macro-related market issues such as the” A.I., chase,” but a technical review can help manage shorter-term risks. Currently, the debate is about the market rally from the October lows. Is it a resumption of the 2009 bull market trend or an...

Candlestick patterns are widely used in technical analysis to predict future price movements in financial markets. By analyzing the shape and formation of candlesticks, traders and investors can gain insights into market sentiment and make informed decisions. In this article, we will explore the...

Ethereum (CRYPTO: ETH) was leading the crypto sector slightly higher during Tuesday’s 24-hour trading session, trading up 3.08% at one point despite the S&P 500 falling over 1%. The move higher by the top cryptos, which saw Bitcoin (CRYPTO: BTC) rising 1%, came as Ethereum and Bitcoin met...

The S&P 500 Index may have reached the finish line of the rally that started in October 2022, after breaking above the 4,200 threshold last week. That's the opinion of Morgan Stanley's Equity Strategist Michael Wilson, who sees no evidence of a fresh bull market for the...

Advanced Micro Devices, Inc (NASDAQ: AMD) was trading slightly higher on Thursday after closing Wednesday’s session up 2%. Shares of the chipmaker are up almost 19% since May 4, after breaking bullishly from a falling channel pattern on the daily chart, which often signals a longer-...

The SPDR S&P 500 (NYSE: SPY) gapped up about 0.7% higher on Wednesday, confirming a new daily uptrend after headline consumer price index data came in under economist estimates. Whether or not the local top is in, and the SPY will consolidate under resistance near the $414 mark remains to be...

In just over 21 days, meme cryptocurrency PEPE (CRYPTO: PEPE) has surged by more than 375,000 times, leading a number of early investors to cash out. While investing in meme coins is inherently dangerous, there are several methods you can use to help improve your chances of making...

AMC Entertainment Holdings, Inc (NYSE: AMC) was trading 1.9% on Wednesday morning after closing down 2.65% to end Tuesday’s session. The theater chain has been battling a heavy resistance level near the $5.75 mark and, because the stock has been unable to break through the area, has...

Bank of America technical analyst Paul Ciana expressed a tactically bullish stance on the dollar, saying that the greenback is set for the second episode of a snapback rally in May.  The US dollar index (DXY), which is tracked by the Invesco DB USD Index Bullish Fund ETF (ARCA:...

If you want to trade stocks you MUST understand technical analysis. It’s an investment style that focuses on price patterns to predict what the stock market will do in the next few minutes, hours, days, weeks, or even months. Here’s everything you need to know about it: How it works...