Home Depot: Potential Downtrend Home Depot has struggled for months, and some traders may discern a potential downtrend.
The first pattern on today’s chart is the series of lower highs since last September. Combined with lower lows, those could suggest that sellers are active.
Second, the home-improvement chain’s 50-day simple moving average (SMA) has been under the 200-day SMA since early December. That may reflect a longer-term downtrend.
Third, HD ended Monday below its 21-day exponential moving average. MACD is also falling. Those signals could be consistent with short-term weakness.
Finally, the stock bottomed under $290 in May. Could traders look for a retest of that level?
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Treasury Yields May Be Rising The yield on 10-year U.S. Treasury notes has climbed since February, and some traders may see further upside.
The first pattern on today’s weekly chart is the series of higher lows since September 2024. Those may reflect a longer-term uptrend.
Second, TNX has pushed against a falling trendline that began in late 2023. Is it finally breaking?
Third, notice how a previous trendline breakout in July 2023 was followed by a move to the upside.
Fourth, economic conditions may favor higher rates. Initial jobless claims have remained low as inflation stays above the Federal Reserve’s target. Several policymakers made hawkish comments last week and futures suggest a hike may occur on September 16.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Walmart May Be Trending Lower Walmart had a big run between 2022 and early 2026, but now it may be going the other way.
The first pattern on today’s chart is the pair of peaks in February and May. That double top may signal a reversal of the preceding uptrend.
Second, the retail giant gapped lower after announcing results on May 21. It stayed below levels from the session before making another push to the downside. Prices then recovered. But is that bounce a potential bearish flag?
Third, the 8-day exponential moving average (EMA) is below the 21-day EMA. That may reflect a short-term downtrend.
Fourth, Wilder’s Relative Strength Index (RSI) has stayed under 50 after hitting oversold conditions. That may also be consistent with short-term weakness.
Finally, WMT is under its 50- and 200-day simple moving averages. That may reflect a longer-term reversal.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. ExxonMobil Could Be Accelerating ExxonMobil pulled back after rallying in the first quarter, and some traders may think it’s accelerating again.
The first pattern on today’s chart is the series of lower highs since late March. The energy giant has returned to that falling trendline as oil rises. Could it break out?
Second, prices bounced earlier this month at the rising 200-day simple moving average. That may reflect a bullish long-term trend.
Next, MACD is rising and the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. That may suggest short-term momentum is turning bullish.
Finally, XOM is an active underlier in the options market. (Its average daily volume of 60,200 contracts ranks first among energy stocks in the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Upside in Occidental? Occidental Petroleum has been climbing this month, and some traders may see further upside.
The first pattern on today’s chart is the quick bounce since July 1. The oil driller has paused in the last three sessions. Could the pullback be viewed as a bullish flag?
Second, recent consolidation has occurred around the lows of April and May. That zone initially held OXY back, but now that resistance may be breaking.
Third, the recent bounce started at the 200-day simple moving average. That may confirm a bullish longer-term trend.
Finally, the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. MACD is also rising. Those signals could indicate short-term bullishness.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Broadcom May Be Sliding Broadcom began last month with a sharp selloff, and some traders may see further downside in the chip giant.
The first pattern on today’s chart is the June 4 drop following quarterly results. AVGO has remained entirely below that gap since, so it may represent a bearish reversal.
Second, the stock has made lower lows and lower highs since the decline. Does the resulting channel mark a new downtrend?
Third, falling MACD may reflect weak momentum. It also created potentially bearish divergence in June, failing to confirm new highs on the price chart.
Fourth, the 8-day exponential moving average (EMA) has stayed under the 21-day EMA. That may reflect a short-term downtrend.
Next, prices recently bounced at the 200-day simple moving average. Closing under that line could signal a longer-term breakdown.
Finally, AVGO is an active underlier in the options market. (Its average daily volume of 275,600 ranks 15th in the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com .
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Pre-Earnings Triangle in Tesla Tesla has been struggling all year, and now some traders may see risk of a break to the downside.
The first pattern on today’s chart is the tight range since July 2. The EV giant has made lower highs while remaining above roughly $390.50. That could be viewed as a bearish triangle, with potential for a move lower if support breaks.
Second, TSLA tried unsuccessfully to break its late-2024 high in December before making lower weekly highs. That may be consistent with a longer-term top.
Third, the 50-, 100- and 200-day simple moving averages are close to each other and essentially moving sideways. Could that long-term neutrality morph into bearishness?
Next, some chart watchers may see potential for prices to slide toward the 52-week low below $300.
Finally, TSLA is a highly active underlier in the options market. (Its average daily volume of 2.8 million contracts ranks second in the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts – especially with earnings due after the closing bell next Wednesday, July 22.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com .
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Selling Patterns in the Nasdaq-100 The Nasdaq-100 has moved sideways for six weeks, and now sellers may be getting active.
The first pattern on today’s chart is the pair of converging lines, with lower highs and higher lows. Such a triangle may be consistent with a stalling trend.
Second, NDX opened yesterday above the previous session’s high and probed below the previous session’s low before closing red. That bearish outside day may signal a reversal.
Third, MACD has been falling.
Finally, prices have tried to hold the rising 50-day simple moving average. The 8- and 21-day exponential moving averages have also moved sideways. The convergence of all three could also suggest that the short- and intermediate-term trends have stalled.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Greenback Might Be Rising The U.S. Dollar Index has been stable for more than a year, but now it might be rising.
The first pattern on today’s weekly chart is the long basing pattern since mid-2025. (Notice the lows marked in yellow.) Last year’s series of lows above 96 is a potential double bottom. DXY probed below 96 in January (making a four-year low) but quickly rebounded. That might be viewed as a false breakdown.
The Iran War drove it higher in March, followed by a pullback and higher low in April and May. Those formations could be consistent with long-term bottoming.
Second, DXY peaked at 100.643 on March 31. It pushed above that level last month, followed by a pullback and retest in subsequent weeks. Has old resistance become new support?
Third, last week ended positive with a higher low and lower high. Such a bullish inside candle may confirm its direction is now pointing upward.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. S&P 500: Potential Topping Signals The S&P 500 has drifted for two months, and some traders may see potential signs of topping.
The first pattern on today’s chart is the June 15 peak of 7,578. SPX closed Friday at that old weekly high, followed by a drop on Monday. Staying below that level could suggest that resistance has taken hold.
Second, narrowing Bollinger Bandwidth may reflect a potential lull before volatility rebounds.
Third, the index peaked at 7,273 on May 5 and bounced there 5-6 weeks later. Could traders expect a retest of that level?
Finally, prices are near the rising 50-day simple moving average. Could a drop beneath it signal an intermediate-term reversal?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Caterpillar Stair Steps Higher Caterpillar has been in a steady uptrend, and some traders may think it will keep stair-stepping higher.
The first pattern on today’s chart is the price range between $845.27 and $850.80 (April 23’s high and April 30’s low). The industrial stock bounced at or above that zone in mid-May and early June before climbing to a new record high in late June. That illustrates how old resistance became new support.
Second, the May 7 high of $931.35 served as resistance in early June, followed by a breakout in mid-June. CAT has now pulled back and could be trying to bounce at the same level. Is old resistance becoming new support again?
Third, prices are also holding the rising 50-day simple moving average. That could reflect a bullish intermediate-term trend.
Next, CAT has stayed above the low of last Tuesday’s hammer candlestick. That may confirm the end of its short-term pullback.
Finally, stochastics are potentially stabilizing near oversold levels.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Intel’s Triple Digit Establishment Intel broke out in April and May. It consolidated for the next two months, and now some traders may see potential for further upside.
The first pattern on today’s chart is the $100 price line. INTC broke that level on May 5 and made a higher low above it two weeks later. The stock probed below $100 on June 5, but quickly recovered. That was followed by a low of $104.41 on Wednesday.
Such a basing pattern above $100 may suggest the chipmaker has established itself in triple-digit territory.
Second is the falling trendline in May, which INTC broke in June and held this week. Has old resistance become new support?
Third, the bounce occurred near the bottom of the Keltner Channel and the rising 50-day simple moving average (SMA). That may be consistent with a pullback within the context of an intermediate-term uptrend.
Fourth, the 50-day SMA has stayed above the 100-day SMA. That could be consistent with a longer-term uptrend.
Next, stochastics have reached an oversold condition.
Finally, INTC is an active underlier in the options market. (Its average daily volume of 703,000 contracts ranks seventh in the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com .
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Chips Pull Back Chip stocks have led the market higher this year, and now they’ve pulled back.
The first pattern on today’s chart of the Philadelphia Semiconductor Index is the May 14 (weekly) high of 12,142. SOX bounced at that level in the first half of June and is showing signs of stabilizing there again.
Second, prices have tested the rising 50-day simple moving average (SMA) for the first time since early April. Is the intermediate-term uptrend still in effect?
Third, yesterday featured a hammer candlestick pattern. That may suggest its short-term downtrend has ended.
Next, stochastics are turning up from an oversold condition.
Finally, upcoming events could be a catalyst with quarterly results starting to arrive later this month.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Merck: Has Resistance Become Support? Merck has been sneaking higher, and some traders may think the drugmaker has broken out.
The first pattern on today’s chart is the February 25 peak of $125.14. MRK pushed above that level two weeks ago, before pulling back to bounce at the previous high. Has old resistance become new support?
Second, prices held the 8-day exponential moving average (EMA). The 8-day EMA is also above the 21-day EMA and MACD is rising. Those signals may reflect short-term bullishness.
Third, MRK spent most of May and June chopping on either side of its rising 100-day simple moving average. That may suggest it’s in a longer-term uptrend, with potential to extend higher after months of consolidation.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Nebius Pulls Back Nebius hit a record high in mid-June, and now it’s pulled back.
The first pattern on today’s chart is the rally on May 13, propelled by strong quarterly results. The AI infrastructure stock fluctuated around $205 that session and has stayed mostly above that price area since. It’s now trying to stabilize in the same zone.
Second, a series of higher weekly lows may suggest accumulation is underway.
Third, NBIS is now trying to stabilize at its rising 50-day simple moving average (SMA). That could reflect a positive intermediate-term trend.
Fourth, the 50-day SMA is above the 100-day SMA. Both are above the 200-day SMA. Such a configuration, with faster SMAs above slower SMAs, may reflect a longer-term bullishness.
Next, stochastics have dipped to an oversold condition.
Finally, NBIS is an active underlier in the options market. (It averages 195,000 contracts per session.) That could help traders take positions with calls and puts.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com .
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. JPMorgan Flirts with New Highs JPMorgan Chase has been flirting with new highs, and some traders may see potential for a breakout.
The first pattern on today’s chart is the $329.19 level, a weekly close on January 9. JPM stayed under that level until mid-June but is now above it. Is resistance breaking?
Second, the low in January, lower low in March and higher low in May could be viewed as a basing pattern.
Third, the 50-, 100- and 200-day simple moving averages (SMAs) are relatively close to each other. Such compression -- resulting from months of consolidation -- may create potential for an expansion phase.
Next, the 8-day exponential moving average (EMA) is above the 21-day EMA and MACD has been rising. Those signals could reflect a bullish short-term trend.
Finally, the megabank has broken a falling trendline that started on the second session of the year.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Goldman Sachs Pulls Back Goldman Sachs hit a new high two weeks ago, and now it’s pulled back.
The first pattern on today’s chart is the May 22 weekly close of $996.73. GS bounced slightly above that level on June 10 and now is showing potential signs of stabilizing in the same area. Is new support getting established?
Second, the investment bank made a lower low and higher high yesterday compared with the preceding session. That bullish outside candle could suggest that the most recent slide is ending.
Next, stochastics have dipped to an oversold condition and prices are near the bottom of the Keltner Channel.
Finally, the 20-day simple moving average (SMA) is above the 50-day SMA. Both are above the 100-day SMA, which is also above the 200-day SMA. Such an alignment, with faster SMAs above slower ones, may reflect a longer-term uptrend.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Nokia Rallied. Now It’s Pulled Back Nokia made big moves in April and May. Now some traders may see opportunity in its latest pullback.
The first pattern on today’s chart is the May 7 low of $12.13. The Finnish tech stock formed a hammer candlestick slightly above that level yesterday, which may confirm that support is in place.
Second, the bounce occurred near a 50 percent retracement of the recent surge.
Third, the rising 50-day simple moving average may be consistent with an intermediate-term uptrend.
Next, stochastics are trying to recover from an oversold condition.
Finally, NOK is an active underlier in the options market. (It averages more than 400,000 contracts per day, according to TradeStation data.) That could help traders take positions with calls and puts.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com .
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Verizon Could Be Sliding Verizon Communications has been sliding, and some traders may see risk of further downside.
The first pattern on today’s chart is a high around $51 from July 2022. VZ stalled at that level in March before rolling over, which may suggest that long-term resistance is in place.
Second, the telecom made lower highs following that peak. It tried to hold the April 14 low, but broke that level on Monday after being removed from the Dow Jones Industrial Average.
Third, prices closed under the 200-day simple moving average. That could be consistent with a longer-term breakdown.
Fourth, the 8-day exponential moving average (EMA) is under the 21-day EMA. That may reflect a short-term downtrend.
Finally, could traders look for a test of the 52-week low of $38.39?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Amgen Bases as Healthcare Ramps Health care stocks have been coming to life, and some traders may see an opportunity in drugmaker Amgen.
The first pattern on today’s chart is the basing pattern between $320 and $330. It also occurred along the 200-day simple moving average (SMA), which could be consistent with a longer-term uptrend.
Second, prices spent more than two months below the 50-day SMA but are now back above it. Is intermediate-term momentum improving?
Third, the 8-day exponential moving average (EMA) is above the 21-day EMA and MACD is rising. Those signals may reflect short-term bullishness.
Fourth, the April 9 close of $355.60 acted as a ceiling for more than two months, but last week AMGN closed above it.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. eBay Pulls Back Following Surge eBay rallied to new record highs in April and May. Now some traders may see an opportunity as the e-commerce stock pulls back.
The first pattern on today’s chart is the 2025 high of $101.15. EBAY passed through that resistance and has stayed above it, which may be consistent with the initial stages of a breakout.
Second is the May 6 low of $104.60. Prices have remained above that level, including a bounce this week. Is new support in place above old peaks?
Third, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That alignment, with faster SMAs above slower ones, could suggest that a longer-term uptrend has begun.
Finally, the news flow has grown interesting. Earnings and revenue beat estimates on April 29. GameStop made an unsolicited takeover offer on May 4 (which was rejected). Consumer trends have also shown signs of improvement, highlighted by today’s upward revision in consumer sentiment.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Airbnb’s Silent Breakout Airbnb has gone nowhere for years, but now it could be breaking out.
The first pattern on today’s chart is the long-term peak around $144 from June 2025. The short-term rental stock pulled back after challenging that resistance in April and May. It returned to the zone yesterday, establishing a new 52-week high in the process.
Second, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That alignment, with faster SMAs above slower SMAs, may suggest a longer-term uptrend is taking shape.
Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD is also rising. Those signals could reflect short-term bullishness.
Finally, airline and hotel companies have recently climbed to new highs. With fuel prices falling, is sentiment shifting in favor of travel stocks?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. U.S. Bancorp Could Be Accelerating U.S. Bancorp has traded in a tight range this year, and now it may be accelerating.
The first pattern on today’s chart is the series of higher lows since late March. Those may suggest that buyers are active.
Second, the troughs occurred above the rising 200-day simple moving average (SMA). The 50- and 100-day SMAs are also arranged in a potentially bullish sequence, with faster SMAs above slower ones. Those signals may reflect a positive longer-term trend.
Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD is also rising. Are the lender's short-term trends positive as well?
Next, you have a trio of price levels. USB just closed above April’s peak of $58.05 (the lower of the three). Traders may next eye the 52-week high of $61.19 from February and the all-time high of $63.57.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Eli Lilly Pulls Back from New High Eli Lilly climbed to a new high two weeks ago, and now it’s pulled back.
The first pattern on today’s chart is the price range on either side of $1,100. The drugmaker peaked in that area in late 2025 and early 2026. LLY climbed above it last week and could now be stabilizing at the same zone. Could old resistance become new support?
Second, Monday saw a lower high and higher low compared with Thursday. Such an inside day may suggest the short-term pullback is ending.
Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. That could reflect short-term bullishness.
Fourth, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in November and has remained there since. That may reflect long-term bullishness.
Finally, Wilder’s Relative Strength Index (RSI) has dipped from an overbought condition but is staying above 50.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more here about TradingView’s Broker of the Year!
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
