Could Alphabet Start Moving Again? Alphabet has drifted for months, but some traders may think it’s ready to start moving again.
The first pattern on today’s chart is the long pullback since mid-May, which has seen the Internet giant bounce twice at its rising 200-day simple moving average (SMA). That may confirm a longer-term uptrend is in place.
Second, GOOGL is pushing above its 50-day SMA. That could suggest the intermediate-term trend is getting bullish again.
Third, MACD is rising and the 8-day exponential moving average (EMA) crossed above the 21-day EMA. That may indicate its short-term trend is also turning positive.
Next, Bollinger Band Width has narrowed as prices converge. Could that narrowing price action give way to expansion?
Finally, GOOGL is an active underlier in the options market. (Its average daily volume of 367,500 contracts ranks 11th 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. Oracle May Have Bottomed Oracle has struggled for the last year, but there could be signs of the software company bottoming.
The first pattern on today’s chart is the August 6 low near $139. ORCL bounced at that level in mid-August, early September and again this week. Is support confirmed?
Second, the level could represent a higher low compared with July’s trough. Combined with the earlier low in February, some traders may see a long and rounded basing pattern. (See the yellow arrows.)
Third, stochastics are trying to turn up from an oversold condition.
Next, prices bounced at the 50-day simple moving average and are now back above the 21-day exponential moving average.
Finally, ORCL is an active underlier in the options market. (Its average daily volume of 296,200 contracts ranks 12th 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. Bristol Myers Pulls Back Bristol-Myers Squibb recently climbed to a three-year high, and now it’s pulled back.
The first pattern on today’s chart is the rally in July and August. The drugmaker is trying to stabilize at a 50 percent retracement of that move, which could suggest it’s trending higher.
Second, BMY made a low of $63 last month. The current consolidation is occurring slightly above that level. That could represent a higher low.
Third, prices are holding the rising 50-day simple moving average (SMA).
Fourth, stochastics are turning up from an oversold condition.
Next, the 50-day SMA crossed above the 100-day SMA in early August. Both are above the 200-day SMA. Such a configuration, with faster SMAs above the slower ones, may suggest a longer-term uptrend is taking shape.
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. Diamondback Energy Has Been Coiling Diamondback Energy has consolidated as crude oil rallies, and some traders may see potential for a breakout.
The first pattern on today’s chart is the July 2024 high of $214.50. FANG broke the old peak last month before pulling back. Is another push coming?
Second, the oil-and-gas driller made higher lows above its rising 50-day simple moving average after testing the old resistance. That could reflect bullish intermediate-term price action.
Third, Bollinger Bandwidth has narrowed as the stock forms the tighter range. That volatility squeeze may create potential for prices to expand.
Finally, the 8-day exponential moving average (EMA) has mostly stayed above the 21-day EMA since early July. That could be consistent with growing bullishness in the short term.
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. Stocks Limp into the Fed The S&P 500 has been trying to hold its June high, and some traders may think it will break support.
The first pattern on today’s chart is the price zone between 7,563 and 7,618. It matches the trading range on June 1, an outside reversal day at record highs. The index stayed under that area in June and July, followed by a breakout in August.
SPX bounced near the zone in August and earlier this month. However, there was little follow-through and prices have returned to the range. Is support finally breaking?
Second, the current price action is happening at the 50-day simple moving average. That could reflect a weakening intermediate-term trend.
Third, the 8-day exponential moving average (EMA) is below the 21-day EMA. MACD is also falling. Those signals are potentially consistent with short-term bearishness.
Finally, 7,273 was the high on May 5 before a bullish gap. SPX bounced near that level in June and again in late July. That could make traders expect probing toward the same area, especially with energy prices and yields rising.
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. Tesla May Face Resistance Tesla bounced in August, but some traders may think the EV giant faces resistance.
The first pattern on today’s chart is the weekly low of $368.60 on June 26. TSLA held that level before its July 22 earnings report, but fell through it after the numbers hit. The stock has returned to stall at the same price zone, which could mean that old support is becoming new resistance.
Second, the 50-day simple moving average (SMA) is below the 200-day SMA. That may suggest a longer-term downtrend has begun.
Third, the falling 50-day SMA may be consistent with intermediate-term weakness.
Fourth, stochastics are dipping from an overbought condition.
Next, traders may eye the price zone between TSLA’s 52-week low of $297.38 and its 2025 low of $214.25 for potential probing.
Finally, TSLA is a highly active underlier in the options market. (Its average daily volume of 2.7 million contracts ranks second in the S&P 500 behind Nvidia, 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. Boeing May Face Breakdown Risk Boeing has limped for months, and some traders may see risk of a breakdown.
The first pattern on today’s chart is the series of lower highs since January. This contrasts with breakouts in both the S&P 500 and the broader industrial sector, potentially reflecting a lack of relative strength.
Second, the 50-day simple moving average (SMA) recently had a “death cross” below the 200-day SMA.
Third, the 8-day exponential moving average (EMA) is under the 21-day EMA. MACD is also falling. Those signals may be consistent with short-term bearishness.
Next, the aerospace company bounced around $205 in July. It’s been trying to hold in the same area in recent weeks. Traders could monitor that line for evidence of a breakdown.
Finally, they might eye November’s 52-week low of $176.77 as a potential level to test.
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. Ares Could Have Space to the Downside Ares Management bounced in July and August, but some traders may see downside risk.
The first pattern on today’s chart is the August 7 weekly close of $136.85. That level provided support for more than a month, but yesterday the private-credit company closed below it.
Second, the falling 200-day simple moving average could reflect a bearish longer-term trend.
Third, ARES ended January at $149.67 before dropping below that level. Its peaks in mid-August were in the same zone. Has resistance been confirmed at the old monthly close?
Finally, the 8-day exponential moving average (EMA) just crossed under the 21-day EMA. MACD is also falling. Those signals may be consistent with a bearish short-term trend.
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. Treasury Yields May Have More Upside Treasury yields are the new big catalyst for traders. Today’s idea studies the key 10-year rate using long-term monthly candles.
First consider the surge from 2021 to September 2023 as the coronavirus pandemic ended. It followed a multi-decade downtrend that started in 1987. That could mean a long-term reversal took place.
Second, TNX made a low of 3.79 in December 2023. A lower low of 3.60 occurred in September 2024, followed by a higher low of 3.96 in February 2026. That rounded basing pattern, immediately after the big surge, may be viewed as consolidation with potential for upside continuation.
Third, TNX has broken a falling trendline along the highs of 2023 and 2025.
Finally, this decade’s peak occurred at 5 percent. Above that, we found a series of levels between 5.24 and 5.53. All of them match the highs of the post-2000 era and the administration of President George W. Bush.
Given recent gains in oil prices and inflation risk, traders may eye those longer-term levels from the first decade of this century as logical stopping points.
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.
AT&T May Have Peaked AT&T rallied sharply in July and August, but some traders may think the telecom giant has peaked.
The first pattern on today’s chart is the April 17 weekly close of $26.51. It marked the top of a range in the spring and prices stalled in the same area last week.
Second, the 50-day simple moving average (SMA) had a “death cross” under the 200-day SMA in May. The 100-day SMA fell under the 200-day SMA in July. The resulting configuration, with faster SMAs under slower ones, may be consistent with a long-term downtrend.
Next, stochastics are dropping from an overbought condition.
Finally, MACD has turned negative.
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. PayPal: What Goes Up, Must Come Down? PayPal leaped on takeover hopes two months ago, but it may have reversed.
The first pattern on today’s chart is the bullish gap on July 15 after Reuters and CNBC reported a potential purchase. It was followed by a drop on August 28 after Bloomberg reported that the attempted deal was abandoned.
Second, the 100-day simple moving average (SMA) has remained below the 200-day SMA. That may indicate PYPL’s longer-term trend is bearish. It could also suggest the recent surge was a countertrend move.
Third, the payments stock peaked under $57 last Thursday. That level is near the July 28 low and a 50 percent retracement of its August 28 drop. Both points may confirm resistance is in place.
Next, the 8-day exponential moving average (EMA) crossed below the 21-day EMA. MACD is also falling. Those signals may reflect a bearish short-term trend.
Finally, PYPL has turned negative again on a year-to-date basis. Could that weigh on sentiment as the final months of 2026 come into view?
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. Micron Has Been Squeezing Micron Technology has consolidated for two months, and some traders may see potential for the longer-term uptrend to continue.
The first pattern on today’s chart is the narrowing range that began in late July. Bollinger Bandwidth has shrunk to the tightest level since late March. That compression may create potential for movement to resume.
Second, the memory-chip giant ended last week at its highest weekly close since late June. Prices also pushed above the 50-day simple moving average. Both signals may reflect intermediate-term bullishness.
Next, the 8-day exponential moving average (EMA) crossed above the 21-day EMA. MACD is also rising. Those signals may reflect short-term bullishness.
Finally, MU is a highly active underlier in the options market. (Its average daily volume of 921,000 contracts ranks fourth 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. Freeport Pulls Back Freeport-McMoRan broke out two weeks ago, and now it’s pulled back.
The first pattern on today’s chart is the August 21 surge after intervention by the U.S. Treasury helped soften the U.S. dollar. That may suggest the presence of new buyers.
Second, the copper miner’s previous closing high of $71.72 occurred in early June. It’s now trying to hold that level. Is old resistance becoming new support?
Third, Wilder’s Relative Strength Index (RSI) has remained above 50 since the beginning of last month. That could be consistent with improving momentum.
Next, the 8-day exponential moving average (EMA) has stayed above the 21-day EMA. Prices are also holding the 21-day EMA. Those signals may reflect a bullish short-term trend.
Finally, FCX is an active underlier in the options market. (Its average daily volume of 57,000 contracts ranks first among materials stocks 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. SoFi Might Be Slipping SoFi Technologies has limped most of the year despite the broader S&P 500 hitting new highs. Does that lack of relative strength reveal underlying weakness?
The first pattern on today’s chart is the drop in the first quarter. Prices made some feeble attempts at recovery, but each time made lower highs. That could reflect a lack of buying interest.
Second, the 50-day simple moving average (SMA) had a “death cross” under the 200-day SMA in March. That could also suggest that a longer-term downtrend has begun.
Third, prices returned under the 50-day SMA this week. That may signal intermediate-term weakness.
Fourth, the 8-day exponential moving average (EMA) crossed under the 21-day EMA. MACD is also falling. Those signals may be consistent with short-term bearishness.
Next, the financial stock’s recent period of sideways movement has caused Bollinger Bandwidth to narrow. Such price compression could lay the groundwork for expansion.
Finally, SOFI is an active underlier in the options market. (If it were a member of the S&P 500, its average daily volume of 340,000 contracts would rank 12th, 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. Caterpillar Could Be Crumbling Caterpillar more than tripled from its 2025 low, but now it could be crumbling.
The first pattern on today’s chart is the trio of flat-line levels at the high of May 7, the low of July 17 and the close of July 31. CAT tried to hold each before breaking lower. That kind of stair-stepping downward may be consistent with an emerging downtrend.
A declining 50-day simple moving average could paint a similar picture.
Second, this month’s series of lower highs may be viewed as a bearish descending triangle.
Third, the highs of early May, late June and early August could be interpreted as a head-and-shoulders reversal pattern.
Next, the 8-day exponential moving average (EMA) has remained under the 21-day EMA since mid-July. That may reflect short-term bearishness.
Finally, Wilder’s Relative Strength Index (RSI) has made lower highs since May and failed to get above 50 in August. That could also be consistent with a weakening trend.
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. Will Chevron Break Out? Chevron is near record highs, and some traders may see potential for a breakout.
The first pattern on today’s chart is the price zone between $199.24 and $196.67 -- the low of April 7 and the high of April 9. It roughly matches the bearish gap after the initial ceasefire between Washington and Tehran. The oil-and-gas giant remained trapped under that range in mid-May and late July, but rallied above it in late August.
CVX tested and held the same price area last week, which could suggest that old resistance has become new support.
Second, last week’s bounce occurred at a 50 percent retracement of its August 7-20 advance. That may confirm its direction is pointing higher.
Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect a bullish short-term trend.
Finally, the early July low occurred near the rising 200-day simple moving average (SMA). The 50-day SMA has also stayed above the 200-day SMA. Those patterns may be consistent with a bullish long-term trend.
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. Small Caps Could Be Sputtering The Russell 2000 has outperformed most of this year, but some traders may see downside risk.
The first pattern on today’s chart is the mid-August high of 3070. It was less than 2 percent above the previous high on July 1. The small-cap index failed to hold that level and ended last week under 3,000. Are we looking at a false breakout?
Second, MACD has made steadily lower highs for months. That could be viewed as bearish divergence.
Third, RUT advanced between July 31 and August 14. It tried to hold a 50 percent retracement of the move but violated that threshold on Friday. Prices also crossed below the 50-day simple moving average. Those signals may reflect intermediate-term weakness.
Next, the 8-day exponential moving average (EMA) crossed below the 21-day EMA. MACD is also falling. Those signals may suggest the short-term trend is weakening as well.
Finally, Federal Reserve Chairman Kevin Warsh leaned hawkish in his Jackson Hole speech on Friday. Tighter monetary conditions could present a headwind for small caps.
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 Could Be Breaking Out Goldman Sachs has pulled back after hitting record highs, and some traders may think it’s breaking out.
The first pattern on today’s chart is the rally on July 14 after earnings beat estimates. That may reflect bullish fundamentals.
Second, the Wall Street bank made a series of lower highs from late July through last week. It closed above that falling trendline yesterday -- plus its 50-day simple moving average. That might be viewed as a breakout.
Third, GS bottomed around $1,000 in early July and $980 in late July. It bounced slightly above $1,000 again last week. The rounded basing pattern could suggest it’s built support around the four-digit mark.
Fourth, tightening Bollinger Bandwidth highlights the stock’s narrow range of motion. That volatility squeeze might create space for prices to expand.
Finally, the 8-day exponential moving average (EMA) is nearing a potential cross above the 21-day EMA. That could reflect an improving short-term trend.
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 Might Be Sputtering After Big Run Intel has enjoyed a big surge in the last year, but now some traders may think it’s sputtering.
The first pattern on today’s chart is the July 22 high of $106.85. The chipmaker stalled at that level on August 13, which may suggest resistance has formed below its recent peak.
Second, the weakness occurs as the 50-day simple moving average turns lower. That may indicate that the intermediate-term trend has turned bearish.
Third, the 8-day exponential moving average (EMA) is under the 21-day EMA. MACD is also falling. That may reflect short-term bearishness.
Next, the stock gapped higher on April 24. Could traders look for a test of that price zone?
Finally, INTC is an active underlier in the options market. (Its average daily volume of 844,000 contracts ranks sixth in the S&P 500.) 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. Nasdaq: Lower Low and Lower Highs The Nasdaq-100 has limped for months, and some traders may see more difficulties ahead.
The first pattern on today’s chart is the series of lower highs since early June. Combined with July’s lower low, those might reflect weakening in the intermediate term.
Second, NDX probed slightly above its previous week’s high last Monday, August 17. However, it was quickly rejected and fell under the week’s low. The resulting bearish outside candle is a potential reversal pattern.
Third, MACD has turned negative.
This tepid price action comes at a time of historic earnings growth. Does that reflect doubts that conditions will remain as strong in coming months?
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. BlackRock May Have Hit Resistance BlackRock rallied hard in July and early August, but some traders may think it’s hit a glass ceiling.
The first item on today’s chart is the January high of $1,181.36. The asset manager tried to get above that level on August 13 but couldn’t hold. Confirming that resistance might have established a double-top reversal pattern.
Second, the price action occurred below the previous all-time high in October 2025. Could that increase the odds of a rangebound period?
Third, Wilder’s Relative Strength Index (RSI) is dropping from an overbought condition.
Finally, BLK jumped after its last three earnings reports (marked with yellow). However, the stock remained below previous highs. That lack of breakout may reflect a lack of enthusiasm in the name.
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. Bloom Energy May Be Breaking Down Bloom Energy has benefited from the growth in AI data centers, but now it could be breaking down.
The first pattern on today’s chart is the April 24 high of $242.20. Strong earnings drove BE through that level the following week. Prices remained above it through early July, when they slid below. They rebounded and stalled at the same zone. Has old support become new resistance?
Second, the recent bounce and this week’s drop may be viewed as a confirmed bear flag breakdown.
Third, the fuel-cell company was rejected at the falling 50-day simple moving average.
Fourth, stochastics have turned down from an overbought condition.
Finally, the 8-day exponential moving average (EMA) slipped back below the 21-day EMA. That may reflect short-term bearishness.
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. Breakdown in the Greenback? The U.S. Dollar Index was limping before the Treasury’s surprise bond-market intervention on Wednesday, and now it could be breaking lower.
The first pattern on today’s chart is the failed breakout between late June and late July. Notice how DXY jumped above its spring high around 100.50, bounced at that level in mid-July -- but failed to hold it two weeks later. (A weak GDP report triggered that drop.)
The greenback tried to rebound the next session but was swiftly rejected.
It next got stuck below 100 as resistance moved lower.
Third, the 8-day exponential moving average (EMA) crossed below the 21-day EMA. MACD has also been sliding. Those signals may reflect short-term bearishness.
Next, yesterday’s break under the 200-day simple moving average could suggest that a longer-term downtrend is resuming.
Finally, traders may see space down to the next support at the lows of April and May.
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. Ford Might Be Stalling Ford Motor has stalled after racing higher in the spring, and now some traders may see downside risk.
The first pattern on today’s chart is the surge in late May, followed by a lower high in July. Those rallies, without follow-through, may reflect a lack of confidence in the upside.
Second, the automaker had a weekly low of $14.41 on July 31. It broke below that level the following week, and last week it bounced to stall near the same price. Has old support become new resistance?
Third, the 50-day simple moving average (SMA) has turned negative in August. F is also sitting near its 200-day SMA without much of a rally. That may reveal weakness in the intermediate and long terms.
Fourth, MACD is falling and the 8-day exponential moving average (EMA) is below the 21-day EMA. Those signals could reflect weakness in the short term.
Finally, F has made a slightly higher low this month versus July. If that support breaks, could traders eye support at the 52-week low near $11?
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.
