Here's Micron's Chart as the Firm Prepares to Release EarningsMicron NASDAQ:MU soared nearly 900% over 12 months to a $1,255 all-time high in June, then pulled back more than 25% to $924.03 at Monday's close. Let's see what its chart and fundamentals can tell us as the memory-chip designer prepares to release earnings at month's end.
Micron's Fundamental Analysis
MU plans to unveil fiscal Q4 results after the bell on Sept. 30, with the Street looking for $31.28 in adjusted earnings per share on $50.78 billion of revenue.
Results like that would represent a 932.3% gain from the $3.03 in adjusted EPS that Micron reported in the same period last year while reflecting 349% in annual sales growth. Those are not misprints.
Readers might also recall that in late June, Micron posted $25.11 in fiscal Q3 adjusted EPS on $41.46 billion of revenue. That easily beat Wall Street's expectations, while representing 1,214.7% in y/y adjusted EPS gains and 345.8% in year-over-year sales growth.
This time around, 27 of the 32 sell-side analysts that I know of who cover MU have revised their earnings estimates higher since the quarter started, while five have left their numbers unchanged. There have been exactly zero downward revisions.
What does MU's chart say? Let's take a look.
Micron's Technical Analysis
Here is MU's three-month chart as of Monday morning (Sept. 14):
Readers will first note that Micron first developed a falling-wedge pattern of bullish reversal from June into early August, shaded in tan at the chart's left.
In attempting to break out of that pattern (and failing a few times), the stock then created what looks like a sloppy inverse-head-and-shoulders pattern of bullish reversal.
Shaded in green at the chart's center and right, this pattern has an upside pivot of around $1,035 vs. the $924.03 that MU closed at on Monday.
Readers will also see that Micron retook its 21-day Exponential Moving Average (or "EMA," marked with a squiggly green line) in late August.
This 21-day line then acted as support for almost two weeks, which likely added some swing-trader activity to the bid side.
The stock then took back its 50-day Simple Moving Average (or "SMA," marked with a blue line). That probably got a few of professional money managers to increase exposure.
That said, Micron pulled back as much as 7.5% intraday Monday, falling below both its 21-day and 50-day lines as tech stocks sank as artificial-intelligence leaders called for slowing down the technology's development.
That's not a very positive development, but some buyers showed up during the sell-off and MU trimmed the worst of its losses.
What now? Well, the bulls need Micron to go after that $1,035 pivot. Conversely, the bears will want to see MU stage a definitive failure to hold those moving averages. (Micron popped back above its 50-day line at last check Tuesday morning.)
Turning to the other technical indicators above, Micron's Relative Strength Index (the gray line marked "RSI" at the chart's top) has remained in its range's upper half, but isn't sending out bullish signals.
Meanwhile, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) is no longer so bullish.
For instance, the 9-day EMA's histogram went positive on Aug. 6, but gave that move back amid Monday's sell-off. The histogram now teeters indecisively.
Separately, the stock's 12-day EMA (the black line) has suddenly slid below its 26-day EMA (the gold line). That's bearish, but Micron doesn't seem to be accepting that move, either.
It's almost as if traders are waiting for something ... and that something might be Micron's upcoming earnings.
In the meantime, we'll have to wait to see if MU can definitively take back that 50-day line or not. Almost nothing at the moment could be more important technically.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" was long MU at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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SpaceX's Fundamental Analysis
SPCX is set to report the firm's fiscal Q3 results in early November, with the Street currently looking for $0.12 in adjusted earnings per share on $12.84 billion of revenue.
Of the 11 sell-side analysts that I know of who cover the stock, none have revised their estimates for the period since first publishing them.
So, there's not much to say about SpaceX's fundamentals. Let's check out the stock's technicals instead.
SpaceX's Technical Analysis
SPCX hasn't been public long enough for its chart to show us intermediate-term items such as 200-day Simple Moving Averages, but can it tell us anything?
Take a look at SpaceX's chart running from its June IPO through late Tuesday morning (Sept. 8):
This looks like a rising-wedge pattern that appears to be closing rather quickly, as denoted by the two black diagonal lines at the chart's right.
Also note the crossover of SpaceX's 50-day Simple Moving Average (the blue line) by the stock's 21-day Exponential Moving Average (the green line).
That's considered a bullish signal, but is less reliable when the blue line is falling (as is the case here).
The wedge's bearish characteristics also likely outweigh the potential for a bullish crossover. Either way, the falling wedge's lower trendline would be the downside pivot in this pattern.
Now, check out the same chart marked with a different technical set-up:
Here, readers will see a potential double-top pattern of bearish reversal developing, with a $130 downside pivot.
Lastly, let's look at SpaceX's other technical indicators in the chart above.
First, there's the stock's Relative Strength Index (the gray line marked "RSI" at the chart's top). Then there's the daily Moving Average Convergence Divergence indicator (the blue bars, black line and gold line marked "MACD" at the chart's bottom).
Both are set up rather bullishly here. That said, we probably can't ignore the rising-wedge and double-top patterns above. Those are two potential signs of bearish reversal ... even if they're still under development.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in SPCX at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Gold's Fundamental Analysis
Like Bitcoin BITSTAMP:BTCUSD and some other alternative assets, gold had a terrific June into August.
The metal rose some 20% from its $3,963-an-ounce near-term low on June 30 to a $4,755.00 recent high on Aug. 25.
That said, Federal Reserve Chair Kevin Warsh's rather hawkish address from Jackson Hole on Aug. 28 sent gold lower. The metal has fallen some 5% from its Aug. 25 peak to trade at $4,524.40 an ounce as of Thursday morning.
Bond yields had already been rising due to global inflationary pressure. Throw in rekindled U.S.-Iran hostilities and fiat-currency valuations are shifting. As fiat valuations adjust, so will values for precious metals and other commodities.
Safe haven? What's that?
Gold's Technical Analysis
Next, let's go to gold futures' year-to-date chart running through Tuesday afternoon (Sept. 1). For the purpose of charting gold as a commodity, I used prices for front-month futures trading at the New York Comex:
Readers will see that much as I noted with Bitcoin , two concurrent technical patterns developed recently for gold that both appear to be bullish.
Gold first saw a long falling-wedge pattern of bullish reversal, shaded in tan in the chart above. This led to the metal's early August breakout.
Readers will also notice a shorter double-bottom pattern for gold, shaded in green at the chart's right. This is also a pattern of bullish reversal.
Gold appears to have apexed in late August and has since lost both its 200-day Simple Moving Average (or "SMA," marked with a red line) and 21-day Exponential Moving Average (or "EMA," denoted by a green line).
Should the metal continue to drop as interest rates rise, potential support at the 50-day SMA (the blue line above) will become crucial. That's $4,248.60 in the chart above vs. gold futures' $4,524.40 Thursday morning price.
Moving on to the other technical indicators above, gold futures' Relative Strength Index (the gray line at the chart's top) appears to have recently peaked in technically overbought territory, then cooled significantly.
Similarly, gold futures' daily Moving Average Convergence Divergence indicator (the blue bars, black line and gold line at the chart's bottom) no longer looks very bullish, either.
For openers, the histogram of the 9-day EMA (the blue bars) has crossed into negative territory. That's bearish.
In addition, the 12-day EMA (the black line) has crossed below the 26-day EMA (the gold line). That's a bearish signal as well.
Should you sell gold here? This is really a U.S. dollar story as much as anything else. Personally, I'll be watching that thin blue line. That will tell me what I need to know.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in gold at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Both Bitcoin and front-month gold futures COMEX:GC1! have been hot in recent weeks. (Gold futures gained 17.9% between their June 30 low and Aug. 25 high.)
However, both have moved sideways or lower in recent days.
Bitcoin's Technical Analysis
Now let's check out Bitcoin's trading level against the U.S. dollar using pricing data from Coinbase NASDAQ:COIN . Here's Bitcoin's chart going back some 10 months and running through Tuesday morning (Sept. 1):
Readers will see two concurrent technical patterns for Bitcoin that appear on the surface to both be bullish.
First, there's a falling-wedge pattern of bullish reversal, marked in tan at the chart's left and center. This created Bitcoin's August breakout, which validated the pattern.
Second, Bitcoin's chart is now showing a giant double-bottom pattern, marked with green shading at the chart's center and right. Like the falling wedge, this is also a pattern of bullish reversal.
The problem here is that the double-bottom pattern's pivot (central apex) is at just about $81,700 -- close to where BTC appears to have hit resistance in late August. (Bitcoin peaked at $81,442.02 last Thursday on Coinbase and was trading at $78,977.78 Tuesday morning.)
Should Bitcoin fail to take and hold that $81,700 pivot, the above pattern will fail technically and the crypto's breakout could end.
Looking at the other technical indicators in the above chart, Bitcoin's Relative Strength Index (the gray line marked "RSI" at the chart's top) appears to have peaked and has now entered a technically overbought state.
Time for caution? Maybe.
That said, Bitcoin's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) looks really bullish.
This is a momentum indicator, and the histogram of the 9-day EMA Exponential Moving Average (or "EMA," marked with blue bars) has been in positive territory since mid-August. That's a short-term bullish signal.
On top of that, Bitcoin's 12-day EMA (the black) is running well above the 26-day EMA (the gold line). That, too, is bullish looking -- and the signal gets amplified by the fact that both lines are above the zero-bound.
All in, I see this chart as somewhat bullish -- but everything really depends upon what happens at that $81,700 pivot point.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in Bitcoin at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Dell Technologies' Fundamental Analysis
Dell has given back some 9% after hitting a $514 record intraday high on Aug. 13, but the stock is still up about 270% year to date.
The firm is now preparing to release fiscal Q2 financial results next Tuesday after the closing bell, with the Street looking for $4.91 in adjusted earnings per share on roughly $44.5 billion of revenue.
Such numbers would represent an 111.6% gain from the $2.32 in adjusted EPS that Dell earned in the same quarter last year. They would also reflect 49.3% y/y growth from the $29.8 billion in revenues that Dell recorded a year earlier.
Additionally, 21 of the 23 sell-side analysts that I know of who cover this name have revised their earnings estimates higher since period's start, while zero have adjusted their estimates lower. (Two analysts have left their numbers unchanged.)
Thirteen of the 19 analysts that TipRanks tracks who follow Dell currently give the stock a "Buy" rating, while six rate it as a "Hold" and none give it a "Sell."
The analysts give the stock 12-month price targets ranging from a $700 high to a $360 low, with an average forecast of $504.75. (Dell was trading at $465.77 as of Thursday morning.)
While a majority of analysts like the stock, some sound a note of caution.
For instance, Erik Woodring of Morgan Stanley (who TipRanks rates at five stars out of a possible five) recently wrote in a research note "that the setup for enterprise hardware OEMs has gotten more challenging, with Dell, NetApp and HP facing the toughest near-term setups given high expectations and rich valuations heading into the print." Woodring rates Dell as a "Hold."
So does Brandon Nispel of KeyBanc Securities. He wrote recently that "we see the mix shift to traditional server/storage as beneficial to Dell's profitability, which should allow the business to absorb higher, lower-margin AI server growth. we are less optimistic on the PC cycle, as unit declines are evident, there is more competition in the low end with MacBook Neo and Dell market share was flat y/y."
Dell Technologies' Technical Analysis
Now let's check out Dell's chart going back some nine months and running through Wednesday afternoon (Aug. 25):
Take a look at that run from January into late spring.
Dell has been a real beneficiary of the AI trade, and readers will see a big gap higher this past May in response to Q1 earnings. This constitutes a sizable portion of a parabolic spike for the stock that looks like a flagpole.
Dell has for the most part held onto those gains. While it's recently traded sideways to slightly lower, the stock has nonetheless developed a bull-flag pattern.
Shaded in green at the chart's right, this pattern signals trend continuance and gives Dell an upside pivot of the flagpole's top ($469 vs. the stock's $465.77 trading level on Thursday morning).
Dell's 50-day Simple Moving Average (or "SMA," marked with blue line at $429.90) has also held as a support level so far. This likely means that some professional managers are buying shares at that level.
Looking at the other technical indicators listed above, Dell's Relative Strength Index (the gray line marked "RSI" at the chart's top) is barely neutral and really not telling us much of anything directional.
However, the daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) is sort of sending us warning signs.
For example, the histogram of the 9-day Exponential Moving Average (or "EMA," marked with blue bars) has been in negative territory since mid-August. That's a short-term bearish signal.
On top of that, Dell's 12-day EMA (the black line) is running below its 26-day EMA (the gold line). That's bearish-looking, too.
That said, that latter signal is less profoundly bearish given that both of those lines are still standing above the zero-bound.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in DELL at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Rocket Lab's Fundamental Analysis
RKLB released Q2 results earlier this month, posting a $0.02 adjusted loss per share on $234.1 million of revenue -- easily beating the Street's expectations.
Perhaps most notably, the firm's order backlog reached $2.4 billion during the quarter, representing 137% in year-over-year growth.
Management also guided Q3 total revenues to $250 million to $265 million. Even that range's low end came in well above the $236 million that Wall Street had been modeling.
Moving on to the balance sheet, Rocket Lab ended the quarter with $2.3 billion in cash and $266.9 million in inventories. That left the firm with about $2.9 billion in current assets, while current liabilities added up to $528.2 million.
That gave Rocket Lab current and quick ratios of 5.49 and 2.63, respectively -- numbers that many fundamental analysts would see as excellent.
Oh, and the amount of long-term debt on the books comes to $14.8 million, which RKLB could easily cover with its cash on hand. All in, most analysts would view the company's balance sheet as quite robust.
Rocket Lab's Technical Analysis
Next, let's check out RKBL's chart going back some four months and running through Monday morning (Aug. 24):
Readers will see that RKLB recently broke out of a falling-wedge pattern of bullish reversal in early August. Shaded in tan above, this pattern had been under development since late May.
Since breaking out, Rocket Lab briefly retook its 21-day Exponential Moving Average (or "EMA," marked with a green line) and 200-day Simple Moving Average (or "SMA," denoted by a red line).
Although the stock has since pulled back, retaking those lines likely juiced up enthusiasm across both the swing crowd and professional money managers.
Rocket Lab's next hurdle (or pivot) would be the stock's 50-day SMA, marked with a blue line above at $84.80 vs. the $72.57 that RKLB closed at on Friday. Taking this line could be key to the bulls, as doing so might force a number of money managers who aren't yet back to full long-side exposure to throw in the towel and do so.
Moving on to the other technical indicators above, Rocket Lab's Relative Strength Index (the gray line marked "RSI" at the chart's top) has regained the neutral line and appears to be holding onto that move. That's a bullish signal.
Meanwhile, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," marked with blue bars, a black line and a gold line at the chart's bottom) is looking much better.
For instance, the histogram of the 9-day EMA (the blue bars) took back the zero-bound in late July. That's bullish.
In addition, the 12-day EMA (the black line) has overtaken the 26-day EMA (the gold line) -- another bullish sign.
Lastly, that 12-day line looks like it might be about to go positive. Should both the 12- and 26-day lines move into positive territory with the black line remaining above the gold one, that would amplify all of these bullish signals.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long RKLB at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. NBIS Rose 300%+, Then Fell, Then Rebounded. What Its Chart SaysNebius NASDAQ:NBIS has had a volatile 2026, rising 300%+ from its Feb. 5 low to its June 22 all-time high, then falling some 50% by July 29 before finally rebounding about 85% in the roughly three weeks since then. Let's see what the artificial-intelligence-infrastructure firm's technicals and fundamentals can tell us about what might happen next.
Nebius' Fundamental Analysis
NBIS rose 34.1% last Wednesday alone after reporting a $0.68 GAAP loss per share on $582.3 million of revenue -- top- and bottom-line results that both beat Wall Street's expectations. That sales print was also good enough for 454% in year-over-year growth.
Making matters more interesting, CoreWeave NASDAQ:CRWV reported well-received quarterly results the night prior. Voila -- the AI trade was back on.
What Nebius Does (and a Little History)
For those unfamiliar with Nebius, it's a Netherlands-based company carved out of Russian tech firm Yandex after that entity faced global sanctions tied to the Ukraine war.
The firm changed its name from Yandex to Nebius in 2024, divested its Russian business and listed in the United States on the Nasdaq with ordinary shares rather than American Depositary Receipts. (Yandex had traded on the Nasdaq via as ADRs.)
Nebius' core business runs on an "AI factory" model. While traditional cloud providers offer broad general-purpose services, Nebius focuses on AI developers' specific needs of developers.
The firm offers GPU clusters, AI infrastructure-as-a-service and managed inference. This targets hyperscalers, frontier AI labs and enterprise developers.
You've probably heard of Nebius referred to as a "neocloud" and wondered what the heck a neocloud is. Well, neoclouds rival companies like CoreWeave and rent out AI-compute capacity for specialized use vs. selling general cloud services.
Nebius' Technical Analysis
Now let's look at NBIS's chart going back some four months and running through Wednesday afternoon (Aug. 12):
Readers will see that Nebius has largely colored within the lines since this past spring, behaving very predictably from a technical perspective.
The stock first built a rising-wedge pattern of bearish reversal from April into late June, marked with orange shading at the chart's left.
A sell-off dutifully ensued from late June into early August, with NBIS developing a falling-wedge pattern of bullish reversal during that time.
Nebius has now broken out of that set-up and retaken its 50-day Simple Moving Average (or "SMA," marked with a blue line above at $221.60 vs. NBIS's $273.20 Monday morning level).
This has likely forced increased long-side exposure across professional management, and the 50-day line has become the stock's upside pivot.
Moving on to the other technical indicators above, Nebius' Relative Strength Index (the gray line marked "RSI" at the chart's top) is looking strong for the first time in many weeks, but not yet overbought.
The daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) is looking much better as well.
The histogram of the 9-day Exponential Moving Average (or "EMA," marked with blue bars) is in positive territory and has been moving higher, which is bullish.
In addition, the 12-day EMA (the black Line) has overtaken the 26-day EMA (the gold line). This is also bullish.
Both of those lines also appear to be moving toward the zero-bound. Should they both break into positive territory with the back line still above the gold line, that would amplify the bullish signal.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in NBIS at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. ASTS Rose 400%+ in 12 Months, Then Tumbled. What Its Chart ShowsAST SpaceMobile NASDAQ:ASTS rose 400%+ over 12 months to hit a $133.86 all-time high on May 28, then fell 60.6% by July 29 before rebounding some 35% to $72 in recent trading despite missing analyst estimates for its latest quarter. Let's see what technical and fundamental analysis can show us.
AST SpaceMobile's Fundamental Analysis
For those unfamiliar with ASTS, the company is building a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones.
The firm operates a constellation of satellites known as "BlueBirds," each designed to deliver over 150 Mbps per coverage cell across more than 2,000 cells.
Each satellite acts as a relay. Your phone's signal goes up to the satellite, down to a ground gateway and into your normal carrier's network. Calls and data connect as if the signal had never left the planet.
ASTS currently works with nearly 60 mobile network operators globally, representing about 3 billion potential subscribers.
The firm released Q2 results on Monday evening, posted a $0.77 GAAP loss per share on $31.5 million of revenue -- both well short of what analysts had been expecting.
Still, that sales print reflected annual growth of 2,617%. That's not a typo.
Why is the stock trading higher so far this week in response to results that missed the Street's expectations? Three possible reasons that came up in the earnings report:
1) The firm signed partnerships with over 60 mobile network operators.
2) ASTS's order backlog increased to approximately $1.3 billion in aggregate contracted revenue, including both commercial partners and contracts awarded by the U.S. government.
3) CFO Andrew Johnson said during the company's earnings call that "we remain on track to meet our full year 2026 revenue guidance of $150 million to $200 million." That keeps the midpoint of ASTS's projected revenue range above the $169 million that Wall Street had in mind.
AST SpaceMobile's Technical Analysis
Check out ASTS's year-to-date chart running through Wednesday afternoon (Aug. 12):
Readers will see that ASTS came into the new year riding the first peak of what became a double-top pattern of bearish reversal. Shaded in pink at the chart's left, that set-up worked and the stock fell from late January to early May.
ASTS then rose to a second peak in late May before selling off in June and July as it came out of the double top and instead developed a falling-wedge pattern of bullish reversal.
Marked in tan, this falling wedge appears to also be working quite well, with ASTS breaking out of the closing wedge in late July.
The stock has since retaken its 21-day Exponential Moving Average (or "EMA," denoted by a green line). That probably gained ASTS favor with the swing crowd.
Shares traded Wednesday in between the 21-day line (i.e., a potential support level) and ASTS's 50-day Simple Moving Average (or "SMA," marked with a blue line and serving as possible resistance).
Long-term ASTS investors will want the stock to make a run at both its 50-day SMA and 200-day SMA (marked with a red line). The two lines aren't far apart, and retaking both would likely spur increased participation by professional managers.
On the other hand, traders (i.e. short-term investors) would love to see some algorithmic pinging back and forth between the 21- and 50-day lines.
Moving on to the other technical indicators above, ASTS's Relative Strength Index (the gray line marked "RSI" at the chart's top) is looking rather non-committal.
However, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," marked with blue bars, a black line and a gold line at the chart's bottom) is looking much better than it had been.
For openers, the histogram of the 9-day EMA (the blue bars) is now in positive territory -- a bullish signal.
In addition, the 12-day EMA (the black Line) has overtaken the 26-day EMA (the gold line), which is also bullish.
On top of that, both of those lines appear to be moving toward the zero-bound. Should they move into positive territory together, that would amplify the bullish signal even more.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in ASTS at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. Intel Rose 285% in H1, Then Sank 30%. What Its Chart Says NowIntel NASDAQ:INTC has had quite a year so far, rising more than 285% in 2026's first half to hit a $142.35 all-time intraday high on June 30, then falling back some 30% since then to close Monday at $97.52. Let's see what the chip giant's technical and fundamental analysis say might happen next.
Intel's Fundamental Analysis
INTC shed 4.1% Monday after announcing plans to sell $15 billion of new common stock, which will presumably dilute existing shareholders. (The firm then upsized the offering on Tuesday to $20 billion.)
Intel said in a statement that it plans to use proceeds for general corporate purposes that could include capital expenditures and working capital "to pursue the growth opportunities ahead while maintaining a strong balance sheet and investment-grade rating."
As for the chip firm's financials, Intel released Q2 earnings a few weeks back that showed $0.42 of adjusted earnings per share on $16.1 billion of revenue for its fiscal Q2 ended June 27.
Those top- and bottom-line results beat the Street's expectations, with Intel's sales print representing 24.8% in annual growth -- crushing what had been analysts' consensus view.
Management also issued Q3 guidance that far exceeded anything that Wall Street was looking for, aided by continued elevated demand for its CPUs for AI-related purposes.
Intel projected $15.8 billion-$16.8 billion of revenue generation for the current quarter, which the firm will likely report in late October. Even that range's low end exceeded the $15.2 billion that Wall Street had been looking for at the time for Q3 results.
Analysts now forecast $0.38 in adjusted EPS for Q3 on $16.4 billion of revenue.
In fact, 29 of the 30 sell-side analysts that I know of who cover INTC have revised their estimates higher since the quarter began. (One has made no changes.)
Intel's Technical Analysis
Let's look at INTC's chart going back to late March and running through Thursday afternoon (Aug. 6):
Readers will see that Intel developed a rising wedge of bearish reversal through this past spring, shaded in light orange at the chart's left.
This pattern worked quite well, as Intel's share price apexed on June 30 at a $142.35 all-time intraday high before suffering a sell-off into mid-July.
INTC lost its 21-day Exponential Moving Average (or "EMA," marked with a green line) and 50-day Simple Moving Average (or "SMA," denoted by a blue line) in the process.
What I think I see in the making now is a possible inverse-head-and-shoulders pattern of bullish reversal. Marked in green at the chart's right, this pattern has a $103 pivot (the apex of the right shoulder).
However, the inverse-head-and-shoulders pattern is only about two-thirds of the way into its development, so I might be early or even just plain wrong about this.
Looking at the other technical indicators on the chart above, Intel's Relative Strength Index (the gray line marked "RSI" at the chart's top) has rallied to the neutral line, but stopped there. That offers us little in the way of useful market intelligence.
That said, the stock's daily Moving Average Convergence Divergence index (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) is starting to look much more bullish.
For example, the histogram of the 9-day EMA (the blue bars) has found its way back above the zero-bound after a month of being in negative territory. That's a short-term bullish sign.
In addition, the 12-day EMA (the black line) has moved back above the 26-day EMA (the gold line). That's also bullish -- and this signal will be amplified if both lines can move into positive territory while the black line maintains its lead on the gold one.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long INTC at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. MRVL Soared 350%+ in Months, Then Fell. What Its Chart Says HereSemiconductor-chip designer Marvell Technology NASDAQ:MRVL has been remarkably volatile this year, rising 350%+ in just four months to hit a June 18 all-time high, then pulling back some 35% since then. Let's see what its chart and fundamentals can tell us about what might happen next.
Marvell's Fundamental Analysis
The whole semiconductor group has been hot and cold over recent months, but it seems like MRVL has been among either the leaders or the losers within the Dow Jones U.S. Semiconductors Index DJ:DJUSSC on almost a daily basis.
After a nasty sell-off that lasted into late July, MRVL reacted well this week to the firm unveiling new products to support AI memory infrastructure.
The new offerings expanded Marvell's portfolio for AI storage, rack-scale memory expansion and optical shared memory.
For instance, the firm introduced a new Bravera SC6 PCIe 6.0 SSD controller that doubled the performance of Marvell's previous controller and improves AI-inference efficiency by accelerating KV cache workloads.
MRVL also announced new Photonic Fabric memory modules and chiplets aimed at enabling multi-rack optical-shared-memory architectures for next-generation AI infrastructure.
These new products came out at a time when Marvell is preparing to release fiscal Q2 results in late August.
Wall Street is expecting the firm to report $0.40 in GAAP earnings per share and $0.93 in adjusted EPS on roughly $2.7 billion of revenue. Results like that would be good for almost 35% in annual sales growth, as well as an 81.8% gain from the $0.40 in GAAP that Marvell posted for the same quarter last year.
Meanwhile, analysts' consensus estimate for adjusted EPS would represent a 38.8% y/y expansion from fiscal Q2 2026's $0.67.
All in, 25 of the 32 sell-side analysts that I know of who cover MRVL have revised their current-quarter earnings estimates higher since the period began, while just three have reduced their numbers. (Five have left their estimates unchanged.)
Marvell's Technical Analysis
Now let's go to Marvell's chart going back to April and running through Thursday morning (Aug. 6):
Readers will first notice that MRVL came out of a double-top pattern of bearish reversal in late June and early July, marked with red lines and pink shading in the chart's center. This pattern worked quite well.
After completing that set-up, the stock went on to develop a double-bottom pattern of bullish reversal. That's where we are now some three weeks ahead of earnings.
This pattern's upside pivot stands at $215 (the apex of "W" shape's center). Marvell might be in the process of taking and perhaps holding that level, with the stock trading above $215 for part of this week before closing Wednesday at $211.02.
Should Marvell hold the pivot, shares would face their next test at the stock's 50-day Simple Moving Average (or "SMA," marked with a blue line at $240).
Moving on to the other technical indicators shown above, Marvell's Relative Strength Index (the gray line marked "RSI" at the chart's top) has been improving and has reached above the neutral line.
Marvell's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom), has started to look better as well.
The histogram of the 9-day Exponential Moving Average (or "EMA," marked with blue bars) recently reached above the zero-bound for the first time in more than six weeks. That's bullish.
In addition, the 12-day EMA (the black line) has now overtaken the 26-day EMA (the gold line) -- a bullish signal as well.
However, this signal can be somewhat muted when both lines remain below zero, as they do above. The pattern's bullishness would become considerably stronger if the black line holds above the gold line and both of them move together into positive territory.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in MRVL at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. Oracle Fell 54% in Two Months. Has It Bottomed Out?I wrote in late June that Oracle NYSE:ORCL was showing bearish technical patterns , but now, Oracle's chart says the stock could be feeling around for a bottom (or might have already found one). Let's check it out.
Oracle's Fundamental Analysis
Oracle fell a total of 54.2% from its $250.20 seven-month intraday high on June 1 to its aforementioned $114.50 low on July 28.
The beat-down came after the tech giant reported in early June what looked on the surface like a strong fiscal Q4.
But as I explained at the time, the firm was burning cash -- lots of it -- while loading up on debt. In fact, I wrote that Oracle was running with a balance sheet that "no competent CFO would brag about."
Wall Street expects ORCL to next report quarterly results in early September, with analysts looking for $1.74 in adjusted earnings per share and $1.30 of GAAP EPS on $19.12 billion of revenue.
Numbers like that would be good for more than 28% in annual sales growth and 31.3% year-over-year gains from the $1.30 in the firm's $1.01 in Q1 fiscal-2026 GAAP EPS. They would also represent an 18.4% y/y increase from the $1.47 in adjusted EPS that ORCL posted in the year-ago period.
Meanwhile, 20 of the 33 sell-side analysts that I know of who cover ORCL have boosted their current-quarter earnings estimates higher since the period began, while just six have lowered their numbers. (Seven have left their digits unrevised.)
Oracle's Technical Analysis
Next, let's look at ORCL's chart going back about four months and running through Tuesday afternoon (Aug. 4):
Readers might recall that I wrote in June that Oracle saw a rising-wedge pattern of bearishness this past spring, marked in orange shading in the above chart's left.
As I noted in June, this pattern then led into a head-and-shoulders pattern of bearish reversal, which you can see shaded in green in the above chart's center. This set-up had a $178 apparent downside pivot (the pattern's neckline).
Since then, Oracle has begun to develop what looks like either a developing cup pattern or a cup-with-handle one, shaded in gray at the chart's right. Either set-up would be bullish.
The cup pattern's pivot would be the cup's left-side apex at $195 in the chart above. But should the pattern develop into a cup with handle, the pivot point would move over to the cup's right-side apex (at a price level not yet known).
In the meantime, Oracle has already retaken its 21-day Exponential Moving Average -- or "EMA," marked with a green line at $134.30 vs. the $145.74 that ORCL closed at Tuesday. This might have put the swing crowd back on offense.
However, a larger test will come at either Oracle's 50-day Simple Moving Average (or "SMA," denoted by a blue line at $163.10) or its 200-day SMA (marked with a red line at $181.50).
Oracle will need to retake both lines to complete the cup pattern above. It will also likely have to reconquer at least one of them to get professional managers interested in getting back into the stock on the long side.
Looking at the other technical indicators above, Oracle's Relative Strength Index (the gray line marked "RSI" at the chart's top) has finally moved above the neutral line after almost two months in the proverbial wilderness.
Similarly, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) is postured less negatively than it's been in a long while.
For instance, the histogram of the 9-day EMA (the blue bars) went positive in late July. That's a short-term bullish signal.
So is the fact that the 12-day EMA (the black line) has crossed above the 26-day EMA (the gold line). If the 12-day line can maintain its lead above the- 26-day one and both cross above the zero-bound, that would enhance the bullish signal even more.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in ORCL at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
Nvidia Is -15% Since May. Can It Hold This Key Support Level?Nvidia NASDAQ:NVDA has been the star for years of semiconductor stocks, a group that's gotten absolutely smoked of late. The chip-design firm has fallen some 15% since hitting a $236.54 all-time high in May. Let's see what Nvidia's chart and fundamentals can tell us.
Nvidia's Fundamental Analysis
Wall Street expects NVDA, which has been the unofficial engine of artificial intelligence, to release fiscal Q2 results in late August. (Nvidia is traditionally the last of the mega-cap tech names to release numbers, usually as earnings season is winding down.)
The Street expects CEO Jensen Huang's firm to report another strong quarter, with analysts' consensus estimate looking for $2.08 in adjusted earnings per share on more than $91.8 billion of revenue.
If realized, those numbers would represent a 98.1% rise from the $1.05 in adjusted EPS that Nvidia reported for the year-ago period, while reflecting 96.5% in year-over-year sales growth.
In fact, 33 of the 40 sell-side analysts that I know of who cover NVDA have increased their earnings estimates since the period began. (Three analysts have reduced their numbers, while four have left their estimates unchanged.)
Nvidia's Technical Analysis
Now let's go to NVDA's chart going back some four months and running through Thursday afternoon (July 30):
Readers will see that NVDA has completed a sloppy but very real head-and-shoulders pattern of bearish reversal that ran from early April into the present day.
The stock is now testing its 200-day Simple Moving Average (or "SMA") from above.
Marked with a red line at $193, Nvidia has dropped below this line more than once in recent days. (The stock was trading at $200.21 on Monday morning.)
A definitive cross below the 200-day line would force many professional fund managers to make a decision on whether to defend the stock or reduce long-side exposure.
Although I'm long the stock, I'm less than confident in its short-term performance at this time.
The head-and-shoulders pattern bears a $190 pivot, which is the low of the neckline. However, I would think that the 200-day line might matter more to professional managers. (The two lines aren't that far apart.)
Moving on to the other technical indicators above, Nvidia's Relative Strength Index (marked "RSI" at the chart's top) has been weakening, but is hanging in better than I would have expected.
Meanwhile, the stock's daily Moving Average Convergence Divergence indication (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) is bearish looking, but not terribly so.
For example, the histogram of Nvidia's 9-day Exponential Moving Average (or "EMA," marked with blue bars) has just barely moved into negative territory.
Similarly, the 12-day EMA (the black line) has dropped just a bit below the 26-day EMA (the gold line), while both lines have moved only a little under the zero-bound. These are all bearish signals, but none of them are especially strong.
My last thought? How NVDA fares might depend on whether or not professionally managed money defends what might be a crowded long position at Nvidia's 200-day SMA, its last key support level. Things would get risky if Nvidia definitively cracks its 200-day SMA.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long NVDA at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. SNDK Rose 5,000% Over a Year, Then Sank 50%. What Its Chart SaysSandisk NASDAQ:SNDK has driven traders crazy this summer, facing extreme volatility after a long and nearly parabolic rise that saw the stock rise nearly 5,000% over 12 months before peaking at $2,354.39 on June 22. The data-storage firm heads into earnings next week having fallen some 50% since then to $1,202.84 as of Friday morning. Let's check it out.
Sandisk's Fundamental Analysis
Sandisk, which spun out of Western Digital NASDAQ:WDC in 2025, is set to release Q2 results after the close next Wednesday (Aug. 5). The Street is looking the firm to report $34.52 of adjusted earnings per share on $8.4 billion of revenue.
Should this be precisely where the chips fall, that would represent more than an 11,800% gain from the $0.29 in adjusted EPS that the firm reported in the same period last year. That's not a misprint.
The numbers would also reflect 341.5% in annual sales growth -- again, not a misprint.
Nobody is questioning whether SanDisk has had a great quarter or great year. Instead, the only questions involve the stock's current valuation and the sustainability of such incredible sales growth.
Of the 17 sell-side analysts that I know to cover SNDK, 15 have increased their earnings estimates since the quarter began. Two have left their estimates unchanged and exactly zero have cut their numbers.
Sandisk's Technical Analysis
Next, let's check out Sandisk's chart going back some eight months and running through Thursday afternoon (July 30):
Readers will see that SNDK rallied over the winter out of a bullish-flag pattern of trend continuance, marked with green lines and green shading at the chart's left.
Next, the stock developed over April through June what I thought at the time was a rising-wedge pattern of bearish reversal.
However, this pattern morphed over time into a head-and-shoulders pattern that's not yet complete. Marked with red lines and green shading at the chart's right, this pattern is also bearish.
Readers might see in the disclosure below that I'm long the stock. That's true, but this has been a great name for me and I've reduced exposure by more than half.
Moving on to the other technical indicators above, Sandisk's Relative Strength Index (the gray line marked "RSI" at the chart's top) has worked its way lower over the past month and has fallen below the neutral line. That's bearish.
Similarly, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and gold line at the chart's bottom) has taken a drastic turn for the worse.
For instance, the histogram of the 9-day Exponential Moving Average (or "EMA," marked with blue bars) turned negative a month ago and has not let up. This is a short-term bearish signal.
In addition, the 12-day EMA (the black line) crossed below the 26-day EMA the gold line) about a month ago and both are now in negative territory. That's more of a medium-term bearish signal.
Technicals indicate that SNDK could eventually test its 200-day Simple Moving Average (or "SMA," marked with a red line at $822.60 above vs. the $1,202.84 that Sandisk traded at Friday morning).
Does SNDK move down toward that line, or does that line keep rising to meet the stock's current price? Maybe a bit of both.
Either way, investors probably need to protect themselves on this one -- or have one heck of a tolerance for risk.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long SNDK at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
Is Meta in the Danger Zone Heading Into Earnings?Meta Platforms NASDAQ:META has struggled recently, down some 13% from its July 15 near-term high and about 25% from its August 2025 all-time peak (although the stock has also gained nearly 15% from its March low). This plus some weakness for growth stocks and the broader market make for a very interesting approach to this week's upcoming Meta earnings release.
Let's get into it, shall we?
Meta's Fundamental Analysis
META plans to go to tape with Q2 numbers on Wednesday after the bell, with the Street looking $7.22 in GAAP earnings per share on $60.3 billion of revenue.
That would represent a 1.1% gain from Meta's $7.14 year-ago EPS print, while revenue would have increased by roughly 27% year over year.
However, the analyst community is somewhat split on how this release will play out, with 24 of the 45 sell-side analysts that I know to cover META having upwardly revised their earnings estimates since the period started. (Thirteen of the remaining 21 analysts have revised their numbers lower, while eight have left their expectations unchanged.)
Of course, given the market's landscape of late, investors might focus less on Meta's earnings and revenues and more on its capital expenditures and free cash flow. That's what happened last week when Meta's fellow "Magnificent Seven" stocks Alphabet NASDAQ:GOOGL NASDAQ:GOOG and Tesla NASDAQ:TSLA reported results.
Meta's Technical Analysis
Next, let's go to META's chart going back some 2-1/2 months and running through Tuesday morning (July 28):
Readers will see that from late May into early July, META put together a falling-wedge pattern of bullish reversal.
Shaded in tan, that set-up worked perfectly and Meta rallied into mid-July ... when the stock's bubble burst.
META first gave up its 200-day Simple Moving Average (or "SMA," denoted by a red line). This probably forced some portfolio managers to reduce their long-side exposure.
The stock then surrendered its 21-day Exponential Moving Average (or "EMA," marked with a green line) a day or two later. This likely prompted a number of swing traders to switch sides as well.
Now Meta is testing its 50-day SMA from above. The stock broke below this level (marked with a blue line at $605.10) late last week, but hasn't definitively lost it yet.
But should Meta do so after already giving up its 200-day SMA, the stock's outlook could become really dicey.
Some portfolio managers will likely lop off another pound of flesh in that case. Then again, some managers will likely start adding back the shares they sold in mid-July if Meta finds support at the 50-day line.
Moving on to the other technical indicators in the chart above, Meta's Relative Strength Index (the gray line marked "RSI" at the chart's top) has been weakening, but still remains close to neutral.
However, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at bottom) has recently started to look a lot more bearish.
The histogram of the 9-day EMA (the blue bars) dropped below the zero-bound within the past few days, which is a short-term bearish sign.
The 12-day EMA (black line) has also crossed below the 26-day EMA (gold line). That's also bearish -- although the fact that these lines are still in positive territory might mute this signal a little bit.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in META at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. What Amazon's Chart Tells Us Ahead of Next Week's EarningsIt's been a rough go of it in 2026 for shareholders of Amazon NASDAQ:AMZN , which will report quarterly results next week. The struggling "Magnificent Seven" stock remains some 15% below its $278.56 May all-time high -- and is even roughly 10% below its $258.60 peak for 2025. Let's check out the e-commerce giant's chart and fundamentals.
Amazon's Fundamental Analysis
Amazon expects to release Q2 results after the bell next Thursday (July 30), with the Street looking for $1.82 in GAAP earnings per share on roughly $196 billion of revenue.
Such numbers would represent an 8.3% gain from the $1.68 GAAP EPS that Amazon reported in the same quarter a year ago, while revenues would have grown 16.9% from the $167.7 billion seen 12 months earlier.
Meanwhile, 28 of the 46 sell-side analysts that I know of who track this name have revised their earnings estimates higher since the period began, while just 10 analysts have cut their numbers. (Eight have made no changes.)
Amazon's Technical Analysis
Here's AMZN's year-to-date chart as of Tuesday afternoon (July 22):
This chart is beyond interesting. The most important thing to note is that technically speaking, Amazon's share price has "colored within the lines."
What I mean by that is that everything AMZN has done this year was telegraphed ahead of time by the stock's technicals.
For instance, Amazon came out of a double-bottom pattern of bullish reversal in late March and early April (shaded in green at left), then it promptly rallied into May and June.
That peak next developed into a double-top pattern of bearish reversal that's shaded in pink at the chart's center, and that produced a June/July sell-off for the stock.
And now, Amazon's sell-off seems to be giving way to support ahead of next week's earnings. In fact, the stock might be in the process of creating a cup-with-handle pattern, shaded in gray at the chart's right. That would be a bullish set-up.
After all, Amazon has already taken back its 21-day Exponential Moving Average (or "EMA," marked with a green squiggly line above at $246.30). That likely got swing-trader support back on board.
The next line for the stock to conquer would be its 50-day Simple Moving Average (or "SMA," denoted by the blue line at $251.20).
Meanwhile, Amazon's apparent pivot here would be the cup pattern's right-side apex at $258. But understanding that this is no sure thing, let's see what the other technical indicators in the above chart can tell us.
On one hand, Amazon's Relative Strength Index (the gray line marked "RSI" at the chart's top) is barely neutral and not rising at the moment.
However, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and gold line at the chart's bottom) is steadily improving.
For example, the histogram of Amazon's 9-day EMA (the blue bars) has been in positive territory since July's start. That's a short-term bullish signal.
And on top of that, the stock's 12-day EMA (the black line) is running above the 26-day EMA (the gold line) -- while both move above the zero-bound. That's a stronger, medium-term bullish signal.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long AMZN at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. Two Charts to Check Out Ahead of MSFT's Upcoming Earnings ReportMicrosoft NASDAQ:MSFT plans to release earnings next week at a time when its stock has fallen more than 20% over 12 months. Let's see what its charts and fundamentals can tell us.
Microsoft's Fundamental Analysis
MSFT has risen about 1% in the roughly two weeks since I last looked at the stock .
The tech giant expects to report fiscal Q4 results after the bell next Wednesday (July 29), with the Street looking for $4.24 in adjusted earnings per share on almost $87.7 billion of revenue.
These numbers, if realized, would represent a 16.2% gain from the year-ago quarter's $3.65 in adjusted EPS, as well as almost 14.7% in year-over-year sales growth.
However, 21 of the 31 sell-side analysts that I know of who cover this name have revised their earnings estimates lower since the period began, while only nine have raised their numbers. (One analyst has left his estimate unchanged.)
Microsoft's Technical Analysis
Next, let's check out two MSFT charts going back some 14 months and running through Monday afternoon (July 20):
I showed this first set-up the last time I wrote about Microsoft . It displays the stock entering a double-top pattern of bearish reversal from roughly June 2025 to November 2025, marked with pink shading at the chart's left. This pattern worked out quite well.
Microsoft then moved into a double-bottom pattern of bullish reversal around November 2025 and is arguably still in it today.
This pattern has an apparent upside pivot at $466, the peak of the big W shape's central apex. That's still a ways off, given that Microsoft closed at $397.75 on Wednesday.
Still, the stock has recently retaken its 21-day Exponential Moving Average (or "EMA," marked with a green line at $390.20 in the chart above). This likely got at least part of the swing crowd on board.
Microsoft is now making an attempt to retake its 50-day Simple Moving Average (or "SMA," denoted by a blue line at $401.20). Success there would likely catch professional money managers' attention.
Looking at the above chart's other technical indicators, Microsoft's Relative Strength Index (or "RSI," marked with a gray line at the chart's top) has retaken the neutral line and has been gaining momentum.
Similarly, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) has been gaining strength as well.
The histogram of the 9-day EMA (the blue bars) has been in positive territory for most of July, which is a bullish signal.
On top of that, the 12-day EMA (the black line) has been running above the 26-day EMA (the gold line) for nearly as long, with both of those lines approaching positive territory. That's bullish as well.
But what if we erase the double-bottom pattern as if it weren't there? Let's replace it with a falling-wedge pattern, which is also a sign of bullish reversal:
This set-up would make Microsoft's 50-day SMA (the blue line at $401.20) the stock's apparent pivot.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long MSFT at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. WDC Rose 1,250% Over a Year, Then Sank. What Its Chart Says NowWestern Digital NASDAQ:WDC soared more than 1,250% over 12 months to hit a $799.87 record high in June, but has given back some 30% since then. Let's look at WDC's technicals and fundamentals to see if it's looking safer to get back into stock -- or if there's more pain to follow.
Western Digital's Fundamental Analysis
WDC was at one time part of my "Memory/Storage Basket," which was wildly successful ... until it wasn't.
Suddenly, I and others invested in the space were forced to put our risk-management skills to the test. This is why we so extensively use target prices, pivot points, add levels and panic points in everything we do.
The stock dropped 8% to my assigned panic point and I turned it into a day-trading vehicle. Then it dropped another 8% over time and I discarded the stock from my most-active portfolio.
The next major catalyst for the stock could come on or about Aug. 5, when Wall Street expects WDC to release fiscal Q4 results. The Street is looking for WDC to report $3.30 in adjusted earnings per share on roughly $3.7 billion of revenue.
Numbers like that would reflect a wildly successful quarter, including 42% year-over-year revenue growth and a 98.8% gain to the $1.66 in adjusted EPS result that the firm posted for the year-ago period.
In addition, 18 of the 19 sell-side analysts that I know of who cover WDC have increased their bottom-line estimates for the period since it began. (One has made no changes, while zero have taken their numbers lower.)
Western Digital's Technical Analysis
Next, let's check out WDC's chart going back about three months and running through Tuesday afternoon (July 21):
Readers will see that WDC developed a head-and-shoulders pattern of bearish reversal from mid-May into the present, marked with green shading in the chart above.
This pattern developed what looks like a $480 downside pivot that the stock briefly cracked last week, falling to as low as $430.52 intraday Thursday before bouncing sharply in recent days. (WDC closed at $548.39 Tuesday as tech stocks rebounded.)
But is there more downside to come? There certainly could be.
Looking at the other technical indicators in the chart above, Western Digital's Relative Strength Index (the gray line marked "RSI" at the chart's top) is weaker than neutral -- but appears to be ascending.
Meanwhile, Western Digital's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and gold line at the chart's bottom) is having some issues.
For example, the histogram of the 9-day Exponential Moving Average (or "EMA," marked with blue bars) went negative in late June and is still there. That's a short-term bearish signal that has already overstayed its welcome.
The 12-day EMA (the black line) crossed below the 26-day EMA (the gold line) in late June as well. That's a medium-term bearish signal.
That said, the black line does appear to be rising relative to the gold line. That could be a positive, but traders would likely look for an actual crossover back above the 26-day line before they become bullish.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in WDC at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
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Circle's Fundamental Analysis
For those who wondered but were afraid to ask, Circle is a financial-technology company that builds infrastructure for digital currencies, stablecoins and blockchain-based applications.
Circle is primarily known for having issued two stablecoins -- the U.S. dollar-backed CRYPTOCAP:USDC USDC and the Euro-backed CRYPTOCAP:EURC . (CRCL also offers a tokenized money-market fund known as "USYC.")
The firm primarily operates a business-to-business enterprise, with no real contact with the consumer.
Wall Street expects Circle to release Q2 results on or about Aug. 10, with the Street looking for $0.17 of GAAP earnings per share on about $721 million of revenue.
Such a top-line result would only represent about 10% year-over-year growth, but that kind of bottom-line print would compare very well to the $4.48-per-share loss that Circle saw a year ago.
Still, a lot of analysts appear to be unsure of what to expect from the upcoming results.
Only one of the 15 sell-side analysts that I know to cover this stock has increased his earnings estimate for the period since it began, while six have cut their estimates. (Eight haven't adjusted anything in months.) All of that is a little odd.
Circle's Technical Analysis
Now let's check out Circle's year-to-date chart running through Wednesday afternoon (July 15):
Readers will see that from early March into early June, CRCL developed and completed a double-top pattern of bearish reversal, shaded in pink in the chart above.
This pattern worked to textbook-like perfection, with its $84 downside pivot (the stock's early April low) ultimately leading to Circle falling to a $59.29 2026 low on July 14.
In doing so, CRCL surrendered three key levels. The stock lost its 50-day Simple Moving Average (or "SMA," marked with a blue line), its 200-day SMA (the red line) and its 21-day Exponential Moving Average (or "EMA," denoted by a green line).
That might have turned both professional managers and swing traders against the stock. Then again, the 21-day line acted as resistance as recently as July 10, indicating that maybe the swing crowd isn't yet quite ready to change sides.
And while Circle's Relative Strength Index (the gray line marked "RSI" at the chart's top) has been weak, at least it's off of its lows.
The stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and gold line at the chart's bottom) is looking more bullish as well.
For instance, the histogram of the 9-day EMA (the blue bars) has gone positive. That's a short-term bullish signal.
Meanwhile, the 12-day EMA (the black line) has crossed above the 26-day EMA (the gold line). That's often one of the first signals of a changed environment, although both lines are still running in negative territory. That does mute this signal to some degree.
No promises, but these technicals say there's definitely a chance that CRCL has bottomed out -- or has at least begun the process of building a bottom.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in CRCL at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. AMD Rose 180% in Months to Record Highs. What Its Chart Says NowAdvanced Micro Devices NASDAQ:AMD has gained some 250% over the past 12 months, including rising more than 180% in roughly four months since hitting its 2026 low on March 3. Let's see what the chip giant's fundamental and technical analysis can show us.
AMD's Fundamental Analysis
TD Cowen's Joshua Buchalter this week boosted his AMD price target to $675 from a previous $600 (and the $548.13 the chip firm closed at on Tuesday).
Buchalter also reiterated his "Buy" rating for the stock, writing in a research note about major artificial-intelligence product launches that he expects from the firm during 2026's second half. He also believes CPU demand will remain quite strong, bolstered by agentic AI.
Buchalter is a top-rated sell-side analyst, with TipRanks noting that he's built a 77% success rate and 68.9% average return over the past two years.
Just a few days earlier, Ruben Roy took over AMD coverage for Stifel Nicolaus and promptly rated the chip stock a "Buy," increasing his firm's target price to $635 from an earlier $475.
Roy has had a 79% success rate and 111.1% average return over the past two years, according to TipRanks.
All in, AMD has 28 "Buy" ratings, eight "Hold" designations and zero "Sells" among the 36 analysts that TipRanks follows who cover the stock.
Their 12-month price targets range from a $725 high to a $250 low, with the average forecast predicting the stock will hit $531.78.
Meanwhile, Wall Street expects AMD to release its Q2 results in about three weeks on or about Aug. 4, with analysts' consensus view calling for $1.61 in adjusted earnings per share on roughly $11.1 billion of revenue. (The range of expectations spans from $1.48 to $1.74 in adjusted EPS and $11.1 billion to $11.65 billion of revenue.)
If AMD meets the consensus estimate, that would represent a 235.4% year-over-year gain from the $0.48 in adjusted EPS that the firm reported in the year-ago period. AMD would also see around 44% growth from Q2 2025's $7.7 billion in sales.
The Street is also looking for 43% of sales growth for 2026 as a whole, as well as 56% for 2027.
In fact, 36 of the 40 sell-side analysts that I know of who over AMD have increased their earnings estimates since the quarter began, while just one analyst has cut their forecast. (Three have made no changes.)
AMD's Technical Analysis
Next, let's go to AMD's year-to-date chart as of Monday afternoon (July 13):
Readers will see that AMD recently tried to break out of a rising-wedge pattern of bearish reversal that ran from late March into early July, as marked with orange shading above.
While that breakout failed, AMD has now found consistent support just above the 23.6% Fibonacci retracement level of its late-March/late-June rally, as denoted by the gray lines and shading in the chart.
Admittedly, the shares have struggled to hold their 21-day Exponential Average (or "EMA," marked with a green line at $526.90).
AMD has been both above and below the 21-day EMA line in recent weeks, which very likely implies that the swing crowd is mixed on what to do with the stock at these levels.
The share price could even fall all the way back to its 50-day Simple Moving Average (or "SMA," denoted by a blue line at $486.10). That's where the stock would likely face a test by professional portfolio managers.
Conversely, getting swing traders behind AMD would probably require a more bullish posture to the stock's daily Moving Average Convergence Divergence indicator (or "MACD," marked with blue bars, a black line and a gold line at the chart's bottom).
The 12-day EMA (the black line) would have to cross over the 26-day EMA (the gold line), while the histogram of the 9-day EMA the blue bars) would have to move into positive territory. All of that would be bullish.
Meanwhile, AMD's Relative Strength Index (or "RSI," the gray line at the chart's top) is slightly better than neutral, but not really a factor in this analysis.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long AMD at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Palantir's Fundamental Analysis
PLTR will next report quarterly earnings in about four weeks' time, releasing fiscal Q2 results in August.
Although management has yet to set an official date for Palantir's earnings release the Street is looking for the company to show $0.35 in adjusted earnings per share on about $1.81 billion of sales.
If those numbers are what actually hit the tape, that would represent about 119% of year-over-year profit growth on roughly 80% in y/y revenue gains.
Meanwhile, analysts' consensus estimates for the company's full-fiscal-year results call for 97% year-on-year earnings growth and a 73% y/y sales increase. Growth like that doesn't come easily for large-cap stocks.
And impressively, 20 of the 23 sell-side analysts that I know of who cover PLTR have increased their earnings estimates since the quarter began. Zero analysts have reduced their estimates, while three have made no changes.
Bank of America analyst Mariana Perez Mora (rated at five stars out of a possible five by TipRanks) recently reiterated her "Buy" rating on the stock, although she hasn't set a price target on PLTR for a while.
Palantir's Technical Analysis
Now let's go to PLTR's chart going back some seven months and running through Wednesday afternoon (July 8):
Readers will first see that Palantir developed a falling-wedge pattern of bullish reversal that lasted from late 2026 into May.
Marked with tan shading at the chart's left, this set-up didn't really produce much for the stock. Palantir tried to break out of the pattern in late May and rally, but failed to do so.
But interestingly, the stock's aborted breakout ended up developing into the first portion of what I think might become an inverse head-and-shoulders pattern (which also predicts bullish reversal).
Marked with green shading at the chart's right, this pattern looks like it's close to two-thirds of the way toward completion.
I've drawn in what could become the pattern's right shoulder if Palantir falters -- which it seems to be doing at its 50-day Simple Moving Average, or "SMA," marked with a blue line at $133.70 above. (The stock closed Monday at $130.04.)
Should Palantir come back, break through and hold the 50-day SMA, then we'll stop looking for an inverse head-and-shoulders pattern.
Instead, portfolio managers would likely have to make decisions on their allocation weightings in the stock in preparation for a potential run at Palantir's 200-day SMA (the red line at $157.10 above).
Until then, the pivot for what might be a bullish pattern in the making would likely stand at $136. (Again, PLTR ended Monday at $130.04.)
Moving on to the other technical indicators above, Palantir's Relative Strength Index (the gray line marked "RSI" at the chart's top) has improved recently, but is struggling to hold above the neutral line.
The stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) has improved as well, but needs more to become strongly bullish.
On one hand, the histogram of the stock's 9-day Exponential Moving Average (or "EMA," marked with blue bars) has moved into positive territory. That's a short-term bullish signal.
Additionally, the 12-day EMA (the black line) is running above the 26-day EMA (the gold line). That's bullish as well. However, that signal's degree of bullishness is somewhat muted by the fact that both of those lines are running below the zero-bound.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long PLTR at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
The Analyst Ratings feature comes from TipRanks, an independent third party. The accuracy, completeness, or reliability cannot be guaranteed and should not be relied upon as a primary basis for any investment decision. The target prices are intended for informational purposes only, not recommendations, and are also not guarantees of future results.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. AMAT Rose 300%+ to a Record, Then Fell. What Its Chart Says NowIt's no secret that semiconductor-related stocks like Applied Materials NASDAQ:AMAT have had a pretty rough week or so, with AMAT falling some 20% after hitting an all-time high just on June 30. Let’s see what Applied Materials' chart and fundamental analysis say could happen next with the semiconductor-equipment maker’s stock.
Applied Materials’ Fundamental Analysis
Semiconductor stocks have mostly been on a tear in 2026, with the Philadelphia Semiconductor Index NASDAQ:SOX hitting an all-time high on June 22 after rising 106.9% year to date.
But the sector pulled back in recent days and weeks, with the SOX giving back some 11% since June 22.
The Dow Jones US Semiconductor Index DJ:DJUSSC has likewise shed roughly 7% since setting a record high on June 3.
Semiconductor-equipment providers like Applied Materials have taken a hit as well. AMAT rose more than 300% over 12 months to peak on June 30, but has given back about 20% since then.
On the other hand, Morgan Stanley analyst Shane Brett recently boosted the stock's price target to $647 from a previous $502 while reiterating Applied Materials' hold-equivalent rating.
He also named AMAT as a "top pick" for the sector. (Separately, Brett raised his price targets for Lam Research NASDAQ:LRCX to $404 from $331 and KLA Corp. NASDAQ:KLAC to $274 from $190 while reiterating their current ratings.)
Brett is rated at five stars out of a possible five by TipRanks and has an 81% success rate over that past two years, with an 80% average return.
You’d think that AMAT might take off on an endorsement like that. But looking at its chart, I’m not so sure.
Applied Materials’ Technical Analysis
Here’s AMAT's chart going back some seven months and running through Monday afternoon (July 6):
Readers will first see that AMAT had a very nice run that saw it more than double in price since 2026 began.
However, the shares then tried but failed in June to break above the upper trendline of the stock's Raff Regression model (marked in orange and pink shading).
Instead, the stock ended up testing its 21-day Exponential Moving Average (or "EMA," marked with a green line above at $590.50). Applied Materials also probably tested the swing crowd at that line as well.
The stock recently fell below the 21-day EMA, but has not yet definitively dropped under that line. (Shares were trading Friday afternoon at $603.18, back above the 21-day EMA's $590.50.)
Meanwhile, Applied Materials has recently begun to form what might fully develop into a bearish head-and-shoulders pattern, marked with red lines at the chart's right.
However, that pattern's right shoulder has yet to fully form, hence the question mark I added to the chart's right.
But should AMAT manage to regain and hold its 21-day EMA, the stock could experience an algorithmic surge that might complete that missing right shoulder. This would be a tradeable event -- although again, a head-and-shoulders pattern is one of bearish reversal.
That would create the potential for a more important test of Applied Materials' 50-day Simple Moving Average (or "SMA," denoted with a blue line at $494.10 above). That's where professional managers would likely have to make decisions concerning whether to maintain exposure to the stock. Of course, that's still about a $100 haircut from where AMAT has been trading at.
As for the other technical indicators in the chart above, those appear a bit shaky as well.
For example, Applied Materials' Relative Strength Index (the gray line marked "RSI" at the chart's top) has come down from overextended levels and stands just above the neutral line.
Similarly, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) is sending less-than-bullish signals as well.
First, the histogram of the 9-day EMA (the blue bars) has moved into negative territory, which is a short-term bearish sign.
And while the 12-day EMA (the black line) and the 26-day EMA (the gold line) are both well into positive territory (a bullish signal), the 12-day line has crossed below the 26-day one. That's bearish.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in AMAT at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
The Analyst Ratings feature comes from TipRanks, an independent third party. The accuracy, completeness, or reliability cannot be guaranteed and should not be relied upon as a primary basis for any investment decision. The target prices are intended for informational purposes only, not recommendations, and are also not guarantees of future results.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. Microsoft Is -30% Over 11 Months. What Can Its Chart Show Us?Microsoft has been an outlier among the "Magnificent Seven" tech giants in that it hasn't hit an all-time high in nearly a year -- moving up and down since peaking last July, but ultimately shedding some 30% since then. Let's check out its chart and fundamentals.
Microsoft's Fundamental Analysis
MSFT peaked last July 31 at $555.45, slid more than 35% to a $356.28 low in March and has bounced up and down ever since, trading midday Monday at $384.07.
Market watchers expect the company to report fiscal Q4 results in late July, with the Street currently looking for $4.24 in adjusted earnings per share on $87.66 billion of revenue.
That would represent a 16.2% gain from the $3.65 in adjusted EPS that Microsoft reported in the same period last year.
Meanwhile, the revenue number would reflect roughly 14.7% in year-over-year growth from the $76.4 billion of sales that MSFT saw in Q4 2025. (Analysts expect sales to have risen 17% for fiscal 2026 as a whole.)
That all sounds pretty good, but not everyone is excited. In fact, 20 of the 31 sell-side analysts that I know of who cover Microsoft have cut their earnings estimates since the current quarter began, while only eight have revised those numbers higher. (Three analysts have so far sat on their hands.)
But unlike some of Microsoft's hyperscaler competitors, the company is, to this point, still generating positive free cash flow.
So, will sub-15% sales growth be enough to fire the stock price back up?
Let's go to MSFT's chart for some clues.
Microsoft's Technical Analysis
Here's the stock's daily chart, going back roughly a year and running through Wednesday afternoon (July 1):
This chart shows a possible path for the stock to break out, but there could also be some potholes in the road ahead.
Readers will first see that Microsoft came out of a double-top pattern of bearish reversal in November. Marked with pink shading at the chart's left, this pattern worked like a charm and MSFT fell.
But now, Microsoft appears to have completed a double-bottom pattern of bullish reversal and is trying to head back north.
Marked in green at the chart's right, this pattern has an apparent upside pivot at $458, the apex of the central peak taken from the big "W" formation. (Again, MSFT was trading at $384.07 at midday Monday.)
However, to get to this pattern's apex, Microsoft's shares will have to first get definitively past the stock's 21-day Exponential Moving Average (or "EMA," marked by a green line at $387.10 above). That's where the battle of the swing traders will likely happen.
If Microsoft can take and hold that line, it will be on to the stock's 50-day Simple Moving Average (or "SMA," denoted by a blue line at $408.30 above).
After that, the stock's next challenge will be to retake its 200-day SMA (the red line at $446.10 above). That's where professional money managers will likely start making decisions regarding allocations.
That's a lot of wood for Microsoft to cut -- and that all would happen below the above pivot point.
Moving on to the other technical indicators above, Microsoft's Relative Strength Index (the gray line marked "RSI" at the chart's top) is improving and has now reached a neutral level.
Similarly, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," marked with blue bars, a black line and a gold line at the chart's bottom) is starting to look better even though all three components remain negative.
The histogram of the 9-day EMA (the blue bars) is making an attempt to reach the zero-bound, which would be a positive signal if it happens.
At the same time, the 12-day EMA (the black line) is trying to overtake the 26-day EMA (the gold line). That would be a bullish signal if it happens, although it would be somewhat muted if both lines remain below zero (as they are now).
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long MSFT at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. Micron Is Up 280% YTD. What Does Its Chart Show Us?Micron NASDAQ:MU has been the second-best-performing stock so far during 2026 in the S&P 500 SPCFD:SPX , rising some 280% year to date and recently hitting an all-time high following blowout quarterly earnings. Let's see what the semiconductor giant's chart and fundamentals can show us.
Micron's Fundamental Analysis
MU set a $1,255 intraday record high last Thursday after the firm posted $25.11 in fiscal Q3 adjusted earnings per share on $41.46 billion of revenue -- top- and bottom-line results that handily beat analyst forecasts.
Adjusted EPS rose 1,214.6% from $1.91 a year earlier, while sales gained 345.8% from the $9.3 billion seen in fiscal Q3 2025.
Micron's gross profit hit the tape at $35.06 billion -- up 97.4% y/y -- while gross margin shot up to an amazing 84.6% from 37.7% a year earlier.
Similarly, GAAP operating margin improved to a stunning 80.4% from 23.3% in the same period last year. (Adjusted operating margin likewise improved to 81.2% from 26.8% a year earlier.)
Meanwhile, GAAP EPS landed at $24.67 per fully diluted share, up from $1.68 in fiscal Q3 2035.
Looking at Micron's cash-flow statement, the firm generated $25.39 billion operating cash flow during the latest period -- up 451% year on year. Out of that number, capital expenditures came in $7.83 billion.
However, that doesn't include $733 in government incentives and $9 million in proceeds from property sales. Adding these back in to operating cash flow leaves about $18.3 billion of free cash flow, which was up 839% from the same period last year.
Better-Than-Expected Forward Guidance
Meanwhile, Micron projected $30-$32 in adjusted EPS on $49 billion-$51 billion of revenue for the current quarter.
That's far beyond the $25.45 of adjusted EPS and roughly $43.5 billion sales consensus that analysts had been modeling.
Management also forecast the current quarter's gross margin at approximately 86%. That's even higher than the hefty 84.6% that the firm just reported for fiscal Q3.
Micron's Technical Analysis
Next, let's check out MU's chart running from last November through Friday afternoon (June 26):
Readers will note that in early April, Micron broke out of a rectangle pattern, or "basing period of consolidation" (marked with a black rectangle at the chart's center). The stock then continued its near-parabolic move higher from there.
True, Micron last week tested their 21-day Exponential Moving Average (or "EMA," denoted by a green line) as traders and investors apparently "bought the dip" right before the firm released earnings. This allowed the stock to continue with its recent pattern of creating both higher highs and higher lows.
Micron is now trying to break out of the established uptrend that's illustrated here by a Raff Regression model (the orange and pink shading).
As for the other technical indicators in the chart above, Micron's Relative Strength Index (the gray line labeled "RSI" at the chart's top) is solid, but remains nowhere near technically overbought.
That said, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," marked with blue bars, a black line and gold line at the chart's bottom) is in a tougher spot.
The histogram of the 9-day EMA (the blue bars) is struggling to go positive.
Similarly, the 12-day EMA (black line) is trying to cross above the 26-day EMA (the gold line), with both of those lines well above the zero-bound. If successful, such a move would signal a continuation of the bullish trend.
However, neither of these technical signals has definitively kicked in yet.
Still, readers should remember that the stocks of semiconductor firms (especially those within the memory and storage space) have been extremely volatile lately. Literally anything can happen over the short- to medium-term.
For example, Micron rose 7% intraday just a few days ago on June 22 to what was then a $1,213.56 all-time high -- then slid as much as 14.4% the next day to a $1,038.50 session low.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long MU at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform. LITE Sank 25% After Gaining 1,400%+ in a Year. Here's Its Chart Lumentum Holdings NASDAQ:LITE has tumbled some 25% over less than two months after shooting up more than 1,400% over 12 months to hit an all-time high in May. Let's see what the optical-products firm's chart and fundamentals say could happen next.
Lumentum's Fundamental Analysis
LITE designs and manufactures tech equipment dealing with optical-networking and photonics (basically, light).
The firm sells optical chips, photonic chips, parts, modules and subsystems to cloud providers and data-center and/or artificial-intelligence infrastructure operators. Lumentum also supplies a number of different types of lasers to these clients for several purposes, including 3D sensors.
Created in 2015 as a spinoff from JDSU (formerly known as JDS Uniphase), Lumentum is now viewed by most as a leader in its field.
Outside of the United States, the company maintains a presence in Canada, China, Hong Kong, Thailand, the Netherlands, Taiwan, Switzerland, Israel and Japan.
Lumentum is about six weeks out from reporting the firm's fiscal Q4 numbers, with the Street looking for $2.96 in adjusted earnings per share on $988 million of revenue.
That would represent 236% in year-over-year earnings growth on 106% in y/y revenue growth. Not too shabby.
LITE put its fiscal Q3 numbers to the tape on May 5, reporting $2.37 in adjusted earnings per share on $808.4 million of sales. Adjusted EPS beat analyst estimates, but revenues trailed expectations even though sales rose at a 90.1% annual growth rate.
Nasdaq then announced three days later that LITE would join the Nasdaq 100 index NASDAQ:NDX on May 18, sending the stock peaking on May 15 just prior to its inclusion in the indicator. However, the stock has slowly fallen ever since.
Lumentum's Technical Analysis
Now let's look at LITE's chart going back some four months and running through Monday morning (June 29):
Readers will first see that LITE apexed right around its May 5 earnings release and Nasdaq's May 8 news that the stock would join the Nasdaq 100.
The stock broke down at that time from a rising-wedge pattern of bearish reversal (marked with orange shading) and gave up some significant ground.
What developed next was a pennant formation (shaded in blue in the chart above) that appears to be closing.
Pennants forecasts upcoming volatility, but don't tell us in which direction a stock will move. Shares can move sharply either up or down. This pattern only tells us that when the pennant does close, it's likely Lumentum will break out explosively one way or the other.
In the meantime, the stock has recently lost both its 21-day Exponential Moving Average (or "EMA," denoted by a green line) and its 50-day Simple Moving Average (or "SMA," marked with a blue line).
Regaining these lines would be paramount to keeping going LITE's recent series of higher lows and lower highs -- a pattern that can be traded in the short-term.
Meanwhile, Lumentum's Relative Strength Index (the gray line marked "RSI" at the chart's top) is close to neutral and has not been anything else since early May. This supports my thesis that this stock could break in either direction.
At the chart's bottom, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line) is postured similarly.
All three components -- the histogram of the 9-day EMA (the blue bars), 12-day EMA (the black line) and the 26-day EMA (the gold line) -- are crowded together, and none are very far from the zero-bound. Once again, that indicates a lack of directional signaling.
(Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in LITE at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
