Tesla Inc (TSLA) 2 Day Up Streak Snapped; in an Uptrend Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved down.
Mega Cap US Stocks
Last Updated January 21, 2021 at 12:25 GMT
The instruments in the Mega Cap US Stocks asset class that made the biggest moves, on a percentage basis, over the past day were Wells Fargo & Company, Citigroup Inc, and Exxon Mobil Corp. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Trend News
Over the past two weeks, the strongest trend has been on Jpmorgan Chase & Co. Alternatively, on a 90 day basis, the strongest trend appears on General Electric Co. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Pepsico Inc, Boeing Co, Apple Inc and Walt Disney Co. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs.Moving Averages In The Mega Cap Us Stocks World
For those who pay attention to moving averages, Home Depot Inc may be of particular interest. It crossed its 20, 50 and 100 day moving averages. Outside of Home Depot Inc, other pairs that crossed notable moving average levels include Walmart Inc, Boeing Co, Facebook Inc and Coca Cola Co; they crossed their 20, 50, 200 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Tesla Inc has perhaps the strongest trend. See the chart below.
Lastly, instruments Coca Cola Co and Pfizer Inc are close to their 200 day moving average.
Nvidia Corp (NVDA) Makes Big Move Relative to Past Month, Up 3.75%; Price Base in Formation Over Past 90 Days
Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
PayPal Holdings Inc (PYPL) Up 1.79%
As for how volume fared, yesterday’s volume was up 81.05% from the previous day (wednesday), and up 103.75% from thursday of the week before.
General Electric Co (GE) Down 2.81%, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days
The change in price came along side change in volume that was up 11.33% from previous day, but down 2.43% from the thursday of last week.
Facebook Inc (FB) Heads Up For the 4th Day In A Row, Breaks Above 50 and 100 Day Averages; in a Downtrend Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Home Depot Inc (HD) Up 1.73%, Crosses 100 Day Moving Average; in an Uptrend Over Past 14 Days
The price move occurred on stronger volume; specifically, yesterday’s volume was up 25.77% from the day prior, and up 16.78% from the same day the week before.
Walt Disney Co (DIS) 2 Day Up Streak Snapped; in an Uptrend Over Past 90 Days
The price move occurred on volume that was down 14.16% from the day prior, but up 30.23% from the same day the week before.
Cisco Systems Inc (CSCO) Down 0.51%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that cisco systems inc’s price has gone up 9 of the previous 14 trading days.
Intel Corp (INTC) Tops All mega cap US stocks, Up 6.46%; in an Uptrend Over Past 14 Days
2 Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on intc.
Johnson & Johnson (JNJ) Down 0.4%, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Targeting dupuytren’s disease phase 2 greatly exceeded all primary endpoints. 95% chance this 1 of 4 of their pipeline therapy gets fda approval.