The instruments in the Mega Cap US Stocks asset class that made the biggest moves, on a percentage basis, over the past day were Nvidia Corp, Intel Corp, and Tesla Inc. 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.
Over the past two weeks, the strongest trend has been on Alphabet Inc. Alternatively, on a 90 day basis, the strongest trend appears on Jpmorgan Chase & Co. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Walmart Inc and Comcast Corp. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on Johnson & Johnson and At&T Inc. Price bases often precede increases in volatility and a clear trend.
Moving Averages In The Mega Cap Us Stocks World
Pairs that crossed notable moving average levels include American International Group Inc, Citigroup Inc and Tesla Inc; they crossed their 20, 20 and 100 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 General Electric Co has perhaps the strongest trend. See the chart below.