Bank Of America Corp (BAC) 2 Day Down Streak Snapped, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
This is the 2nd hour in a row bac has seen its price head down.
Mega Cap US Stocks
Last Updated January 11, 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 Tesla Inc, Nvidia Corp, and PayPal Holdings 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.
Trend News
Over the past two weeks, the strongest trend has been on Johnson & Johnson. 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 Boeing 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. Price action traders will also want to note that a base appears to be forming on Comcast Corp. Price bases often precede increases in volatility and a clear trend.Moving Averages In The Mega Cap Us Stocks World
For those who pay attention to moving averages, Nvidia Corp may be of particular interest. It crossed its 20, 50 and 100 day moving averages. Outside of Nvidia Corp, other pairs that crossed notable moving average levels include Cisco Systems Inc, PayPal Holdings Inc, Home Depot Inc, Apple Inc and Walmart Inc; they crossed their 20, 20, 20, 20 and 50 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.
Pepsico Inc (PEP) Up 1.28%; in an Uptrend Over Past 30 Days
This move happened on lower volume, as yesterday’s volume was down 18.63% from the day before — and down 6.35% from the same day the week before.
Coca Cola Co (KO) Up 0.85%, in a Downtrend Over Past 14 Days; Eyes 20 Day Average
The change in price came along side change in volume that was down 56.09% from previous day, but up 10.41% from the tuesday of last week.
Amazon Com Inc (AMZN) Up 1.64%, Breaks Above 50 and 100 Day Averages; Price Base in Formation Over Past 90 Days
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Boeing Co (BA) Up 1.09%; in an Uptrend Over Past 14 Days
This is the 2nd straight hour ba has seen its price head down.
Unitedhealth Group Inc (UNH) Up 1.44%; in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Berkshire Hathaway Inc (BRK.B) 3 Day Down Streak Snapped, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Buffet is loaded, he can gobble up the shares in minutes.
Walmart Inc (WMT) Down 0.1%; in an Uptrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Apple Inc (AAPL) Moves Up For the 5th Straight Day
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Exxon Mobil Corp (XOM) 3 Day Down Streak Ended; Breaks Above 100 Day Average
As long as the global economy remains constrained, demand for energy is going to be weak and volatile," he projected.