The Boeing Company (BA) Closes Prior Hour Up 0.57%; Moves Down For the 2nd Day In A Row, Crosses 20 Day Moving Average, in an Uptrend Over Past 90 Days
This is a reversal of the price action on the previous hour, in which price moved down.
Mega Cap US Stocks
Last Updated March 2, 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, Boeing Co, and Citigroup 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 Walmart Inc. Alternatively, on a 90 day basis, the strongest trend appears on Tesla Inc. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for Apple Inc, Johnson & Johnson, Tesla Inc, Microsoft Corp, Cisco Systems Inc, PayPal Holdings Inc, Netflix Inc and Alphabet Inc. 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 Coca Cola Co. 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, Coca Cola Co may be of particular interest. It crossed its 20 and 200 day moving averages. Outside of Coca Cola Co, other pairs that crossed notable moving average levels include Alphabet Inc, Netflix Inc, Cisco Systems Inc, Apple Inc, Adobe Inc and Facebook Inc; they crossed their 20, 20, 50, 100, 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.
Amazon (AMZN) Closes Last Hour Up $19.61; 4 Day Up Streak Ended, Price Base in Formation Over Past 14 and 30 Days
Price action traders in particular will want to note that the 14 and 30 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
UnitedHealth Group (UNH) Price Near $338.48; Crosses 20 Day Moving Average, is Inching Close to 20 Day Average
As for how volume fared, yesterday’s volume was up 6.77% from the previous day (wednesday), and up 2.2% from thursday of the week before.
Berkshire Hathaway (BRK.B) Closes Last Hour Up $1.77; in a Downtrend Over Past 14 Days
The price move occurred on volume that was down 2% from the day prior, but up 61.04% from the same day the week before.
Wal-Mart (WMT) Closes Prior Hour Up 0.15%; Pin Bar Pattern Appearing on Chart, in a Downtrend Over Past 14 Days, Eyes 50 Day Average
For another vantage point, consider that walmart inc’s price has gone down 11 of the previous 14 trading days.
Apple (AAPL) Closes Prior Hour Up 0.12%; Doji and Pin Bar Patterns Appearing on Chart
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
Exxon Mobil (XOM) Closes Prior Hour Up 0.41%; Price Base in Formation Over Past 90 Days, 2 Day Up Streak Ended
Price action traders may also wish to note that we see a pin bar candlestick pattern on xom.
Chevron Corporation (CVX) Price Near $87.29; Moves Down For the 5th Consecutive Day
The price move occurred on stronger volume; specifically, yesterday’s volume was up 18.79% from the day prior, and up 54.04% from the same day the week before.
Adobe (ADBE) Closes Prior Hour Down -0.14%; Moves Up For the 2nd Consecutive Day, 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.
Tesla (TSLA) Closes Prior Hour Up 1.28%; 2 Day Down Streak Ended, in an Uptrend Over Past 30 Days
The change in price came along side change in volume that was up 30.21% from previous day, but down 14.71% from the thursday of last week.