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TSLA Weekly & Daily Tech: Key Resistance with Breakout PotentialTSLA Weekly and Daily Technical Outlook: Approaching Key Resistance with Breakout Potential Weekly Perspective TSLA is nearing a critical resistance zone starting at $271/$278, and while the technical indicators are mostly bullish, a potential breakout could render some of the oscillator signals less relevant. Oscillators: The RSI (14) stands at 59.09, indicating the stock is nearing overbought conditions but still within neutral territory. However, if TSLA breaks through the $271/$278 resistance, this indicator may quickly enter overbought territory, signaling strong upward momentum. The MACD Level (12, 26) at 8.40 is currently giving a sell signal, reflecting potential short-term weakening, but a breakout could invalidate this and lead to renewed bullish momentum. On the other hand, the Momentum (10) at 11.86 already signals a buy, suggesting a building upward force that aligns with the possibility of breaking through the resistance. Moving Averages: All moving averages show strong buy signals, reinforcing the bullish sentiment. The 10-period EMA at $118.36 and the 200-period EMA at $49.39 both indicate strong support at various timeframes. Given the upward momentum and moving averages in buy territory, the key test will be whether TSLA can break the $271-$278 resistance. A successful breakout would diminish the importance of current oscillator signals, as the stock could enter a new bullish phase. Overall, while oscillators like the MACD suggest caution, a breakout through the $271/$278 level could trigger significant upside potential, rendering short-term signals less relevant. Daily Perspective On the daily chart, TSLA is similarly approaching the critical $271/$278 resistance level, and momentum indicators suggest potential for a breakout. Oscillators: The RSI (14) at 58.39 is hovering near the upper end of neutral, suggesting that while the stock is nearing overbought territory, it still has room to push higher. The MACD Level (12, 26) at 1.60 and the Momentum (10) at 8.92 both give buy signals, indicating strong upward momentum in the short term. A breakout above $271/$278 would likely accelerate this momentum, causing oscillators like the Awesome Oscillator and MACD to strengthen further. In this case, the typical resistance offered by these signals may be less impactful as the stock enters a more aggressive bullish trend. Moving Averages: All moving averages continue to show a strong buy across different timeframes. The 10-period SMA at $121.11 and the 50-period EMA at $117.52 indicate solid upward pressure and support. As TSLA approaches the $271/$278 resistance, the moving averages reinforce the stock’s ability to break higher. A successful breach of this zone could lead to a rapid shift in market sentiment, with moving averages leading the charge into further bullish territory. Conclusion TSLA is rapidly approaching a critical $271/$278 resistance level, but its bullish momentum suggests the potential for a breakout. If the stock surpasses this resistance, current oscillator signals—particularly those showing caution, like the MACD—could lose significance as TSLA enters a new phase of upside movement. With strong support from moving averages and positive short-term momentum, a breakout would likely accelerate the uptrend, pushing the stock to new highs. Disclaimer: The information provided in this analysis is for informational purposes only and should not be considered financial or investment advice.
NASDAQ:TSLALong
by CF_444
NVDA Weekly and Daily Outlook: Bullish Trend with Mixed Signals NASDAQ:NVDA Technical Analysis Weekly Perspective The weekly technical indicators for NVDA show a predominantly bullish outlook, with strong support from moving averages across various timeframes. Oscillators: Most of the oscillators remain in neutral territory. The Relative Strength Index (RSI) is at 59.09, indicating that the stock is not overbought or oversold. The Momentum (10) is showing a buy signal, reflecting a possible upward move, but the MACD is indicating a sell, suggesting some divergence in short-term momentum. This points to a cautious outlook, where price action might not be fully supported by underlying momentum. Moving Averages: All the key moving averages (both exponential and simple) are signaling buys. The 10, 20, 50, 100, and 200-period moving averages are all below the current price, which reinforces the strong upward trend. The Volume Weighted Moving Average (20) and Hull Moving Average (9) also confirm this bullish sentiment, with the stock remaining above these key levels. Despite the neutral signals from most oscillators, the moving averages strongly support the continuation of the upward trend. However, some caution is warranted due to the conflicting momentum signals. Daily Perspective On the daily chart, NVDA’s technical indicators show a slightly more bullish tone compared to the weekly outlook. Oscillators: The daily RSI is at 58.39, close to the upper neutral zone but still not overbought. The Awesome Oscillator and Momentum (10) are both giving buy signals, indicating positive momentum in the short term. The MACD is also in buy territory, which could suggest the continuation of the recent uptrend. Most other oscillators, like the Stochastic %K and Williams Percent Range, remain neutral, reinforcing the view of balanced price action for now. Moving Averages: All moving averages, both exponential and simple, are signaling buys. The price is above the 10, 20, 50, 100, and 200-period moving averages, indicating strength in the trend. The Volume Weighted Moving Average (20) and Hull Moving Average (9) also reflect a strong bullish stance, with the price staying above these levels. In summary, the daily analysis reflects a stronger short-term outlook with positive momentum and solid buy signals across all moving averages. Conclusion NVDA presents a strong bullish trend across both the weekly and daily charts, supported by moving averages that are firmly in buy territory. While oscillators on the weekly chart are mostly neutral, short-term momentum indicators show strength on the daily chart. This suggests that NVDA is in a solid uptrend but with some mixed signals that warrant caution, particularly in monitoring momentum for potential shifts.
NASDAQ:NVDALong
by CF_444
AAPL Weekly & Daily Tech Outlook: Trends and SignalsNASDAQ:AAPL Technical Analysis Weekly Perspective AAPL's weekly technical indicators present a mostly bullish scenario, with the majority of moving averages signaling buys. Oscillators: Most oscillators are in neutral territory. The Relative Strength Index (RSI) is at 62.86, indicating neither overbought nor oversold conditions. The Momentum (10) is the only oscillator showing a buy signal, suggesting increasing bullish momentum. On the other hand, the MACD is signaling a sell, which could indicate some weakening in the momentum. Moving Averages: All moving averages, both exponential and simple, are signaling buys. The 10, 20, 50, 100, and 200-period moving averages are all below the current price, reinforcing the long-term bullish trend. The fact that the Hull Moving Average shows a sell signal might indicate a potential short-term pullback, but this doesn’t seem significant in the broader picture. Overall, the weekly chart for AAPL presents a clear uptrend supported by moving averages, though oscillators indicate some caution as momentum isn’t fully confirmed. Daily Perspective On the daily chart, the technical analysis is more mixed, with some contradictory signals. Oscillators: Similar to the weekly chart, most oscillators are in neutral territory. The RSI stands at 53.03, indicating balance between buyers and sellers. However, the Momentum (10) shows a negative value (-1.40), suggesting some bearish pressure, though this is counterbalanced by buy signals from the MACD and Bull Bear Power. This divergence in signals suggests that the price could be in a consolidation phase or transitioning into a new move. Moving Averages: Daily moving averages show a more positive outlook, with most indicating buys. The current price is above most exponential and simple moving averages (except the 10-period SMA). This behavior suggests that despite some potential short-term bearish pressure, the medium-term trend remains bullish. In summary, the daily analysis suggests AAPL might be undergoing a minor correction or consolidation before continuing its upward trend. The buy signals from the moving averages remain strong, though caution is advised due to mixed oscillator signals. Conclusion AAPL is maintaining a bullish trend, particularly supported by moving averages in both timeframes. However, oscillators reflect some uncertainty in the short term, which could indicate a consolidation phase or a minor pullback before resuming the uptrend. It's important to closely monitor support and resistance levels in the coming days, especially if momentum indicators begin to weaken. Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered financial or investment advice.
NASDAQ:AAPL
by CF_444
Exxon's Make-or-Break Moment: $123 Resistance in FocusThe chart distinctly illustrates that the stock has been in a consolidation phase for over a year and is presently trading slightly below its resistance zone. For a potential upward movement, the price must surpass the 123 level and maintain its position above this threshold. At the same time, there is a significant likelihood that the stock price may encounter rejection once more, leading to a decline towards its trendline support level.
NYSE:XOM
by NaranjCapital
1
Nvidia next possible moveHi traders I decided to a serious look on nvidia as there is soo many weird graphs 📊 about,Nvidia it's still in a bull trend however some traders are confused n see some selling others buying which is normal,when I started trading I use to draw weirdo graphs until I invested more knowledge in how to follow the trend,am expecting nvidia to break that triangle in few weeks,if its necessary to test 104 again before breakout, if not it can break it this coming week#netflix,apple,Amazon,tesla,nvidia,msft,google don't over think n sell this stocks in 2024 without proper clear change of directions they are trending up since 2023 n they can close higher aswell.this years if we won't have any crash or recession do to war,other traders I talk about war they ask me why war in the market,war does affect markets n economy n can cz damage in interior economy that's why we need to find a way to stop the war that Israel started before it become world War as alot of countries are getting involved,but for now we still stick to the bull run cycle n under control,soo also understand if I comment on your post am not fighting you are welcome to come n comment below,anything against the trend without proper U.turn I disagree,you need to have a good specific reason to goo against the trend if is trending up or down n understanding it's pull back thanks😊
NASDAQ:NVDALong
by mulaudzimpho
2
$RKLB - What's next?NASDAQ:RKLB Since all three targets that I published have been hit, you might be wondering what my next targets are. Well, if it can close above $10.50, we have a shot at $11.65 to $12.69 next. 🚀 Keep in mind, though, a rejection can trigger a pullback to the $8 and $7 area. So, I would plan for what I would do in that case. There are certainly risks now that the stock is close to the pre-SPAC price. So, it is not all going to be clear skies and sunshine. Here are the things that can trigger a sell-off: 1. Pre-IPO investors taking profit, like Khosla Ventures. 2. An additional capital raise. This is certainly possible. 3. Insider selling in large numbers. When Peter sold his shares last time, the stock took a nosedive. Remember that? 4. Upcoming ER disappointment. 5. Competition risk. These are realistic threats to the current rally. You may have heard of it: Bulls make money, bears make money. Pigs get slaughtered. Don't be a pig! As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NASDAQ:RKLBLong
by PaperBozz
GME - The cat is gone, the mice try to keep the party goingDoing a technical analysis of NYSE:GME might seem idiotic and pointless. We all know price is ruled by Reddits and social media posts. It used to have its moments due to a kitten, with insane movements. The kitten has fled, and the Reddits still claiming this is the best company ever do not have the power to keep the stock up. Management has proven several times they do not care about shareholders, instead they see them as a tool. They have taken advantage of shareholders more than once, and they will again. Price is now in a kind of limbo, wedge pattern. This will not last. The company has a full bank account, but has not shown or communicated anything about any potential investments. In fact, they have shown signs of trying to save the obsolete business of yesterday by closing some stores. I am fully aware that something must be going on behind the scenes, but it has been a story for some time. NYSE:GME still has the right to issue/sell more a lot of shares, and given their history of totally ignoring and abusing their shareholders, I expect another dilution of shareholders. Continued no news, reduced interest, no hope of the kitten rescue, lower highs on the chart, I feel the lower channel band will be broken and we face the support around $15, then $10. Without RK, and a non-communicating RC there is no case.
NYSE:GMEShort
by WeRideAtDawn
5