Highest Technical Rated S&P 500 Components Per 8/9/2024’s Close:
1 – K
2 – IRM
3 – FICO
4 – AXON
5 – HWM
6 – MMM
7 – GDDY
8 – MHK
9 – UHS
10 – VTR
Lowest Technical Rated S&P 500 Components Per 8/9/2024’s Close:
1 – INTC
2 – DXCM
3 – WBA
4 – SMCI
5 – LULU
6 – LW
7 – MRNA
8 – ALB
9 – EL
10 – BBWI
Highest Volume Rated S&P 500 Components Per 8/9/2024’s Close:
1 – AKAM
2 – PODD
3 – EXPE
4 – TTWO
5 – MCK
6 – LLY
7 – MNST
8 – NWSA
9 – CTSH
10 – KEYS
Lowest Volume Rated S&P 500 Components Per 8/9/2024’s Close:
1 – FSLR
2 – KIM
3 – IP
4 – SBUX
5 – FAST
6 – PNC
7 – MSCI
8 – GLW
9 – CINF
10 – A
Highest Technical Rated ETFs Per 8/9/2024’s Close:
1 – UTSL
2 – DRN
3 – DFEN
4 – UPW
5 – XTL
6 – SARK
7 – ZCSH
8 – URE
9 – KOLD
10 – FBL
Lowest Technical Rated ETFs Per 8/9/2024’s Close:
1 – LTCN
2 – BOIL
3 – NVDQ
4 – NVD
5 – SVIX
6 – EVAV
7 – UVIX
8 – MSOX
9 – CONY
10 – MEXX
Highest Volume Rated ETFs Per 8/9/2024’s Close:
1 – JANQ
2 – HAUS
3 – FISR
4 – LGRO
5 – NRES
6 – PRAE
7 – GSPY
8 – NETL
9 – PRMN
10 – DWCR
Lowest Volume Rated ETFs Per 8/9/2024’s Close:
1 – UNIY
2 – NUSB
3 – MDLV
4 – PSFJ
5 – CARK
6 – XFIX
7 – JANH
8 – PSCX
9 – XHYH
10 – GGUS
Highest Technical Rated General Stocks Per 8/9/2024’s Close:
1 – LUMN
2 – LLBO
3 – ASTS
4 – ADD
5 – WTO
6 – FXLV
7 – HROW
8 – GTHX
9 – MDIA
10 – RCAT
Lowest Technical Rated General Stocks Per 8/9/2024’s Close:
1 – WHLR
2 – QXO
3 – SYTA
4 – SBFM
5 – VLCN
6 – PITA
7 – HLVX
8 – CRKN
9 – AVTE
10 – TNXP
Highest Volume Rated General Stocks Per 8/9/2024’s Close:
1 – OUT
2 – ITI
3 – WOWI
4 – MRIN
5 – HOUR
6 – ANTX
7 – UNIT
8 – CYD
9 – SFBC
10 – KITT
Lowest Volume Rated General Stocks Per 8/9/2024’s Close:
1 – FISK
2 – PLAG
3 – VSTE
4 – FMCXF
5 – SCNI
6 – QLI
7 – JWEL
8 – WHTCF
9 – FGFH
10 – DWSN
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
Highest Technical Rated S&P 500 Components Per 8/8/2024’s Close:
1 – AXON
2 – K
3 – IRM
4 – MMM
5 – FICO
6 – HWM
7 – UHS
8 – GDDY
9 – MHK
10 – TYL
Lowest Technical Rated S&P 500 Components Per 8/8/2024’s Close:
1 – FRCB
2 – INTC
3 – DXCM
4 – WBA
5 – SMCI
6 – LW
7 – LULU
8 – MRNA
9 – ALB
10 -EL
Highest Volume Rated S&P 500 Components Per 8/8/2024’s Close:
1 – MCK
2 – MNST
3 – CRL
4 – EPAM
5 – AKAM
6 – LLY
7 – TFX
8 – AXON
9 – WBD
10 – CNP
Lowest Volume Rated S&P 500 Components Per 8/8/2024’s Close:
1 – IP
2 – SBAC
3 – MTD
4 – NSC
5 – CINF
6 – JBHT
7 – GLW
8 – MSCI
9 – STT
10 – PNR
Highest Technical Rated ETFs Per 8/8/2024’s Close:
1 – UTSL
2 – DRN
3 – VIXY
4 – UVXY
5 – SARK
6 – XTL
7 – KOLD
8 – UPW
9 – DFEN
10 – URE
Lowest Technical Rated ETFs Per 8/8/2024’s Close:
1 – LTCN
2 – SVIX
3 – BOIL
4 – NVDQ
5 – NVD
6 – EVAV
7 – BCHG
8 – MEXX
9 – CONY
10 – CONL
Highest Volume Rated ETFs Per 8/8/2024’s Close:
1 – CAMX
2 – SHRY
3 – FFOG
4 – PFIG
5 – SMMV
6 – PSCJ
7 – PSFO
8 – JOJO
9 – PSMJ
10 – SPAX
Lowest Volume Rated ETFs Per 8/8/2024’s Close:
1 – UNIY
2 – RYSE
3 – MEMS
4 – INOV
5 – MAYT
6 – SYUS
7 – ARP
8 – LSGR
9 – ZTRE
10 – KEAT
Highest Technical Rated General Stocks Per 8/8/2024’s Close:
1 – LUMN
2 – ASTS
3 – PW
4 – WTO
5 – FXLV
6 – GTHX
7 – MDIA
8 – HROW
9 – CDNA
10 – KLNG
Lowest Technical Rated General Stocks Per 8/8/2024’s Close:
1 – SCPX
2 – MSTR
3 – QXO
4 – LTM
5 – SYTA
6 – WHLR
7 – VLCN
8 – OM
9 – FAAS
10 – PITA
Highest Volume Rated General Stocks Per 8/8/2024’s Close:
1 – CDT
2 – OGEN
3 – LODE
4 – XPON
5 – GVP
6 – UNIT
7 – APPS
8 – NSA
9 – ENTO
10 – CGGYD
Lowest Volume Rated General Stocks Per 8/8/2024’s Close:
1 – ESBA
2 – IOR
3 – VAPO
4 – GLGI
5 – AMBO
6 – VHIBF
7 – POAI
8 – BEDU
9 – HLTOY
10 – KLNG
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
Highest Technical Rated S&P 500 Components Per 8/7/2024’s Close:
1 – K
2 – IRM
3 – MMM
4 – AXON
5 – FICO
6 – MHK
7 – HWM
8 – GDDY
9 – UHS
10 – TYL
Lowest Technical Rated S&P 500 Components Per 8/7/2024’s Close:
1 – INTC
2 – DXCM
3 – SMCI
4 – WBA
5 – LULU
6 – MRNA
7 – LW
8 – ALB
9 – BBWI
10 – EW
Highest Volume Rated S&P 500 Components Per 8/7/2024’s Close:
1 – CRL
2 – ABNB
3 – AXON
4 – FTNT
5 – EMR
6 – SMCI
7 – CBOE
8 – IFF
9 – DIS
10 – TECH
Lowest Volume Rated S&P 500 Components Per 8/7/2024’s Close:
1 – HAS
2 – SW
3 – ADSK
4 – DLTR
5 – PARA
6 – DFS
7 – FSLR
8 – FFIV
9 – GL
10 – SBUX
Highest Technical Rated ETFs Per 8/7/2024’s Close:
1 – UVXY
2 – VIXY
3 – SARK
4 – UTSL
5 – KOLD
6 – TSLQ
7 – UVIX
8 – SETH
9 – DRN
10 – UPW
Lowest Technical Rated ETFs Per 8/7/2024’s Close:
1 – LTCN
2 – SVIX
3 – BOIL
4 – HZEN
5 – SOXL
6 – CONL
7 – EVAV
8 – MSOX
9 – CONY
10 – MEXX
Highest Volume Rated ETFs Per 8/7/2024’s Close:
1 – TEMP
2 – LCTD
3 – UPGR
4 – IVRA
5 – NUSB
6 – FDEC
7 – STNC
8 – FFEB
9 – SFLO
10 – FTCB
Lowest Volume Rated ETFs Per 8/7/2024’s Close:
1 – MAGG
2 – PJBF
3 – APRD
4 – CFCV
5 – GSID
6 – SHUS
7 – GGUS
8 – KONG
9 – FDVL
10 – MSTI
Highest Technical Rated General Stocks Per 8/7/2024’s Close:
1 – LUMN
2 – PW
3 – ASTS
4 – WTO
5 – FXLV
6 – GTHX
7 – MDIA
8 – KLNG
9 – RGS
10 – TLSA
Lowest Technical Rated General Stocks Per 8/7/2024’s Close:
1 – SCPX
2 – GWAV
3 – LTM
4 – QXO
5 – GRI
6 – VLCN
7 – SYTA
8 – MLGO
9 – WHLR
10 – SEEL
Highest Volume Rated General Stocks Per 8/7/2024’s Close:
1 – OUT
2 – SLG
3 – ADTX
4 – IDAI
5 – ZCMD
6 – PETQ
7 – SCPX
8 – SFBC
9 – RR
10 – SFBC
Lowest Volume Rated General Stocks Per 8/7/2024’s Close:
1 – LRHC
2 – CVALF
3 – QTRHF
4 – SGE
5 – RETO
6 – DTEGF
7 – PCSA
8 – JCSE
9 – BTSGU
10 – SVT
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
While they’re still up +17.77% over the past calendar year & +25.8% since their 52-week low in October of 2023, recent technical weakness amid broader market volatility calls for another look at their more recently updated price level:volume sentiment.
As noted last time we dove into XLK’s price level:volume sentiment their ten largest holdings are Applied Materials Inc. (AMAT), Qualcomm Inc. (QCOM), Microsoft Corp. (MSFT), NVIDIA Corp. (NVDA), Apple Inc. (AAPL), Broadcom Inc. (AVGO), Advanced Micro Devices (AMD), Adobe Inc. (ADBE), Salesforce Inc. (CRM) & Oracle Corp. (ORCL).
Given the recent selloff in large tech names, including by company insiders such as NVDA’s CEO Jensen Huang selling ~$500M in shares this summer alone, it appears that there may be more volatility on the near-term horizon.
With this in mind, it is important to understand previous investor behavior when XLK has traded in the price ranges it is in now, especially as its components all look to have more volatility ahead.
Below is a brief review of XLK’s recent technical performance, followed by the volume sentiments for each of the price levels that they have traded at over the past 2-3 years, in order to have an idea as to how they may behave again at these levels.
It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence into XLK.
Technical Analysis Of XLK, The Technology Sector Select SPDR Fund ETF
XLK ETF – Technology Select Sector SPDR Fund ETF’s Technical Performance Over The Past Year
Their RSI is bouncing back from the oversold level of 30 & sits at 33.57 per 8/6/2024’s close & their MACD is still heavily bearish, with the histogram not indicating much weakness in terms of bearish sentiment yet.
Volumes over the past week & a half have been +39.79% higher than the previous year’s average volume (8,875,842.86 vs. 6,349,194.05), primarily driven by Monday’s massive declining session that brought about the second highest volume of the past year.
Monday’s session is also important as it showed that there is appetite for XLK to trade below its 200 day moving average, which will be important to keep an eye on moving into the second half of the year.
XLK’s 10 day moving average crossed bearishly through their 50 day moving average last Monday, leading the way for a bearish head & shoulders pattern was formed this week that began in April.
Last Friday’s gap down is an area to take note of as well for the near-term, as in addition to the bearish implications the long-legged doji candle shows that there is a lot of indecision & uncertainty as to where XLK should be valued at the moment.
Friday’s heavy volume should also be noted, as between Thursday, Friday & Monday there was a lot of profit taking & while Tuesday’s volumes were heavier that the first two days mentioned there, if the following days are not also heavy there will be a signal of extreme low confidence.
Monday’s candle is very interesting, as it opened low, was able to test higher but was rejected by the 200 day moving average’s resistance & closed lower, although the day’s close was still +3.12% higher than its open.
While the day’s close being that much higher than the open might normally be seen as a bullish signal, the rejection by the 200 DMA & the inability of Tuesday to open or close above it adds a bit of doubt in the near-term sentiment.
In the event that there is further downside movement that wide range covered by the candle’s body may be where a consolidation range forms.
Yesterday’s candle was also a long-legged doji, which despite being a +1.36% session, most of the gain was made on the opening gap up & neither bulls nor bears were in control of the session as a whole.
While the lower range of the day stayed above Monday’s close, the session was unable to close above the 200 DMAs resistance.
While today (Wednesday) has managed to open higher, it will be interesting to see how XLK holds up against the strength of resistance from both the window created by last Friday’s gap & the 10 DMA, which is about to enter said window & apply downward pressure on XLK’s share price.
With all of this volatility & indecision in mind, it is imperative to be paying attention to volume & volume trends, as at the end of the day they will be what is moving price action, especially as XLK’s price gets closer to testing the 10 DMA’s resistance.
It should also be noted that this week features very little in terms of market data, but next week PPI (Tuesday) & CPI (Wednesday) are being released, which will likely add to the volatility.
With this in mind, the table below may be able to shed some insight into how XLK’s prices move during these times of heightened volatility.
XLK, The Technology Sector Select SPDR Fund ETF’s Price Level:Volume Sentiment Broken Down
The top table below shows the support & resistance levels of XLK ETF from the past year’s chart, as well as their price level:volume sentiment at each, using Monday’s closing price.
The moving averages are denoted with bold.
The next charts show the volume sentiment at each individual price level XLK has traded at over the past ~2-3 years.
Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.
All ratios with “0” in the denominator are denoted with a “*”.
NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.
This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLK ETF or any of its components.
XLK ETF’s Price Level:Volume Sentiment Over The Past 2-3 Years At Their One Year Support & Resistance Levels
XLK ETF’s Price Level:Volume Sentiment Over The Past 2-3 Years
Cont’d XLK ETF’s Price Level:Volume Sentiment Over The Past 2-3 Years
XLK ETF’s Price Level:Volume Sentiment Over The Past 2-3 Years Cont’d
$240 – NULL – 0:0*, +19.65% From Current Price Level
$236 – Buyers – 0.4:0*, +17.65% From Current Price Level
$232 – Buyers – 3:1, +15.66% From Current Price Level
$228 – Sellers – 1.31:1, +13.66% From Current Price Level
$224 – Buyers – 2.22:1, +11.67% From Current Price Level
$220 – Sellers – 1:0*, +9.68% From Current Price Level – 50 Day Moving Average*
$216 – Buyers – 1.7:0*, +7.68% From Current Price Level
$212 – Buyers – 1.13:1, +5.69% From Current Price Level
$208 – Buyers – 2.25:1, +3.69% From Current Price Level – 10 Day Moving Average*
$204 – Buyers – 1.14:1, +1.7% From Current Price Level
$200 – Buyers – 1.16:1, -0.29% From Current Price Level – 200 Day Moving Average & Current Price Level**
$198 – Even – 1:1, -1.29% From Current Price Level
$196 – Sellers – 2.13:1, -2.29% From Current Price Level
$194 – Buyers – 1.67:1, -3.29% From Current Price Level
$192 – Sellers – 1.15:1, -4.28% From Current Price Level
$190 – Buyers – 5:1, -5.28% From Current Price Level
$188 – Buyers – 1.67:1, -6.28% From Current Price Level
$186 – Buyers – 1.8:1, -7.27% From Current Price Level
$184 – Buyers – 3.75:1, -8.27% From Current Price Level
$182 – Sellers – 1.27:1, -9.27% From Current Price Level
$180 – Buyers – 1.17:1, -10.26% From Current Price Level
$178 – Buyers – 1.56:1, -11.26% From Current Price Level
$176 – Buyers – 5:1, -12.26% From Current Price Level
$174 – Sellers – 1.24:1, -13.26% From Current Price Level
$172 – Buyers – 1.4:1, -14.25% From Current Price Level
$170 – Buyers – 1.79:1, -15.25% From Current Price Level
$168 – Buyers – 2.75:1, -16.25% From Current Price Level
$166 – Sellers – 1.26:1, -17.24% From Current Price Level
$164 – Buyers – 1.31:1, -18.24% From Current Price Level
$162 – Buyers – 1.6:1, -19.24% From Current Price Level
$160 – Buyers – 1.45:1, -20.24% From Current Price Level
$158 – Buyers – 1.18:1, -21.23% From Current Price Level
$156 – Buyers – 2.1:0*, -22.23% From Current Price Level
$154 – Sellers – 5.38:1, -23.23% From Current Price Level
$152 – Buyers – 1.4:1, -24.22% From Current Price Level
$150 – Buyers – 1.13:1, -25.22% From Current Price Level
$148 – Sellers – 1.06:1, -26.22% From Current Price Level
$146 – Sellers – 1.16:1, -27.21% From Current Price Level
$144 – Buyers – 1.54:1, -28.21% From Current Price Level
$142 – Buyers – 1.08:1, -29.21% From Current Price Level
$140 – Sellers – 1.37:1, -30.21% From Current Price Level
$138 – Sellers – 1.03:1, -31.2% From Current Price Level
$136 – Sellers – 1.42:1, -32.2% From Current Price Level
$134 – Buyers – 1.53:1, -33.2% From Current Price Level
$132 – Sellers – 1.3:1, -34.19% From Current Price Level
$130 – Buyers – 1.56:1, -35.19% From Current Price Level
$128 – Sellers – 1.94:1, -36.19% From Current Price Level
$126 – Buyers – 1.04:1, -37.19% From Current Price Level
$124 – Buyers – 1.22:1, -38.18% From Current Price Level
$122 – Buyers – 1.2:1, -39.18% From Current Price Level
$120 – Sellers – 2.32:1, -40.18% From Current Price Level
$118 – Buyers – 1.1:1, -41.17% From Current Price Level
$116 – Sellers – 2.4:0*, -42.17% From Current Price Level
$114 – Sellers – 2.7:0*, -43.17% From Current Price Level
$112 – NULL – 0:0*, -44.16% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Highest Technical Rated S&P 500 Components Per 8/6/2024’s Close:
1 – K
2 – IRM
3 – MMM
4 – MHK
5 – HWM
6 – FICO
7 – UHS
8 – TYL
9 – GDDY
10 – CBRE
Lowest Technical Rated S&P 500 Components Per 8/6/2024’s Close:
1 – INTC
2 – DXCM
3 – WBA
4 – LW
5 – MRNA
6 – LULU
7 – ALB
8 – EW
9 – CRWD
10 – AAL
Highest Volume Rated S&P 500 Components Per 8/6/2024’s Close:
1 – HSIC
2 – UBER
3 – VMC
4 – K
5 – BAX
6 – TAP
7 – KEYS
8 – ABNB
9 – KVUE
10 – WYNN
Lowest Volume Rated S&P 500 Components Per 8/6/2024’s Close:
1 – APD
2 – SOLV
3 – MHK
4 – SW
5 – IP
6 – GL
7 – MTCH
8 – HUM
9 – COO
10 – JBHT
Highest Technical Rated ETFs Per 8/6/2024’s Close:
1 – UVXY
2 – VIXY
3 – KOLD
4 – UVIX
5 – SARK
6 – UTSL
7 – DRN
8 – DRIP
9 – UPW
10 – URE
Lowest Technical Rated ETFs Per 8/6/2024’s Close:
1 – SVIX
2 – BOIL
3 – LTCN
4 – MEXX
5 – SOXL
6 – NVD
7 – EVAV
8 – MSOX
9 – HZEN
10 – ETCG
Highest Volume Rated ETFs Per 8/6/2024’s Close:
1 – CLIA
2 – SMMV
3 – PAB
4 – UCRD
5 – PDN
6 – PWZ
7 – FDV
8 – PSFD
9 – XTRE
10 – INOV
Lowest Volume Rated ETFs Per 8/6/2024’s Close:
1 – UNIY
2 – NUSB
3 – GSID
4 – MAGG
5 – SHUS
6 – TSEC
7 – IDEC
8 – FEDM
9 – MDCP
10 – SXUS
Highest Technical Rated General Stocks Per 8/6/2024’s Close:
1 – BIVI
2 – LUMN
3 – ASTS
4 – PW
5 – KLNG
6 – WINT
7 – WTO
8 – MDIA
9 – RGS
10 – CDNA
Lowest Technical Rated General Stocks Per 8/6/2024’s Close:
1 – LTM
2 – QXO
3 – GRI
4 – SYTA
5 – WHLR
6 – VLCN
7 – MLGO
8 – TWOU
9 – NUVO
10 – SEEL
Highest Volume Rated General Stocks Per 8/6/2024’s Close:
1 – TENX
2 – OUT
3 – LYT
4 – CLNN
5 – ZCMD
6 – RCON
7 – NLY
8 – IH
9 – UNIT
10 – RVSB
Lowest Volume Rated General Stocks Per 8/6/2024’s Close:
1 – OGCP
2 – VAPO
3 – EDTK
4 – CKX
5 – FMCB
6 – GIKLY
7 – GDTC
8 – TROO
9 – POAI
10 – XBP
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
Highest Technical Rated S&P 500 Components Per 8/5/2024’s Close:
1 – K
2 – MMM
3 – IRM
4 – MHK
5 – UHS
6 – TYL
7 – HWM
8 – CHRW
9 – FICO
10 – CBRE
Lowest Technical Rated S&P 500 Components Per 8/5/2024’s Close:
1 – TSCO
2 – OKE
3 -DD
4 – SYF
5 – TRV
6 – STT
7 – CTSH
8 – ODFL
9 – MDLZ
10 – MCD
Highest Volume Rated S&P 500 Components Per 8/5/2024’s Close:
1 – K
2 – PAYC
3 – TSN
4 – CB
5 – APA
6 – PRU
7 – BKNG
8 – HSIC
9 – INTC
10 – AME
Lowest Volume Rated S&P 500 Components Per 8/5/2024’s Close:
1 – APD
2 – SOLV
3 – GL
4 – SW
5 – PNR
6 – EPAM
7 – FDS
8 – PARA
9 – FICO
10 – CMG
Highest Technical Rated ETFs Per 8/5/2024’s Close:
1 – UVIX
2 – UVXY
3 – VIXY
4 – KOLD
5 – VIXM
6 – SARK
7 – TMF
8 – DRIP
9 – XVOL
10 – BZQ
Lowest Technical Rated ETFs Per 8/5/2024’s Close:
1 – SVIX
2 – BOIL
3 – MSOX
4 – MEXX
5 – LTCN
6 – ETCG
7 – SOXL
8 – BITX
9 – EVAV
10 – CONL
Highest Volume Rated ETFs Per 8/5/2024’s Close:
1 – ROIS
2 – APRZ
3 – VMOT
4 – RYSE
5 – JAND
6 – ROMO
7 – KPRO
8 – XFIV
9 – IWLG
10 – ARCM
Lowest Volume Rated ETFs Per 8/5/2024’s Close:
1 – UNIY
2 – GGUS
3 – PSCX
4 – MAGG
5 – HJAN
6 – EMFQ
7 – GGM
8 – NUSB
9 – CVAR
10 – RHTX
Highest Technical Rated General Stocks Per 8/5/2024’s Close:
1 – GNLN
2 – TENK
3 – TCBP
4 – ASTS
5 – ANTE
6 – WTO
7 – MDIA
8 – SAVA
9 – PW
10 – RGS
Lowest Technical Rated General Stocks Per 8/5/2024’s Close:
1 – LTM
2 – QXO
3 – VLCN
4 – WHLR
5 – FAAS
6 – MLGO
7 – SMX
8 – JAGX
9 – KITT
10 – ALXO
Highest Volume Rated General Stocks Per 8/5/2024’s Close:
1 – OUT
2 – MGOL
3 – MAMA
4 – WHLR
5 – INDO
6 – PW
7 – TWKS
8 – ANTM
9 – UNIT
10 – KTTA
Lowest Volume Rated General Stocks Per 8/5/2024’s Close:
1 – OILSF
2 – JCSE
3 – KSIOF
4 – PSBQ
5 – PTRUF
6 – HLTOY
7 – ATNF
8 – AMYB
9 – ADIL
10 – VHIBF
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
SPY, the SPDR S&P 500 ETF fell -2.12% last week, while the VIX closed the week at 23.39, implying a one day move of +/-1.47% & a one month move of +/-5.04%, as market volatility increased as SPY’s Average True Range shows.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI is currently trending towards oversold levels & sits at 38.81, while their MACD continues its bearish freefall of the last couple of weeks.
Volumes were -11.6% lower than the previous year’s average level (62,220,620 vs. 70,382,825), which has continued to be a cause for concern given the declining volume, as the two highest volume sessions of last week came on declining days.
Monday kicked SPY’s last week off with a bearish sentiment, opening on a gap up from Friday’s close that tested higher, but ultimately closer lower than it opened.
Wedged between the 10 & 50 day moving averages it tested lower towards the 50 DMA more closely than it did to the upside at the 10 DMA & Monday’s session had the lightest volume of the week.
Tuesday the bearishness continued, as the session opened between the 10 & 50 DMA again, tested to the upside where the 10 DMA’s resistance denied it, tested to the downside & temporarily broke out below the support of the 50 DMA, before finally closing just above the 50 DMAs support.
Low volumes also plagued Tuesday’s session, before market participants began coming out more strongly on Wednesday through the rest of the week.
Wednesday was won by the bulls, but the bears were still out in strong force as shown by the tall upper shadow on the session’s candle, as a gap up open above the 10 DMA got market participants off of the sidelines & the 10 DMA’s support was able to sustain & keep the session’s prices propped up.
The session also resulted in a spinning top candle, indicating that there was a good deal of indecision among market participants.
Thursday is where the bears came out in full force for the rest of the week, as the session opened slightly higher than Wednesday & temporarily pushed higher, before SPY’s legs gave out underneath it & the price dropped below the 10 DMA & temporarily below the 50 DMA, before ultimately settling near the 50 DMAs support.
It was a risk-off heading into the weekend sentiment Friday, as prices opened on a gap down below the support of the 50 DMA on the highest volume of the week.
Between the high volumes of Thursday & Friday there was a lot of profit taking from Wednesday’s pump, and bearish sentiment had crept into markets.
With the 10 & 50 day moving averages both well above Friday’s closing price, this coming week’s focus should be on volume, particularly after such a long period of below average weekly volume.
SPY opened Monday down ~3%+ & has support nearby, but the intraday volumes will be what gives clues about what market participants will be doing next.
Monday’s volume is currently ~80% of what Friday’s was before noon, and if that negative sentiment continues on forward expect to see more declines throughout the upcoming week.
There is downward pressure from the 10 & 50 day moving averages which will also be something to consider when assessing the strength of support & resistance levels.
Upon a consolidation range it would be beneficial to be prudent & wait to see solid volume readings before diving back into the market, as volatility is expected to continue, so without a trend of solid, strong volume there are elevated near-term risks in SPY.
SPY has support at the $531.35 (Volume Sentiment: Buyers, 1.5:1), $522.92 (Volume Sentiment: Sellers, 1.38:1), $516.69 (Volume Sentiment: Buyers, 2.35:1) & $509.11/share (Volume Sentiment: Sellers, 1.24:1) price levels, with resistance at the $542.94 (50 Day Moving Average, Volume Sentiment: Sellers, 1.22:1), $544.60 (10 Day Moving Average, Volume Sentiment: Sellers, 1.22:1), $554.87 (Volume Sentiment: Buyers, 2:1) & $565.16/share (All-Time High, Volume Sentiment: NULL, 0:0*) price levels.
SPY ETF’s Price Level:Volume Sentiment Over The Past 1-2 Years
QQQ, the Invesco QQQ Trust ETF that tracks the NASDAQ 100 dropped -3.07% last week, as investors were eager to get out of the tech heavy names that make up a large portion of the index.
QQQ ETF – Invesco QQQ ETF’s Technical Performance Over The Past Year
Their RSI is downtrending towards oversold levels & sits currently at 35.32, while their MACD is in bearish decline.
Volumes were +7.18% above average vs. the previous year (47,385,540 vs. 44,210,526), which should be cause for concern among market participants given that most of their volume came on declining sessions.
QQQ’s week looked very similar to SPYs, as has been the case for some time now as both have been driven by big tech’s strong performance this year.
Monday opened up with a spinning top that closed lower than it opened, expressing uncertainty with a side of negative sentiment & the session’s volume was the lowest of the week.
Tuesday the negative sentiment was confirmed, as the day resulted in declines & hosted a lower shadow that signaled that there was more downside appetite than where the session closed.
Volumes were also relatively muted on Tuesday though, as investors were still on the fence about which direction QQQ would ultimately move in.
Wednesday offered a glimmer of optimism, momentarily, as QQQ opened on a gap up around the 10 day moving average, tested slightly lower (lower shadow), before advancing up to the 50 DMAs resistance level & closing midway between the 10 & 50 day moving averages.
This was all wiped away on Friday though, when a wide-range bearish engulfing candle was the result of QQQ’s trading day & the close was well beneath the 10 & 50 DMAs’ resistance points.
Volumes ticked up for Thursday & continued to go even higher on Friday, when a -2.37% gap down session occurred, resulting in a spinning top candle, indicating that there was quite a bit of fear & uncertainty in QQQ & its components.
This bearish sentiment has carried over into the new week, and much like SPY, QQQ’s week ahead will be interesting to watch from a volume perspective to see where support really lies for the near-term.
QQQ has more nearby support levels than SPY due to their less rapid ascent over the past year, but there is still room for further declines, particularly if big tech profit taking & pivoting out of continues for the rest of the week.
XLK dipped beneath its 200 day moving average’s support on Friday & today’s (Monday) price range for QQQ has dipped below the 200 DMA’s support level, which carries more bearish sentiment moving forward.
Watching QQQ’s volume trends this coming week(s) will be what helps investors figure out where the floor may be for support for QQQ to consolidate in & form a base before they can continue higher.
If the 200 DMA’s support is unable to keep QQQ afloat, expect further declines in the near-term.
QQQ has support at the $448.63 (Volume Sentiment: Sellers, 2.3:0*), $442.35 (Volume Sentiment: Buyers, 1.76:1), $437.86 (Volume Sentiment: Buyers, 1.25:1) & $428.50/share (200 Day Moving Average, Volume Sentiment: Buyers, 1.77:1) price levels, with resistance at the $454.15 (Volume Sentiment: Buyers, 1.62:1), $459.85 (Volume Sentiment: Buyers, 0.9:0*), $464.85 (10 Day Moving Average, Volume Sentiment: Buyers, 0.7:0*) & $473.50/share (50 Day Moving Average, Volume Sentiment: Buyers, 2.5:1) price levels.
QQQ ETF’s Price Level:Volume Sentiment Over The Past 1-2 Years
IWM, the iShares Russell 2000 ETF declined -6.82%, as small caps were the least favorite of the major four indexes & profit taking from their recent pump up came into fashion.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Their RSI is trending bearishly towars oversold & sits currently at 43.7, while their MACD recently crossed over bearishly.
Volumes were +44.33% above average compared to the prior year (50,274,600 vs. 34,832,746), driven mostly by late in the week profit taking following their strong July 2024 performance.
Monday signaled it was near the end of the line for IWM’s recent rally, as a bearish engulfing candle on low volumes kicked the week off; however the 10 day moving average’s support remained strong & in tact.
Tuesday the low volume theme continued but uncertainty crept into the market, as the session resulted in a long-legged doji, that while it formed a bullish harami pattern with the prior day’s candle, there was not much bullish sentiment & it began to indicated that IWM had become exhausted.
Wednesday followed in Tuesday’s footsteps, but with higher volume as it appeared that market participants were ready for one last pump before the risk-off sentiment came in at the end of the week.
Thursday was the breaking point, with a declining ride-range session that broke through the support of the 10 day moving average on the week’s highest volume, indicating that the part was over for IWM.
Friday continued lower on a gap down open resulting in a high wave candle that closed just above where it opened, but indicated that there was appetite below the support of the 50 DMA for IWM to continue lower.
Much like SPY & QQQ, given the high volatility that is expected to continue during this week, IWM’s volumes should be paid close attention to this week to see when they may be able to find support.
Volatility should be expected to continue until a volume trend shows some form of bullishness to serve as support.
While IWM has more local support levels that either of the previous two index ETFs, due to the index being comprised of small cap stocks there is an added likelihood that in prolonged volatility that market participants will sell the lesser know small cap names in favor of keeping cash safe on the sidelines, or in favor of less risky assets such as bonds.
Having an understanding of price level sentiment based on historic volume will be imperative for navigating moving forward for IWM.
IWM has support at the $207.83 (50 Day Moving Average, Volume Sentiment: Buyers, 1.97:1), $207.27 (Volume Sentiment: Buyers, 1.97:1), $204.40 (Volume Sentiment: Buyers, 1.97:1) & $203.68/share (Volume Sentiment: Buyers, 1.13:1) price levels, with resistance at the $209.19 (Volume Sentiment: Buyers, 2.4:0*), $209.29 (Volume Sentiment: Buyers, 2.4:0*), $211.29 (Volume Sentiment: Buyers, 2.4:0*) & $215.38/share (Volume Sentiment: NULL, 0:0*) price levels.
IWM ETF’s Price Level:Volume Sentiment Over The Past ~2 Years
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year
Their RSI is trending bearishly and sits at 45.69, while their MACD has recently crossed over the signal line bearishly.
Volumes were +16.66% above average compared to the previous year (4,118,180 vs. 3,530,175), which is interesting as their highest volume session of last week was bullish, but there was massive amounts of profit taking on Thursday & Friday.
DIA’s week opened up on a bearish note, as prices temporarily dipped beneath the support of the 10 day moving average, indicating that there was weakness on the horizon, especially due to their low volumes.
Tuesday featured another low volume session that nudged slightly higher, before Wednesday signaled sentiment was shifting in a high volume bullish session where bears came out in droves & forced the long upper shadow on the session’s candle, despite the bears attempting to march higher.
Thursday the profit taking began, and the session’s volume was close to the levels seen the day prior, as prices closed below the support of the 10 DMA & the session’s lower shadow indicated that there was more downside appetite.
This continued on into Friday, where a gap down open led to a -1.54% session where the support of the 50 DMA was temporarily broken, signaling that there is further uncertainty about DIA & more volatility on the near-term horizon.
Like the other index ETFs mentioned above, this week all eyes should be on volume trends for DIA as that will shed light into whether or not further declines continue, or if there will be some form of consolidation & support will be found.
DIA has many local support levels which will help ease any further declines to a degree, but the volume will be what’s most important to be keeping an eye on in the coming week, particularly once the 50 DMA’s support has been crossed below.
DIA has support at the $396.94 (Volume Sentiment:Buyers, 2:1), $395.40 (Volume Sentiment: Buyers, 2.6:1), $394.29 (50 Day Moving Average, Volume Sentiment: Buyers, 2.6:1) & $390.85/share (Volume Sentiment: Buyers, 1.67:1) price levels, with resistance at the $398.08 (Volume Sentiment: Buyers, 2:1), $399.64 (Volume Sentiment: Buyers, 2:1), $403.36 (10 Day Moving Average, Volume Sentiment: NULL, 0:0*) & $412.01/share (Volume Sentiment: NULL, 0:0*) price levels.
DIA ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
The Week Ahead
Monday kicks the week off with Chicago Fed President Goolsbee speaking at 8:30 am, followed by S&P Final U.S. Services PMI at 9:45 am & ISM Services data at 10 am.
Alpha Metallurgical Resources, BioCryst Pharmaceuticals, BioNTech, Carlyle Group, Freshpet, Krystal Biotech, Sonic Automotive, Sotera Health, TreeHouse Foods & Tyson Foods all report earnings before Monday’s opening bell, with Addus HomeCare, ADTRAN, Aecom Tech, Ameresco, American Healthcare REIT, Atlas Energy Solutions, Avis Budget, BellRing Brands, BioMarin Pharmaceutical, Boise Cascade, BWX Technologies, Cabot, Capital Southwest Corp., Chegg, CSX, Definitive Healthcare, Diamondback Energy, Encompass Health, Essential Utilities, EverQuote, Fidelity National, Golub Capital, Helios Technologies, HighPeak Energy, Hims & Hers Health, Huntsman, Innovative Industrial Properties, J&J Snack Foods, James River Group, Kemper, Materion, Mueller Water, National Storage Affiliates, Navitas Semiconductor, ONE Gas, ONEOK, Otter Tail Power, Palantir Technologies, Palomar Holdings, Playa Hotels & Resorts, Primoris Services, Quaker Chemical, Realty Income, Simon Properties, Spirit Aerosystems, Summit Materials, Teradata, The Aaron’s Company, TrueBlue, Unisys, Vimeo, Viper Energy Partners, Vista Outdoor, Vornado Realty Trust, Williams Cos, Yum China & ZoomInfo Technologies all due to report earnings after the session’s close.
U.S. Trade Deficit data is released Tuesday morning at 8:30 am.
Tuesday morning’s earnings calls begin with Caterpillar, Acushnet, AdaptHealth, Adient, Alight, ANI Pharma, Aramark, ATI Inc., Atkore International, Avient, Ballard Power, Baxter, Bentley Systems, Bloomin’ Brands, Broadridge Financial, Bruker, Builders FirstSource, Celsius, Clarivate, Constellation Energy, Delek US Holdings, Duke Energy, Energizer, Enpro, Expeditors International of Washington, Fidelity National Information Services, First Watch Restaurant Group, Fox Corp, Genius Sports, GlobalFoundries, Green Plains, GXO Logistics, Harmony Biosciences, Henry Schein, Hillman Solutions, Hyatt Hotels, CHOR Corp, IDEXX Labs, Ingredion, Jacobs Solutions, Jones Lang LaSalle, Kenvue, Knife River Corp, LCI Industries, Marathon Petroleum, Molson Coors Brewing, MPLX LP, Organon, Owens Corning, Planet Fitness, Portillo’s, Restaurant Brands International, Shutterstock, Starwood Property Trust, Tempur Sealy International, Thoughtworks, TopBuild, TPG Inc, Transdigm Group, Trimble, Uber Technologies, Vulcan Materials, Westlake, WK Kellogg Co, Yum! Brands & Zoetis, before ACADIA Pharmaceuticals, Adtalem Global Education, Airbnb, Albany International, American Financial Group, American States Water, Amgen, Andersons, Applied Optoelectronics, Arcadium Lithium, Ashland, Aspen Technology, Assurant, Astera Labs, Axon, Azenta, B&G Foods, BlackLine, California Resources Corp, Certara, Cirrus Logic, Compass Minerals, Coupang, DaVita, Devon Energy, EverCommerce, Exelixis, Flywire, Fortinet, Globus Medical, GoPro, Grocery Outlet, Halozyme Therapeutics, Hecla Mining, IAC Inc, Illumina, Inogen, Instacart, International Flavors & Fragrances, iRobot, Jack In The Box, Lumen Technologies, Luminar Technologies, Matterport, Mosaic, MRC Global, Myriad Genetics, OraSure, Permian Resources, Progyny, Qualys, Reddit, Redfin, Revolve Group, Rivian Automotive, Skyline Champion, Stem, Stride, Sunrun, Super Micro Computer, Toast, Traeger, TripAdvisor, Upstart, V.F. Corp, Veeco Instruments & Wynn Resorts report after the closing bell.
Wednesday afternoon features Consumer Credit data at 3pm.
Walt Disney, ACM Research, Astec Industries, Avista, B2Gold, Brinks, Brookfield Corp, Ceva, Charles River, Conduent, CVS Health, Dine Brands, Dynatrace, Editas Medicine, Emerson, Enovis Corp, Extreme Networks, Global Payments, Gogo, Griffon, Hilton, Holley, International Money Express, International Seaways, Intra-Cellular Therapies, Kennametal, Kornit Digital, Kymera Therapeutics, Louisiana-Pacific, Lyft, New York Times, NiSource, Nomad Foods, ODP Corp, OGE Energy, Oscar Health, Payoneer, Playtika, Ralph Lauren, Reynolds Consumer Products, Rockwell Automation, RXO, Inc, Shopify, Suncor Energy, Sunoco, Taboola, Target Hospitality, Triumph Group, United Parks & Resorts, Valvoline, Vertex, Vishay, Warner Music Group, Wix.com, Wolverine World Wide & Zimmer Biomet all report earnings Wednesday before the opening bell, followed by Robinhood Markets, ACV Auctions, AerSale, Allogene, Amdocs, AppLovin, Atmos Energy, Beyond Meat, Blink Charging, Boot Barn Holdings, Brighthouse Financial, Bumble, CACI International, Central Garden, CF Industries, Chord Energy, Clean Energy Fuels, Coeur Mining, CoreCivic, Curtiss-Wright, Digi International, Digital Turbine, DigitalBridge, Dolby Labs, Duolingo, Dutch Bros, Encore Capital, Energy Transfer, Enersys, Envista, Equinix, Fastly, Fluence, Forward Air, Franco-Nevada, Genco Shipping & Trading, Guardant Health, Health Catalyst, Hillenbrand, Horace Mann, HubSpot, Hudson Pacific Properties, ICU Medical, Jackson Financial, JFrog, Klaviyo, Kratos Defense and Security, Kulicke & Soffa, LegalZoom.com, Leslie’s, LiveRamp, Magnite, Manitowoc, Mannkind, Manulife Financial, Marathon Oil, McKesson, Monster Beverage, Nutrien, Occidental Petroleum, Pan Am Silver, PetIQ, Primerica, Rayonier, Royal Gold, Sarepta Therapeutics, Sinclair Broadcast, SiTime, SM Energy, SolarEdge Technologies, Sonos, STAAR Surgical, Talos Energy, Topgolf Callaway Brands, UGI Corp, Upwork, Viasat, Vital Energy, Warner Bros. Discovery, Watts Water Technologies, Western Midstream, Ziff Davis & Zillow after the closing bell.
Initial Jobless Claims data is released Thursday morning at 8:30 am, followed by Wholesale Inventories data at 10 am & Richmond Fed President Barkin speaking at 3pm.
Thursday morning’s earnings calls include Amicus Therapeutics, Cars.com, Cheniere Energy, Choice Hotels, Cogent Communications, Commscope, CyberArk Software, Datadog, Eli Lilly, Endeavor Group, First Advantage, Frontier Group Holdings, Geron, GoodRx, Hanesbrands, Hilton Grand Vacations, Himax Technologies, Insmed, Ironwood Pharmaceuticals, Kelly Services, Koppers Holdings, Krispy Kreme, Lamar Advertising, LifeStance Health Group, Martin Marietta Materials, MDU Resources, Murphy Oil, Nexstar, NRG Energy, Papa John’s, PAR Technology, Parker-Hannifin, PENN Entertainment, Piedmont Lithium, Plug Power, Privia Health, Sally Beauty, Sealed Air, SharkNinja, Spectrum Brands, Tennant, TKO Group Holdings, Under Armour, US Foods, Viatris, Vital Farms, Walker & Dunlop, Warby Parker, XPEL & YETI Holdings, followed by Akamai Technologies, Alarm.com, AMN Healthcare, Amplitude, Arlo Technologies, Array Technologies, Arrowhead, Bloom Energy, Capri Holdings, CarGurus, Chesapeake Utilities, CleanSpark, Collegium Pharmaceutical, CONSOL Energy, Cytokinetics, DigitalOcean, Diodes, Douglas Emmett, Doximity, Dropbox, e.l.f. Beauty, Evolent Health, Expedia Group, Five9, Funko, Genpact, Gilead Sciences, Green Dot, Iovance Biotherapeutics, Mercer International, MeridianLink, Natera, News Corp, Nu Skin, Open Lending, Paramount Global, Paymentus, Pembina Pipeline, Pitney Bowes, PubMatic, Rackspace Technology, RB Global, Rocket Lab, Savers Value Village, Scripps, Solventum, SoundHound AI, StepStone Group, Sun Life, Sweetgreen, Synaptics, Synaptics, TechTarget, The Beauty Health Company, The Trade Desk, TTEC Holdings, Unity Software, Viavi, Westrock Coffee Company, Wheaton Precious Metals & Yelp after the session’s close.
Friday features no major economic news & Algonquin Power & Utilities, AMC Networks, American Axle, Berry Petroleum, Construction Partners, Embecta, Evergy, Legend Biotech, Sylvamo & Victory Capital are all scheduled to report earnings before the opening bell.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM OR DIA AT THE TIME OF PUBLISHING THIS ARTICLE ***
DTCR, the Global X Data Center & Digital Infrastructure ETF has had a good past year, gaining +15.15% (ex-distributions), including a 31.4% advance from their 52-week low in October of 2023 while only being -5.38% below their 52-week high set in March of 2024 (using Thursday’s closing price).
It’s no secret that the biggest talked about names in the market over the past year have been in the AI/Data Center & Digital Infrastructure space, a trend which looks to continue into the future as technologies continue to evolve.
Some of the fund’s largest holdings include American Tower Corp (AMT), Equinix Inc. (EQIX), Digital Realty Trust Inc. (DLR), Crown Castle Inc. (CCI), SBA Communications Corp. (SBAC), Keppel DC REIT (KDCREIT SP), GDS Holdings LTD – ADR (GDS), China Tower Corp LTD-H (788 HK), NextDC LTD (NXT AU) & Sarana Menara (TOWR IJ).
Given their recent performance & the volatile period markets have recently entered it is a good time to take a look at the volume sentiment around DTCR’s support & resistance levels.
Below is a brief technical analysis of DTCR’s recent performance, as well as a breakdown of DTCR’s volume sentiment at the price levels it has traded at over the past ~4 years.
It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence into DTCR or any of its components.
Technical Analysis Of DTCR, The Global X Data Center & Digital Infrastructure ETF
DTCR ETF – Global X Data Center & Digital Infrastructure ETF’s Technical Performance Over The Past Year
Their RSI is currently near the neutral level & sits at 54.02, while their MACD is bearish but moving towards the signal line, although today’s performance will likely drag it down more bearishly.
Volumes were +24.24% above their prior year’s average over the past week (39,080 vs. 31,415.48), mostly due to the gap up session of Wednesday & Thursday’s subsequent performance.
While this may typically be viewed as a sign of strength, the broader market sell off that we are experiencing is unlikely to spare DTCR & so it is not a bullish indication, especially given the status of their other indicators & oscillators.
Last Friday’s session was able to stop the bleeding of the previous two weeks with a close at about the 50 day moving average & leading to another bullish session at the beginning of this week.
Monday was not entirely a sign of strength though, as prices opened on a gap up, but tested down below the 50 DMA only to recover back above it, but still close below the opening price level.
If there had been an established uptrend prior to Monday the candle would be viewed as a hanging man (bearish).
This sour sentiment continued into Tuesday, when prices again tested below the 50 day moving average & were unable to recover to close above it, signaling that there was likely still trouble on the horizon & putting a damper on the prior two advancing sessions.
Wednesday had the highest volume of the week, likely either due to the high volumes of the advancing major indexes or perhaps a squeeze, resulting in a gap up session that marched higher throughout the day & was able to close above the support of the 10 day moving average.
Thursday signaled that the party is over & that the declines are ready to continue, with a shooting star candle on the session.
While there was also high volume on Thursday, the price covered such a wide range for the day that it included profit taking & should not have been viewed as purely bullish activity, particularly when you examine the height of the day’s upper shadow.
Intraday today DTCR’s gap from Wednesday has begun to fill in & the day’s candle as of 11:45 am has continued bearish implications as we look set into a “risk-off” into the weekend play across markets.
With that said, all eyes should be on whether DTCR forms a consolidation range in the area between the 10 & 50 DMAs, or if it declines further than that & makes a move at the $15.12-15.15 support zone.
Should that be broken, there will be downward pressure from the 10 & 50 DMAs & the $15.04 support level will become critical, as beyond that & the $14.95 point there is a lot of room to decline before any type of stable footing is found.
As their Average True Range perks up again, this should be something to be conscientious of & makes it imperative to understand how buyers & sellers have historically behaved at these support levels.
The data below can be used to help assess the strength of support & resistance levels for DTCR in the future, along with whatever other indicators, oscillators & market data that you prefer to use in your due diligence.
Price Level:Volume Sentiment Analysis Of DTCR, The Global X Data Center & Digital Infrastructure ETF
The top table below shows the support & resistance levels of DTCR ETF from the past year’s chart, as well as their price level:volume sentiment at each, using Thursday’s closing price.
The moving averages are denoted with bold.
The next charts show the volume sentiment at each individual price level DTCR has traded at over the past ~4 years.
Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.
All ratios with “0” in the denominator are denoted with a “*”.
NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.
This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on DTCR ETF or any of its components.
The DTCR ETF’s Price Level:Volume Sentiment Over The Past ~4 Years At Their Past Year’s Support & Resistance LevelsDTCR ETF’s Price Level:Volume Sentiment Over The Past ~4 Years
$18.50 – NULL – 0:0*, +19.51% From Current Price Level
$18 – NULL – 0:0*, +16.28% From Current Price Level
$17.50 – Buyers – 2:1, +13.05% From Current Price Level
$17 – Buyers – 4.5:1. +9.82% From Current Price Level
$16.50 – Sellers – 1.21:1, +6.59% From Current Price Level
$16 – Sellers – 1.71:1, +3.36% From Current Price Level
$15.50 – Buyers – 3.4:1. +0.13% From Current Price Level
$15 – Buyers – 1.06:1, -3.1% From Current Price Level – 10 & 50 day Moving Averages, Current Price Level***
$14.50 – Buyers – 1.14:1, -6.33% From Current Price Level– 200 Day Moving Average*
$14 – Buyers – 1.5:1, -9.56% From Current Price Level
$13.50 – Buyers – 1.83:1, -12.79% From Current Price Level
$13 – Buyers – 1.5:1, -16.02% From Current Price Level
$12.50 – Buyers – 1.3:1, -19.25% From Current Price Level
$12 – Sellers – 2.23:1, -22.48% From Current Price Level
$11.50 – Sellers – 2:0*, -25.71% From Current Price Level
$11 – Buyers – 4.5:1, -28.94% From Current Price Level
$10.50 – NULL – 0:0*, -32.17% From Current Price Level
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN DTCR AT THE TIME OF PUBLISHING THIS ARTICLE ***
Highest Technical Rated S&P 500 Components Per 8/1/2024’s Close:
1 – MHK
2 – IRM
3 – HWM
4 – MMM
5 – CBRE
6 – UHS
7 – CHRW
8 – TYL
9 – KKR
10 – DHI
Lowest Technical Rated S&P 500 Components Per 8/1/2024’s Close:
1 – DXCM
2 – LW
3 – CRWD
4 – LULU
5 – EW
6 – WBA
7 – MRNA
8 – EL
9 – INTC
10 – NKE
Highest Volume Rated S&P 500 Components Per 8/1/2024’s Close:
1 – MGM
2 – MRNA
3 – WDC
4 – AME
5 – FMC
6 – HES
7 – AFL
8 – APTV
9 – HST
10 – IR
Lowest Volume Rated S&P 500 Components Per 8/1/2024’s Close:
1 – GL
2 – PARA
3 – IP
4 – MPC
5 – AON
6 – NTRS
7 – TJX
8 – DVA
9 – KR
10 – DECK
Highest Technical Rated ETFs Per 8/1/2024’s Close:
1 – JEPY
2 – QQQY
3 – IWMY
4 – KOLD
5 – NAIL
6 – UTSL
7 – DPST
8 – DRN
9 – DFEN
10 – UPW
Lowest Technical Rated ETFs Per 8/1/2024’s Close:
1 – BOIL
2 – NVD
3 – TSDD
4 – MEXX
5 – LABD
6 – LTCN
7 – UNG
8 – NVDS
9 – EVAV
10 – ETCG
Highest Volume Rated ETFs Per 8/1/2024’s Close:
1 – GMUN
2 – AUGT
3 – AUGZ
4 – JDVI
5 – FCSH
6 – MART
7 – TSEC
8 – AUGW
9 – JIVE
10 – APRT
Lowest Volume Rated ETFs Per 8/1/2024’s Close:
1 -NUSB
2 – DSTX
3 – ZTRE
4 – FEDM
5 – CFCV
6 – JUNZ
7 – SEPT
8 – MIG
9 – ZTWO
10 – BCIL
Highest Technical Rated General Stocks Per 8/1/2024’s Close:
1 – EVOK
2 – ASTS
3 – WTO
4 – NUZE
5 – LUMN
6 – FXLV
7 – SERV
8 – PSNL
9 – OIBZQ
10 – NISN
Lowest Technical Rated General Stocks Per 8/1/2024’s Close:
1 – LTM
2 – QXO
3 – GRI
4 -VLCN
5 – MLGO
6 – CRKN
7 – FAAS
8 – AVTE
9 -HLVX
10 – WHLR
Highest Volume Rated General Stocks Per 8/1/2024’s Close:
1 – RDHL
2 – TWO
3 – IMRX
4 – WHLR
5 – MDJH
6 – BBLG
7 – TURB
8 – SPGC
9 – RCM
10 – XYLO
Lowest Volume Rated General Stocks Per 8/1/2024’s Close:
1 – ALPIB
2 – TIRX
3 – NEN
4 – DTEGF
5 – LTOY
6 – LANV
7 – ATNF
8 – LCFY
9 – WORX
10 – VS
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
Highest Technical Rated S&P 500 Components Per 7/31/2024’s Close:
1 – MHK
2 – HWM
3 – MMM
4 – CBRE
5 – IRM
6 – KKR
7 – NVDA
8 – UHS
9 – CFG
10 – DHI
Lowest Technical Rated S&P 500 Components Per 7/31/2024’s Close:
1 – DXCM
2 – LW
3 – CRWD
4 – WBA
5 – EW
6 – LULU
7 – EL
8 – NKE
9 – ALB
10 – INTC
Highest Volume Rated S&P 500 Components Per 7/31/2024’s Close:
1 – ESS
2 – MTCH
3 – IPG
4 – NDSN
5 – SJM
6 – UDR
7 – IRM
8 – HUM
9 – CZR
10 – BG
Lowest Volume Rated S&P 500 Components Per 7/31/2024’s Close:
1 – FDX
2 – TSCO
3 – GL
4 – FIS
5 – KR
6 – ROK
7 – STT
8 – SLB
9 – TSLA
10 – SYF
Highest Technical Rated ETFs Per 7/31/2024’s Close:
1 – DPST
2 – NAIL
3 – KOLD
4 – NVDL
5 – NVDU
6 – URTY
7 – TNA
8 – DFEN
9 – NUGT
10 – UTSL
Lowest Technical Rated ETFs Per 7/31/2024’s Close:
1 – BOIL
2 – NVD
3 – TSDD
4 – SSG
5 – NVDS
6 – LABD
7 – SOXS
8 – SRTY
9 – MEXX
10 – TZA
Highest Volume Rated ETFs Per 7/31/2024’s Close:
1 – CARK
2 – DVAL
3 – OCTZ
4 – FFLV
5 – OCIO
6 – AFMC
7 – OAEM
8 – UDI
9 – AUGW
10 – AIA
Lowest Volume Rated ETFs Per 7/31/2024’s Close:
1 – SHRT
2 – XVOL
3 – SBND
4 – PSFD
5 – PSCW
6 – PSCX
7 – BCIL
8 – CPII
9 – NUSB
10 – AGRH
Highest Technical Rated General Stocks Per 7/31/2024’s Close:
1 – NUZE
2 – ASTS
3 – WTO
4 – EBS
5 – FXLV
6 – SERV
7 – LUMN
8 – NISN
9 – RGS
10 – TSSI
Lowest Technical Rated General Stocks Per 7/31/2024’s Close:
1 – LTM
2 – VLCN
3 – GWAV
4 – ABVE
5 – MLGO
6 – AVTE
7 – HLVX
8 – CRKN
9 – FAAS
10 – DSY
Highest Volume Rated General Stocks Per 7/31/2024’s Close:
1 – MHUA
2 – OUT
3 – PMEC
4 – WHLR
5 – TBIO
6 – BIMI
7 – DALN
8 – VCNX
9 – AAMC
10 – CCM
Lowest Volume Rated General Stocks Per 7/31/2024’s Close:
1 – HLP
2 – LCFY
3 – WAFU
4 – FMCB
5 – BAOS
6 – IVA
7 – JCSE
8 – KRRGF
9 – ELWS
10 – CYTO
*** THE LIST ABOVE IS STRICTLY FOR INFORMATIONAL PURPOSES – I MAY OR MAY NOT HAVE OR INITIATE A LONG, SHORT, OR LONG/SHORT POSITION IN ANY NAME ABOVE AT ANY TIME ***
