Price:Volume Sentiment Analysis For Marriott International, Inc. MAR Stock

Marriott International, Inc. stock trades under the ticker MAR & has had an excellent 2023, advancing +51.13% since their 52-week low in September of 2022.

They’ve declined -3.42% off of their 52-week high set in August of 2023, making it a great time to look at their current support levels & how strong investor sentiment was at each.

Given that there are only 2 support touch points between their current price & the next support zone, it will help market participants to understand how their price action moves in the coming days-to-weeks.

The Price:Volume analysis below seeks to display the volume at specific share-price levels from over the past one-to-two years & is intended to serve as a reference point for how investors viewed MAR stock’s value at each level.

It also includes a list of moving averages, as well as support & resistance levels, which will be marked in bold.

Marriott International, Inc. MAR Stock’s Price:Volume Sentiment Broken Down

Marriott International, Inc. MAR Stock’s Technical Performance Over The Past Year
Marriott International, Inc. MAR Stock’s Technical Performance Over The Past Year

Their RSI is on the overbought end of neutral at 57.13, with a MACD signaling bearish decline following some profit taking after they hit their 52-week high a couple of weeks ago.

Their trading volume over the past week & a half has been +15.11% above average compared to the year prior (2,217,112.5 vs. 1,926,009.96), confirming that investors were eager to take profits after the rally that led to the top that began back in June.

Their ATR is just below its average & trending lower, implying that there are more declines to come in the near future.

This is important to recognize, as their next support levels are $198.59 (-2.29%) & $191.78 (50-Day Moving Average; -5.64%) before they reach a support zone ~10% below their current price.

By understanding how market participants behaved at each price level that MAR stock has traded at over the past 1-2 years, it is possible to gauge how they might behave in the face of additional near-term declines.

The following note outlines support/resistance levels from the past year, while also breaking down the ratio of buyers:sellers (or sellers:buyers) at each price level by percentage that they’ve traded at in the past 1-2 years.

The bold prices on the image below denote the moving average levels just listed & the bold entries in the list form of the analysis under the images include other levels of support.

Each corresponding price level using a ratio of Buyers:Sellers (or Sellers:Buyers), NULL values denote that there was not enough data, so the ratio would’ve been 0:0.

Ratios with a 0 for the denominator/constant are denoted with an *, but are reported as is, as we are accounting for volume/sentiment.

Marriott International, Inc. MAR Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Marriott International, Inc. MAR Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Marriott International, Inc. MAR Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Marriott International, Inc. MAR Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Marriott International, Inc. MAR Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Marriott International, Inc. MAR Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Marriott International, Inc. MAR Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment

Marriott International, Inc. MAR Stock’s Volume By Price Level

$212 – NULL – 0:0*; +4.31% From Current Price Level

$208 – NULL – 0:0*; +2.34% From Current Price Level

$204 – NULL – 0:0*; +0.37% From Current Price Level – 10 Day Moving Average

$200 – NULL – 0:0*; -1.6% From Current Price Level

$198 – NULL – 0:0*; -2.58% From Current Price Level

$196 – NULL – 0:0*; -3.57% From Current Price Level

$194 – NULL – 0:0*; -4.55% From Current Price Level

$192 – NULL – 0:0*; -5.54% From Current Price Level

$190 – NULL – 0:0*; -6.52% From Current Price Level – 50 Day Moving Average

$188 – NULL – 0:0*; -7.5% From Current Price Level

$186 – NULL – 0:0*; -8.49% From Current Price Level

$184 – Buyers – 2.07:1; -9.47% From Current Price Level

$182 – Buyers – 1.1:0*; -10.46% From Current Price Level

$180 – Buyers – 2.75:1; -11.44% From Current Price Level

$178 – Buyers – 2.44:1; -12.42% From Current Price Level

$176 – Buyers – 1.44:1; -13.41% From Current Price Level

$174 – Sellers – 1.26:1; -14.39% From Current Price Level

$172 – Buyers – 1.2:1; -15.38% From Current Price Level

$170 – Sellers – 1.35:1; -16.36% From Current Price Level – 200 Day Moving Average

$168 – Sellers – 1.49:1; -17.34% From Current Price Level

$166 – Buyers – 1.09:1; -18.33% From Current Price Level

$164 – Buyers – 4.73:1; -19.31% From Current Price Level

$162 – Buyers – 1.39:1; -20.3% From Current Price Level

$160 – Buyers – 1.48:1; -21.28% From Current Price Level

$158 – Sellers – 1.43:1; -22.26% From Current Price Level

$156 – Sellers – 1.16:1; -23.25% From Current Price Level

$154 – Sellers – 1.23:1; -24.23% From Current Price Level

$152 – Buyers – 1.33:1; -25.22% From Current Price Level

$150 – Sellers – 1.42:1; -26.2% From Current Price Level

$148 – Sellers – 1.12:1; -27.18% From Current Price Level

$146 – Sellers – 1.17:1; -28.17% From Current Price Level

$144 – Sellers – 2.8:0*; -29.15% From Current Price Level

$142 – Buyers – 2.12:1; -30.14% From Current Price Level

$140 – Buyers – 2.09:1; -31.12% From Current Price Level

$138 – Sellers – 2.28:1; -32.1% From Current Price Level

$136 – Sellers – 1.37:1; -33.09% From Current Price Level

$134 – Sellers – 3.7:0*; -34.07% From Current Price Level

$132 – Sellers – 0.8:0*; -35.06% From Current Price Level

$130 – Sellers – 1.2:0*; -36.04% From Current Price Level

$128 – NULL – 0:0*; -37.02% From Current Price Level

Tying It All Together

The list & image above paint the picture as to how investors & traders have behaved at various price levels that MAR has been at over the past one-to-two years.

It is not meant to serve as investment/trading advice, and is simply a way to visualize what investor/trader sentiment has been like at each of the price levels mentioned, as well as what it was at levels of support & resistance that are denoted in the image & list.

As always, do your own due diligence before making investing/trading decisions.

For more on the methodology on how the data was collected & put together, please refer to our original Price:Volume analysis.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN MAR AT THE TIME OF PUBLISHING THIS ARTICLE ***


Price:Volume Sentiment Analysis For Palo Alto Networks Inc. PANW Stock

Palo Alto Networks Inc. stock trades under the ticker PANW & has advanced +77.4% from their 52-week low in January of 2023.

August has been an interesting month for them, kicking off the month with an -8% gap down, but gapping up +14.75% this past Monday.

While they’re shy of their 52-week high, it is worthwhile to examine their volume sentiment at each price level that they’ve traded at in the past 1-2 years in order to get a better understanding of how their shares may trade in the coming months.

It is particularly important as it may give insight into how they’ll trade as their price approaches the windows created by the two aforementioned gaps.

The Price:Volume analysis below seeks to display the volume at specific share-price levels from over the past two-to-three years & is intended to serve as a reference point for how investors viewed PANW stock’s value at each level.

It also includes a list of moving averages, as well as support & resistance levels, which will be marked in bold.

Palo Alto Networks Inc. PANW Stock’s Price:Volume Sentiment Broken Down

Palo Alto Networks Inc. PANW Stock’s Technical Performance Over The Past Year
Palo Alto Networks Inc. PANW Stock’s Technical Performance Over The Past Year

Their RSI is currently neutral at 54.2 & their MACD is slightly bullish following Monday’s gap up session.

Their average true range is signaling that they will see a decline in the near-term, or at least some rangebound activity around their current price level.

Volumes over the past week & a half have been +51.82% higher than the average volume for the past year (7,307,033.51 vs. 4,812,866.01), signaling that investor sentiment was strong on last Friday & Monday of this week, which may lead to some profit taking in the near-term.

Looking in the windows created by the gap we can see that there are 2 support levels that are near the current price level, with the nearest support near the bottom of the gap getting help from the 10 day moving average in the coming week, which may help them in the event of decline.

Yesterday’s bearish engulfing candlestick is a cause for concern however & market participants would be wise to keep a close eye on PANW in the coming days-to-weeks.

The bold prices on the image below denote the moving average levels just listed & the bold entries in the list form of the analysis under the images include other levels of support.

Each corresponding price level using a ratio of Buyers:Sellers (or Sellers:Buyers), NULL values denote that there was not enough data, so the ratio would’ve been 0:0.

Ratios with a 0 for the denominator/constant are denoted with an *, but are reported as is, as we are accounting for volume/sentiment.

Palo Alto Networks Inc. PANW Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Palo Alto Networks Inc. PANW Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Palo Alto Networks Inc. PANW Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Palo Alto Networks Inc. PANW Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Palo Alto Networks Inc. PANW Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Palo Alto Networks Inc. PANW Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Palo Alto Networks Inc. PANW Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Palo Alto Networks Inc. PANW Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment

Palo Alto Networks Inc. PANW Stock’s Volume By Price Level

$260 – NULL – 0:0*; +10.85% From Current Price Level

$256 – Buyers – 0.8:0*; +9.14% From Current Price Level

$252 – Buyers – 1.5:1; +7.44% From Current Price Level

$248 – Buyers – 9.6:1; +5.73% From Current Price Level

$244 – Buyer s- 5.5:1; +4.02% From Current Price Level

$240 – Buyers – 1.46:1; +2.32% From Current Price Level

$236 – Buyers – 1.57:1; +0.61% From Current Price Level – 50 Day Moving Average

$232 – Sellers – 3.55:1; -1.09% From Current Price Level

$228 – Buyers – 1:0*; -2.8% From Current Price Level

$224 – Buyers – 2.78:1; -4.5% From Current Price Level

$220 – Buyers – 1.25:1; -6.21% From Current Price Level

$216 – Sellers – 1.29:1; -7.91% From Current Price Level – 10 Day Moving Average

$212 – Buyers – 1.26:1; -9.62% From Current Price Level

$208 – Buyers – 2.07:1; -11.32% From Current Price Level

$204 – Buyers 4.56:1; -123.03% From Current Price Level

$200 – Buyers – 2:1; -14.73% From Current Price Level

$198 – Buyer s- 2.5:0*; -15.59% From Current Price Level

$196 – Sellers – 1.13:1; -16.44% From Current Price Level

$194 – Buyers 2:1; -17.29% From Current Price Level

$192 – Buyers – 2.22:1; -18.14% From Current Price Level

$190 – Sellers – 1.07:1; -19% From Current Price Level – 200 Day Moving Average

$188 – Buyers – 1.91:1; -19.85% From Current Price Level

$186 – Sellers – 1.07:1; -20.7% From Current Price Level

$184 – Buyers 1.15:1; -21.56% From Current Price Level

$182 – Sellers – 1.73:1; -22.41% From Current Price Level

$180 – Buyers – 1.17:1; -23.26% From Current Price Level

$178 – Sellers – 1.14:1; -24.11% From Current Price Level

$176 – Buyers – 1.16:1; -24.97% From Current Price Level

$174 – Sellers – 1.5:1; -25.82% From Current Price Level

$172 – Sellers – 1.15:1; -26.67% From Current Price Level

$170 – Buyers – 1.12:1; -27.52% From Current Price Level

$168 – Sellers – 2.74:1; -28.38% From Current Price Level

$166 – Sellers – 1.16:1; -29.23% From Current Price Level

$164 – Sellers – 1.08:1; -30.08% From Current Price Level

$162 – Buyers – 5.64:1; -30.93% From Current Price Level

$160 – Sellers – 8.5:1; -31.79% From Current Price Level

$158 – Buyers – 2.08:1; -32.64% From Current Price Level

$156 – Sellers – 3.2:1; -33.49% From Current Price Level

$154 – Sellers – 2.18:1; -34.35% From Current Price Level

$152 – Sellers – 1:0*; -35.2% From Current Price Level

$150 – Buyers – 1.11:1; -36.05% From Current Price Level

$148 – Sellers – 2.78:1; -36.9% From Current Price Level

$146 – Buyers – 1.86:1; -37.76% From Current Price Level

$144 – Buyers – 1:0*; -38.61% From Current Price Level

$142 – Sellers – 2.7:1; -39.46% From Current Price Level

$140 – Sellers – 2.13:1; -40.31% From Current Price Level

$138 – Buyers – 1.13:1; -41.17% From Current Price Level

$136 – Sellers – 1.71:1; -42.02% From Current Price Level

$134 – Sellers – 2.88:1; -42.87% From Current Price Level

$132 – NULL – 0:0*; -43.72% From Current Price Level

Tying It All Together

The list & image above paint the picture as to how investors & traders have behaved at various price levels that PANW has been at over the past one-to-two years.

It is not meant to serve as investment/trading advice, and is simply a way to visualize what investor/trader sentiment has been like at each of the price levels mentioned, as well as what it was at levels of support & resistance that are denoted in the image & list.

As always, do your own due diligence before making investing/trading decisions.

For more on the methodology on how the data was collected & put together, please refer to our original Price:Volume analysis.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN PANW AT THE TIME OF PUBLISHING THIS ARTICLE ***


Price:Volume Sentiment Analysis For Akamai Technologies, Inc. AKAM Stock

Akamai Technologies, Inc. stock trades under the ticker AKAM & has advanced +43.92% since their 52-week low in March of 2023.

After making a fresh new 52-week high last week & seeing their oscillators it is time to check in with how their volume has been at each price level that they’ve traded at in recent history (past 1-2 years).

Given the +8.47% gap up they experienced last week having limited support within the window (with exception to their 10 day moving average & a couple of other touch-points towards the lower end of the window), it becomes even more important to understand how market participants have viewed their valuation at various price levels, as there is otherwise unstable footing at their recent price levels.

The Price:Volume analysis below seeks to display the volume at specific share-price levels from over the past two-to-three years & is intended to serve as a reference point for how investors viewed AKAM stock’s value at each level.

It also includes a list of moving averages, as well as support & resistance levels, which will be marked in bold.

Akamai Technologies, Inc. AKAM Stock’s Price:Volume Sentiment Broken Down

Akamai Technologies, Inc. AKAM Stock's Technical Performance Over The Past Year
Akamai Technologies, Inc. AKAM Stock’s Technical Performance Over The Past Year

As noted above, their oscillators are signaling impending declines with their RSI just returning from overbought levels at 67.61 & their MACD is beginning to curl over into a bearish reversal.

Their trading volumes over the past week & a half have increased by +90.59% compared to the past year’s average volume as market participants were eager to get involved in the gap up & have remained eager to take profits off of the table (2,938,294.5 vs. 1,541,687.92), which is flashing signals of an impending reversal in sentiment/a continuation of the past few days’ declines.

AKAM’s 50 day moving average is lagging their 10 day moving average by -6.4% & will likely not be able to provide extra support within the window unless they establish a temporary consolidation range in the meantime, leaving them limited support in the window, especially given that their second highest support level of the past 52-weeks will become less relevant by the end of the week as it is nearing 52-weeks old.

Their range for the gap-up day was very wide, but the real body of the candlestick for that day is a fraction of said range, followed by two bullish spinning tops that have upper wicks just slightly higher above being hanging man candles, indicating investors were becoming uncertain about their price level.

The declines began this week, with a dragonfly doji on Monday, followed by a decline Tuesday that was pumped up to have a higher close than open & Wednesday’s session’s real body indicates further declines on the horizon.

With all of these factors in mind, it becomes even more apparent that having an understanding of their price:volume sentiment is essential in the coming weeks.

The bold prices on the image below denote the moving average levels just listed & the bold entries in the list form of the analysis under the images include other levels of support.

Each corresponding price level using a ratio of Buyers:Sellers (or Sellers:Buyers), NULL values denote that there was not enough data, so the ratio would’ve been 0:0.

Ratios with a 0 for the denominator/constant are denoted with an *, but are reported as is, as we are accounting for volume/sentiment.

Akamai Technologies, Inc. AKAM Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Akamai Technologies, Inc. AKAM Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Akamai Technologies, Inc. AKAM Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Akamai Technologies, Inc. AKAM Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Akamai Technologies, Inc. AKAM Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Akamai Technologies, Inc. AKAM Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Akamai Technologies, Inc. AKAM Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Akamai Technologies, Inc. AKAM Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment

Akamai Technologies, Inc. AKAM Stock’s Volume By Price Level

$124 – NULL – 0:0*; +21.32% From Current Price Level

$122 – NULL – 0:0*; +19.36% From Current Price Level

$120 – Buyers – 2.92:1; +17.41% From Current Price Level

$118 – Sellers – 1.64:1; +15.45% From Current Price Level

$116 – Buyers – 2.53:1; +13.49% From Current Price Level

$114 – Sellers – 1.15:1; +11.54% From Current Price Level

$112 – Buyers – 1.86:1; +9.58% From Current Price Level

$110 – Buyers – 3.08:1; +7.62% From Current Price Level

$108 – Buyers – 2.85:1; +5.66% From Current Price Level

$106 – Sellers – 1.2:0*; +3.71% From Current Price Level

$104 – Sellers – 3:1; +1.75% From Current Price Level

$102 – Sellers – 1.93:1; -0.21% From Current Price Level

$100 – Sellers – 1.4:1; -2.16% From Current Price Level

$99 – Sellers – 1.5:1; -3.14% From Current Price Level

$98 – Buyers – 1.84:1; -4.12% From Current Price Level – 10 Day Moving Average

$97 – Sellers – 1.17:1; -5.1% From Current Price Level

$96 – Buyers – 2.85:1; -6.08% From Current Price Level

$95 – Buyers – 1.36:1; -7.05% From Current Price Level

$94 – Buyers – 3.45:1; -8.03% From Current Price Level

$93 – Buyers – 2.28:1; -9.01% From Current Price Level – 50 Day Moving Average

$92 – Sellers – 1.25:1; -9.99% From Current Price Level

$91 – Sellers – 1.94:1; -10.97% From Current Price Level

$90 – Sellers – 1.6:1; -11.95% From Current Price Level

$89 – Buyers – 1.61:1; -12.92% From Current Price Level

$88 – Buyers – 1.21:1; -13.9% From Current Price Level

$87 – Sellers – 1.32:1; -14.88% From Current Price Level

$86 – Sellers – 2.05:1; -15.86% From Current Price Level – 200 Day Moving Average

$85 – Sellers – 1.02:1; -16.84% From Current Price Level

$84 – Sellers – 1.02:1; -17.82% From Current Price Level

$83 – Buyers – 2.03:1; -18.79% From Current Price Level

$82 – Sellers – 2.3:1; -19.77% From Current Price Level

$81 – Buyers – 2.5:1; -20.75% From Current Price Level

$80 – Sellers – 1.19:1; -21.73% From Current Price Level

$79 – Sellers – 2.43:1; -22.71% From Current Price Level

$78 – Sellers – 2.83:1; -23.69% From Current Price Level

$77 – Sellers – 3.75:1; -24.66% From Current Price Level

$76 – Buyers – 2.33:1; -25.64% From Current Price Level

$75 – Buyers – 3.64:1; -26.62% From Current Price Level

$74 – Sellers – 3:0*; -27.6% From Current Price Level

$73 – Buyers – 5:1; -28.58% From Current Price Level

$72 – Sellers – 1.83:1; -29.56% From Current Price Level

$71 – Buyers – 1.27:1; -30.54% From Current Price Level

$70 – NULL – 0:0*

Tying It All Together

The list & image above paint the picture as to how investors & traders have behaved at various price levels that AKAM has been at over the past one-to-two years.

It is not meant to serve as investment/trading advice, and is simply a way to visualize what investor/trader sentiment has been like at each of the price levels mentioned, as well as what it was at levels of support & resistance that are denoted in the image & list.

As always, do your own due diligence before making investing/trading decisions.

For more on the methodology on how the data was collected & put together, please refer to our original Price:Volume analysis.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN AKAM AT THE TIME OF PUBLISHING THIS ARTICLE ***


Price:Volume Sentiment Analysis For Eli Lilly & Co. LLY Stock

Eli Lilly & Co. stock trades under the ticker LLY & has had a remarkable past year, climbing 84.69% from their 52-week low in September of 2022 (ex-yields).

LLY has continued to climb higher after last week’s large gap up session & continues to establish new 52-week highs, making it an important time to check in & see how market participant sentiment has been at the various price levels they have traded at over the past one-to-two years.

By doing so, it will be easier to visualize what support levels may be stronger than others when LLY’s price corrects & people begin to take their profits down from the table.

The Price:Volume analysis below seeks to display the volume at specific share-price levels from over the past two-to-three years & is intended to serve as a reference point for how investors viewed LLY stock’s value at each level.

It also includes a list of moving averages, as well as support & resistance levels, which will be marked in bold.

Eli Lilly & Co. LLY Stock’s Price:Volume Sentiment Broken Down

Eli Lilly & Co. LLY Stock’s Technical Performance Over The Past Year
Eli Lilly & Co. LLY Stock’s Technical Performance Over The Past Year

Their RSI is overbought following last week’s gap up session & their MACD is signaling very bullish & standing almost vertical.

One note on their RSI, earlier this year LLY traded from early April until almost the end of May with an RSI that was in overbought territory, however this was on steady day-over-day climbing & not due to a large gap up.

Last week’s volumes were 97.1% higher than the average volume for the past year (5,909,900 vs. 2,998,360), a signal of strength & conviction that confirms that 11.43% price gap up & continued strength.

It will be interesting to see what support levels look like by the time that the 10 day moving average comes closer to their share price, as the 10 DMA is currently about halfway through the gap traveling towards the price, while the 50 DMA still has yet to reach the window.

In the event of a correction in price that may pose a problem for market participants if the price is able to break below the 10 day moving average as there will not be support to stop the gap from filling.

Following Tuesday’s gap up, Wednesday continued the climb higher but ended on a spinning top, with Thursday’s inverted hammer sending the share price higher again on Friday & today.

Given everything mentioned above & that a 10% correction from the current price levels puts LLY at ~$484/share with only the 10 day moving average to act as support, it is important to have a breakdown of how they’ve traded at different price levels to see if that can provide clues to market behavior when there are no true support levels nearby.

The bold prices on the image below denote the moving average levels just listed & the bold entries in the list form of the analysis under the images include other levels of support.

Each corresponding price level using a ratio of Buyers:Sellers (or Sellers:Buyers), NULL values denote that there was not enough data, so the ratio would’ve been 0:0.

Ratios with a 0 for the denominator/constant are denoted with an *, but are reported as is, as we are accounting for volume/sentiment.

Eli Lilly & Co. LLY Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Eli Lilly & Co. LLY Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Eli Lilly & Co. LLY Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Eli Lilly & Co. LLY Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Eli Lilly & Co. LLY Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Eli Lilly & Co. LLY Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Eli Lilly & Co. LLY Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Eli Lilly & Co. LLY Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment

Eli Lilly & Co. LLY Stock’s Volume By Price Level

$540 – NULL – 0:0*; +2.22% From Current Price Level

$535 – NULL – 0:0*; +1.27% From Current Price Level

$530 – NULL – 0:0*; +0.33% From Current Price Level

$525 – Buyers – 1.8:0*; -0.62% From Current Price Level

$520 – Buyers – 5:0*; -1.57% From Current Price Level

$515 – NULL – 0:0*; -2.51% From Current Price Level

$510 – NULL – 0:0*; -3.46% From Current Price Level

$505 – NULL – 0:0*; -4.41% From Current Price Level

$500 – NULL – 0:0*; -5.35% From Current Price Level

$496 – NULL – 0:0*; -6.11% From Current Price Level

$492 – NULL – 0:0*; -6.87% From Current Price Level

$488 – NULL – 0:0*; -7.62% From Current Price Level

$484 – NULL – 0:0*; -8.38% From Current Price Level

$480 – NULL – 0:0*; -9.14% From Current Price Level – 10 Day Moving Average

$476 – NULL – 0:0*; -9.9% From Current Price Level

$472 – NULL – 0:0*; -10.65% From Current Price Level

$468 – Sellers – 1.1:0*; -11.41% From Current Price Level

$464 – Buyers – 2.8:0*; -12.17% From Current Price Level

$460 – Sellers – 2:1; -12.92% From Current Price Level

$456 – Buyers – 1.36:1; -13.68% From Current Price Level – 50 Day Moving Average

$452 – Buyer s- 1.31:1; -14.44% From Current Price Level

$448 – Buyers – 3.88:1; -15.2% From Current Price Level

$444 – Buyers – 1.07:1; -15.95% From Current Price Level

$440 – Buyers – 10:1; -16.71% From Current Price Level

$436 – Buyers – 1.48:1; -17.47% From Current Price Level

$432 – Sellers – 1.03:1; -18.23% From Current Price Level

$428 – Buyers – 5.3:0*; -18.98% From Current Price Level

$424 – Sellers – 1.39:1; -19.74% From Current Price Level

$420 – Sellers – 1.5:0*; -20.5% From Current Price Level

$416 – NULL – 0:0*; -21.25% From Current Price Level

$412 – NULL – 0:0*; -22.01% From Current Price Level

$408 – NULL – 0:0*; -22.77% From Current Price Level

$404 – Buyers – 1.3:0*; -23.53% From Current Price Level

$400 – Sellers – 1.2:0*; -24.28% From Current Price Level

$396 – NULL – 0:0*; -25.04% From Current Price Level

$392 – Buyers – 1.8:0*; -25.8% From Current Price Level

$388 – Buyers – 1.7:0*; -26.55% From Current Price Level

$384 – Buyers – 1.2:0*; -27.31% From Current Price Level – 200 Day Moving Average

$380 – Buyers – 1.67:1; -28.07% From Current Price Level

$376 – NULL – 0:0*; -28.83% From Current Price Level

$372 – Buyers – 1.47:1; -29.58% From Current Price Level

$368 – Buyers – 1.43:1; -30.34% From Current Price Level

$364 – Buyers – 2.2:1; -31.1% From Current Price Level

$360 – Buyers – 1.38:1; -31.85% From Current Price Level

$356 – Sellers – 1.08:1; -32.61% From Current Price Level

$352 – Sellers – 1.03:1; -33.37% From Current Price Level

$348 – Sellers – 1.03:1; -34.13% From Current Price Level

$344 – Sellers – 2.04:1; -34.88% From Current Price Level

$340 – Sellers – 1.26:1; -35.64% From Current Price Level

$336 – Buyers – 7.78:1; -36.4% From Current Price Level

$332 – Sellers – 1.43:1; -37.15% From Current Price Level

$328 – Buyers – 1.14:1; -37.91% From Current Price Level

$324 – Buyers – 1.29:1; -38.67% From Current Price Level

$320 – Buyers – 2.15:1; -39.43% From Current Price Level

$316 – Sellers – 1.11:1; -40.18% From Current Price Level

$312 – Sellers – 1.51:1; -40.94% From Current Price Level

$308 – Buyers – 2.5:1; -41.7% From Current Price Level

$304 – Sellers – 1.8:1; -42.45% From Current Price Level

$300 – Sellers – 1.41:1; -43.21% From Current Price Level

$296 – Sellers – 1.6:1; -43.97% From Current Price Level

$292 – Sellers – 1.4:1; -44.73% From Current Price Level

$288 – Buyers – 0.7:0*; -45.48% From Current Price Level

$284 – Sellers – 1.27:1; -46.24% From Current Price Level

$280 – NULL – 0:0*; -47% From Current Price Level

$276 – NULL – 0:0*; -47.75% From Current Price Level

Tying It All Together

The list & image above paint the picture as to how investors & traders have behaved at various price levels that LLY has been at over the past one-to-two years.

It is not meant to serve as investment/trading advice, and is simply a way to visualize what investor/trader sentiment has been like at each of the price levels mentioned, as well as what it was at levels of support & resistance that are denoted in the image & list.

As always, do your own due diligence before making investing/trading decisions.

For more on the methodology on how the data was collected & put together, please refer to our original Price:Volume analysis.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN LLY AT THE TIME OF PUBLISHING THIS ARTICLE ***

Weekly Stock & ETF Market Review 8/13/2023

SPY, the SPDR S&P 500 ETF declined -0.26% last week in a week of steady decline for the S&P 500.

SPY ETF - SPDR S&P 500 ETF's Technical Performance Over The Past Year
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year

Their RSI is just below neutral at 46.57, but their MACD is in bearish decline.

Volumes were -6.86% below average last week compared to the average for the year prior (78,371,800 vs. 84,142,598) as investors waited to learn more from companies’ earnings reports while taking a breather after hitting a 52-week high a couple of weeks ago.

There were 3 spinning top candlesticks last week, signaling indecision by market participants & this week will be interesting to watch how the 10 & 50 day moving average create pressure on prices, with the 10 DMA applying downward pressure, while the 50 DMA continues to apply upward pressure on SPY’s price.

Another key area to watch in the coming weeks is SPY’s support levels, as aside from their 50 day moving average, the closest support level is a -4.68% decline away, making it important to have an idea as to how their price has behaved at various levels in recent history.

SPY has support at the $442.36 (50 Day Moving Average; Volume Sentiment: Buyers, 2.47:1), $424.79 (Volume Sentiment: Sellers, 1.70:1), $415.18 (Volume Sentiment: Buyers, 1.57:1) & $408.33/share (200 Day Moving Average; Volume Sentiment: Buyers, 1.10:1) price levels, with resistance at the $449.68 (10 Day Moving Average; Volume Sentiment: Sellers, 1.3:0*) & $459.44/share (52-Week High; Volume Sentiment: Buyers, 1.09:1) price levels.

SPY ETF's Price:Volume Sentiment Over The Past 1-2 Years
SPY ETF’s Price:Volume Sentiment Over The Past 1-2 Years

QQQ, the Invesco QQQ Trust ETF lost -1.56% last week, settling below their 50 day moving average by Friday’s close.

QQQ ETF - Invesco QQQ ETF's Technical Performance Over The Past Year
QQQ ETF – Invesco QQQ ETF’s Technical Performance Over The Past Year

Their RSI is trending towards oversold & is currently at 41.33, with their MACD is bearish freefall.

Volumes were -5.57% below average last week compared to the year prior’s average (52,578,850 vs. 55,681,019), as market participants sought to take profits after the ascent of spring & early summer.

Monday’s hanging man candlestick set the tone for the rest of the week’s price range for QQQ, which preceded Tuesday’s hanging man candle.

The week ended on a spinning top candle that closed beneath the 10 & 50 day moving averages, meaning that investors are still not convinced that they need to be buying QQQ & that there is going to be further downside pressure being applied by the moving averages in the near-term.

Much like SPY, QQQ also has a bit of space between its current price & its next support level, with currently a -9.34% space with no support from their current price to the next level beneath it, which investors should be conscientious of.

QQQ has support at the $332.05 (Volume Sentiment: Sellers, 4:1), $314.92 (200 Day Moving Average; Volume Sentiment: Sellers, 1.94:1), $312.77 (Volume Sentiment: Sellers, 1.94:1) & $308.88/share (Volume Sentiment: Buyers, 1.32:1) price levels, with resistance at the $368.94 (50 Day Moving Average; Volume Sentiment: Buyers, 9.33:1), $373.66 (10 Day Moving Average; Volume Sentiment: Sellers, 2.9:0*) & $387.98/share (52-Week High; Volume Sentiment: Buyers, 0.7:0*) price levels.

QQQ ETF's Price:Volume Sentiment Over The Past 1-2 Years
QQQ ETF’s Price:Volume Sentiment Over The Past 1-2 Years

IWM, the iShares Russell 2000 ETF declined -1.64% last week, as small cap stocks fared the worst out of the major indexes.

IWM ETF - iShares Russell 2000 ETF's Technical Performance Over The Past Year
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year

Their RSI is trending downward & recently crossed below neutral to 46.48, with their MACD in bearish decline.

Last week’s volume was -14.33% lower than the average volume for the year prior (24,026,883 vs. 28,047,249), which shows hesitancy on the part of market participants & a lack of confidence in IWM.

Monday’s hanging man candlestick began the week’s decline, closing lower than it opened, but opening above Friday’s close.

IWM is going to have support coming from their 50 day moving average while the 10 day moving average is applying downwards pressure against their price in the coming week.

Their chart has less risk of price:support level distance than the other indexes as they have traded much more rangebound over the past year than SPY or QQQ.

IWM has support at the $189.12 (50 Day Moving Average; Volume Sentiment: Buyers, 2.5:1), $187.48 (Volume Sentiment: Buyers, 3.17:1), $186.81 (Volume Sentiment: Buyers, 3.17:1) & $185.44/share (Volume Sentiment: Sellers, 1.14:1) price levels, with resistance at the $194.10 (10 Day Moving Average; Volume Sentiment: Sellers, 2.75:1), $197.98 (Volume Sentiment: Buyers, 2.57:1), $198.74 (Volume Sentiment: Sellers, 1.5:1) & $198.75/share (52-Week High; Volume Sentiment: Sellers, 1.5:1) price levels.

IWM ETF's Price:Volume Sentiment For The Past 1-2 Years
IWM ETF’s Price:Volume Sentiment For The Past 1-2 Years

DIA, the SPDR Dow Jones Industrial Average ETF was the sole index to advance last week, adding +0.67% for the week.

DIA ETF - SPDR Dow Jones Industrial Average ETF's Technical Performance Over The Past Year
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year

Their RSI is trending up towards overbought levels, as investors sought the safety of larger cap stocks & is currently at 57.71, but their MACD is bearish after the consolidation of the past 3-4 weeks.

Last week’s volume was -11.61% lower than the average volume for the year prior (3,216,900 vs. 3,639,508), signaling that investors are beginning to show signs of fatigue & are not as enthusiastic about adding risk to their portfolios at this time vs. in the past.

Last week’s candlesticks all traded in a relatively tight range, and the 10 day moving average is going to begin applying downward pressure to prices this week.

Like IWM, DIA has traded much more in ranges this past year compared to SPY & QQQ, so there will be support levels closer to the price level than for the first two ETFs in this article.

DIA has support at the $345.47 (Volume Sentiment: Buyers, 3.17:1), $344.77 (50 Day Moving Average; Volume Sentiment: Buyers, 3.17:1), $343.68 (Volume Sentiment: Buyers, 1.32:1) & $340.82/share (Volume Sentiment: Buyers, 1.32:1) price levels, with resistance at the $353.10 (10 Day Moving Average; Volume Sentiment: Buyers, 0.2:0*) & $356.70/share (52-Week High; Volume Sentiment: NULL, 0:0*) price levels.

DIA ETF's Price:Volume Sentiment For The Past 2-3 Years
DIA ETF’s Price:Volume Sentiment For The Past 2-3 Years

Energy (ERX), Japan (DXJ), Emerging Market Dividend Stocks (EDIV) & U.S. Cash Cows (COWZ) Are All Bullishly Leading The Market

ERX, the Direxion Daily Energy Bull 2x Shares ETF has gained +29.08% over the past year, adding 58.01% since their 52-week low in September of 2022 (ex-distributions).

ERX ETF - Direxion Daily Energy Bull 2x Shares ETF's Technical Performance Over The Past Year
ERX ETF – Direxion Daily Energy Bull 2x Shares ETF’s Technical Performance Over The Past Year

Their RSI is overbought currently at 73.5, with their MACD still advancing bullishly following the gap up during Wednesday’s session.

Last week’s trading volume was unusually light, coming in at -53.86% below average compared to the year prior (603,380 vs. 1,307,763), which shows reluctance on the part of investors & a more cautious attitude at this price level.

Last week’s chart kicked off with a spinning top, before Tuesday’s session tested the 200 day moving average to the downside & closed higher, before Wednesday’s gap up on a spinning top, followed Thursday by a doji, signaling that there is indeed caution on the part of investors currently.

With a 2.58% distribution yield, there is some cushion for long-term shareholders, however it would be wise to have a hedging strategy in place in the coming weeks for when ERX declines from profit taking after their recent growth.

ERX has support at the $66.45 (Volume Sentiment: Sellers, 1.05:1), $65.40 (Volume Sentiment: Sellers, 1.05:1), $64.53 (Volume Sentiment: Sellers, 1.04:1) & $64.47/share (Volume Sentiment: Sellers, 1.04:1) price levels, with resistance at the $66.74 (Volume Sentiment: Sellers, 1.05:1), $69.03 (Volume Sentiment: Sellers, 1.2:1), $71.16 (Volume Sentiment: Sellers, 1:0*) & $73.40/share (Volume Sentiment: Buyers, 1.8:0*) price levels.

ERX ETF's Price:Volume Sentiment Over The Past 1-2 Years
ERX ETF’s Price:Volume Sentiment Over The Past 1-2 Years

DXJ, the WisdomTree Japan Hedged Equity Fund ETF has advanced +34.21% over the past year, climbing +37.78% since their 52-week low in September of 2022 (ex-distributions).

DXJ ETF - WisdomTree Japan Hedged Equity Fund ETF's Technical Performance Over The Past Year
DXJ ETF – WisdomTree Japan Hedged Equity Fund ETF’s Technical Performance Over The Past Year

Their RSI is trending towards overbought conditions currently at 61.45 (70 = overbought), with their MACD looking relatively flat & like it may bearishly crossover in the coming days.

Last week’s volume was -5.87% below average compared to the year prior (420,240 vs. 446,451), following the days of heavier than average volume of the past two weeks as the price sits near its 52-week high.

Tuesday & Wednesday featured some profit taking by investors, with Thursday’s session resulting in a gap up off of their 10 day moving average.

It is worth noting that Wednesday’s session resulted in a doji, Thursday’s session resulted in a spinning top & Friday’s session also closed as a doji, signaling a high degree of uncertainty & caution among market participants.

DXJ’s 10 day moving average will be a key area to keep an eye on in the coming week to see how it supports the current price levels, as you can begin to see it is rolling over bearishly.

DXJ offers a 3.06% distribution yield for long-term holders which provides some cushion against losses, however a hedging strategy in the near-term would be a wise idea as they sit near their 52-week highs while waiting to see how their support levels hold up.

They have support at the $84.23 (10 Day Moving Average; Volume Sentiment: Buyers, 0.2:0*), $84.09 (Volume Sentiment: Buyers, 0.2:0*), $82.20 (Volume Sentiment: Buyers, 2:1) & $82.12/share (50 Day Moving Average; Volume Sentiment: Buyers, 2:1) price levels, with resistance at the $85.56 (Volume Sentiment: NULL, 0:0*) & $85.60/share (Volume Sentiment: NULL, 0:0*) price levels.

DXJ ETF's Price:Volume Sentiment Over The Past 5-6 Years
DXJ ETF’s Price:Volume Sentiment Over The Past 5-6 Years

EDIV, the SPDR S&P Emerging Market Dividend ETF has notched +19.82% gains over the past year, adding +38.43% from their 52-week low in November of 2022 (ex-distributions).

EDIV ETF - SPDR S&P Emerging Market Dividend ETF's Technical Performance Over The Past Year
EDIV ETF – SPDR S&P Emerging Market Dividend ETF’s Technical Performance Over The Past Year

Their RSI is trending lower & recently just passed through the neutral level after the declines of the past two weeks (currently 46.83), with their MACD in bearish decline.

Volume was +52.39% above average this past week compared to the year prior (50,500 vs. 33,138) as investors were eager to enter back in after some profit taking activity took place near their 52-week high.

Their outlook also looks uncertain in the near-term however, with Monday & Wednesday of last week resulting in hanging man candlesticks, Tuesday being a doji & Thursday & Friday being declining days.

They pay a 3.98% distribution yield for long-term holders, which will provide some cushion against losses, but investors should remain vigilant in the coming week, especially as the 10 & 50 day moving averages move in on either side of the current share price.

EDIV has support at the $29.39 (50 Day Moving Average; Volume Sentiment: Buyers, 1.04:1), $29.28 (Volume Sentiment: Buyers, 1.04:1), $29.07 (Volume Sentiment: Buyers, 1.04:1) & $28.19/share (Volume Sentiment: Sellers, 1.18:1) price levels, with resistance overhead at the $30.26 (10 Day Moving Average; Volume Sentiment: Buyers, 1.47:1) & $32.08/share (52 Week High; Volume Sentiment: Buyers, 1.13:1) price levels.

EDIV ETF's Price:Volume Sentiment Over The Past 12-13 Years
EDIV ETF’s Price:Volume Sentiment Over The Past 12-13 Years

COWZ, the Pacer U.S. Cash Cows 100 ETF has risen +9.71% over the past year, advancing 29.29% from their 52-week low in September of 2022 (ex-distributions).

COWZ ETF - Pacer U.S. Cash Cows 100 ETF's Technical Performance Over The Past Year
COWZ ETF – Pacer U.S. Cash Cows 100 ETF’s Technical Performance Over The Past Year

Their RSI is currently overbought at 72.56 after a strong July, with their MACD bearish but relatively flat.

Last week’s volume was -8.76% below average compared to the year prior (1,595,160 vs. 1,748,296), as investors have become nervous now that the price level is near their 52-week high.

Wednesday’s session resulted in a gravestone doji, which sends a foreboding message into the coming weeks when combined with Thursday’s candle to create a bearish engulfing pattern, which tends to signal further declines are on the horizon.

COWZ pays a 1.83% distribution yield to long-term holders, which does not provide much protection against a downside movement, making it important to have a hedging strategy or to take some profits now while they are at these high levels.

They have support at the $51.08 (10 Day Moving Average; Volume Sentiment: NULL, 0:0*), $50.26 (Volume Sentiment: Buyers, 2.67:1), $49.09 (Volume Sentiment: Buyers, 3.21:1) & $48.86/share (Volume Sentiment: Buyers, 1.12:1) price levels, with resistance at the $52.09/share (52-Week High; Volume Sentiment: NULL, 0;0*) price level.

COWZ ETF's Price:Volume Sentiment Over The Past 4-5 Years
COWZ ETF’s Price:Volume Sentiment Over The Past 4-5 Years

20+ Year Treasuries (UBT), Clean Energy (ACES), China (CNYA) & Gold Miners (GDX) Are All Bearishly Lagging The Market

UBT, the ProShares Ultra 20+ Year Treasury ETF has fallen -33.65% over the past year, losing -36.16% from their 52-week high in August of 2022, but has inched forward +3.77% from their 52-week low in October of 2022 (ex-distributions).

UBT ETF - ProShares Ultra 20+ Year Treasury ETF's Technical Performance Over The Past Year
UBT ETF – ProShares Ultra 20+ Year Treasury ETF’s Technical Performance Over The Past Year

Their RSI is trending towards oversold, with their MACD in bearish decline following the losses they began incurring in mid-July.

Last week’s volumes were -69.35% below average compared to the year prior (33,100 vs. 108,005), as there was limited enthusiasm amongst investors as their share price began to approach their 52-week low.

While Friday’s session ended in an inverted hammer candlestick which is often a signal of an impending bullish reversal, when paired with the low volume it would be best to wait & see how their current support levels & resistance levels hold up before entering into a position.

Pair that with the 2.07% distribution yield that they offer to long-term holders & there is limited upside to entering into a new position here at these levels until they establish a more steady footing.

UBT has support at the $21.15 (Volume Sentiment: Even, 1:1), $21.00 (Volume Sentiment: Even, 1:1) & $20.36/share (52-Week Low; Volume Sentiment: NULL, 0:0*) price levels, with resistance at the $22.13 (10 Day Moving Average; Volume Sentiment: Sellers, 1.18:1), $22.42 (Volume Sentiment: Sellers, 1.18:1), $23.03 (Volume Sentiment: Sellers, 2.25:1) & $23.14/share (Volume Sentiment: Sellers, 2.25:1) price levels.

UBT ETF's Price:Volume Sentiment Over The Past 3-4 Years
UBT ETF’s Price:Volume Sentiment Over The Past 3-4 Years

ACES, the ALPS Clean Energy ETF has declined -35.99% over the past year, shedding -37.21% since their 52-week high in August of 2022, but has rebounded +6.25% from their 52-week low in May of 2023 (ex-distributions).

ACES ETF - ALPS Clean Energy ETF's Technical Performance Over The Past Year
ACES ETF – ALPS Clean Energy ETF’s Technical Performance Over The Past Year

Their RSI is trending toward oversold, with their MACD currently in a bearish decline.

Last week’s volumes were -9.08% below the year prior’s average trading volumes (75,020 vs. 82,509), as investors watched to see how their support levels held up as they moved down towards their 52-week low.

Friday’s dragonfly doji candle gives a glimmer of hope to a near-term reversal, but market participants would be wise to wait to see more concrete evidence of an uptrend before entering into a position.

Their meager 1.18% distribution yield will also not provide much protection against any further moves to the downside, making it essential to have some form of a hedge up for any current or new positions in ACES.

ACES has support at the $42.45 (Volume Sentiment: Sellers, 1.67:1), $42.21 (Volume Sentiment: Sellers, 1.67:1), $42.17 (Volume Sentiment: Sellers, 1.67:1) & $40.14/share (52-Week Low; Volume Sentiment: NULL, 0:0*) price levels, with resistance at the $42.87 (Volume Sentiment: Sellers, 1.67:1), $43.30 (Volume Sentiment: Sellers, 1.21:1), $43.72 (Volume Sentiment: Sellers, 1.21:1) & $44.50/share (Volume Sentiment: Buyers, 1.36:1) price levels.

ACES ETF's Price:Volume Sentiment Over The Past 2-3 Years
ACES ETF’s Price:Volume Sentiment Over The Past 2-3 Years

CNYA, the iShares MSCI China ETF has lost -14.55% over the past year, declining -17.62% from their 52-week high in August of 2022, while recovering +6.36% from their 52-week low in October of 2022 (ex-distributions).

CNYA ETF - iShares MSCI China ETF's Technical Performance Over The Past Year
CNYA ETF – iShares MSCI China ETF’s Technical Performance Over The Past Year

Their RSI is trending towards oversold & their MACD is in bearish decline after Friday’s -3.09% gap down session.

Last week’s volume was -49.25% below the year prior’s average volume (60,680 vs. 119,572) signaling that there is uncertainty among market participants at the current price levels.

The inability of their moving averages to hold up as support levels further confirms that, as from Monday’s session onward they continued to sink beneath the 10 day moving average & then the 50 DMA as well.

Wednesday’s hanging man candlestick & Thursday’s shooting star that was held underneath the 10 day moving average predicted the sharp decline seen Friday & investors should remain weary of this name until they’ve established more solid footing beneath them.

While they do offer a 2.83% distribution yield for long-term holders, that is limited protection against further declines.

CNYA has support at the $29.18 (Volume Sentiment: Buyers, 1.1:1), $29.15 (Volume Sentiment: Buyers, 1.1:1), $28.88 (Volume Sentiment: Sellers, 1.5:1) & $28.84/share (Volume Sentiment: Sellers, 1.5:1) price levels, with resistance at the $29.62 (Volume Sentiment: Buyers, 1.1:1), $29.85 (50 Day Moving Average; Volume Sentiment: Buyers, 1.1:1), $30.14 (Volume Sentiment: Sellers, 1.3:1) & $30.19/share (Volume Sentiment: Sellers, 1.3:1) price levels.

CNYA ETF's Price:Volume Sentiment Over The Past 5-6 Years
CNYA ETF’s Price:Volume Sentiment Over The Past 5-6 Years

GDX, the VanEck Vectors Gold Miners ETF has advanced +12.5% over the past year, but has fallen -18.75% from their 52-week high in May of 2023, while recovering +36.9% from their 52-week low in September of 2022 (ex-distributions).

GDX ETF - VanEck Vectors Gold Miners ETF's Technical Performance Over The Past Year
GDX ETF – VanEck Vectors Gold Miners ETF’s Technical Performance Over The Past Year

Their RSI is trending back up towards neutral at 42.3, with their MACD trending back towards a bullish crossover.

Last week’s volume was -46.07% below the year prior’s average (12,724,480 vs. 23,594,986) signaling hesitance among investors.

Tuesday’s spinning top & Wednesday’s doji also support this sentiment, as investors do not seem confident in GDX’s current price level at this time.

They offer a 1.62% distribution yield for long-term holders, which does not provide much protection against downside moves.

GDX has support at the $28.91 (Volume Sentiment: Buyers, 1.37:1), $28.67 (Volume Sentiment: Buyers, 1.37:1), $28.41 (Volume Sentiment: Buyers, 1.37:1) & $28.02/share (Volume Sentiment: Buyers, 1.37:1) price levels, with resistance at the $29.59 (10 Day Moving Average; Volume Sentiment: Sellers, 1.03:1), $29.77 (Volume Sentiment: Sellers, 1.03:1), $29.95 (Volume Sentiment: Sellers, 1.03:1) & $29.99/share (Volume Sentiment: Sellers, 1.03:1) price levels.

GDX ETF's Price:Volume Sentiment Over The Past 6-7 Years
GDX ETF’s Price:Volume Sentiment Over The Past 6-7 Years

Tying It All Together

Next week is quiet on the data reports front on Monday, with Tuesday featuring U.S. Retail Sales, Retail Sales Minus Autos, Import Price Index, Import Price Index Minus Fuel & the Empire State Manufacturing Survey at 8:30 am, followed by Business Inventories data at 10 am.

Monday’s earnings reports include Alcon, Heron Therapeutics, JinkoSolar & Monday.com.

Home Depot is scheduled to report earnings on Tuesday, as are Agilent, Cardinal Health, CAVA Group, Coherent, H & R Block, HUYA, IHS Holding, On, Sea Limited & Tencent Music.

Wednesday kicks off with Housing Starts at 8:30 am, followed by Industrial Production & Capacity Utilization at 9:15 am & the FOMC Minutes of July’s Meeting at 2 pm.

Cisco Systems reports earnings on Wednesday, as does 3D Systems, Alarm.com, AppLovin, Ballard Power, Clean Energy Fuels, Coeur Mining, Enersys, Genpact, GoodRX, Illumina, Infinera, Jack in the Box, Jazz Pharma, Lions Gate Entertainment, LL Flooring Holdings, Manulife Financial, Nomad Foods, ODP Corp., OGE Energy, Pan Am Silver, PENN Entertainment, Plug Power, Reynolds Consumer Products, Roblox, Statasys, Taboola, The Beauty Health Company, The Trade Desk, Valvoline, Vertex, Warby Parker, Wendy’s & Wynn Resorts.

Thursday features Initial Jobless Claims & the Philadelphia Fed Manufacturing Survey at 8:30 am, followed by the U.S. Leading Economic Indicators at 10 am.

Walmart headlines the earnings reports for Thursday, as well as Applied Materials, Bilibili, Dole, Farfetch, Keysight Technologies, Lumentum, Ross Stores & Tapestry.

Friday has no economic data being released, with earnings reports scheduled to come from Buckle, Deere, Estee Lauder, Palo Alto Networks & VIPShop.

See you back here next week!

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM, DIA, ERX, DXJ, EDIV, COWZ, UBT, ACES, CNYA or GDX AT THE TIME OF PUBLISHING THIS ARTICLE ***

Price:Volume Sentiment Analysis For Booking Holdings Inc. BKNG Stock

Booking Holdings Inc. stock trades under the ticker BKNG & has steadily climbed +100.73% from their 52-week low in October of 2022.

Yesterday they closed at their 52-week high of $3,245.55/share & their oscillators are signaling that there is going to be an impending cool-down, which makes it imperative for market participants to have an understanding of how buyers & sellers behaved at different price points in recent history.

The Price:Volume analysis below seeks to display the volume at specific share-price levels from over the past two-to-three years & is intended to serve as a reference point for how investors viewed BKNG stock’s value at each level.

It also includes a list of moving averages, as well as support & resistance levels, which will be marked in bold.

Booking Holdings Inc. BKNG Stock’s Price:Volume Sentiment Broken Down

Booking Holdings Inc. BKNG Stock’s Technical Performance Over The Past Year
Booking Holdings Inc. BKNG Stock’s Technical Performance Over The Past Year

Their RSI is overbought at 73.22, with a bullish MACD following Friday’s gap up session.

Trading volumes over the past week (ex-today) have been +59.73% higher than the average volumes that they have traded at over the past year (546,160 vs. 341,934).

The largest concentration of the past week’s volume came on Friday’s gap up, followed by Thursday’s gap down that Friday’s session recovered from, with Monday’s bullish session having the third highest volume.

With that in mind, market participants should beware of near-term profit taking & be prepared for its impact on BKNG’s price, especially as yesterday’s session reached a 52-week high for the stock.

Last week featured two spinning top candlesticks during BKNG’s decline, with Friday’s candlestick resembling a hanging man, but its body is too long, which indicates a wide day’s trading range, as well as a wide spread between the open & close.

Investors should also note that on Friday, they gapped up, retraced much of the movement & still closed below where they opened for the day’s session, which indicates that there is still uncertainty about their proper valuation & investors are becoming nervous.

As BKNG is near its 52-week high, it is important to understand how market participants have behaved at the various price levels that they’ve traded at over the past 1-2 years, in order to better understand how support levels will hold up for them in the future.

The bold prices on the image below denote the moving average levels just listed & the bold entries in the list form of the analysis under the images include other levels of support.

Each corresponding price level using a ratio of Buyers:Sellers (or Sellers:Buyers), NULL values denote that there was not enough data, so the ratio would’ve been 0:0.

Ratios with a 0 for the denominator/constant are denoted with an *, but are reported as is, as we are accounting for volume/sentiment.

Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Booking Holdings Inc. BKNG Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment

Booking Holdings Inc. BKNG Stock’s Volume By Price Level

$3,250 – NULL – 0:0*, +0.14% From Current Price Level

$3,200 – NULL – 0:0*, -1.4% From Current Price Level

$3,150 – NULL – 0:0*, -2.94% From Current Price Level

$3,100 – NULL – 0:0*, -4.48% From Current Price Level

$3,050 – NULL – 0:0*, -6.03% From Current Price Level

$3,000 – Buyers – 2:0*, -7.57% From Current Price Level

$2,950 – Sellers – 1.11:1, -9.11% From Current Price Level – 10 Day Moving Average

$2,900 – Buyers – 1.4:1, -10.65% From Current Price Level

$2,850 – Sellers – 2.5:1, -12.19% From Current Price Level

$2,800 – Sellers – 1.83:1, -13.73% From Current Price Level

$2,750 – Buyers – 3.4:1, -15.27% From Current Price Level – 50 Day Moving Average

$2,700 – Buyers – 3.2:0*, -16.81% From Current Price Level

$2,650 – Buyers – 1.9:1, -18.35% From Current Price Level

$2,600 – Sellers – 1.58:1, -19.89% From Current Price Level

$2,550 – Sellers – 1.9:1, -21.43% From Current Price Level

$2,500 – Sellers – 1.46:1, -22.97% From Current Price Level

$2,490 – Sellers – 1.57:1, -23.28% From Current Price Level

$2,480 – Buyers – 1.14:1, -23.59% From Current Price Level

$2,470 – Buyers – 2.2:0*, -23.9% From Current Price Level

$2,460 – Buyers – 2:1, -24.2% From Current Price Level

$2,450 – Buyers – 2.1:0*, -24.51% From Current Price Level

$2,440 – Buyers – 2.1:0*, -24.82% From Current Price Level

$2,430 – Sellers – 1.06:1, -25.13% From Current Price Level

$2,420 – Sellers – 1.78:1, -25.44% From Current Price Level – 200 Day Moving Average

$2,410 – Sellers – 0.8:0*, -25.74% From Current Price Level

$2,400 – Buyers – 1:0*, -26.05% From Current Price Level

$2,390 – Sellers – 0.6:0*, -26.36% From Current Price Level

$2,380 – NULL – 0:0*, -26.67% From Current Price Level

$2,370 – NULL – 0:0*, -26.98% From Current Price Level

$2,360 – NULL – 0:0*. -27.29% From Current Price Level

$2,350 – NULL – 0:0*, -27.59% From Current Price Level

$2,340 – Sellers – 1.5:1, -27.9% From Current Price Level

$2,330 – Buyers – 0.7:0*, -28.21% From Current Price Level

$2,320 – NULL – 0:0*, -28.52% From Current Price Level

$2,310 – Buyers – 0.6:0*, -28.83% From Current Price Level

$2,300 – Buyers – 0.6:0*, -29.13% From Current Price Level

$2,290 – Sellers – 0.6:0*, -29.44% From Current Price Level

$2,280 – NULL – 0:0*, -29.75% From Current Price Level

$2,270 – NULL – 0:0*, -30.06% From Current Price Level

$2,260 – NULL – 0:0*, -30.37% From Current Price Level

$2,250 – Buyers – 0.6:0*, -30.67% From Current Price Level

$2,240 – NULL – 0:0*, -30.98% From Current Price Level

$2,230 – NULL – 0:0*, -31.29% From Current Price Level

$2,220 – Buyers – 1:0*, -31.6% From Current Price Level

$2,210 – NULL – 0:0*, -31.91% From Current Price Level

$2,200 – Buyers – 0.6:0*, -32.21% From Current Price Level

$2,190 – NULL – 0:0*, -32.52% From Current Price Level

$2,180 – NULL – 0:0*, -32.83% From Current Price Level

$2,170 – Buyers – 0.7:0*, -33.14% From Current Price Level

$2,160 – NULL – 0:0*, -33.45% From Current Price Level

$2,150 – NULL – 0:0*, -33.76% From Current Price Level

$2,140 – Buyers – 0.8:0*, -34.06% From Current Price Level

$2,130 – NULL – 0:0*, -34.37% From Current Price Level

$2,120 – NULL – 0:0*, -34.68% From Current Price Level

$2,110 – Buyers – 0.7:0*, -34.99% From Current Price Level

$2,100 – NULL – 0:0*, -35.3% From Current Price Level

$2,090 – NULL – 0:0*, -35.6% From Current Price Level

$2,080 – Buyers – 1.1:0*, -35.91% From Current Price Level

$2,070 – Buyers – 0.9:0*, -36.22% From Current Price Level

$2,060 – Sellers – 0.6:0*, 36.53% From Current Price Level

$2.050 – Sellers – 0.6:0*, -36.84% From Current Price Level

$2,040 – Sellers – 1.2:0*, -37.14% From Current Price Level

$2,030 – Buyers – 0.4:0*, -37.45% From Current Price Level

$2,020 – NULL – 0:0*, -37.76% From Current Price Level

$2,010 – Buyers – 3:0*, -38.07% From Current Price Level

$2,000 – Buyers – 1.57:1, -38.38% From Current Price Level

$1,990 – Buyers – 0.3:0*, -38.69% From Current Price Level

$1,980 – Buyers – 1:0*, -38.99% From Current Price Level

$1,970 – Buyers – 1.6:1, -39.3% From Current Price Level

$1,960 – Sellers – 1.5:1, -39.61% From Current Price Level

$1,950 – Sellers – 3:1, -39.92% From Current Price Level

$1,940 – Sellers – 1.07:1, -40.23% From Current Price Level

$1,930 – Sellers – 2.3:0*, -40.53% From Current Price Level

$1,920 – NULL – 0:0*, -40.84% From Current Price Level

$1,910 – Sellers – 0.5:0*, -41.15% From Current Price Level

$1,900 – NULL – 0:0*, -41.46% From Current Price Level

$1,890 – NULL – 0:0*, -41.77% From Current Price Level

$1,880 – NULL – 0:0*, -42.07% From Current Price Level

$1,870 – NULL – 0:0*, -42.38% From Current Price Level

$1,860 – Buyers – 0.7:0, -42.69% From Current Price Level

$1,850 – NULL – 0:0*, -43% From Current Price Level

$1,840 – NULL – 0:0*, -43.31% From Current Price Level

$1,830 – NULL – 0:0*, -43.62% From Current Price Level

Tying It All Together

The list & image above paint the picture as to how investors & traders have behaved at various price levels that BKNG has been at over the past one-to-two years.

It is not meant to serve as investment/trading advice, and is simply a way to visualize what investor/trader sentiment has been like at each of the price levels mentioned, as well as what it was at levels of support & resistance that are denoted in the image & list.

As always, do your own due diligence before making investing/trading decisions.

For more on the methodology on how the data was collected & put together, please refer to our original Price:Volume analysis.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN BKNG AT THE TIME OF PUBLISHING THIS ARTICLE ***

Price:Volume Sentiment Analysis For Carrier Global Corp. CARR Stock

Carrier Global Corp. stock trades under the ticker CARR & has had a strong past few months following a five month consolidation range that they traded in to kick off 2023.

Strength in the homebuilding & construction industries this year has helped to drive strength to CARR stock’s results in 2023.

They’ve just come off of a 52-week high that was achieved on 8/1, with their technical indicators & oscillators signaling that there is a cool-off period coming in the near-term, which makes it important to have an understanding of how the buyers & sellers have behaved at different price levels in recent history.

The Price:Volume analysis below seeks to display the volume at specific share-price levels from over the past two-to-three years & is intended to serve as a reference point for how investors viewed CARR stock’s value at each level.

It also includes a list of moving averages, as well as support & resistance levels, which will be marked in bold.

Carrier Global Corp. CARR Stock’s Price:Volume Sentiment Broken Down

Carrier Global Corp. CARR Stock’s Technical Performance Over The Past Year
Carrier Global Corp. CARR Stock’s Technical Performance Over The Past Year

As noted above, CARR reached their 52-week high about one week ago & has begun to consolidate ever since.

At the time of taking the screenshot above (9:52 am on 8/7/2023), their share price was being supported by their 10 day moving average, but is hovering 0.17% above the support level.

Their RSI has just declined from oversold territory, but is still close to the oversold level, currently at 66.5 & their MACD has just bearishly crossed over last week.

Trading volumes over the past week (ex-today’s) are 14% higher than the average volumes for the past year (5,481,540 vs. 4,803,044), as investors were eager to take profits after a strong run that was capped off by a gap up on July 28,2023.

The session where they claimed their 52-week high closed in a spinning top candlestick, which is a sign of uncertainty among market participants & foretold the performance that we have seen over the past week.

Further weakness has been signaled by the hanging men candlesticks on 8/2 & 8/4, and while today’s session isn’t halfway over, the current chart is signaling that today’s session will close in a bearish harami pattern, which indicates further trouble on the horizon.

Support levels near their current price over the past year are scarce for CARR, who has spent much of this year relatively rangebound, which occurred on very light volume compared to other recent sessions, which investors could infer the coming weakness from.

The nearest support beyond the 10 day moving average is currently the 50 day moving average, which is -13.05% below the current price at $50.10.

With so much space without stable footing, it is important to be able to understand how investors have behaved at each price level that they have traded at in recent history in order to understand where they may find footing for support, or how far they can potentially fall.

The volume data covers the past 2-3 years, so the chart below has been added to help visualize how the price has moved over that time period.

Carrier Global Corp. CARR Stock’s Technical Performance Over The Past 2-3 Years
Carrier Global Corp. CARR Stock’s Technical Performance Over The Past 2-3 Years

The bold prices on the image below denote the moving average levels just listed & the bold entries in the list form of the analysis under the images include other levels of support.

Each corresponding price level using a ratio of Buyers:Sellers (or Sellers:Buyers), NULL values denote that there was not enough data, so the ratio would’ve been 0:0.

Ratios with a 0 for the denominator/constant are denoted with an *, but are reported as is, as we are accounting for volume/sentiment.

Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment
Carrier Global Corp. CARR Stock’s Support & Resistance Levels Over The Past 2-3 Years With Price:Volume Level Sentiment

Carrier Global Corp. CARR Stock’s Volume By Price Level

$61 – NULL – 0:0*, +5.87% From Current Price Level

$60 – NULL – 0:0*, +4.13% From Current Price Level

$59 – Buyers – 0.7:0*, +2.4% From Current Price Level

$58 – Even – 1:1, +0.66% From Current Price Level

$57 – Sellers – 0.5:0*, -1.08% From Current Price Level – 10 Day Moving Average

$56 – Buyers – 7.5:1, -2.81% From Current Price Level

$55 – Buyers – 1.46:1, -4.55% From Current Price Level

$54 – Buyers – 1.6:1, -6.28% From Current Price Level

$53 – Buyers – 1.05:1, -8.02% From Current Price Level

$52 – Even – 1:1, -9.75% From Current Price Level

$51 – Buyers – 3.17:1, -11.49% From Current Price Level

$50 – Sellers – 3.08:1, -13.22% From Current Price Level – 50 Day Moving Average

$49 – Buyers – 1.06:1, -14.96% From Current Price Level

$48 – Buyers – 3:1, -16.7% From Current Price Level

$47 – Buyers – 1.64:1, -18.43% From Current Price Level

$46 – Buyers – 1.47:1, -20.17% From Current Price Level

$45 – Buyers – 1.93:1, -21.9% From Current Price Level

$44 – Buyers – 1.22:1, -23.64% From Current Price Level – 200 Day Moving Average

$43 – Buyers – 1.45:1. -25.37% From Current Price Level

$42 – Sellers – 1.1:1, -27.11% From Current Price Level

$41 – Sellers – 1.01:1, -28.84% From Current Price Level

$40 – Sellers – 1.62:1, -30.58% From Current Price Level

$39 – Buyers – 1.34:1. -32.32% From Current Price Level

$38 – Sellers – 1.82:1, -34.05% From Current Price Level

$37 – Buyers – 1.07:1, -35.79% From Current Price Level

$36 – Buyers – 1.3:1, -37.52% From Current Price Level

$35 – Sellers – 1.31:1, -39.26% From Current Price Level

$34 – Sellers – 2.25:1, -40.99% From Current Price Level

$33 – Sellers – 2.38:1, -42.73% From Current Price Level

$32 – Buyers – 1.09:1, -44.46% From Current Price Level

$31 – Even – 1:1, -46.2% From Current Price Level

$30 – Buyers – 4:1, -47.93% From Current Price Level

$29 – Buyers – 6.43:1, -49.67% From Current Price Level

$28 – Buyers – 1.3:1, -51.41% From Current Price Level

$27 – Sellers – 2.8:1, -53.14% From Current Price Level

$26 – Buyers – 2.8:0*, -54.88% From Current Price Level

$25 – Sellers – 2.25:1, -56.61% From Current Price Level

$24 – Buyers – 0.5:0*, -58.35% From Current Price Level

$23 – Buyers – 1.82:1, -60.08% From Current Price Level

$22 – Sellers – 1.17:1, -61.82% From Current Price Level

$21 – Buyers – 4.36:1, -63.55% From Current Price Level

$20 – Sellers – 2.05:1, -65.29% From Current Price Level

$19.50 – Buyers – 2.3:0*, -66.16% From Current Price Level

$19 – Buyers – 0.6:0*, -67.03% From Current Price Level

$18.50 – Buyers – 2:1, -67.89% From Current Price Level

$18 – Sellers – 3:1, -68.76% From Current Price Level

$17.50 – Buyers – 3:1, -69.63% From Current Price Level

$17 – Sellers – 0.5:0*, -70.5% From Current Price Level

$16.50 – Buyers – 1:0*, -71.36% From Current Price Level

$16 – NULL – 0:0*, -72.23% From Current Price Level

$15.50 – Buyers – 1.93:1, -73.1% From Current Price Level

$15 – Sellers – 1.1:0*, -73.97% From Current Price Level

$14.50 – NULL – 0:0*, -74.84% From Current Price Level

$14 – NULL – 0:0*, -75.7% From Current Price Level

$13.50 – NULL – 0:0*, -76.57% From Current Price Level

$13 – NULL – 0:0*, -77.44% From Current Price Level

$12.50 – NULL – 0:0*, -78.31% From Current Price Level

$12 – NULL – 0:0*, -79.17% From Current Price Level

Tying It All Together

The list & image above paint the picture as to how investors & traders have behaved at various price levels that CARR has been at over the past two-to-three years.

It is not meant to serve as investment/trading advice, and is simply a way to visualize what investor/trader sentiment has been like at each of the price levels mentioned, as well as what it was at levels of support & resistance that are denoted in the image & list.

As always, do your own due diligence before making investing/trading decisions.

For more on the methodology on how the data was collected & put together, please refer to our original Price:Volume analysis.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN CARR AT THE TIME OF PUBLISHING THIS ARTICLE ***

Price:Volume Sentiment Level Analysis For Meta Platforms, Inc. META Stock

Meta Platforms, Inc. stock trades under the ticker META & has steadily climbed from their 52-week low in November of 2022 to reach their 52-week high last week.

A gap up in February & one in April of 2023 have provided much of the catalyst that has fueled this ascent.

Given that they are now just beneath a 52-week high, it is time to begin looking to see how strong their support levels are in order to get an idea as to how far they might fall in the event of a correction.

The Price:Volume analysis below seeks to display the volume at specific share-price levels from over the past one-to-two years & is intended to serve as a reference point for how investors viewed META stock’s value at each level.

It also includes a list of moving averages, as well as support & resistance levels, which will be marked in bold.

Meta Platforms, Inc. META Stock’s Price:Volume Sentiment Broken Down

Meta Platforms, Inc. META Stock's Technical Performance Over The Past Year
Meta Platforms, Inc. META Stock’s Technical Performance Over The Past Year

Their RSI is neutral at 49.74, with a bearish MACD after declining the past three days from their 52-week high.

Investors have begun to get skittish, with average trading volumes falling -17.83% over the past week (26,448,950 vs. 32,188,510), indicating indecisiveness on the part of market participants.

Last Thursday’s session saw the breakdown of the 10 day moving average as a support level, with the share price breaking through the 20 day moving average on Friday.

Yesterday’s spinning top candlestick indicates that there is further uncertainty in the near-term, as they approach the next two support levels, $276.57 (-5.16%) & $276.02 (50 Day Moving Average, -5.35%), making it important to understand how market participants have behaved at other price levels in recent history.

The volume data covers the past 1-2 years, so the chart below has been added to help visualize how the price has moved over that time period.

Meta Platforms, Inc. META Stock's Technical Performance Over The Past 1-2 Years
Meta Platforms, Inc. META Stock’s Technical Performance Over The Past 1-2 Years

The bold prices on the image below denote the moving average levels just listed & the bold entries in the list form of the analysis under the images include other levels of support.

Each corresponding price level using a ratio of Buyers:Sellers (or Sellers:Buyers), NULL values denote that there was not enough data, so the ratio would’ve been 0:0.

Ratios with a 0 for the denominator/constant are denoted with an *, but are reported as is, as we are accounting for volume/sentiment.

Meta Platforms, Inc. META Stock's Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Meta Platforms, Inc. META Stock’s Support & Resistance Levels Over The Past 1-2 Years With Price:Volume Level Sentiment
Meta Platforms, Inc. META Stock's Price:Volume Level Sentiment Over The Past 1-2 years
Meta Platforms, Inc. META Stock’s Price:Volume Level Sentiment Over The Past 1-2 years
Meta Platforms, Inc. META Stock's Price:Volume Level Sentiment Over The Past 1-2 years
Meta Platforms, Inc. META Stock’s Price:Volume Level Sentiment Over The Past 1-2 years
Meta Platforms, Inc. META Stock's Price:Volume Level Sentiment Over The Past 1-2 years
Meta Platforms, Inc. META Stock’s Price:Volume Level Sentiment Over The Past 1-2 years

Meta Platforms, Inc. META Stock’s Volume By Price Level

$320 – NULL – 0:0*, +9.74% From Current Price

$316 – Buyers – 1.1:0*, +8.36% From Current Price (52-Week High)

$312 – Buyers – 2.6:0*, +76.99% From Current Price

$308 – Buyers – 2.82:1, +5.62% From Current Price (2 Year Chart)

$304 – NULL – 0:0*, +4.25% From Current Price – 10 Day Moving Average

$300 – Sellers – 1.2:0*, +2.88% From Current Price

$296 – Buyers – 2.3:0*,+1.51% From Current Price (2 Year Chart)

$292 – Buyers – 3.6:0*, +0.13% From Current Price

$288 – Sellers – 1.42:1, -1.24% From Current Price

$284 – Buyers – 1.91:1, -2.61% From Current Price

$280 – Sellers – 3.25:1, -3.98% From Current Price

$276 – Sellers – 1.2:0*, -5.35% From Current Price

$272 – Buyers – 3.2:0*, -6.72% From Current Price

$268 – Sellers – 1.12:1, -8.1% From Current Price

$264 – Buyers – 3.2:0*, -9.47% From Current Price

$260 – Buyers – 1.92:1, -10.84% From Current Price

$256 – NULL – 0:0*, -12.21% From Current Price

$252 – Buyers – 1.2:0*, -13.58% From Current Price

$248 – Buyers – 2.2:0*, -14.95% From Current Price

$244 – Sellers – 1.58:1, -16.33% From Current Price

$240 – Buyers – 4.6:0*, -17.7% From Current Price

$236 – Buyers – 1.31:1, -19.07% From Current Price

$232 – Sellers – 1.48:1, -20.44% From Current Price

$228 – NULL – 0:0*, -21.81% From Current Price

$224 – NULL – 0:0*, -23.19% From Current Price

$220 – Buyers – 2.2:0*, -24.56% From Current Price

$216 – Sellers – 1.08:1, -25.93% From Current Price

$212 – Sellers – 1.6:1, -27.3% From Current Price

$208 – Buyers – 3.67:1, -28.67% From Current Price

$204 – Buyers – 7.3:1, -30.04% From Current Price

$200 – Sellers – 1.06:1, -31.42% From Current Price

$198 – Sellers – 1.4:0*, -32.1% From Current Price

$196 – Buyers – 3.3:0*, -32.79% From Current Price

$194 – Sellers – 1.14:1. -33.47% From Current Price

$192 – NULL – 0:0*, -34.16% From Current Price

$188 – Buyers – 7.6:0*, -34.84% From Current Price

$186 – Sellers – 6:0*, -35.53% From Current Price

$184 – Sellers – 1.13:1, -36.22% From Current Price

$182 – Sellers – 1.9:0*, -36.9% From Current Price

$180 – Buyers – 2.58:1, -37.59% From Current Price

$178 – Buyers – 1.68:1, -38.27% From Current Price

$176 – Sellers – 4.2:0*, -39.65% From Current Price

$174 – Sellers – 1.13:1, -40.33% From Current Price

$172 – Sellers – 1.86:1, -41.02% From Current Price

$170 – Sellers – 2.1:0*, -41.7% From Current Price

$168 – NULL – 0:0*, -42.39% From Current Price

$166 – Sellers – 1.3:0*, -43.07% From Current Price

$164 – Buyers – 1.5:0*, -43.76% From Current Price

$162 – Buyers – 4.2:1, -44.45% From Current Price

$160 – Sellers – 3:1, -45.13% From Current Price

$158 – Sellers – 2:0*, -45.82% From Current Price

$156 – Sellers – 1:0*, -46.5% From Current Price

$154 – NULL – 0:0*, -47.19% From Current Price

$152 – Buyers – 1.27:1, -47.88% From Current Price

$150 – Sellers – 1.11:1, -48.56% From Current Price

$148 – Buyers – 1.63:1, -49.25% From Current Price

$146 – Sellers – 3.92:1, -49.93% From Current Price

$144 – NULL – 0:0*, -50.62% From Current Price

$142 – Buyers – 1.03:1, -51.3% From Current Price

$140 – Buyers – 1.14:1, -51.99% From Current Price

$138 – Buyers – 3.62:1, -52.68% From Current Price

$136 – Buyers – 1.71:1, -53.36% From Current Price

$134 – Sellers – 2.8:1, -54.05% From Current Price

$132 – Sellers – 1.27:1, -54.73% From Current Price

$130 – Sellers – 1.19:1, -55.42% From Current Price

$128 – Sellers – 11:0*, -56.11% From Current Price

$126 – Sellers – 2.47:1, -56.79% From Current Price

$124 – Buyers – 1.9:0*, -57.48% From Current Price

$122 – Buyers – 1.11:1, -58.16% From Current Price

$120 – Buyers – 8:0*, -58.85% From Current Price

$118 – Buyers – 7.3:0*, -59.53% From Current Price

$116 – Buyers – 1.03:1, -60.22% From Current Price

$114 – Sellers- 1.02:1, -60.91% From Current Price

$112 – Buyers – 1.93:1, -61.59% From Current Price

$110 – Buyers – 2.43:1, -62.28% From Current Price

$108 – Sellers – 1.83:1, -62.96% From Current Price

$106 – NULL – 0:0*, -63.65% From Current Price

$104 – NULL – 0:0*, -64.34% From Current Price

$102 – NULL – 0:0*, -65.02% From Current Price

$100 – Buyers – 5.3:0*, -65.71% From Current Price

$99 – Buyers – 4.9:0*, -66.05% From Current Price

$98 – NULL – 0:0*, -66.39% From Current Price

$97 – Sellers – 11.7:0*, -66.74% From Current Price

$96 – Buyers – 1.52:1, -67.08% From Current Price

$95 – Buyers – 5.6:0*, -67.42% From Current Price

$94 – NULL – 0:0*, -67.77% From Current Price

$93 – Sellers – 6.1:0*, -68.11% From Current Price

$92 – NULL – 0:0*. -68.45% From Current Price

$91 – NULL – 0:0*, -68.79% From Current Price

$90 – Sellers – 1.25:1, -69.14% From Current Price

$89 – Sellers – 3:0*, -69.48% From Current Price

$88 – NULL – 0:0*, -69.82% From Current Price

Tying It All Together

The list & image above paint the picture as to how investors & traders have behaved at various price levels that META has been at over the past one-to-two years.

It is not meant to serve as investment/trading advice, and is simply a way to visualize what investor/trader sentiment has been like at each of the price levels mentioned, as well as what it was at levels of support & resistance that are denoted in the image & list.

As always, do your own due diligence before making investing/trading decisions.

For more on the methodology on how the data was collected & put together, please refer to our original Price:Volume analysis.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN META AT THE TIME OF PUBLISHING THIS ARTICLE ***

Weekly Stock & ETF Market Review 7/23/2023

SPY, the SPDR S&P 500 ETF nudged forward +0.65% this past week, as earnings reports began coming in & in a week with limited economic data reported.

SPY ETF - SPDR S&P 500 ETF's Technical Performance Over The Past Year
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year

Their RSI ducked just inside of being in overbought territory & currently sits at 68.82, but their MACD is signaling a bearish crossover is going to occur in the coming days.

Last week’s average trading volumes were -17.96% below average compared to the year prior (68,485,850 vs. 83,473,641), as investors really didn’t have much conviction one way or the other & are awaiting more earnings reports, as well as the economic data & Federal Reserve Interest Rate announcement that are due this upcoming week.

The 10 day moving average will be interesting to watch this week, as it is the first level of support that SPY will test & all of its support levels are relatively spread out from one another, which will make for an interesting week if they decline as there is not much stable footing nearby below them.

For a list of price levels & their associated volume sentiments refer to the table below.

SPY has support at the $449.16 (10 Day Moving Average; Volume Sentiment: Sellers, 1.3:0*), $431.06 (50 Day Moving Average; Volume Sentiment: Sellers, 1.10:1), $424.79 (Volume Sentiment: Sellers, 1.7:1) & $415.18/share (Volume Sentiment: Buyers, 1.57:1) price levels, with resistance at the $452.69 (Volume Sentiment: Sellers, 1.2:1), $456.43 (Volume Sentiment: Buyers, 1.09:1), $460.87 (Volume Sentiment: Sellers, 2:1) & $468.78/share (Volume Sentiment: NULL, 0:0*) price levels.

SPY ETF's Price:Volume Level Sentiment For The Past 1-2 Years
SPY ETF’s Price:Volume Level Sentiment For The Past 1-2 Years

QQQ, the Invesco QQQ Trust ETF declined -0.91% over the past week, signaling the first weakness of the indexes as it was the only one to decline.

QQQ ETF - Invesco QQQ Trust ETF's Technical Performance Over The Past Year
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year

Their RSI has retreated from overbought conditions to sitting on the overbought end of neutral at 58.87 & their MACD has bearishly crossed over.

Last week’s average trading volumes were +1.33% above average volumes for the year prior (56,297,367 vs. 55,559,565), signaling that profits were being taken before a rate hike announcement or set of bad earnings calls could send everyone out of the pool in a hurry.

Wednesday’s spinning top candle got the decline rolling, with Friday’s candlestick unable to close above the 10 day moving average, a breakdown of support at that level.

There are two gaps that need to be tested/filled before the next support level for QQQ, which is the 50 day moving average.

Much like SPY, QQQ also has a wide spread between its current support levels, which makes it worthwhile to check the volume sentiment by price level table below to get an idea as to how market participants may behave at each level listed.

QQQ has support at the $356.70 (50 Day Moving Average; Volume Sentiment: Sellers, 1.82:1), $322.05 (Volume Sentiment: Sellers, 1.51:1), $312.77 (Volume Sentiment: Sellers, 1.94:1) & $308.88/share (Volume Sentiment: Buyers, 1.32:1) price levels, with resistance at the $377.20 (10 Day Moving Average; Volume Sentiment: Buyers, 2.5:1), $387.98 (Volume Sentiment: Buyers, 0.7:0*), $400.45 (Volume Sentiment: NULL, 0:0*) & $404.02/share (Volume Sentiment: NULL, 0:0*) price levels.

QQQ ETF's Price:Volume Level Sentiment For The Past 1-2 Years
QQQ ETF’s Price:Volume Level Sentiment For The Past 1-2 Years

IWM, the iShares Russell 2000 ETF notched +1.53% this past week, second only to their larger cap Dow Jones Industrial Average counterparts.

IWM ETF - iShares Russell 2000 ETF's Technical Performance Over The Past Year
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year

Their RSI is retreating from near-overbought levels & is currently at 63.25, with their MACD signaling a bearish crossover is set to take place in the coming days.

Last week’s average trading volumes were -1.83% below the average volume for the year prior (27,321,683 vs. 27,829,759), signaling uncertainty among market participants & likely indicating some late in the week profit taking.

Wednesday’s session closed in a doji, which kicked off the running to the door & declines seen the rest of the week, but prices were able to maintain above the open of Tuesday’s session.

Much like the other indexes, IWM’s Price:Volume table will provide key insights into investors sentiment at each of their price levels & should be reviewed before this potentially volatile week begins.

However, IWM has closer support levels than many of their peers which can help to slow down any declines.

IWM has support at the $193.04 (10 Day Moving Average; Volume Sentiment: Buyers, 1.67:1), $187.48 (Volume Sentiment: Buyers, 3.17:1), $186.81 (Volume Sentiment: Buyers, 3.17:1) & $185.44/share (Volume Sentiment: Sellers, 1.14:1) price levels, with resistance at the $197.66 (Volume Sentiment: Buyers, 2.57:1), $197.98 (Volume Sentiment: Buyers, 2.57:1), $198.74 (Volume Sentiment: Sellers, 1.5:1) & $204.46/share (Volume Sentiment: Buyers, 0.5:0*) price levels.

IWM ETF's Price:Volume Level Sentiment For The Past 1-2 Years
IWM ETF’s Price:Volume Level Sentiment For The Past 1-2 Years

DIA, the SPDR Dow Jones Industrial Average ETF advanced +2.17% over the past week, faring the best of all of the major indexes, as investors looked favorably on large cap names.

DIA ETF - SPDR Dow Jones Industrial Average ETF's Technical Performance Over The Past Year
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year

Their RSI is overbought at 72.21, with their MACD beginning to signal a bearish crossover is on the horizon in the coming days.

Last week’s average trading volume was +11.46% higher than the average trading volume of the year prior (4,028,917 vs. 3,614,653), with the most volume of the week happening on Wednesday’s gap up session that closed in a shooting star candle, signaling a potential reversal on the horizon.

Thursday also resulted in a shooting star, with Friday’s candle closing as a spinning top, all ultimately showing that investors are walking on egg shells & prepared for the market to reverse at any moment.

DIA has support at the $346.33 (10 Day Moving Average; Volume Sentiment: Buyers, 3.17:1), $345.47 (Volume Sentiment: Buyers, 1.32:1), $343.68 (Volume Sentiment: Buyers, 1.32:1) & $340.82/share (Volume Sentiment: Buyers, 1.32:1) price levels, with resistance at the $353.38 (Volume Sentiment: Buyers, 0.2:0*), $353.62 (Volume Sentiment: Buyers, 0.2:0*) & $358.47/share (Volume Sentiment: NULL, 0:0*) price levels.

DIA ETF's Price:Volume Level Sentiment For The Past 2-3 Years
DIA ETF’s Price:Volume Level Sentiment For The Past 2-3 Years

Oil Services (OIH), Europe (EURL), Financials (FAS) & Colombia (GXG) Are All Bullishly Leading The Market

OIH, the VanEck Vectors Oil Services ETF has gained +57.51% over the past year, with +65.7% growth from their 52-week low in September of 2022 (ex-distributions).

OIH ETF - VanEck Vectors Oil Services ETF's Technical Performance Over The Past Year
OIH ETF – VanEck Vectors Oil Services ETF’s Technical Performance Over The Past Year

Their RSI is overbought at 74 & their MACD is beginning to roll over bearishly, with an impending bearish crossover in the coming days.

Last week’s average trading volume was -30.01% less than the average volume for the year prior (511,100 vs. 730,220), signaling hesitancy among investors.

Tuesday’s session saw the most volume, with the following three sessions reflecting profit taking that resulted in three bearish spinning top candles.

OIH offers a modest 0.88% distribution yield, making it important to have a hedging strategy in place, either by selling calls, buying puts or another options hedging strategy in the near-term.

OIH has support at the $324.61 (10 Day Moving Average; Volume Sentiment: Buyers, 1.93:1), $319.53 (Volume Sentiment: Sellers, 2.68:1), $310.00 (Volume Sentiment: Sellers, 2.64:1) & $305.99/share (Volume Sentiment: Buyers, 2.5:1) price levels, with resistance at the $331.64 (Volume Sentiment: Buyers, 3.82:1), $332.18 (Volume Sentiment: NULL, 0:0*), $335.40 (Volume Sentiment: NULL, 0:0*) & $336.30 (Volume Sentiment: NULL, 0:0*).

OIH ETF's Price:Volume Level Sentiment For The Past 1-2 Years
OIH ETF’s Price:Volume Level Sentiment For The Past 1-2 Years

EURL, the Direxion Daily FTSE Europe Bull 3x Shares ETF has advanced +46.47% over the past year & has recovered an astounding +154.44% from their 52-week low in October of 2022 (ex-distributions).

EURL ETF - Direxion Daily FTSE Europe Bull 3x Shares ETF's Technical Performance Over The Past Year
EURL ETF – Direxion Daily FTSE Europe Bull 3x Shares ETF’s Technical Performance Over The Past Year

Their RSI is currently at 60.73 & their MACD is beginning to signal weakness & an impending bearish crossover, as prices have spent the last week & a half relatively flat in a consolidation range.

Last week’s average trading volumes were -44.88% lower than the average volumes for the year prior (20,400 vs. 37,011), signaling sever uncertainty & hesitancy on the part of market participants.

The week before ended on Friday with a bearish engulfing pattern, with Monday kicking the week off with a doji candlestick & Wednesday & Friday following suit with the candlestick of uncertainty.

Wednesday’s dragonfly doji hints that the price level is unsustainable & will be reversing in the near-future.

EURL pays a 1.85% distribution yield to long-term holders, which provides some cushion against losses, but a hedging strategy would be wise at this time as the chart is signaling that there is a cool off period coming soon.

EURL has support at the $23.65 (Volume Sentiment: Buyers, 1.35:1), $23.41 (10 Day Moving Average; Volume Sentiment: Buyers, 1.35:1), $23.25 (Volume Sentiment: Buyers, 1.35:1) & $22.72/share (Volume Sentiment: Even, 1:1) price levels, with resistance at the $24.54 (Volume Sentiment: Sellers, 2:1), $24.69 (Volume Sentiment: Sellers, 2:1), $28.80 (Volume Sentiment: Buyers, 3.29:1) & $29.14/share (Volume Sentiment: Buyers, 5:1) price levels.

EURL ETF's Price:Volume Level Sentiment For The Past 2-3 Years
EURL ETF’s Price:Volume Level Sentiment For The Past 2-3 Years

FAS, the Direxion Daily Financial Bull 3x Shares ETF has climbed only +5.46% over the past year, but has improved +47.71% from their 52-week low in March of 2023 (ex-distributions).

FAS ETF - Direxion Daily Financial Bull 3x Shares ETF's Technical Performance Over The Past Year
FAS ETF – Direxion Daily Financial Bull 3x Shares ETF’s Technical Performance Over The Past Year

Their RSI is overbought at 71.89, with their MACD beginning to signal that a bearish crossover is on the horizon, just as their 10 day moving average is bullishly crossing their 200 day moving average.

Last week’s average trading volume was +76.82% higher than the average trading volume of the year prior (2,559,900 vs. 1,447,726), as investors were eagerly buying the stock all week, before being twice as eager to take profits on Friday.

Friday’s candlestick’s body covered a wide range, with its closing price being about halfway down Thursday’s candle & the lower shadow extending 75% of the way down it, signaling that there is a good amount of downside sentiment at these price levels.

FAS offers a 1.85% distribution yield to long-term holders, which will not provide much protection against a draw down, making it important to examine hedging strategies or consider trimming positions for some profits in the near-term.

FAS has support at the $68.60 (10 Day Moving Average; Volume Sentiment: Sellers, 2.6:1), $68.30 (200 Day Moving Average; Volume Sentiment: Sellers, 2.6:1), $66.77 (Volume Sentiment: NULL, 0:0*) & $66.69/share (Volume Sentiment: NULL, 0:0*) price levels, with resistance at the $72.65 (Volume Sentiment: Buyers, 1.5:1), $74.17 (Volume Sentiment: Sellers, 5:1), $75.68 (Volume Sentiment: Sellers, 2.3:0*) & $76.43/share (Volume Sentiment: Buyers, 1.5:1) price levels.

FAS ETF's Price:Volume Level Sentiment For The Past 1-2 Years
FAS ETF’s Price:Volume Level Sentiment For The Past 1-2 Years

GXG, the Global X MSCI Colombia ETF has risen +7.74% over the past year, including a +29.28% climb from their 52-week low in March of 2023 (ex-distributions).

GXG ETF - Global X MSCI Colombia ETF's Technical Performance Over The Past Year
GXG ETF – Global X MSCI Colombia ETF’s Technical Performance Over The Past Year

Their RSI is overbought at 70.2, with their MACD beginning to roll over in preparation for a bearish crossover in the coming sessions.

Last week’s average trading volume was -44.23% lower than the year prior’s average volumes (10,083 vs. 18,080), and the candlesticks further confirm the uncertainty of market participants.

Monday kicked off with a dragofly doji, followed by a gap up Tuesday & a dragonfly doji Wednesday that set the range for Thursday’s session, which was capped off by an ominous hanging man candle on Friday.

The 10 day moving average will be important to watch here, as it near’s the gap that was created last week & would be the support level in that area.

GXG pays a 6.32% distribution yield, which provides some protection against losses, but a hedging strategy or profit taking would be advisable based on the uncertainty reflected in their chart.

GXG has support at the $22.16 (Volume Sentiment: Buyers, 1.74:1), $22.14 (Volume Sentiment: Buyers, 1.74:1), $22.10 (10 Day Moving Average; Volume Sentiment: Buyers, 1.74:1) & $21.50/share (Volume Sentiment: Even, 1:1) price levels, with resistance at the $22.79 (Volume Sentiment: Buyers, 1.74:1), $23.36 (Volume Sentiment: Buyers, 1.31:1), $23.55 (Volume Sentiment: Buyers, 1.31:1) & $24/share (Volume Sentiment: Sellers, 2.17:1) price levels.

GXG ETF's Price:Volume Level Sentiment For The Past 7-8 Years
GXG ETF’s Price:Volume Level Sentiment For The Past 7-8 Years

Regional Banks (DPST), China Small Caps (ECNS), Base Metals (DBB) & 1-3 Year Treasuries (SHY) Are All Bearishly Lagging The Market

DPST, the Direxion Daily Regional Banks Bull 3x Shares ETF has fallen -71.92% over the past year, losing -80.22% from their 52-week high in August of 2022, but has reclaimed +123.99% from their 52-week low in May of 2023 (ex-distributions).

DPST ETF - Direxion Daily Regional Banks Bull 3x Shares ETF's Technical Performance Over The Past Year
DPST ETF – Direxion Daily Regional Banks Bull 3x Shares ETF’s Technical Performance Over The Past Year

Their RSI is 64.78 as it retreats back from overbought conditions, with their MACD beginning to signal a bearish crossover on the horizon.

Last weeks average trading volume was +261.84% higher than their prior year’s average volume (2,569,450 vs. 710,111), as Tuesday & Wednesday showed strong investor enthusiasm, with Thursday’s dragonfly doji candle setting the reversal stage for profit taking to continue into Friday.

DPST pays a 3.21% distribution yield, but it is still wise to begin looking for an appropriate hedging strategy to protect holdings from near-term declines.

DPST has support at the $76.41 (Volume Sentiment: Buyers, 1:0*), $71.95 (Volume Sentiment: Buyers, 2.5:0*), $70.05 (Volume Sentiment: Buyers, 2.87:1) & $69.15/share (10 Day Moving Average; Volume Sentiment: Sellers, 6.42:1) price levels, with resistance at the $166.40 (200 Day Moving Average; Volume Sentiment: NULL, 0:0*), $197.49 (Volume Sentiment: NULL, 0:0*), $203.48 (Volume Sentiment: NULL, 0:0*) & $231.79/share (Volume Sentiment: NULL, 0:0*) price levels.

DPST ETF's Price:Volume Level Sentiment For The Past 1-2 Years
DPST ETF’s Price:Volume Level Sentiment For The Past 1-2 Years

ECNS, the iShares MSCI China Small-Cap ETF has declined -17.12% over the past year, falling -28.39% from their 52-week high in February of 2023, but has reclaimed +10.58% since their 52-week low in October of 2022 (ex-distributions).

ECNS ETF - iShares MSCI China Small-Cap ETF's Technical Performance Over The Past Year
ECNS ETF – iShares MSCI China Small-Cap ETF’s Technical Performance Over The Past Year

Their RSI is on the oversold end of neutral at 46.79, with their MACD already pointing bearishly & crossing over into weakness.

Last week’s average volume was -79.81% lower than the year prior’s average trading volume (3,633 vs. 18,000) signaling extreme uncertainty by market participants.

Monday began the week with a gap down, with Wednesday’s shooting star candlestick pushing the price range even lower into Thursday’s gap down doji candle.

The 10 & 50 day moving averages are now acting as resistance just overhead of ECNS & should be expected to continue applying downside pressure to them.

A 3.41% distribution yield will help protect against some losses, but a more comprehensive hedging strategy or profit taking should be considered at this time.

ECNS has support at the $28.98 (Volume Sentiment: Buyers, 1.87:1), $28.25 (Volume Sentiment: Buyers, 1.87:1), $28.10 (Volume Sentiment: Buyers, 1.87:1) & $28.09/share (Volume Sentiment: Buyers, 1.87:1) price levels, with resistance at the $29.70 (10 Day Moving Average; Volume Sentiment: Buyers, 1.05:1), $29.78 (50 Day Moving Average; Volume Sentiment: Buyers, 1.05:1), $30.11 (Volume Sentiment: Buyers, 1.12:1) & $30.50/share (Volume Sentiment: Buyers, 1.12:1) price levels.

ECNS ETF's Price:Volume Level Sentiment For The Past 8-9 Years
ECNS ETF’s Price:Volume Level Sentiment For The Past 8-9 Years

DBB, the Invesco DB Base Metals Fund ETF has lost -0.05% over the past year, declining -18.4% from their 52-week high in January of 2023 & has only managed to recover +4.77% from their 52-week low in May of 2023 (ex-distributions).

DBB ETF - Invesco DB Base Metals Fund ETF's Technical Performance Over The Past Year
DBB ETF – Invesco DB Base Metals Fund ETF’s Technical Performance Over The Past Year

Their RSI is neutral at 50.48, with their MACD about to cross over bearishly in the next day or two’s session.

Last week’s average trading volume was -52.29% below the year prior’s average volumes (95,433 vs. 200,043), another signal of uncertainty & weakness for DBB in the eyes of traders & investors.

Monday last week kicked off with a gap down, followed by two more days of declines before two very light volume, but high price range (large full bodies of the candles) trading sessions, which are not indicative of market strength of sentiment.

DBB offers a 1.01% distribution yield for long-term investors, which will not provide much protection against any downside moves, making it worth looking into hedging options for the near-term.

DBB has support at the $18.15 (Volume Sentiment: Buyers, 1.23:1), $18.14 (50 Day Moving Average; Volume Sentiment: Buyers, 1.23:1), $17.65 (Volume Sentiment: Sellers, 1.10:1) & $17.52/share (Volume Sentiment: Sellers, 1.10:1) price levels, with resistance at the $18.31 (10 Day Moving Average; Volume Sentiment: Buyers, 1.23:1), $18.59 (Volume Sentiment: Buyers, 1.11:1), $18.73 (Volume Sentiment: Buyers, 1.11:1) & $18.84/share (Volume Sentiment: Buyers, 1.11:1) price levels.

DBB ETF's Price:Volume Level Sentiment For The Past 14-15 Years
DBB ETF’s Price:Volume Level Sentiment For The Past 14-15 Years

SHY, the iShares 1-3 Year Treasury Bond ETF has inched forward +0.2% over the past year, but has fallen -1.28% from their 52-week high in May of 2023, while recovering +2.51% since their 52-week low in November of 2022 (ex-distributions).

SHY ETF - iShares 1-3 Year Treasury Bond ETF's Technical Performance Over The Past Year
SHY ETF – iShares 1-3 Year Treasury Bond ETF’s Technical Performance Over The Past Year

Their RSI is currently neutral at 52.22, with their MACD rolling over to bearishly cross over in the coming week.

Their average volume last week was -12.21% lower than the year prior’s average volume (5,085,816 vs. 5,793,464) as investors are showing hesitancy to do much at these price levels.

Three dragonfly dojis last week confirm the lack of enthusiasm & overall skepticism about the near-term, with one on Monday to start the week, and Thursday & Friday also closing with them right up against the resistance of the 10 day moving average.

SHY offers a 2.31% distribution yield for long-term holders, but given the nature of the last week’s technicals, it would be wise to take some profits or find a hedging solution for the week ahead.

SHY has closed Friday at its 10 Day Moving Average, and has support at the $81.01 (Volume Sentiment: Buyers, 1.43:1), $80.93 (Volume Sentiment: Sellers, 1.09:1), $80.92 (Volume Sentiment: Sellers, 1.09:1) & $80.61/share (200 Day Moving Average; Volume Sentiment: Sellers, 1.09:1) price levels, with resistance at the $81.17 (50 Day Moving Average; Volume Sentiment: Buyers, 1.43:1), $81.19 (2 Touch-points; Volume Sentiment: Buyers, 1.43:1), $81.38 (Volume Sentiment: Buyers, 1.43:1) & $81.43/share (Volume Sentiment: Buyers, 1.43:1) price levels.

SHY ETF's Price:Volume Level Sentiment For The Past 2-3 Years
SHY ETF’s Price:Volume Level Sentiment For The Past 2-3 Years

Tying It All Together

Next week is going to be busy on both the earnings & market data fronts.

Monday begins with S&P “Flash” U.S. Manufacturing PMI & S&P “Flash” U.S. Services PMI data released at 9:45 am.

On the earnings front, Agilysys, AGNC Investment, Alexandria Real Estate Equities, Brown & Brown, Cadence Design, Cleveland Cliffs, Domino’s Pizza, F5 Networks, Logitech International, Medpace, NextGen Healthcare, NXP Semiconductors, Packaging Corp of America, Range Resources, Simpson Manufacturing & Whirlpool are all set to report earnings data on Monday.

S&P Case-Shiller Home Price Index (20 Cities) data comes out Tuesday at 9 am, followed by Consumer Confidence Data at 10 am.

Alphabet, Microsoft, 3M, Alaska Air, Albertsons, Archer-Daniels-Midland, Ashland, Avery Dennison, Biogen, Cal-Maine Foods, Canadian National Railway, Chubb, Corning, Danaher, Dover, Dow, GE Health Care, General Electric, General Motors, Invesco, Kimberly-Clark, Lamb Weston, Moody’s, MSCI, NextEra Energy, NextEra Energy Partners, Nucor, NVR, PacWest Bancorp, PulteGroup, Sherwin-Williams, Snap, Spotify, Texas Instruments, TransUnion, Universal Health, Verizon Communications, Visa, Waste Management, West Fraser & Xerox will all report earnings on Tuesday.

Wednesday kicks off with New Homes Sales data at 10 am, followed by the FOMC Decision On Interest-Rate Policy at 2pm & Fed Chairman Powell’s Press Conference at 2:30pm.

For earnings calls, Wednesday brings us Alkermes, Align Technology, American Water Works, AT&T, Automatic Data Processing, Boeing, Check Point Software, Chipotle Mexican Grill, Churchill Downs, CME Group, Coca-Cola, eBay, Fiserv, Flex, General Dynamics, Graco, Group 1 Auto, Helmerich & Payne, Hess, Hilton Worldwide Holdings, IDEX Corp, Invitation Homes, Lam Research, Lending Club, Mattel, Meta Platforms, Molina Healthcare, Navient, New Oriental Education & Technology, O’Reilly Automotive, Old Dominion, Otis Worldwide, Owens Corning, Patterson-UTI, Penske Auto, Pilgrim’s Pride, Quest Diagnostics, Ryder Systems, Seagate Technology, ServiceNow, Sun Communities, Teradyne, Thermo Fish Scientific, Tilray, Tower Semiconductor, Union Pacific, United Rentals, VICI Properties, Western Union & Wyndham Hotels & Resorts.

Thursday looks to be busy, with Initial Jobless Claims, Durable-Goods Orders, Durable Goods-Minus Transportation, GDP (Advanced report), Advanced U.S. Trade Balance In Goods, Advanced Retail Inventories & Advanced Wholesale Inventories data all reported at 8:30am & Pending Home Sales data at 10 am.

Amazon.com, AbbView, AGCO Corp, Alliance Bernstein, American Electric Power, American Homes 4 Rent, American Tower, ArcelorMittal, Beazer Homes, Boston Beer, Boston Scientific, Boyd Gaming, Bristol Myers Squibb, Chemours, Cincinnati Financial, Comcast, Coursera, Crocs, Cullen/Frost, Deckers Outdoor, Digital Realty Trust, Enphase Energy, Equity Residential, Essex Property, Federated Hermes, First Solar, Ford Motor, Gaming & Leisure Properties, W.W. Grainger, Harley-Davidson, Hershey Foods, Hertz Global, Hilton Grand Vacations, Honeywell, Internatonal Paper, Intel, Juniper Networks, Keurig Dr. Pepper, Kimco Realty, Labratory Corp of America, LendingTree, Linde, Martin Marietta, Masco, Mastercard, McDonald’s, MDC Holdings, Melco Resorts & Entertainment, Mobileye Global, Mondelez International, Neogen, Norfolk Southern, Northrop Grumman, Olin, Oshkosh, Overstock.com, Peabody Energy, PG&E, Roku, Royal Caribbean, S&P Global, Sketchers USA, Southwest Air, Sweetgreen, STMicroelectronics, Texas Roadhouse, T-Mobile US, Tractor Supply Company, Tradeweb Markets, U.S. Steel, Valero Energy, Verisign, Willis Towers Watson & Weyerhauser are all set to report earnings on Thursday.

8:30 am Friday starts off with Personal Income (nominal), Personal Spending (nominal), PCE Index, Core PCE Index, PCE (Year-over-Year), Core PCE (Year-over-Year) & Employment Cost Index Data, followed by Consumer Sentiment (final) data reported at 10am.

Wrapping up the week in earnings on Friday are Aon, AstraZeneca, Barnes Group, Booz Allen Hamilton, Centene, Chart Industries, Charter Communications, Chevron, Church & Dwight, Colgate-Palmolive, Exxon Mobile, Franklin Resources, Newell Brands, Newmark Group, Procter & Gamble, Saia, Sanofi, T. Rowe Price, W.P. Carey & Wisdom Tree.

See you back here next week!

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM, DIA, OIH, EURL, FAS, GXG, DPST, ECNS, DBB or SHY AT THE TIME OF PUBLISHING THIS ARTICLE ***

Price:Volume Sentiment Analysis For Adobe Systems, Inc. ADBE Stock

Adobe Systems, Inc. stock trades under the ticker ADBE & has had a very interesting past 52 weeks when we look back from where it is currently sitting, near its 52-week high.

After experiencing a major gap down in September of 2022, the stock has gone through a series of swift, aggressive climbs, followed by consolidation ranges that have spanned anywhere from one-to-three months, which has created a wide range of price action, but many of the price levels have limited volume data attached.

Given that they are at a 52-week high, it is time to begin looking to see how strong their support levels are in order to get an idea as to how far they might fall in a correction.

The Price:Volume analysis below seeks to display the volume at specific share-price levels from over the past one-to-two years & is intended to serve as a reference point for how investors viewed ADBE stock’s value at each level.

It also includes a list of moving averages, as well as support & resistance levels, which will be marked in bold.

Adobe Systems, Inc. ADBE Stock’s Price:Volume Sentiment Broken Down

Adobe Systems, Inc. ADBE Stock's Technical Performance Over The Past Year
Adobe Systems, Inc. ADBE Stock’s Technical Performance Over The Past Year

Their RSI is currently overbought at 73.68, with their MACD floundering around & looking prepared to cross over bearishly in the coming days after the close of yesterday’s session resulted in their share price dropping -0.95%.

Trading volumes over the past two weeks have been -11% lower than the average for the past year, signaling that investors are beginning to feel hesitant about the shares.

Last Wednesday trouble began to show up on their chart with a hanging man candlestick & while ADBE kept continuing higher, that Friday & yesterday more warning signals were flashed when their sessions resulted in shooting star candles.

Their next levels of support come at $518.74 (-1.6%), $508.85 (10 Day Moving Average, -3.48%) & $472.32 (-10.4%), before a short distance further down they enter a gap that has no support minus the advancing 50 Day Moving Average.

Due to this, it is important to have an idea for how the buyers & sellers of the stock have interacted at various price levels in recent history, especially at key levels of support & resistance.

The price:volume sentiment data covers the last 1-2 years, so I have also included the two year chart for ADBE below, so that you can see the support & resistance points over that time period as well.

Adobe Systems, Inc. ADBE Stock's Technical Performance Over The Past Two Years
Adobe Systems, Inc. ADBE Stock’s Technical Performance Over The Past Two Years

The bold prices on the image below denote the moving average levels just listed & the bold entries in the list form of the analysis under the images include other levels of support.

Each corresponding price level using a ratio of Buyers:Sellers (or Sellers:Buyers), NULL values denote that there was not enough data, so the ratio would’ve been 0:0.

Ratios with a 0 for the denominator/constant are denoted with an *, but are reported as is, as we are accounting for volume/sentiment.

Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years
Adobe Systems, Inc. ADBE Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past One-to-Two Years

Adobe Systems, Inc. ADBE Stock’s Volume By Price Level

$540 – NULL – 0:0*, +2.43% From Current Price

$535 – NULL – 0:0*, +1.49% From Current Price

$530 – NULL – 0:0*, +0.54% From Current Price

$525 – NULL – 0:0*, -0.41% From Current Price

$520 – NULL – 0:0*, -1.36% From Current Price

$515 – NULL – 0:0*, -2.31% From Current Price

$510 – NULL – 0:0*, -3.26% From Current Price

$505 – NULL – 0:0*, -4.21% From Current Price – 10 Day Moving Average

$500 – NULL – 0:0*, -5.15% From Current Price

$496 – NULL – 0:0*, -5.91% From Current Price

$492 – Buyers – 5.4:0*, -6.67% From Current Price

$488 – Buyers – 6.2:0*, -7.43% From Current Price

$484 – Buyers – 1.47:1, -8.19% From Current Price

$480 – Sellers – 2.33:1, -8.95% From Current Price

$476 – Buyers – 1.94:1, -9.71% From Current Price

$472 – Buyers – 2.9:0*, -10.47% From Current Price

$468 – NULL – 0:0*, -11.22% From Current Price

$464 – NULL – 0:0*, -11.98% From Current Price

$460 – NULL – 0:0*, -12.74% From Current Price

$456 – NULL – 0:0*, -13.5% From Current Price

$452 – Buyers – 2.1:0*, -14.26% From Current Price

$448 – NULL – 0:0*, -15.02% From Current Price

$444 – NULL – 0:0*, -15.78% From Current Price

$440 – NULL – 0:0*, -16.54% From Current Price – 50 Day Moving Average

$436 – Buyers – 4.2:0*, -17.29% From Current Price

$432 – Sellers – 2.3:0*, -18.05% From Current Price

$428 – NULL – 0:0*, -18.81% From Current Price

$424 – Buyers – 2.9:0*, -19.57% From Current Price

$420 – NULL – 0:0*, -20.33% From Current Price

$416 – Buyers – 2.21:1, -21.09% From Current Price

$412 – Buyer s- 3.2:0*, -21.85% From Current Price

$408 – NULL – 0:0*, -22.61% From Current Price

$404 – NULL – 0:0*, -23.36% From Current Price

$400 – NULL – 0:0* -24.12% From Current Price

$396 – NULL – 0:0*, -24.88% From Current Price

$392 – Buyers – 4.6:0*, -25.64% From Current Price

$388 – NULL – 0:0*, -26.4% From Current Price

$384 – Buyers – 2.2:0*, -27.16% From Current Price

$380 – Buyers – 1.92:1, -27.92% From Current Price

$376 – Sellers – 1.33:1, -28.68% From Current Price

$372 – Buyers – 1.24:1, -29.43% From Current Price

$368 – Buyers – 1.13:1, -30.19% From Current Price

$364 – Even, 1:1, -30.95% From Current Price – 200 Day Moving Average

$360 -Sellers – 1.68:1, -31.71% From Current Price

$356 – Buyers – 2.7:1, -32.47% From Current Price

$352 – Buyers – 2.9:0*, -33.23% From Current Price

$348 – Buyers – 2.8:0*, -33.99% From Current Price

$344 – Buyers – 1.07:1, -34.75% From Current Price

$340 – Buyers – 1.64:1, -35.5% From Current Price

$336 – Buyers – 1.43:1, -36.26% From Current Price

$332 – Buyers – 1.19:1, -37.02% From Current Price

$328 – Sellers – 3.45:1, -37.78% From Current Price

$324 – Sellers – 3.5:0*, -38.54% From Current Price

$320 – Sellers – 2.15:1, -39.3% From Current Price

$316 – NULL – 0:0*, -40.06% From Current Price

$312 – NULL – 0:0*, -40.82% From Current Price

$308 – NULL – 0:0*, -41.57% From Current Price

$304 – NULL – 0:0*, -42.33% From Current Price

$300 – Buyers – 1.38:1, -43.09% From Current Price

$296 – Buyers – 1.55:1, -43.85% From Current Price

$292 – NULL – 0:0*. -44.61% From Current Price

$288 – NULL – 0:0*, -45.37% From Current Price

$284 – Sellers – 4.2:0*, -46.13% From Current Price

$280 – NULL – 0:0*, -46.89% From Current Price

$276 – NULL – 0:0*, -47.64% From Current Price

Tying It All Together

The list & image above paint the picture as to how investors & traders have behaved at various price levels that ADBE has been at over the past one-to-two years.

It is not meant to serve as investment/trading advice, and is simply a way to visualize what investor/trader sentiment has been like at each of the price levels mentioned, as well as what it was at levels of support & resistance that are denoted in the image & list.

As always, do your own due diligence before making investing/trading decisions.

For more on the methodology on how the data was collected & put together, please refer to our original Price:Volume analysis.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN ADBE AT THE TIME OF PUBLISHING THIS ARTICLE ***