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 LEN 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.
Lennar Corp. LEN Stock’s Price:Volume Sentiment Broken Down
Lennar Corp. LEN Stock’s Technical Performance Over The Past Year
LEN stock’s RSI has dipped back underneath overbought conditions to close at 65.85 yesterday & their MACD has curled over bearishly but remains bullish.
Last week’s volumes were above average compared to the year prior, but yesterday’s session was on very light volume, losing -1.02% on the day.
Yesterday’s candle also engulfed Friday’s candle, with the 23rd (Friday’s) Open = $121.07, High = $122.48, Low = $120.80 & Close = $122.30 & yesterday’s (26th’s) Open = $122.75, High = $123.04, Low = $120.41 & Close = $121.07, indicating a weak, but bearish near-term sentiment.
Their 10 Day Moving Average will be a support level to watch in the coming days, which is currently just a -1.37% decline from their closing price on Monday 6/26/2023.
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 (there is no data for their resistance levels as they are near an all time high).
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.
Also, as there is such a wide spread between many price levels having activity data, many of the levels are marked NULL, as there was limited volume data for them, and they were not included in the long list below unless they were relevant to support/resistance levels.
Lennar Corp. LEN Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
Lennar Corp. LEN Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
Lennar Corp. LEN Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
Lennar Corp. LEN Stock’s Volume By Price Level
$114 – Buyers – 1.36:1, -6% From Current Price
$112 – Buyers – 1.75:1, -7% From Current Price – 50 Day Moving Average
$110 – Buyers – 1.13:1, -9% From Current Price
$108 – Buyers – 4.43:1, -11% From Current Price
$106 – Sellers – 1.41:1, -12% From Current Price
$104 – Buyers – 3.53:1, -14% From Current Price
$102 – Buyers – 1.29:1, -16% From Current Price
$100 – Sellers – 1.78:1, -17% From Current Price
$99 – Sellers – 3.14:1, -18% From Current Price
$98 – Sellers – 1.5:1, -19% From Current Price
$97 – Buyers – 1.91:1, -20% From Current Price
$96 – Buyers – 1.73:1, -21% From Current Price
$95 – Sellers – 1.54:1, -22% From Current Price – 200 Day Moving Average
$94 – Sellers – 1.1:1, -22% From Current Price
$93 – Buyers – 4.2:0*, -23% From Current Price
$92 – Buyers – 1.2:0*, -24% From Current Price
$91 – Sellers – 1.82:1, -25% From Current Price
$90 – Buyers – 3.8:0*, -26% From Current Price
$89 – Sellers – 1.29:1, -26% From Current Price
$88 – Buyers – 3:1, -27% From Current Price
$87 – Buyers – 1.4:1, -28% From Current Price
$86 – Buyers – 2.88:1, -29% From Current Price
$85 – Sellers – 2.14:1, -30% From Current Price
$84 – Buyers – 1.79:1, -31% From Current Price
$83 – Sellers – 3:1, -31% From Current Price
$82 – Buyers – 1.6:1, -32% From Current Price
$80 – Sellers – 3.8:0*, -34% From Current Price
$79 – Buyers – 1.24:1, -35% From Current Price
$78 – Buyers – 1.06:1, -36% From Current Price
$77 – Buyers – 1.72:1, -36% From Current Price
$76 – Buyers – 2.40:1, -37% From Current Price
$75 – Sellers – 7.1:0*, -38% From Current Price
$74 – Buyers – 2.5:1, -39% From Current Price
$73 – Buyers – 1.21:1, -40% From Current Price
$72 – Sellers – 2.08:1, -41% From Current Price
$71 – Sellers – 1.2:0*, -41% From Current Price
$70 – Sellers – 0.9:0*, -42% From Current Price
$69 – Buyers – 1.2:0*, -43% From Current Price
$68 – Sellers – 1:0*, -44% 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 LEN 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 LEN AT THE TIME OF PUBLISHING THIS ARTICLE ***
DR Horton Inc. stock has recently reached a new all-time high as the homebuilders, construction & supplies industries have been booming in 2023.
DHI stock has gained +90.3% from their 52-week low in June of 2022 (ex-dividends).
They are a member of many popular ETFs, including ITB (15.25%), NAIL (9.47%), PKB (5.01%), XHB (3.86%), QMOM (2.12%) & others.
The Price:Volume analysis 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 DHI 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.
DR Horton Inc. DHI Stock’s Price:Volume Sentiment Broken Down
DR Horton Inc. DHI Stock’s Technical Performance Over The Past Year
Their RSI is currently overbought at 73.08 & their MACD is in a bullish uptrend after the past week & a half of consistent positive days.
Recent trading volumes have been about average compared to the year prior, but they have fluctuated each day, as investors likely rotated capital into DHI while the broader market was having a difficult week.
Their candlesticks from last week do not indicate that the bull run is going to continue for long, as last Monday kicked off with a gravestone doji after the prior week closed on a spinning top & Tuesday’s candle was a shooting star that was engulfed by the following day’s candle.
The three candles since then have all been relatively concentrated around the same price range, but climbing incrementally, which does not suggest that there is much more near-term strength left in the eyes of market participants & enthusiasm is beginning to wane/profits are being taken.
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 (there is no data for their resistance levels as they are at an all time high).
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.
Also, as there is such a wide spread between many price levels having activity data, many of the levels are marked NULL, as there was limited volume data for them, and they were not included in the long list below unless they were relevant to support/resistance levels.
DR Horton Inc. DHI Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
DR Horton Inc. DHI Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
DR Horton Inc. DHI Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
DR Horton Inc. DHI Stock’s Volume By Price Level
$112 – Buyers – 3.3:0*, -8% From Current Price
$110 – NULL/Even – 1:1, -9% From Current Price – 50 Day Moving Average
$108 – Buyers – 2.97:1, -11% From Current Price
$106 – Sellers – 1.06:1, -13% From Current Price
$104 – Sellers – 3.1:0*, -14% From Current Price
$102 – Buyers – 1.3:0*, -16% From Current Price
$100 – Buyers – 1.06:1, -17% From Current Price
$99 – Buyers – 7:0*, -18% From Current Price
$98 – Buyers – 1.17:1, -19% From Current Price
$97 – Sellers – 1.05:1, -20% From Current Price
$96 – Buyers – 1.36:1, -21% From Current Price
$95 – Sellers – 1.03:1, -22% From Current Price
$94 – Sellers – 1.38:1, -22% From Current Price
$93 – Buyers – 1.48:1, -23% From Current Price
$92 – Buyers – 2.73:1, -24% From Current Price
$91 – Buyers, 1.2:1, -25% From Current Price, 200 Day Moving Average
$90 – Sellers, 1.19:1, -26% From Current Price
$89 – Buyers – 3:0*, -27% From Current Price
$88 – Sellers – 3.39:1, -27% From Current Price
$87 – Sellers – 3.3:0*, -28% From Current Price
$86 – Buyers – 4:0*, -29% From Current Price
$85 – Buyers – 2.1:1, -30% From Current Price
$84 – Sellers – 1.12:1, -31% From Current Price
$83 – Buyers – 3.94:1, -32% From Current Price
$82 – Sellers – 1.8:1, -32% From Current Price
$80 – Sellers – 3.3:0*, -34% From Current Price
$79 – Buyers – 0.9:0*, -35% From Current Price
$78 – Sellers – 1.3:1, -36% From Current Price
$77 – Buyers – 4:1, -36% From Current Price
$76 – Buyers – 3.5:1, -37% From Current Price
$75 – Sellers – 1.31:1, -38% From Current Price
$74 – Sellers – 1.13:1, -39% From Current Price
$73 – Buyers – 1.37:1, -40% From Current Price
$72 – Sellers – 1.11:1, -41% From Current Price
$71 – Sellers – 1.44:1, -41% From Current Price
$70 – Buyers – 1.45:1, -42% From Current Price
$69 – Buyers – 4.5:1, -43% From Current Price
$68 – Sellers – 7:0*, -44% From Current Price
$67 – Sellers – 4.7:0*, -45% From Current Price
$66 – Sellers – 3.7:0*, -46% 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 DHI 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 DHI AT THE TIME OF PUBLISHING THIS ARTICLE ***
SPY, the SPDR S&P 500 ETF shed -1.42% this past week, as investors broadly were taking chips off of the table from stocks of all market cap sizes.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI is trending towards oversold at 60.04, and their MACD is primed to bearishly crossover in the coming session.
Volumes this past week were roughly average compared to the year prior, with Friday’s gravestone doji candlestick indicating that investors have begun to lose enthusiasm & points towards more declines in the coming week.
The week kicked off with SPY hitting a new high, only to retreat & close lower, followed by a dragonfly doji candle on Tuesday, indicating a reversal was imminent & a spinning top Wednesday, which indicated further indecision by market participants.
Friday’s session’s price action taking place largely underneath the 10 day moving average is also a sign of support being broken in early stages, which is also bearish.
SPY has support at the $424.79 (Volume Sentiment: Sellers, 1.24:1), $418.03 (50 Day Moving Average; Volume Sentiment: Sellers, 1.33:1), $415.18 (Volume Sentiment: Buyers, 3:1) & $405.55/share (Volume Sentiment: Sellers, 1.90:1) price levels, with resistance at the $435.34 (10 Day Moving Average; Volume Sentiment: Buyers, 4.25:1), $443.18 (Volume Sentiment: Sellers, 1.35:1) $447.43 (Volume Sentiment: Buyers, 1.14:1) & $452.69/share (Volume Sentiment: Sellers, 1.25:1) price levels.
SPY Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 2-3 Years
QQQ, the Invesco QQQ Trust ETF lost -1.33% this past week, faring the best of the major indexes in a week of declines across the board.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their RSI has retreated from overbought conditions this past week to settle at 63.07 & their MACD has bearishly crossed over.
Trading volumes were about average compared to the year prior, with last week’s candlesticks indicating further declines are on the horizon.
Like SPY, QQQ opened the week testing to break out of last week’s highs, but ultimately closed lower on Monday, followed by a spinning top of Tuesday that showed investors weren’t certain about last week’s trend.
Thursday’s candle was a bullish engulfing candle, but Friday closed off with a doji where the open & close were on the bottom half of the candle, indicating that the sentiment overall has become more cautious.
QQQ has support at the $336.24 (50 Day Moving Average; Volume Sentiment: Sellers, 1.69:1), $332.05 (Volume Sentiment: Sellers, 3.2:1), $312.77 (Volume Sentiment: Sellers, 3.64:1) & $308.88/share (Volume Sentiment: Buyers, 1.55:1) price levels, with resistance at the $363.69 (10 Day Moving Average; Volume Sentiment: Buyers, 2.5:1), $372.34 (Volume Sentiment: Sellers, 1:0*), $377.97 (Volume Sentiment: Buyers, 1.33:1) & $404.02/share (Volume Sentiment: NULL, 0:0*) price levels.
QQQ Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 2-3 Years
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Their RSI is just below the neutral level of 50 at 48.23, and their MACD bearishly crossed over during the past week.
Volumes were above average this past week compared to the year prior, indicating investor sentiment is largely negative.
The week before, IWM indicated a reversal on the horizon with a piercing line pattern on Thursday & Friday, with Monday’s session forming a dark cloud cover pattern with the previous Friday’s candle.
Tuesday’s dragonfly doji confirmed the reversal, as Wednesday’s spinning top candle, and Friday’s gravestone doji candle indicates that more bearishness is likely to come in the upcoming week.
IWM has support at the $179.28 (Volume Sentiment: Buyers, 1.84:1), $178.36 (200 Day Moving Average; Volume Sentiment: Buyers, 1.84:1), $177.67 (50 Day Moving Average; Volume Sentiment: Sellers, 1.06:1) & $175.34/share (Volume Sentiment: Buyers, 1.45:1) price levels, with resistance at the $183.56 (Volume Sentiment: Sellers, 1.23:1), $185.18 (10 Day Moving Average; Volume Sentiment: Buyers, 1.75:1), $185.44 (Volume Sentiment: Buyers, 1.75:1) & $186.81/share (Volume Sentiment: Buyers, 1.91:1) price levels.
IWM Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 1-2 Years
DIA ETF – SPDR Dow Jones Industrial Average ETF’s Technical Performance Over The Past Year
Their RSI is neutral, with their MACD also giving a bearish signal reading.
Last week’s volumes were overall relatively average compared to the year prior, signaling that investors have become less confident in the large cap DJIA names.
The week kicked off Monday forming a dark cloud cover pattern over Friday’s candlestick, which led to the declines of the rest of the week.
The middle of the week signaled further bearishness/uncertainty, with a handing man, doji & spinning top, that was finished off with more bearish uncertainty Friday, which closed with a gap down session doji candle.
DIA has support at the $336.44 (Volume Sentiment: Buyers, 1.01:1), $335.27 (50 Day Moving Average, Volume Sentiment: Buyers, 1.20:1), $326.32 (Volume Sentiment: Sellers, 1.19:1) & $325.09/share (Volume Sentiment: Sellers, 1.19:1) price levels, with resistance at the $340.04 (Volume Sentiment: Buyers, 1.71:1), $340.36 (Volume Sentiment: Buyers, 1.71:1), $340.37 (10 Day Moving Average; Volume Sentiment: Buyers, 1.71:1) & $341.08/share (Volume Sentiment: Buyers, 1.71:1) price levels.
DIA Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 2-3 Years
Argentina (ARGT), U.S. Home Construction (ITB), Emerging Markets Local Debt (ELD) & Spain (EWP) Are All Bullishly Leading The Market
ARGT, the Global X MSCI Argentina ETF has climbed +82.37% over the past year, including a +96.65% ascent from their 52-week low in July of 2022 (ex-distributions).
ARGT ETF – Global X MSCI Argentina ETF’s Technical Performance Over The Past Year
Their RSI is overbought at 71.01 & their MACD is beginning to curl over signaling near-term bearishness after climbing aggressively in the latter portions of June.
Recent trading volumes have been above average compared to the year prior, signaling strong conviction among investors, but Thursday’s completion of a bearish Harame pattern further indicates a near-term reversal.
The 10 day moving average at $44.53 will be an area of support to watch in the coming week.
Note that ARGT pays a 1.82% distribution yield for long-term holders, which provides a moderate cushion against losses, which suggests that an insurance policy using options is best for investors with an open positions (such as selling near-term out of the money calls or buying puts), while watching their behavior at support levels.
ARGT has support at the $44.53 (10 Day Moving Average; Volume Sentiment: NULL, 0:0*), $41.96 (Volume Sentiment: Buyers, 0.3:0*), $41.59 (Volume Sentiment: Buyers, 0.3:0*) & $41.27/share (50 Day Moving Average: ; Volume Sentiment: Buyers, 0.3:0*), with resistance overhead at the $46.95 (Volume Sentiment: NULL, 0:0*), as they are near an all-time high.
ARGT Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 8-9 Years
ITB ETF – iShares U.S. Home Construction ETF’s Technical Performance Over The Past Year
Their RSI is also overbought at 71.27, with their MACD still bullish, but signaling a bearish crossover is on the near-term horizon, as they closed Friday’s session near their all-time high (from 2022).
Recent trading volumes have been slightly below average compared to the year prior, signaling waning enthusiasm among investors & Thursday’s inside candle when combined with Friday’s session, that while was a bullish day, had a much longer upper shadow than lower shadow (barely visible) signals investors are becoming skittish at these high levels & a correction is on the near-horizon.
Unfortunately, ITB’s distribution yield for long-term investors is only 0.62%, which hardly provides any cushion against losses, making it wise to have an insurance policy using options, or to liquidate a position while waiting to see where the dust settles as they retest support levels.
ITB has support at the $80.75 (10 Day Moving Average; Volume Sentiment: NULL, 0:0*), $77.74 (Volume Sentiment: Buyers, 1.18:1), $76.02 (50 Day Moving Average; Volume Sentiment: Buyers, 5:1) & $73.65/share (Volume Sentiment: Sellers, 1.24:1) price levels, with resistance at the $82.42/share price level (All-time high, from 2022; Volume Sentiment: NULL, 0:0*).
ITB Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 1-2 Years
ELD ETF – Wisdom Tree Emerging Markets Local Debt Fund ETF’s Technical Performance Over The Past Year
Their RSI is returning from overbought conditions & has fallen to 64.74 (still above neutral), with their MACD having curled over bearishly & prone to crossover bearish in the coming days.
Investors seem to be unenthused at the moment, with recent trading volumes being below average compared to the year prior & last week’s candlesticks consisting of all spinning tops & a hanging man on Wednesday, signaling a reversal is imminent.
While they offer a generous 4.82% distribution yield, unless holding an options strategy to protect against losses investors should be weary of impending losses on the near horizon & be ready to watch their behavior at support levels in the coming weeks.
ELD has support at the $27.68 (10 Day Moving Average; Volume Sentiment: Sellers, 1.14:1), $27.52 (Volume Sentiment: Sellers, 1.14:1), $27.07 (50 Day Moving Average; Volume Sentiment: Sellers, 1.14:1) & $26.10/share (Volume Sentiment: Buyers, 1.25:1), with resistance at the $27.90 (Volume Sentiment: Sellers, 1.14:1), $28.45 (2022; Volume Sentiment: Sellers, 1.07:1), $28.61 (2021; Volume Sentiment: Sellers, 1.07:1) $30.50/share (2021; Volume Sentiment: Buyers, 1.03:1) price levels.
ELD Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 10-11 Years
EWP, the iShares MSCI Spain Capped ETF has gained +21.83% over the past year, climbing 43.49% since their 52-week low in October of 2022 (ex-distributions).
EWP ETF – iShares MSCI Spain Capped ETF’s Technical Performance Over The Past Year
Their RSI is neutral at 47.98, with their MACD looking ready to crossover bearishly during Monday or Tuesday’s session.
Recent trading volumes have been below average compared to the year prior (with exception to a couple of days 2 weeks ago) signaling that enthusiasm is running low among investors, and Thursday’s doji candle combined with Friday’s -1.81% gap down gravestone doji candle that opened below the 10 & 50 day moving averages & never came near them as resistance levels signals near-term bearishness.
With a 2.62% distribution yield there is some protection against future losses, but shareholders would be wise to protect themselves with an options strategy that is appropriate to their experience level while watching their behavior at support levels.
EWP has support at the $27.62 (Volume Sentiment: Buyers, 1.51:1), $27.05 (Volume Sentiment: Buyers, 1.51:1), $26.43 (Volume Sentiment: Buyers, 1.03:1) & $25.81/share (Volume Sentiment: Buyers, 1.40:1) price levels, with resistance at the $27.85 (50 Day Moving Average; Volume Sentiment: Buyers, 1.51:1), $27.98 (10 Day Moving Average; Volume Sentiment: Buyers, 1.51:1), $28.70 (Volume Sentiment: Buyers, 1.81:1) & $28.81/share (Volume Sentiment: Buyers, 1.81:1) price levels.
EWP Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 13-14 Years
Cannabis (POTX), Energy (ERX), China (MCHI) & Global Natural Resources (GNR) Are All Bearishly Lagging The Market
POTX, the Global X Cannabis ETF has lost -61.16% over the past year, losing -66.82% from their 52-week high in August of 2022, but has improved +1.36% since their 52-week low in June of 2023 (ex-distributions).
POTX ETF – Global X Cannabis ETF’s Technical Performance Over The Past Year
Their RSI is just above oversold levels at 30.31 after a long, steady decline over the past few years, with their MACD also bearish.
Most of the past week’s candlesticks were dojis, including two dragonfly dojis midweek as they declined on below average volume as investors really don’t seem to know what to make of this ETF currently & are most likely waiting for some regulatory news to spark a turnaround.
While their 5.44% distribution yield is generous, I’m not certain that this is worth the risk for the reasons outlined above, but for those who want to take the risk be advised to have insurance for the position just in case.
There is no support level as they are at an all time low with Friday’s close, with resistance overhead at the $6.95 (Volume Sentiment: NULL, 0:0), $7.08 (10 Day Moving Average; Volume Sentiment: Buyers, 1.25:1), $7.40 (Volume Sentiment: Buyers, 1.25:1), $7.82 (Volume Sentiment: Buyers, 1.25:1) & $7.91/share (50 Day Moving Average; Volume Sentiment: Buyers, 1.25:1).
POTX Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 2-3 Years
ERX, Direxion Daily Energy Bull 2x Shares ETF has gained +12.39% over the past year, but has fallen -36.18% from their 52-week high in November of 2022, while rebounding +28% from their 52-week low in July of 2022 (ex-distributions).
ERX ETF – Direxion Daily Energy Bull 2x Shares ETF’s Technical Performance Over The Past Year
Their RSI is on the oversold end of neutral at 40.48 & their MACD crossed over bearishly last week.
Trading volumes have been well below average for a while now compared to the year prior, signaling investors are not feeling confident in their prospects, with Friday’s -1.7% gap down & spinning top candle further adding to the uncertain/bearish sentiment.
While ERX does offer a 3.44% distribution yield, that is not much protection against downside losses, making it wise to have a form of options strategy in place to protect existing positions from losses while waiting to see how they behave around support levels.
ERX has support at the $48.95 (Volume Sentiment: Sellers, 3.2:0*), $48.47 (Volume Sentiment: Sellers, 3.2:0*), $47.95 (Volume Sentiment: NULL, 0:0) & $47.31/share (Volume Sentiment: NULL, 0:0) price levels, with resistance at the $48.95 (Volume Sentiment: Sellers, 3.2:0*), $50.43 (Volume Sentiment: Buyers, 1.36:1), $50.84 (Volume Sentiment: Buyers, 1.36:1) & $52.54 (10 Day Moving Average; Volume Sentiment: Sellers, 1.06:1) price levels.
ERX Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 1-2 Years
MCHI, the iShares MSCI China ETF has declined -16.66% over the past year, losing -22.6% from their 52-week high in June of 2022, while gaining +26.16% since their 52-week low in October of 2022 (ex-distributions).
MCHI ETF – iShares MSCI China ETF’s Technical Performance Over The Past Year
Their RSI is on the oversold end of neutral at 40.86, with their MACD just having crossed over bearishly this past week.
Recent trading volumes have been below average compared to the year prior (with exception to a couple of days in the past 2 weeks), which is further confirmed by last week’s two gap down sessions that cleared below all of their major moving averages & continued downward & include a shooting star & dragonfly doji midweek.
Their 1.81% distribution yield for long-term holders is not very much protection against further downside, making it imperative to have some form of an insurance strategy in place for any open long-positions.
MCHI has support at the $43.91 (Volume Sentiment: Sellers, 1.71:1), $42.18 (Volume Sentiment: Even, 1:1), $41.45 (Volume Sentiment: Sellers, 2.17:1) & $41.22/share (Volume Sentiment: Sellers, 2.17:1) price levels, with resistance at the $44.60 (Volume Sentiment: Sellers, 1.19:1), $45.70 (Volume Sentiment: Sellers, 2.41:1), $45.97 (10 Day Moving Average; Volume Sentiment: Sellers, 2.41:1) & $46.28/share (50 Day Moving Average; Volume Sentiment: Sellers, 1.2:1) price levels.
MCHI Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 2-3 Years
GNR, the SPDR S&P Global Natural Resources ETF has nudged ahead +6.93% over the past year, declining -15.21% from their 52-week high in January of 2023, but gaining +11.6% from their 52-week low in July of 2022 (ex-distributions).
GNR ETF – SPDR S&P Global Natural Resources ETF’s Technical Performance Over The Past Year
Their RSI is on the oversold end of neutral at 41.96, with their MACD being bearish.
Recent trading volumes have been below average for the year prior, with two gap down sessions last week & a dragonfly doji on Thursday & a -1.61% gap down doji session further confirming near-term uncertainty among investors.
Their 4.29% distribution yield will provide some protection against losses, insurance would be wise to have in the coming weeks against further declines.
GNR has support at the $51.50 (Volume Sentiment: Even, 1:1), $51.27 (Volume Sentiment: Even, 1:1), $51.01 (Volume Sentiment: Even, 1:1) & $50.48/share (Volume Sentiment: Sellers, 1.32:1) price levels, with resistance at the $52.80 (Volume Sentiment: Sellers, 1.18:1), $54.02 (Volume Sentiment: Sellers, 1.56:1), $54.06 (10 Day Moving Average; Volume Sentiment: Sellers, 1.56:1) & $54.36/share (50 Day Moving Average; Volume Sentiment: Sellers, 1.56:1) price levels.
GNR Price:Volume Levels At Current Price & Neighboring Price Levels That Contain Support & Resistance Points From The Past 4-5 Years
Tying It All Together
This week starts off on a quiet note, with no major data announcements on Monday, and Carnival reporting earnings.
Tuesday we get Durable-Goods Orders & Durable-Goods Minus Transportation data at 8:30 am, followed by the S&P Case-Schiller Home Price Index (20 Cities) at 9 am, and New Home Sales & Consumer Confidence data at 10 am.
Also on Tuesday, Walgreens Boots Alliance, AeroVironment, Jefferies & Schnitzer Steel will report earnings.
Wednesday kicks off at 8:30 am with Advanced U.S. Trade Balance in Goods, Advanced Retail Inventories & Advanced Wholesale Inventories, followed by Fed Chair Powell speaking at 9:30 am.
BlackBerry, General Mills, H.B. Fuller, Korn/Ferry, Micron Technology, National Beverage & Worthington Industries all report earnings on Wednesday.
Thursday at 2:30 am Fed Chair Powell is set to speak, followed by Initial Jobless Claims data at 8:30 am & Pending Homes Sales data will be reported at 10 am.
Nike, Greenbrier, McCormick, Paychex, Rite Aid, Simply Good Foods are among the earnings reports set for Thursday.
Friday morning will be busy on the data front, beginning at 8:30 am with Personal Income (nominal), Personal Spending (nominal), PCE Index, Core PCE Index, PCE (year-over-year) & Core PCE (year-over-year), followed by the Chicago Business Barometer at 9:45 am & Consumer Sentiment (final) data at 10 am.
Constellation Brands will also report earnings on Friday.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM, DIA, ARGT, ITB, ELD, EWP, POTX, ERX, MCHI, or GNR AT THE TIME OF PUBLISHING THIS ARTICLE ***
The Price:Volume analysis 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 NAIL ETF’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.
NAIL, The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF’s Price:Volume Sentiment Broken Down
NAIL, The Direxion Daily Homebuilders & Supplies ETF’s Technical Performance Over The Past Year
Their RSI is approaching overbought at 69.13 & their MACD is beginning to show signs of cooling down & rolling over bearishly.
Recent trading volumes have been below average compared to the year prior, signaling that investors are beginning to cool off & become hesitant of buying more shares in the near-term, although their price has continued to climb.
Yesterday’s dragonfly doji candlestick also signals that there may be a reversal on the horizon, which also supports the waning volume in confirming the near-term weakness on the horizon.
The list below can be used to identify how investors have generally behaved at the price levels listed over the past year, which can be beneficial as a resource during a correction in the ETF’s price.
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 (there is no data for their resistance levels as they are near the highest price level of the past year).
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.
Also, as there is such a wide spread between many price levels having activity data, many of the levels are marked NULL, as there was limited volume data for them, and they were not included in the long list below unless they were relevant to support/resistance levels.
NAIL, The Direxion Daily Homebuilders & Supplies ETF’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
NAIL, The Direxion Daily Homebuilders & Supplies ETF’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
NAIL, The Direxion Daily Homebuilders & Supplies ETF’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
NAIL, The Direxion Daily Homebuilders & Supplies ETF’s Volume By Price Level
$64 – Buyers – 1.3:0*; -5% From Current Price– 10 Day Moving Average
$62 – Buyers – 0.6:0*; -8% From Current Price
$61 – Buyers – 1.5:1; -9% From Current Price
$60 – Buyers – 2.5:1; -11% From Current Price
$58 – Buyers – 0.4:0*; -14% From Current Price
$56 – Buyers – 1.3:0*; -17% From Current Price
$55 – Sellers – 2.18:1; -18% From Current Price
$54 – Buyers – 5.75:1; -20% From Current Price – 50 Day Moving Average
$53 – Sellers – 1:0*; -21% From Current Price
$52 – Buyers – 2.31:1; -23% From Current Price
$51 – Even – 1:1; -24% From Current Price
$50 – Buyers – 3.2:0*; -26% From Current Price
$49 – Buyers – 1.05:1; -27% From Current Price
$48 – Sellers – 2.8:0*; -29% From Current Price
$47 – Buyers – 3.8:0*; -30% From Current Price
$46 – Sellers – 1.89:1; -32% From Current Price
$45 – Buyers – 2.3:0*; -33% From Current Price
$44 – Buyers – 1.05:1; -35% From Current Price
$42 – Sellers – 2.5:0*; -37% From Current Price
$41 – Buyers – 3.73:1; -39% From Current Price
$40 – Buyers – 1.54:1; -40% From Current Price
$39 – Buyers – 1.38:1; -42% From Current Price
$38 – Buyers – 1.58:1; -43% From Current Price – 200 Day Moving Average
$37 – Sellers – 3:0*; -45% From Current Price
$36 – Buyers – 0.5:0*; -46% From Current Price
$35 – Sellers – 1.8:1; -48% From Current Price
$34 – Buyers – 2.1:0*; -49% From Current Price
$33 – Buyers – 2.8:1; -51% From Current Price
$32 – Sellers – 2.6:1; -52% From Current Price
$31 – Buyers – 3.72:1; -54% From Current Price
$30 – Buyers – 1.32:1; -55% From Current Price
$29 – Sellers – 2.33:1; -57% From Current Price
$28 – Buyers – 1.2:1; -58% From Current Price
$27 – Sellers – 1.17:1; -60% From Current Price
$26 – Sellers – 3.08:1; -61% From Current Price
$25 – Sellers – 1.13:1; -63% From Current Price
$24 – Buyers – 1.24:1; -64% From Current Price
$23 – Sellers – 4.87:1; -66% From Current Price
$22 – Buyers – 4.17:1; -67% From Current Price
$21 – Sellers – 2.67:2; -69% From Current Price
$20 – Sellers – 3.1:0*; -70% From Current Price
$19.50 – Sellers- 2.5:0*; -71% 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 NAIL 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 NAIL AT THE TIME OF PUBLISHING THIS ARTICLE ***
Oracle Corp. stock has reached new all time highs in 2023 & has climbed +110.79% (ex-dividends) from their 52-week low in September of 2022.
Most of these gains have come from their cloud computing & A.I. products & services.
43.57% of ORCL stock’s outstanding share float is owned by institutional investors & they are a major holding in many ETFs, including IGV (8.81%), IETC (7.25%), TDIV (3.07%) & many more.
The Price:Volume analysis 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 ORCL 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.
Oracle Corp. ORCL Stock’s Price:Volume Sentiment Broken Down
Oracle Corp. ORCL Stock’s Technical Performance Over The Past Year
Their RSI is very overbought at 87.72, mostly due to Monday’s gap up occurring while their RSI was already in overbought territory.
Their MACD is also very bullish right now, with recent volumes being well above average showing enthusiasm among investors & traders.
As they are at an all-time high, it is important to understand how investors have behaved over time at various price levels, which is what is outlined below.
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 (there is no data for their resistance levels as they are at an all time high).
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.
Also, as there is such a wide spread between many price levels having activity data, many of the levels are marked NULL, as there was limited volume data for them, and they were not included in the long list below unless they were relevant to support/resistance levels.
Oracle Corp. ORCL Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
Oracle Corp. ORCL Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
Oracle Corp. ORCL Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
The list & image above paint the picture as to how investors & traders have behaved at various price levels that ORCL 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 ORCL AT THE TIME OF PUBLISHING THIS ARTICLE ***
Kroger Co. stock trades under the ticker KR & has shown recent bullish behavior that traders & investors should research further into for when they establish an uptrend.
KR stock closed at $45.90/share on 6/14/2023.
Kroger Co. KR Stock’s Technical Performance Broken Down
Kroger Co. KR Stock’s Technical Performance Over The Past Year
KR Stock Price: $45.90
10 Day Moving Average: $46.19
50 Day Moving Average: $47.75
200 Day Moving Average: $46.12
RSI: 41.63
MACD: -0.534, -0.555, 0.021
Yesterday, KR stock completed a bullish MACD crossover, however their price gapped down -2.77% this morning.
Their RSI is at 41.63, which is trending back towards oversold, after being around the neutral 50 point before today’s session.
Recent trading volumes have been lighter than average compared to the year prior, as investors are digesting the Federal Reserve rates decision that was delivered yesterday & figuring out how it will impact their allocations in the near-term, with the uncertainty being further underscored by yesterday’s spinning top candlestick.
Investors should be watching how KR stock behaves at support levels in the near-term to assess where they might like to make an entry into a position once the market returns to a stable uptrend.
KR stock has support at the $45.75 (Volume Sentiment: Buyers, 1.54:1), $45.15 (Volume Sentiment: Buyers, 1.54:1) , $44.72 (Volume Sentiment: Buyers, 1.59:1) & $44.43/share (Volume Sentiment: Buyers, 1.59:1) price levels, with resistance at the $46.12 (Multiple Touch-points, including 200 Day Moving Average; Volume Sentiment: Sellers, 1.22:1), $46.13 (Volume Sentiment: Sellers, 1.22:1) , $46.19 (10 Day Moving Average; Volume Sentiment: Sellers, 1.22:1) & $46.62/share (Volume Sentiment: Sellers, 1.22:1) price levels.
Long-term oriented investors will like KR stock’s 15.43 P/E (ttm), but may find their 3.37 P/B (mrq) to be a bit higher than they’d like.
They recently reported 5.4% Quarterly Revenue Growth Y-o-Y, with -20.2% Quarterly Earnings Growth Y-o-Y, which investors may want to dig deeper into.
Their balance sheet will also require a more thorough review, with $1.01B of Total Cash (mrq) & $20.48B of Total Debt (mrq).
KR stock pays a 2.1% dividend, which appears to be sustainable in the long-term, as their payout ratio is 30.72%.
80.98% of KR stock’s outstanding share float is owned by institutional investors.
Kroger Co. KR Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in KR stock’s price, while protecting their portfolio from broader market volatility.
I am looking at the contracts with the 7/21 expiration date.
The $45, $42 & $44 call options are all in-the-money, listed from highest to lowest level of open interest.
The $46, $48 & $47 puts are also all in-the-money, with the former strike being more liquid than the latter two.
Tying It All Together
KR stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their dividend yield & valuation metrics, but may want to look more deeply into their recent growth performance & balance sheet structure before investing.
Traders will like their recent technical performance, as well as how liquid their options are.
All-in-all, it is worth taking a closer look into how KR stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN KR STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Broadcom Inc. stock has had a fantastic 2023, rising +111.83% (ex-dividends) from their 52-week low in October of 2022.
Much like other semiconductor industry peers, their price trend has been a very stable trajectory over the past year.
83.99% of AVGO’s outstanding share float is owned by institutional investors, and they are a major holding in many popular ETFs including SOXL (7.95% target, per their prospectus), USD (11.63%), SMH (5.4%) & many more.
The Price:Volume analysis seeks to display the volume at specific share-price levels from over the past year & is intended to serve as a reference point for how investors viewed AVGO 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.
Broadcom Inc. AVGO Stock’s Price:Volume Sentiment Broken Down
Broadcom Corp. AVGO Stock’s Technical Performance Over The Past Year
AVGO stock’s RSI is currently overbought at 78.98, with their MACD still bullishly trending upwards, as they’ve continued to climb higher after late May’s gap up session.
While the past week’s volumes have subsided a bit, the past month has seen above average volume compared to the year prior, signaling enthusiasm among investors & traders.
AVGO stock’s 10 Day Moving Average is $816.79, their 50 Day Moving Average is $683.47 & their 200 Day Moving Average is $572.97.
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 (there is no data for their limited resistance levels).
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.
Also, as there is such a wide spread between many price levels, many of the resistance levels are marked NULL, as there was limited volume data for them & they were not included in the long list.
Broadcom Corp. AVGO Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
Broadcom Corp. AVGO Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
Broadcom Corp. AVGO Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
AVGO Stock’s Volume By Price Level
$810 – Buyers – 7.5:0
$805 – Buyers – 4.6:0*
$800 – Sellers – 3.48:1
$790 – Sellers – 1.27:1
$785 – Sellers – 3.1:0*
$725 – Buyers – 2.6:0*
$685 – Buyers – 1.9:0*
$680 – Buyers – 1.2:0*– 50 Day Moving Average
$675 – Sellers – 1.62:1
$655 – Buyers – 1.2:0*
$640 – Buyers – 2.8:0*
$635 – Buyers – 1.95:1
$630 – Buyers – 1.82:1
$625 – Buyers – 1.77:1
$620 – Sellers – 5.5:1
$615 – Sellers – 4.5:1
$610 – Sellers – 1.15:1
$600 – Buyers – 2:0*
$595 – Buyers – 1.55:1
$590 – Buyers – 2.28:1
$585 – Sellers – 3:0*
$580 – Buyers – 5.5:0*
$575 – Buyers – 1.90:1
$570 – Sellers – 6.75:1– 200 Day Moving Average
$565 – Buyers – 3:0*
$560 – Buyers – 2.1:0*
$555 – Buyers – 3:1
$550 – Buyers – 1.11:1
$545 – Sellers – 4.24:1
$540 – Sellers – 1.4:1
$535 – Buyers – 2:0*
$530 – Sellers – 1:0*
$525 – Buyers – 0.7:0*
$520 – Buyers – 2.08:1
$515 – Buyers – 1.09:1
$510 – Sellers – 1.73:1
$505 – Buyers – 1.55:1
$500 – Sellers – 1.09:1
$496 – Buyers – 1.85:0*
$472 – Buyers – 1.1:0*
$464 – Buyers – 2.1:0*
$460 – Sellers – 3.1:0*
$456 – Buyers – 1.5:0*
$452 – Buyers – 1.92:1
$448 – Sellers – 1.62:1
$440 – Buyers – 1.5:0*
$436 – Sellers – 2.2:0*
$428 – Buyers – 1.18:1
$424 – Sellers – 1.5:0*
$420 – Sellers – 3.2:0*
Tying It All Together
The list & image above paint the picture as to how investors & traders have behaved at various price levels that AVGO 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 AVGO AT THE TIME OF PUBLISHING THIS ARTICLE ***
NVIDIA Corp. has been one of the stock market’s biggest darlings this year, climbing +275.53% since their 52-week low n October of 2022.
Their share price has been in a relatively consistent upward trajectory since October, with a only a few hiccups along the way.
NVDA is also a major holding in many ETFs that have been performing well this year, including SOXL (8.81%, per prospectus), USD (29.6%), SMH (17.3%) & many others.
The Price:Volume analysis seeks to display the volume at specific share-price levels from over the past year & is intended to serve as a reference point for how investors viewed NVDA 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.
NVIDIA Corp. NVDA Stock’s Price:Volume Sentiment Broken Down
NVIDIA Corp. NVDA Stock’s Technical Performance Over The Past Year
As the chart shows, NVDA has had an excellent year, which was pumped up even higher by a gap up at the end of May.
Their RSI is currently overbought at 70.3 & their MACD is still bullish, but has cooled off in the past week as their price consolidated around the gap up’s range.
NVDA stock’s 10 Day Moving Average is $392.75, their 50 Day Moving Average is $312.75 & their 200 Day Moving Average is $208.98.
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 (there is no data for their limited resistance levels).
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 reported as is as we are accounting for volume/sentiment.
Also, as there is such a wide spread between price levels, many of the resistance levels are marked NULL, as there was limited volume data for them & they were not included in the long list.
NVIDIA Corp. NVDA Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
NVIDIA Corp. NVDA Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
NVIDIA Corp. NVDA Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year
NVDA Stock’s Volume By Price Level
$400 – Buyers – 4.75:0*
$396 – Buyers – 3.1:0*
$392 – Sellers – 2.4:0*
$388 – Buyers – 2.3:1
$384 – Buyers – 1.11:1
$376 – Buyers – 1.53:1
$372 – Buyers – 2.5:0*
$316 – Buyers – 3.8:0*
$312 – Sellers – 2.3:0*
$308 – Sellers – 2:0*
$304 – Sellers – 5.5:0*
$300 – Buyers – 2.2:0*
$292 – Buyers – 2.3:0*
$288 – Buyers – 8:0*
$284 – Sellers – 1.78:1
$280 – Sellers – 3.3:0*
$276 – Buyers -5.89:1
$272 – Buyers – 1.67:1
$268 – Buyers – 1.51:1
$264 – Sellers – 1.67:1
$260 – Buyers – 1.56:1
$256 – Buyers – 6.5:0*
$252 – Buyers – 3:0*
$240 – Buyers – 7.6:0*
$236 – Buyers – 7.7:0*
$232 – Sellers – 2.98:1
$228 – Buyers – 2.39:1
$224 – Sellers – 4.4:0*
$220 – Buyers – 8.9:0*
$216 – Buyers – 2.48:1
$212 – Sellers – 5.2:0*
$208 – Sellers – 1.38:1
$204 – Buyers – 1.19:1
$200 – Buyers – 2.7:0*
$196 – Buyers 2.4:0*
$194 – Buyers – 2.6:0*
$192 – Buyers – 5.8:0*
$190 – Buyers – 1.23:1
$180 – Buyers – 3.25:0*
$178 – Buyers – 2.8:0*
$176 – Buyers – 1.08:1
$174 – Buyers – 2.2:0*
$172 – Sellers – 2.1:0*
$170 – Buyers – 5:0*
$168 – Sellers- 1.27:1
$166 – Sellers – 1.45:1
$164 – Buyers – 2.6:1
$162 – Sellers – 1.63:1
$160 – Buyers – 2.1:1
$158 – Sellers – 1.73:1
$156 – Buyers – 1.18:1
$154 – Sellers – 2.5:0*
$152 – Sellers – 6.6:0*
$148 – Buyers – 2:0*
$146 – Buyers – 3.6:0*
$144 – Buyers – 4.8:0*
$142 – Sellers – 1.86:1
$140 – Sellers – 1.32:1
$138 – Buyers – 2.6:0*
$136 – Sellers 2.3:0*
$134 – Buyers – 2.07:1
$132 – Sellers – 3.3:0*
Tying It All Together
The list & image above paint the picture as to how investors & traders have behaved at various price levels that NVDA 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 NVDA AT THE TIME OF PUBLISHING THIS ARTICLE ***
It’s no surprise that semiconductors have been leading the charge throughout 2023, as they have been one of the strongest performing areas of the market.
After publishing about SOXL in this week’s weekly market review I decided to dig a bit deeper into how well they’ve performed by doing a price:volume analysis, as they & other semiconductor ETFs have been atop my technical analysis ratings system output seemingly every week in recent memory.
Before we begin the analysis, let’s address who SOXL is.
The more popular semiconductors are in the market, the better SOXL will perform, ideally at 3x.
As more & more investors want to get exposure to the space, they can provide an easy way to profit, but also come with their own additional risk (3x gains can be counteracted by 3x losses, after-all…).
Some of their largest holdings include NVDA, TXN, AVGO & others, which you can find at the link to their prospectus three paragraphs above for more information.
Volume is a measure of investor enthusiasm (or lack thereof) & we are going to review how investor sentiment has been at various price levels, as well as pointing out what the dominant sentiment at various levels of support & resistance have been in the past year & change.
SOXL ETF’s Price:Volume Analysis Breakdown
As mentioned earlier, SOXL has had a strong year from a technical standpoint amongst other ETFs, driven by the outperformance of the underlying stocks in the industry.
SOXL ETF’s Technical Performance Over The Past Year
Their share price has appreciated +319.74% since their 52-week low in October of 2022 (ex-distributions & using their price from 1:04pm on 6/13/23 as denoted in the upper right hand corner of the chart).
After taking their support levels (I had to go to a 2 year chart to find resistance as they’re above their 52-week high) I constructed this list, which not surprisingly has limited/no data for the prices that are above their current share price.
Note that the prices in bold denote a moving average, which are treated as support/resistance levels themselves.
SOXL ETF’s Volume By Price Level, Including At Support & Resistance Levels From The Past One to Two Years
The list below maps out the volume sentiment at 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 reported as is as we are accounting for volume/sentiment.
SOXL Volume By Price Level:
$27 – NULL – 0:0*
$26 – NULL – 0:0*
$25 – NULL – 0:0*
$24 – Buyers – 0.75:0*
$23 – NULL – 0:0*
$22 – Buyers – 1.75:1 (10 Day Moving Average is $22.49)
$21 – Buyers – 1.33:1
$20 – Sellers – 2.5:1
$19.50 – Buyers – 1.45:1
$19 – Buyers – 2.29:1
$18.50 – Buyers – 2.3:0*
$18 – Buyers – 2.25:0*
$17.50 – Buyers – 2.89:1
$17 – Buyers – 1.14:1 (50 Day Moving Average is $17.09)
$16.50 – Buyers – 1.36:1
$16 – Sellers – 1.85:1
$15.50 – Sellers – 1.56:1
$15 – Even – 1:1
$14.50 – Buyers – 1.46:1
$14 – Sellers – 1.43:1
$13.50 – Buyers – 1.20:1 (200 Day Moving Average)
$13 – Buyers – 1.55:1
$12.50 – Buyers – 1.01:1
$12 – Buyers – 2.44:1
$11.50 – Sellers – 2.35:1
$11 – Sellers – 2.17:1
$10.50 – Buyers – 2.69:1
$10 – Buyers – 1.97:1
$9.50 – Sellers – 1.01:1
$9 – Sellers – 1.47:1
$8.50 – Buyers – 1.12:1
$8 – Sellers – 7:0*
$7.50 – Buyers – 1.89:1
$7 – Buyers – 2.81:1
$6.50 – Sellers – 2.6:0*
$6 – NULL – 0:0*
The two year chart is below:
SOXL ETF’s Technical Performance Over The Past Two Years
Tying It All Together
The list & image above paint the picture as to how investors & traders have behaved at various price levels that SOXL 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.
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 SOXL AT THE TIME OF PUBLISHING THIS ARTICLE ***
The Travelers Cos., Inc. stock trades under the ticker TRV & has shown recent bullish signals that traders & investors should research further into.
TRV stock closed at $174.77/share on 6/12/2023.
The Travelers Cos., Inc. TRV Stock’s Technical Performance Broken Down
The Travelers Cos., Inc. TRV Stock’s Technical Performance Over The Past Year
TRV Stock Price: $174.77
10 Day Moving Average: $173.24
50 Day Moving Average: $175.99
200 Day Moving Average: $175.36
RSI: 47.78
MACD: -0.92, -0.966, 0.047
Yesterday, TRV stock completed a bullish MACD crossover, despite closing -0.47% on the day’s session.
Their RSI is on the oversold end of neutral at 47.78, with trading volumes in recent sessions being below average compared to the year prior, signaling uncertainty among investors.
The past week has featured some spinning top candlesticks & a doji, all of which were contained inside of their moving averages noted above, which is where most price action clumped.
TVR has support at the $174.74 (Volume Sentiment: Even, 1:1), $173.24 (10 Day Moving Average; Volume Sentiment: Buyers, 2.69:1), $171.58 (Volume Sentiment: Buyers, 1.67:1) & $171.04/share (Volume Sentiment: Buyers, 1.67:1), with resistance at the $174.82 (Volume Sentiment: Even, 1:1), $175.36 (200 Day Moving Average; Volume Sentiment: Even, 1:1), $175.92 (Volume Sentiment: Even, 1:1) & $175.99/share (50 Day Moving Average; Volume Sentiment: Even, 1:1) price levels.
The Volume Sentiment for the $176-177.99/share price level is favoring the sellers, 1.07:1.
TRV Stock’s Volume Sentiment At Neighboring Price Levels
The Travelers Cos., Inc. TRV Stock As A Long-Term Investment
Long-term oriented investors will like TRV stock’s valuation metrics, with a 14.87 P/E (ttm) & a 1.75 P/B (mrq).
They recently reported 10.2% Quarterly Revenue Growth Y-o-Y, with -4.2% Quarterly Earnings Growth Y-o-Y, which is something that should be looked deeper into before investing.
Their balance sheet will also require a more thorough review, with $4.01B of Total Cash (mrq) & $7.29B of Total Debt (mrq).
TRV stock pays a 2.12% dividend, which appears to be sustainable in the long-run, as their payout ratio is 31.66%.
85.4% of TRV stock’s outstanding share float is owned by institutional investors.
The Travelers Cos., Inc. TRV Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in TRV stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 7/21 expiration date.
The $175, $170 & $165 call options are all in-the-money, listed from highest to lowest level of open interest.
The $180, $185 & $190 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
TRV stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their dividend yield, as well as their valuation metrics, but may want to look deeper into their balance sheet.
Traders will like their recent technical performance, as well as how liquid their options are.
Overall, it is worth taking a closer look into how TRV stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN TRV STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
