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Weekly Stock & ETF Market Review 7/2/2023

SPY, the SPDR S&P 500 ETF gained +2.32% over the past week, much of which came from Friday’s +1.18% gap up session.

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 about to enter overbought territory at 69.69 & their MACD is bullish.

Last week’s trading volumes were above average compared to the year prior, signaling confidence behind their price action in investors’ eyes.

However, Wednesday’s spinning top & Friday’s shooting star candlestick are signaling that there will be a cool down period in prices in the near-term, especially when combined with the other indicators.

Their 10 day moving average will be the first major test of support.

SPY has support at the $436.67 (10 Day Moving Average; Volume Sentiment: Sellers, 1.32:1), $424.79 (Volume Sentiment: Sellers, 1.24:1), $420.53 (50 Day Moving Average; Volume Sentiment: Sellers, 1.30:1) & $415.18/share (Volume Sentiment: Buyers, 3:1) price levels, with resistance (all on 2 year chart) at the $447.43 (Volume Sentiment: Buyers, 1.14:1), $452.69 (Volume Sentiment: Sellers, 1.25:1), $460.87 (Volume Sentiment: Buyers, 1.5:0*) & $468.78/share (Volume Sentiment: Buyers, 3.33:1) price levels.

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

QQQ, the Invesco QQQ Trust ETF added +1.9% over the past week, mostly due to Friday’s +1.54% gap up after spending the week in a consolidation range.

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 is trending towards overbought conditions, with their MACD bearishly falling.

Last week’s trading volumes were relatively average compared to the year prior, with the candlesticks for the week adding more color to how investors are feeling about QQQ.

The first four days of the week traded in a relatively tight range, with Thursday closing with a hanging man candlestick, projecting bearish sentiment.

Friday’s candle’s open to closing price range all took place on the lower range of the candle overall, which also paints a cautious attitude among investors.

QQQ has support at the $364.42 (10 Day Moving Average; Volume Sentiment: Buyers, 1.16:1), $340.79 (50 Day Moving Average; Volume Sentiment: Sellers, 1.2:1), $332.05 (Volume Sentiment: Sellers, 3.2:1) & $312.77/share (Volume Sentiment: Sellers, 3.64:1) price levels, with resistance at the $372.34 (Volume Sentiment: Sellers, 1:0*), $374.55 (Volume Sentiment: Sellers, 1:0*), $377.97 (Volume Sentiment: Buyers, 1.33:1) & $400.45/share (Volume Sentiment: NULL, 0:0*) price levels.

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

IWM, the iShares Russell 2000 ETF climbed +3.71% over the past week, as small caps were the favorite among investors for the week.

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 towards overbought at 61.19, with their MACD bullish.

Recent volumes this past week were above average compared to the year prior, but Friday’s filled in, but bullish hanging man candle casts a foreboding shadow around a week of solid growth & performance for IWM.

IWM has support at the $186.81 (Volume Sentiment: Buyers, 1.91:1) $185.44 (Volume Sentiment: Buyers, 1.75:1), $184.17 (10 Day Moving Average; Volume Sentiment: Buyers, 1.75:1) & $183.56/share (Volume Sentiment: Sellers, 1.23:1) price levels, with resistance at the $187.48 (Volume Sentiment: Buyers, 1.91:1), $189.24 (Volume Sentiment: Sellers, 1.19:1), $197.98 (Volume Sentiment: Buyers, 1.31:1) & $198.74/share (Volume Sentiment: Buyers, 1.5:1) price levels.

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

DIA, the SPDR Dow Jones Industrial Average ETF improved +1.98% over the past week, in large part thanks to Friday’s +0.79% gap up session.

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 towards overbought, with a bullish MACD.

Recent volumes this past week were slightly below average compared to the year prior.

Friday’s spinning top candle will make it important to watch the window created by the day’s gap up, as well as the support that the 10 day moving average provides in the near-term for when trying to figure out where there price is heading next.

DIA has support at the $341.08 (Volume Sentiment: Buyers, 1.71:1), $340.36 (Volume Sentiment: Buyers, 1.71:1), $340.04 (Volume Sentiment: Buyers, 1.71:1) & $339.94/share (10 Day Moving Average; Volume Sentiment: Buyers, 1.01:1), with resistance at the $343.94 (Volume Sentiment: Buyers, 1.71:1), $345.73 (Volume Sentiment: Even, 1:1), $346.22 (Volume Sentiment: Even, 1:1) & $347.93/share (Volume Sentiment: Even, 1:1) price levels.

DIA ETF's Price Level:Volume Sentiment From Over The Past 1-2 Years — DIA ETF’s Price Level:Volume Sentiment From Over The Past 1-2 Years

Let’s dive into some of the best & worst performing geo-locations & industries in the market based on technical ratings from this week’s data!

Greece (GREK), Information Technology (FTEC), U.S. Infrastructure Development (PAVE) & Self Driving EV & Tech (IDRV) Are All Bullishly Leading The Market

GREK, the Global X MSCI Greece ETF has gained +64.96% over the past year, climbing +79.03% since their 52-week low in September of 2022 (ex-distributions).

GREK ETF - Global X MSCI Greece ETF's Technical Performance Over The Past Year — GREK ETF – Global X MSCI Greece ETF’s Technical Performance Over The Past Year

Their RSI is approaching overbought conditions at 67.56, with their MACD primed to bullishly crossover in the coming days.

Recent trading volumes have been above average, showing that investors are confident in GREK at the moment, but they did dip under their 10 day moving average last week, indicating that the support was broken & may not be strong in the near-term.

Last week’s candlesticks had a few spinning tops, a large gap up on Thursday & a doji to close the week on Friday, which also hints at upcoming weakness on the horizon.

While they offer a 2.44% distribution yield to long-term holders, investors would be wise to have an options position for insurance against losses in the near-term, such as selling calls or buying puts, while watching their behavior at support levels.

GREK has support at the $36.97 (Volume Sentiment: NULL, 0:0*), $36.39 (10 Day Moving Average; Volume Sentiment: NULL, 0:0*), $35.21 (Volume Sentiment: NULL, 0:0*), $33.75/share (50 Day Moving Average; Volume Sentiment: NULL, 0:0*), with resistance at the (11 year chart) $43.93 (Volume Sentiment: NULL, 0:0*), $46.86 (Volume Sentiment: NULL, 0:0*), $48.65 (Volume Sentiment: NULL, 0:0*) & $50.09/share (Volume Sentiment: NULL, 0:0*) price levels.

GREK ETF's Price Level:Volume Sentiment From The Past 7-8 Years — GREK ETF’s Price Level:Volume Sentiment From Over The Past 7-8 Years

FTEC, the Fidelity MSCI Information Technology ETF has improved +36.04% over the past year, including a +51.57% gain since their 52-week low in September of 2022 (ex-distributions.)

FTEC ETF - Fidelity MSCI Information Technology ETF's Technical Performance Over The Past Year — FTEC ETF – Fidelity MSCI Information Technology ETF’s Technical Performance Over The Past Year

Their RSI is approaching overbought conditions at 66.62, with their MACD curling upwards looking to bullishly crossover.

Recent trading volumes have been about average, but last week’s candlesticks do not paint the rosiest of outlook pictures.

Most of the price action of the first three sessions of last week was centered around the bottom of each daily candles’ range, except for Tuesday whose real body was the majority of the candle, with small shadows on top & bottom, showing that prices favored being lower.

Thursday’s dragonfly doji followed by Friday’s +1.57% gap up & shooting star candlestick do not signal strength & the window created by the gap will be an interesting place to watch to see if it fills in in the near-term.

FTEC pays a modest 0.69% distribution yield to long-term shareholders, which provides limited cushion against losses, making it important to have some form of insurance using options in order to prevent near-term losses.

FTEC has support at the $128.19 (10 Day Moving Average; Volume Sentiment: Sellers, 1.42:1), $120.07 (Volume Sentiment: Sellers, 2.16:1)$114.81 (Volume Sentiment: Sellers, 1.12:1) & $109.60/share (Volume Sentiment: Buyers, 1.29:1) price levels, with resistance at the $132.02 (Volume Sentiment: Buyers, 1.73:1) & $136.37/share (2022; Volume Sentiment: NULL, 0:0*) price levels.

FTEC ETF's Price Level:Volume Sentiment From Over The Past 1-2 Years — FTEC ETF’s Price Level:Volume Sentiment From Over The Past 1-2 Years

PAVE, the Global X U.S. Infrastructure Development ETF has added +38.22% over the past year, climbing +41.93% since their 52-week low in July of 2022 (ex-distributions).

PAVE ETF - Global X U.S. Infrastructure Development ETF's Technical Performance Over The Past Year — PAVE ETF – Global X U.S. Infrastructure Development ETF’s Technical Performance Over The Past Year

Their RSI is overbought at 74.24 & their MACD is bullish, after they spent late-May through June rallying ~14%.

Recent trading volumes have been above average compared to the year prior, confirming the rally in price.

There should be a near-term pullback in price, indicated by both the oscillators & Wednesday & Friday’s dragonfly doji candlesticks.

PAVE’s 0.7% distribution yield is not much in terms of protection against losses, so it would be wise to have an options strategy for loss protection up while waiting to see how they behave around support levels.

PAVE has support at the $30.51 (10 Day Moving Average; Volume Sentiment: Buyers, 0.2:0*), $30.14 (Volume Sentiment: Buyers, 0.2:0*), $29.84 (Volume Sentiment: Buyers, 1.83:1) & $28.46/share (Volume Sentiment: Buyers, 1.63:1) price levels, with no current resistance levels as they are at an all time high.

PAVE ETF's Price Level:Volume Sentiment From Over The Past 5-6 Years — PAVE ETF’s Price Level:Volume Sentiment From Over The Past 5-6 Years

IDRV, the iShares Self Driving EV & Tech ETF has gained +14.18% over the past year, gaining +28.41% since their 52-week low in October of 2022 (ex-distributions).

IDRV ETF - iShares Self Driving EV & Tech ETF's Technical Performance Over The Past Year — IDRV ETF – iShares Self Driving EV & Tech ETF’s Technical Performance Over The Past Year

Their RSI is trending towards overbought at 65.85 & their MACD has recently bullishly crossed over.

Recent volumes have been below average compared to the year prior though, signaling that investors are becoming less enthusiastic about IDRV recently.

The 10 day moving average will be an important support level to watch in the coming week, especially once the window that resulted from Friday’s +2.51% gap up session begins to close.

IDRV pays a 1.89% distribution yield for long-term holders, which does not provide much protection against losses, making it important to have some form of an options strategy for insurance along with any open position.

IDRV has support at the $39.93 (Volume Sentiment: Buyers, 1.04:1), $39.53 (10 Day Moving Average; Volume Sentiment: Buyers, 1.04:1), $38.99 (Volume Sentiment: Buyers, 1.11:1) & $38.78/share (Volume Sentiment: Buyers, 1.11:1) price levels, with resistance at the $41.36 (Volume Sentiment: Buyers, 1.25:1), $41.52 (Volume Sentiment: Buyers, 1.25:1), $41.81 (Volume Sentiment: Buyers, 1.25:1) & $43.16/share (Volume Sentiment: Sellers, 1.44:1) price levels.

IDRV ETF's Price Level:Volume Sentiment From Over The Past 3-4 Years — IDRV ETF’s Price Level:Volume Sentiment From Over The Past 3-4 Years

Regional Banking (KRE), Tail Risk (TAIL), Global Agriculture (FTAG) & China (GXC) Are All Bearishly Lagging The Market

KRE, the SPDR S&P Regional Banking ETF has fallen -28.71% over the past year, losing -40.68% since their 52-week high in August of 2022, but has gained +18.28% since their 52-week low in May of 2023 (ex-distributions).

KRE ETF - SPDR S&P Regional Banking ETF's Technical Performance Over The Past Year — KRE ETF – SPDR S&P Regional Banking ETF’s Technical Performance Over The Past Year

Their RSI is neutral at 48.62 & their MACD is looking to bullishly crossover in the coming sessions.

Recent trading volumes have been above average compared to the year prior, but Friday’s bearish engulfing candlestick hints at more downside risk on the horizon.

Last Monday kicked off with an inverted hammer candlestick, which signals a bullish reversal, but the top of the shadow will need to remain in tact after Friday’s close came close to it, breaking below the 10 day moving average, but remaining above the 50 day moving average.

KRE does offer a 3.76% distribution yield for long-term holders, but caution should be exercised in the near-term with KRE until they have established an uptrend from support levels.

KRE has support at the $40.28 (50 Day Moving Average; Volume Sentiment: ), $39.38 (Volume Sentiment: ), $38.09 (Volume Sentiment: ) & $35.43/share (Volume Sentiment: ) price levels, with resistance at the $40.90 (Volume Sentiment: ), $40.95 (10 Day Moving Average; Volume Sentiment: ), $41.06 (Volume Sentiment: ) & $41.18/share (Volume Sentiment: ) price levels.

KRE ETF's Price Level:Volume Sentiment From Over The Past 2-3 Years — KRE ETF’s Price Level:Volume Sentiment From Over The Past 2-3 Years

TAIL, the Cambria Tail Risk ETF has declined -20.6% over the past year, losing -24.72% from their 52-week high in July of 2022 & recently added +0.37% to their 52-week low in June of 2023 (ex-distributions).

TAIL ETF - Cambria Tail Risk ETF's Technical Performance Over The Past Year — TAIL ETF – Cambria Tail Risk ETF’s Technical Performance Over The Past Year

Their RSI is moving back towards oversold levels at 36.54, as their MACD is on the verge of a bearish crossover.

Recent trading volumes have been below average compared to the year prior, signaling investors are not overly confident in TAIL.

While they offer a 2.85% distribution yield for long-term holders, they’re currently trading at an all-time low, making that limited additional loss cushion still too risky until the price has begun to stabilize & trend back upwards.

TAIL has no current support levels as it is at an all-time low & has resistance overhead at the $13.72 (10 Day Moving Average; Volume Sentiment: ), $14.05 (Volume Sentiment: ), $14.14 (50 Day Moving Average; Volume Sentiment: ) & $14.27/share (Volume Sentiment: ) price levels.

TAIL ETF's Price Level:Volume Sentiment From Over The Past 4-5 Years — TAIL ETF’s Price Level:Volume Sentiment From Over The Past 4-5 Years

FTAG, the First Trust IndXX Global Agriculture ETF has lost -1.31% over the past year, falling -13.82% from their 52-week high in August of 2022, while improving +4.24% since their 52-week low in July of 2022 (ex-distributions).

FTAG ETF - First Trust IndXX Global Agriculture ETF's Technical Performance Over The Past Year — FTAG ETF – First Trust Indxx Global Agriculture ETF’s Technical Performance Over The Past Year

Their RSI is neutral at 51.16, with a flat MACD as their price sits between the 10 & 50 day moving averages.

Recent trading volumes have been lighter than average compared to the prior year, as investors are beginning to lack enthusiasm in FTAG’s price movements.

While Friday’s session was a +0.85% gap up, the candle is filled in as the price closed lower than it opened & with the shadow on the bottom of the candle there is still negative sentiment for FTAG.

They offer a 4.5% distribution yield for long-term holders, which does provide some cushion against losses, but it would be best to see which side they breakout & begin trending in in the near-term to mitigate risk.

FTAG has support at the $26.72 (10 Day Moving Average & 2 Touch-points; Volume Sentiment: ), $26.09 (Volume Sentiment: ), $25.44 (Volume Sentiment: ) & $25.43/share (Volume Sentiment: ) price levels, with resistance at the $26.98 (50 Day Moving Average; Volume Sentiment: ), $27.24 (Volume Sentiment: ), $27.32 (Volume Sentiment: ) & $27.33/share (Volume Sentiment: ) price levels.

FTAG ETF's Price Level:Volume Sentiment From Over The Past 9-10 Years — FTAG ETF’s Price Level:Volume Sentiment From Over The Past 9-10 Years

GXC, the SPDR S&P China ETF has shed -17.51% over the past year, dropping -20.25% since their 52-week high in July of 2022, but has recovered +22.3% since their 52-week low in October of 2022 (ex-distributions).

GXC ETF - SPDR S&P China ETF's Technical Performance Over The Past Year — GXC ETF – SPDR S&P China ETF’s Technical Performance Over The Past Year

Their RSI is trending back towards neutral at 45.44, but their MACD is still currently bearish.

Recent volumes have been above average compared to the year prior, but not consistently which still indicates indecision among investors.

Two Friday’s ago closed in a hammer, which was followed by last Monday’s session with a gavestone doji mostly in the same range.

The rest of the week was marked by gappy trading up & down, with a couple of dragonfly dojis midweek, making the range that they were gapping around an interesting level to watch in the near-term.

They offer a 2.94% distribution yield, but investors should wait for them to establish a trend before starting or adding to an existing position.

GXC has support at the $72.78 (Volume Sentiment: ), $72.66 (Volume Sentiment: ), $70.21 (Volume Sentiment: ) & $69.34/share (Volume Sentiment: ) price levels, with resistance overhead at the $73.84 (Volume Sentiment: ), $74.45 (10 Day Moving Average; Volume Sentiment: ), $75.23 (Volume Sentiment: ) & $75.72/share (50 Day Moving Average; Volume Sentiment: ) price levels.

GXC ETF's Price Level:Volume Sentiment From Over The Past 1-2 Years — GXC ETF’s Price Level:Volume Sentiment From Over The Past 1-2 Years

Tying It All Together

Monday kicks off with ISM Manufacturing & Construction Spending data at 10 am before the markets close early for the Fourth of July.

Tuesday the markets will all be closed in observance of Fourth of July.

Wednesday begins with ADP Employment data at 8:15 am, followed by Factory Orders data at 10 am & at 2pm the Minutes of the Fed’s June FOMC Meeting are released.

On Thursday Initial Jobless Claims & the U.S. Trade Deficit data are reported at 8:30 am & at 10 am Job Openings & ISM Services data are set to be reported.

Levi Strauss will report earnings on Thursday.

The week concludes with the U.S. Employment Report, U.S. Unemployment Rate, U.S. Hourly Wages & Hourly Wages Year-over-Year data all coming out at 8:30 am on Friday.

AZZ is set to report earnings on Friday.

See you back here next week!

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SPY, QQQ, IWM, DIA, GREK, FTEC, PAVE, IDRV, KRE, TAIL, FTAG, or GXC AT THE TIME OF PUBLISHING THIS ARTICLE ***

Price:Volume Sentiment Analysis For Amazon.com Inc. AMZN Stock

Amazon.com Inc. stock trades under the ticker AMZN & has had a strong year, gaining +58.79% since their 52-week low in January of 2023.

AMZN is featured in a number of popular ETFs, including ONLN (23.84%), VCR (23.32%), XLY (22.82%), RTH (20.34%), IEDI (14.42%), FDIS (21.36%) & many more.

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 AMZN 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.

Amazon.com Inc. AMZN Stock’s Price:Volume Sentiment Broken Down

Amazon.com Inc. AMZN Stock's Technical Performance Over The Past Year — Amazon.com Inc. AMZN Stock’s Technical Performance Over The Past Year

Using yesterday morning’s chart pictured above, AMZN’s RSI is currently trending back towards neutral from near overbought conditions at 62.44 & their MACD is currently trending bearishly after a recent consolidation period.

Recent trading volumes have been roughly average compared to the year prior, but their candlesticks are signaling hesitance by investors.

Friday of last week ended on a doji, with this week kicking off with a high upper shadow on a session that opened & closed on the lower ends of the candle.

Tuesday’s spinning top signaled further uncertainty, with Wednesday’s session resulting in a gravestone doji, hinting at a reversal being on the near-horizon.

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.

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.

Amazon.com Inc. AMZN Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year — Amazon.com Inc. AMZN Stock’s *Volume By Price Level, Including At Support & Resistance Levels From The Past Yea*r

Amazon.com Inc. AMZN Stock’s Volume By Price Level

$144 – Buyers – 0.8:0*, 12% From Current Price Level

$142 – Buyers – 5.25:1, 10% From Current Price Level

$140 – Sellers – 3.2:1, 9% From Current Price Level

$138 – Buyers – 2.5:1, 7% From Current Price Level

$136 – Sellers – 1.1:1, 6% From Current Price Level

$134 – Buyers – 2.7:0*, 4% From Current Price Level

$132 – Buyers – 1.15:1, 3% From Current Price Level

$130 – Sellers – 0.7:0*, 1% From Current Price Level

$128 – Buyers – 1.55:1, -1% From Current Price Level

$126 – Sellers – 2.63:1, -2% From Current Price Level

$124 – Buyers – 1.82:1, -4% From Current Price Level

$122 – Sellers – 1.33:1, -5% From Current Price Level

$120 – Buyers – 1.67:1, -7% From Current Price Level

$118 – Buyers – 2.5:1, -8% From Current Price Level

$116 – Buyers – 2.33:1, -10% From Current Price Level

$114 – Sellers – 2.06:1, -11% From Current Price Level

$112 – Buyers – 2.5:1, -13% From Current Price Level

$110 – Sellers – 1.07:1, -15% From Current Price Level

$108 – Buyers – 5.6:1, -16% From Current Price Level

$106 – Sellers – 1.07:1, -18% From Current Price Level

$104 – Buyers – 2.69:1, -19% From Current Price Level

$102 – Sellers – 1.35:1, -21% From Current Price Level

$100 – Buyers – 1.74:1, -22% From Current Price Level

$99 – Buyers – 2.5:1, -23% From Current Price Level

$98 – Sellers – 1.83:1, -24% From Current Price Level

$97 – Sellers – 1.07:1, -25% From Current Price Level

$96 – Sellers – 1.10:1, -26% From Current Price Level

$95 – Buyers – 1.89:1, -26% From Current Price Level

$94 – Buyers – 1.33:1, -27% From Current Price Level

$93 – Sellers – 1.70:1, -28% From Current Price Level

$92 – Sellers – 1.32:1, -29% From Current Price Level

$91 – Sellers – 2.5:0*, -29% From Current Price Level

$90 – Buyers – 1.11:1, -30% From Current Price Level

$89 – Sellers – 2.78:1, -31% From Current Price Level

$88 – Sellers – 2.89:1, -32% From Current Price Level

$87 – Sellers – 1.78:1, -32% From Current Price Level

$86 – Buyers – 1.8:0*, -33% From Current Price Level

$85 – Even – 1:1, -34% From Current Price Level

$84 – Even – 1:1, -35% From Current Price Level

$83 – Sellers – 2.4:0*, -36% From Current Price Level

$82 – Sellers – 0.8:0*, -36% 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 AMZN 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 AMZN AT THE TIME OF PUBLISHING THIS ARTICLE ***

Price:Volume Analysis For Alphabet Inc. GOOGL Stock

Alphabet Inc. stock trades under the ticker GOOGL & has had a strong 2023, gaining +41.44% since their 52-week low that occurred in November of 2022.

GOOGL is held by many popular ETFs, including VOX (GOOGL: 12.12%, GOOG: 10.04%), XLC (GOOGL: 10.12%, GOOG: 11.7%), IXP (GOOGL: 11.47%, GOOG: 9.92%), FFND (9.83%), GRZZ (9.36%), FFLS (8.89%) & many more.

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

Alphabet Inc. GOOGL Stock’s Price:Volume Sentiment Broken Down

Alphabet Inc. GOOGL Stock's Technical Performance Over The Past Year — Alphabet Inc. GOOGL Stock’s Technical Performance Over The Past Year

Their RSI is trending towards the oversold end of neutral at 42.7 & their MACD has been in a bearish freefall since the first week of June.

Recent trading volumes have been about average compared to the year prior, signaling that many investors were likely taking profits & rolling them into the rush to more semiconductor & AI-oriented names.

Last week’s candlestick’s gave interesting signals, with Thursday’s candle engulfing Wednesday’s bullishly, only for it to form a bearish harami pattern with Friday’s candle.

There is clear downwards pressure coming from the 10 day moving average, while the 50 day moving average seems to be holding the price up over yesterday & today’s sessions (chart was screenshot at 10:13 am on 6/28/2023).

Monday’s session still signals that the market wants them to consolidate lower, which will be something to watch for as the week winds down.

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.

Alphabet Inc. GOOGL Stock’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year — Alphabet Inc. GOOGL Stock’s *Volume By Price Level, Including At Support & Resistance Levels From The Past Yea*r

Alphabet Inc. GOOGL Stock’s Volume By Price Level

$126 – Buyers – 1.3:0*, +7% From Current Price

$124 – Buyers – 2.2:0*, +5% From Current Price

$122 – Sellers – 1.79:1, +3% From Current Price

$120 – Buyers – 1.36:1, +2% From Current Price – 10 Day Moving Average

$118 – Buyers – 5.22:1, 0% From Current Price

$116 – Buyers – 3.46:1, -2% From Current Price – 50 Day Moving Average

$114 – Sellers – 1.75:1, -3% From Current Price

$112 – Buyers – 4.24:1, -5% From Current Price

$110 – Sellers – 1.19:1, -7% From Current Price

$108 – Sellers – 1.95:1, -8% From Current Price

$106 – Sellers – 1.04:1, -10% From Current Price

$104 – Sellers – 1.63:1, -12% From Current Price

$102 – Sellers – 3.1:1, -13% From Current Price

$100 – Buyers – 2.16:1, -15% From Current Price – 200 Day Moving Average

$99 – Sellers – 1.05:1, -16% From Current Price

$98 – Buyers – 2:1, -17% From Current Price

$97 – Sellers – 2.17:1, -18% From Current Price

$96 – Buyers – 1.74:1, -19% From Current Price

$95 – Sellers – 4.41:1, -19% From Current Price

$94 – Sellers – 1.71:1, -20% From Current Price

$93 – Buyers – 3:1, -21% From Current Price

$92 – Sellers – 1.86:1, -22% From Current Price

$91 – Sellers – 2.33:1, -23% From Current Price

$90 – Sellers – 3.5:1, -24% From Current Price

$89 – Buyers – 4.83:1, -24% From Current Price

$88 – Buyers – 1.52:1, -25% From Current Price

$87 – Sellers – 1.7:1, -26% From Current Price

$86 – Sellers – 1.92:1, -27% From Current Price

$84 – Sellers – 1.3:0*, -29% 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 GOOGL has been at over the past one-to-two years.

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 GOOGL AT THE TIME OF PUBLISHING THIS ARTICLE ***

Price:Volume Analysis For WEBL, The Direxion Daily Dow Jones Internet Bull 3x Shares ETF

WEBL, the Direxion Daily Dow Jones Internet Bull 3x Shares ETF has performed well in 2023, gaining +111.35% since their 52-week low in November of 2022 (there is no distribution yield).

Much of their success is attributed to larger technology companies, which have been a haven of sorts for investors flocking after the momentum generated by the AI craze & into traditional trusted giants in a year marked by uncertainty.

Some of WEBL’s largest holdings include Amazon (9.4%), Alphabet – Class A (5.53%), Cisco (5.37%), Salesforce (5.28%), Alphabet – Class C (4.83%), Netflix (4.77%), PayPal Holdings (3.56%), AirBnB (2.86%) & Snowflake (2.86%).

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

WEBL, The Direxion Daily Dow Jones Internet Bull 3x Shares ETF’s Price:Volume Sentiment Broken Down

Direxion Daily Dow Jones Internet Bull 3x Shares WEBL ETF's Technical Performance Over The Past Year — Direxion Daily Dow Jones Internet Bull 3x Shares WEBL ETF’s Technical Performance Over The Past Year

Their RSI is neutral at 53.27, with their MACD bearish after consolidating over the past week & a half.

Recent trading volumes have been below average compared to the year prior, signaling uncertainty among investors & showing waning enthusiasm after the impressive gains of May 2023.

The 10 day moving average will act as an important level of support/resistance, as you can note in the chart that many of the shadows of daily candlesticks have brushed up against it on either side

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.

Direxion Daily Dow Jones Internet Bull 3x Shares WEBL ETF’s Volume By Price Level, Including At Support & Resistance Levels From The Past Year

Direxion Daily Dow Jones Internet Bull 3x Shares WEBL ETF’s Volume By Price Level

$35 – Buyers – 0.1:0*, +230% From Current Price

$33 – Sellers – 0.1:0*, +211% From Current Price

$32 – Buyers – 0.4:0*, +202% From Current Price

$31 – Even – 1:1, +192% From Current Price

$30 – Sellers – 0.1:0*, +183% From Current Price

$29 – Sellers – 0.3:0*, +173% From Current Price

$28 – Buyers – 0.1:0*, +164% From Current Price

$27 – Sellers – 0.1:0*, +154% From Current Price

$26 – Buyers – 0.2:0*, +145% From Current Price

$25 – Sellers – 0.1:0*, +136% From Current Price

$23 – Sellers – 0.2:0*, +117% From Current Price

$21 – Sellers – 0.1:0*, +98% From Current Price

$20 – Sellers – 0.1:0*, +89% From Current Price

$19 – Even – 1:1, +79% From Current Price

$17 – Sellers – 0.1:0*, +60% From Current Price

$16.50 – Sellers – 0.1:0*, +56% From Current Price

$15.50 – Sellers – 0.2:0*, +46% From Current Price

$14 – Even – 1:1, +32% From Current Price

$13.50 – Even – 1:1, +27% From Current Price

$13 – Buyers – 3.33:1, +23% From Current Price

$12.50 – Buyers – 4.5:1, +18% From Current Price

$12 – Buyers – 2.75:1, +13% From Current Price

$11.50 – Sellers – 1.13:1, +8% From Current Price

$11 – Buyers – 2.5:1, +4% From Current Price – 10 Day Moving Average

$10.50 – Buyers -4.5:1, -1% From Current Price

$10 – Buyers – 1.64:1, -6% From Current Price

$9.50 – Buyers – 1.03:1, -10% From Current Price

$9 – Sellers – 1.59:1, -15% From Current Price – 50 Day Moving Average

$8.50 – Sellers – 1.12:1, -20% From Current Price

$8 – Buyers – 1.02:1, -25% From Current Price

$7.50 – Even – 1:1, -29% From Current Price – 200 Day Moving Average

$7 – Buyers – 1.11:1, -34% From Current Price

$6.50 – Buyers – 1.19, -39% From Current Price

$6 – Sellers – 2.07:1, -43% From Current Price

$5.50 – Sellers – 1.13:1, -48% 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 WEBL has been at over the past one-to-two years.

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 WEBL AT THE TIME OF PUBLISHING THIS ARTICLE ***

Price:Volume Analysis For Lennar Corp. LEN Stock

Lennar Corp. stock trades under the ticker LEN & has had a very strong year, along with the other member’s of the homebuilders/construction industry.

LEN stock has climbed +81.62% (ex-dividends) from their 52-week low, which occurred approximately one year ago & set a new all-time high last week.

Some of the popular ETFs that contain LEN stock include ITB (12.65%), PKB (5.02%), XHB (3.88%), FTLS (2.52%), RCD (1.96%), RPV (2.09%), as well as many others.

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.

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.

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 ***

Price:Volume Analysis For DR Horton Inc. DHI Stock

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.

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.

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.

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 ***

Weekly Stock & ETF Market Review 6/25/2023

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.

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.

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, the iShares Russell 2000 ETF fell -2.89% this past week, as small cap stocks were the most fled from.

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, the SPDR Dow Jones Industrial Average ETF declined -1.69% over the past week, as even large cap names were not spared from the week’s selling pressure.

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 — 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, the iShares U.S. Home Construction ETF has gained +58.42% over the past year, earning +63.54% since their 52-week low in October of 2022 (ex-distributions).

ITB ETF - iShares U.S. Home Construction ETF's Technical Performance Over The Past Year — 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, the Wisdom Tree Emerging Markets Local Debt Fund ETF has improved +14.39% over the past year, edging up +16.44% since their 52-week low in October of 2022 (ex-distributions).

ELD ETF - Wisdom Tree Emerging Markets Local Debt Fund ETF's Technical Performance Over The Past Year — 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 — 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 — 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 — 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 — 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 — 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 ***

Price:Volume Analysis For NAIL, The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF

NAIL, the Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF has been one of the top performing ETFs in the market this past year, returning +254.89% (ex-distributions) since their 52-week low in October of 2022.

The ETF is powered by the strength in homebuilder data that we have witnessed, as well as in the supplies that go into construction.

Some of its largest holdings include D.R. Horton (15.04%), Lennar Corporation (13.12%), NVR (8.3), Pultegroup (6.48%), Sherwin Williams (4.45%), Home Depot (4.41%), Lowe’s (4.33%), Topbuild Corp (3.28%), Toll Brothers (3.04%) & Builders Firstsource (2.28%).

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 — 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.

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.

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.

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 ***

Price:Volume Analysis For Oracle Corp. ORCL Stock

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.

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.

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.

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

$122 – Buyers – 5:0*

$116 – Buyers – 8.75:0*

$108 – Buyers – 1.3:0*

$106 – Buyers – 2.6:0*

$104 – Buyers – 1.43:1

$102 – Buyers – 2:0*

$100 – Sellers – 0.7:0* – 50 Day Moving Average

$99 – Buyers – 1.1:0*

$98 – Sellers – 2.25:1

$97 – Buyers – 1.09:1

$96 – Buyers – 1.5:1

$95 – Buyers – 3.58:1

$94 – Sellers – 1.75:1

$93 – Buyers – 1.04:1

$92 – Buyers – 1.2:0*

$90 – Buyers – 1.4:1

$89 – Buyers – 2.36:1

$88 – Buyers – 2.58:1

$87 – Sellers – 1.73:1

$86 – Sellers – 1.51:1

$85 – Sellers – 1.88:1

$84 – Buyers – 5.5:1 – 200 Day Moving Average

$83 – Sellers – 1.4:1

$82 – Buyers – 1.67:1

$81 – Buyers – 2.17:1

$80 – Buyers – 1.20:1

$79 – Sellers – 1.38:1

$78 – Sellers – 1.07:1

$77 – Sellers – 1.33:1

$76 – Buyers – 2.75:1

$75 – Sellers – 1.85:1

$74 – Buyers – 1.69:1

$73 – Buyers – 1.03:1

$72 – Sellers – 1.02:1

$71 – Sellers – 1.36:1

$70 – Sellers – 1.44:1

$69 – Buyers – 1.22:1

$68 – Buyers – 1.94:1

$67 – Sellers – 7:1

$66 – Sellers – 1.03:1

$65 – Sellers – 4.73:1

$64 – Buyers – 2.75:1

$63 – Sellers – 1.9:1

$62 – Sellers – 1.65:1

$61 – Sellers – 1.78:1

$60 – Sellers – 2.1:0*

Tying It All Together

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.

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. KR Stock Analysis

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 — 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.

Kroger Co. KR Stock's Price:Volume Sentiment Analysis — Kroger Co. KR Stock’s Price:Volume Sentiment Analysis

Kroger Co. KR Stock As A Long-Term Investment

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 ***