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Alphabet sinks 12.6% and slips below its 100-week moving average
Alphabet stock drops 12.6% and slips below its 100-week average, in the 281 area: a third straight loss, and the heaviest. Technical analysis: the sell signal holds, with the MACD below zero and first support in the 277 area.
Societe Generale gains 2.2%, but the 20-day average turns the bounce back
Societe Generale gains 2.2%, but the 20-day average turned the bounce back and the week closed low in its range. In this Societe Generale stock technical analysis, MACD sits under its Signal line for a 10th week; for price action trading, the 58.6 and 63.5 areas frame the range.
GLD, the gold ETF, drops 3%: 100-week average lost, money flow turns negative
GLD, the gold ETF, fell 3%, lost its 100-week average and set a fresh 30-week low. This GLD technical analysis shows money flow below zero after 11 weeks: for swing trading, the price action stays bearish and the trade setup keeps working.
Gilead stock jumps 9.4% and closes past its old all-time high as the ADX keeps rising
Gilead stock jumps 9.4% and closes past its old all-time high, with the weekly RSI at 72. Technical analysis of one of the US stocks with weekly buy signals: the trend is gaining conviction, and the last session's soft close is worth watching.
Gerdau stock slips 0.4% in a week that set both a new 30-day high and a new 30-day low
Trading latinoamerica: Gerdau stock slips 0.4% in a week that set a new 30-day high and a new 30-day low, confirming neither at the close. In this trade setup the MACD stays below its Signal line and money flow, still negative, is improving.
Gafisa stock plunges 43.6%: a new Sell signal fires with the RSI already oversold
Gafisa stock plunges 43.6% as a new Sell signal fires with the weekly RSI oversold at 25, a case to follow for trading latinoamerica. Our technical analysis reads a violent drop between the 0.23 and 0.20 areas, a trade setup our model rates high-risk for new shorts.
GE Vernova rebounds 5.3% but closes back below its 50-week average
GE Vernova rebounded 5.3%, tagged the 200-day average in the 905 area and closed back below its 50-week average, in the 875 area. GE Vernova stock technical analysis: the short is 5.9% in profit and swing trading calls for caution.
GE Aerospace rebounds 5.7% but stalls below its 50-week average
GE Aerospace stock recovers 5.7% after last week's 9% drop and stalls below its 50-week average, in the 313 area. Technical analysis stays mixed for swing trading: a distribution phase is underway, the MACD keeps sliding and money flow is negative.
Generali edges up 0.9% as the 50-day average caps the recovery again
Generali stock rises 0.9%, but the 50-day average, in the 42.9 area, caps the recovery again on contracting volumes. Among Italian stocks, this technical analysis finds a decline with no fresh push: ADX down for 6 weeks, money flow improving.
The FTEC ETF slips 1.9% and loses the 20-week average it had just defended
FTEC, the Fidelity US technology sector ETF, drops 1.9% and loses its 20-week average, with a new 30-day low in the 275 area. FTEC technical analysis stays bearish on weak price action: for swing trading this basket of tech stocks, opening now is not recommended.
Fortinet stock sinks 24.4%: new Sell signal lands just above the 50-week average
Fortinet stock sinks 24.4% and triggers a new Sell signal, with price just above the 50-week average. Technical analysis shows a weak MACD and money flow negative again among tech stocks, yet this trade setup opens at high risk on our model.
Fortis gains 1.2%: MACD back above its signal line after 13 weeks, earnings on November 3
Fortis gains 1.2% and the weekly MACD crosses back above its signal line after 13 weeks, just below the all-time high in the 59.4 area. Fortis stock technical analysis stays bullish among utility stocks, up 5.2% in the trade, with earnings on November 3.
First Solar stock gains 1.4% after a new 30-week low in the 166 area
First Solar stock set a new 30-week low in the 166 area, then recovered to close the week up 1.4%. Technical analysis shows a decline losing pace, with the ADX falling for 11 weeks and money flow still negative; the short stands at +14.7%.
FMC hits a fresh 90-week low, then ends the week up 22.8% after 7 straight declines
FMC set a fresh 90-week low in the 4.4 area, then closed the week up 22.8%, ending 7 straight declines. In this technical analysis of FMC stock, one of the US stocks on a sell signal, the picture stays bearish: money flow and MACD remain negative.