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Snam gains 3.4% as the weekly MACD crosses above its signal line after 25 weeks
Snam stock gained 3.4% and set a new 30-day high as the weekly MACD crossed above its signal line after 25 weeks. Technical analysis shows solid price action, yet our model rates this swing trading setup as weak: one of the weekly buy signals to handle with care.
SPYM, the S&P 500 ETF, loses 0.6% and closes below the Inversion Point
SPYM, the S&P 500 ETF, lost 0.6% in a third straight down week and closed in the lower part of its range, on the 20-week average. SPYM technical analysis for swing trading: a trade setup with the MACD below its Signal line for 8 weeks and money flow falling for 4.
SPY (S&P 500): third weekly drop as the close crosses the Inversion Point
SPY, the S&P 500 ETF, posts a third straight weekly loss, 3.32% below its all-time high and past the Inversion Point in the 759 area. Technical analysis: a buy trade setup at +11.22% performance, with bearish price action and communication services down 5.32%.
SPTM slips 0.4% and closes a hair below its 20-week moving average
SPTM, the ETF tracking the S&P 1500 Composite, slips 0.4% and closes just under its 20-week average, in the 91.5 area. SPTM technical analysis: MACD below Signal for 8 weeks and money flow fading but still positive. For swing trading, watch support in the 90.9 area.
Spotify rises 1.6% to a new 30-week high, but the weekly close fails to confirm it
Spotify stock gains 1.6% and prints a new 30-week high in the 595 area, but the close stays below the old peak. The buy signal is holding: our technical analysis favors patience, with a swing trading entry only on a pullback.
Saipem gains 2.0% and defends its 20-week average, but the daily highs keep slipping
Saipem rose 2.0% and stays above its 20-week average, in the 4.34 area, but daily highs have been falling since mid-October. Saipem stock technical analysis: among Italian stocks on weekly buy signals, the trade stands at -1.95% and the 4.59 area is still unbroken.
S&P Global gains 3.6% and closes past its old 30-week high, a fourth straight up week
S&P Global rose 3.6%, a fourth straight up week, and closed past its old 30-week high. S&P Global stock technical analysis: among US stocks on weekly buy signals, the trade stands at +8.6%, with the MACD above its signal line and 5 higher lows in the price action.
SPEM drops 2.4% as weekly money flow turns negative after 12 weeks
SPEM, the emerging markets ETF, drops 2.4%, sets a new 90-day low and sees weekly money flow slip below zero. SPEM technical analysis: price action trading shows lower highs, and with price hugging the lows this is a high-risk trade setup for swing trading.
SPDW, the developed markets ETF, gains 0.6%, but money flow turns negative after 14 weeks
SPDW, the developed markets ex-US ETF, gains 0.6% and money flow drops below zero after 14 weeks. This SPDW technical analysis reads a weak bounce: a close in the lower part of the range and distribution underway, a trade setup to follow for swing trading.
SOXX, the semiconductor ETF, slips 1.4%: turned back by its averages, it loses the 200-day
SOXX, the semiconductor ETF, slips 1.4% and loses its 200-day average after a rejection at the cluster in the 515 area. This SOXX technical analysis finds money flow still negative: for swing trading the trend stays weak, and a fresh short is a high-risk trade setup.
Virgin Galactic gains 4.9%, but the 20-day average turns the rebound back
Virgin Galactic gains 4.9% but closes in the lower half of its range on contracting volume. For Virgin Galactic stock the sell signal is in week 3 and the decline is fading out: a trade setup to follow among US stocks, with earnings due on November 11.
SoFi jumps 14.7% past the short's stops, with money flow still negative
SoFi stock jumps 14.7% and closes past the Inversion Point, in the 16.32 area, with no change of sign from the model. Our technical analysis and price action trading read: money flow has been negative for 10 weeks, making this one of the financial stocks to watch.
Snowflake drops 5.9%, wipes out last week's rebound and triggers a Sell signal
Snowflake stock drops 5.9%, wiping out last week's rebound as a new Sell signal kicks in among US tech stocks. Technical analysis for swing trading and price action trading: the weekly MACD sits below its Signal line and the ADX is losing conviction.
Snap drops 15.8%, wiping out its ladder of higher lows in a single week
Snap stock slides 15.8%, losing its 20-week and 200-day averages in a single week, with the low back in the 5.2 area. Technical analysis of a swing trading setup, one of the US stocks to watch with earnings due on November 4.