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Sandisk drops 7.0% and loses its 50-week average in a 6th straight down week
Sandisk stock falls 7.0%, loses its 50-week average and sets a fresh 30-day low in the 1115 area. Among memory stocks, the sell signal stands: price action trading points to distribution, and for swing trading a fresh short is high-risk right now.
SNDL stock drops 3.9% as the 20-week average caps the rebound, money flow turns negative
SNDL drops 3.9% after 2 up weeks: the rebound stalls under the 20-week average and money flow turns negative. For SNDL stock, technical analysis and weak price action call for caution on this trade setup, since the sell signal never got confirmed.
NuScale Power bounces 4.5%, but the weekly MACD turns lower after 28 weeks
NuScale Power bounces 4.5% after 4 straight weekly losses, but the weekly MACD crosses lower and money flow keeps weakening. On technical analysis NuScale stock stays in strong distribution, one of the US stocks to watch with November 5 earnings and gap risk ahead.
Super Micro Computer stock ends the week at 0.0%, with lower highs ahead of earnings
Super Micro Computer stock ends the week at 0.0%: the rebound to the 36 area was rejected, leaving a third lower high on the daily chart. Technical analysis of a sell signal under observation, with weak price action and earnings due on November 3.
SLB gains 1.3% and flips to a buy signal, but price stays inside the daily Kumo
SLB gains 1.3% and flips from short to a new Buy signal, yet price stays inside the daily Kumo. SLB stock joins the stocks with a fresh buy signal, and our technical analysis flags high risk: we would wait for a pullback to the 51.6 area.
Shopify drops 6.6% and loses its 20-day average on the eve of earnings
Shopify stock drops 6.6% and loses its 20-day average, with November 3 earnings looming. Technical analysis stays bullish above the 50-day average, in the 155 area, yet the price action shows lower highs: one of the tech stocks on weekly buy signals to handle with care.
Saint-Gobain gains 1.4% and reclaims its 20-day moving average
Saint-Gobain stock rose 1.4% and moved back above its 20-day moving average, in the 67.4 area, which had turned it back a week ago. In technical analysis terms the trade setup stays on the sell side, with money flow negative for 9 weeks and price action in distribution.
Safilo gains 2.8% and sets a fresh 30-day high, with weekly money flow still negative
Safilo stock gains 2.8%, its 6th straight weekly rise, and sets a fresh 30-day high in the 1.98 area. The price action shows higher lows on the daily chart, but weekly money flow stays below zero: our technical analysis of this swing trading setup.
SolarEdge sheds 9.8%, hits a 30-week low and claws back before the weekly close
SolarEdge stock drops 9.8% and hits a 30-week low in the 28 area, without confirming it at the close. The daily Kumo floor, in the 34 area, turned it away again, and November 4 earnings put it among the US stocks to watch for swing trading.
SCHX ETF slips 0.5% as money flow turns negative after 23 weeks
SCHX, the Schwab US large-cap ETF, slips 0.5% as a fresh Sell signal kicks in and money flow turns negative after 23 weeks. SCHX technical analysis shows weakening price action, yet this trade setup leaves swing trading little room: a new short is high risk.
Charles Schwab drops 2.8%: 4 lower highs and money flow sliding
Charles Schwab drops 2.8% with 4 lower highs on the daily chart while the financial sector rises. In this technical analysis the stock stays on a sell signal, with the MACD below zero: price action trading for swing trading among us stocks.
SCHF ETF gains 0.7%, but the 20-week average turns the bounce away
SCHF, the Schwab international equity ETF, rose 0.7% and stalled under its 20-week average, in the 27.4 area. SCHF technical analysis: money flow stays negative, the sell signal is live, and swing trading eyes the lows in the 26.6 area.
The SCHE ETF slips 2.3% and this time closes below its old 90-day low
SCHE, the Schwab emerging markets ETF, slips 2.3% and closes below its old 90-day low, now reset in the 34 area. SCHE technical analysis shows a sell signal under observation: the swing trading setup is flagged not recommended, and the trading strategy stays on hold.
SCHB slips 0.4% and loses its 20-week average as money flow stays negative
SCHB, the Schwab ETF on the broad market of US stocks, slips 0.4% and closes below its 20-week average, in the 29.1 area. This SCHB technical analysis shows negative money flow and an unconfirmed new low: for swing trading, price action leads.