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Palantir fell a month ago. Now, after a period of consolidation, some traders may look for the software stock to recover. The first pattern on today’s chart is the tight volatility squeeze, illustrated by Bollinger Bandwidth in the lower study. Will the narrow price action be followed by a period of expansion? Second is Tuesday’s last price of $22.10. It was the...

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Amazon.com has flirted with new highs for almost two months, and some investors may see an opportunity in its current pullback. The first pattern on today’s chart is the price zone around $175. It was a low on April 30, immediately before AMZN jumped on strong earnings. The e-commerce stock tested and held the level on Friday, followed by a bullish inside candle...

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Bond yields are converging before some big events this month. Today’s idea studies the yield on the 10 Year Treasury note. It is arguably the most important chart in financial markets given the current focus on interest rates. Upside in TNX has punished sentiment on various occasions, so potential downside signals could be especially noteworthy for risk...

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American Express broke out to record highs in January. Now after six weeks of tight price action, some traders may expect further upside. The first pattern on today’s chart is the jump on April 19 after earnings beat estimates. AXP cleared the late-March closing high around $229 and proceeded to retest and hold that same level on May 3. So, the current month’s...

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3M is emerging as a potential turnaround story following years of downside. Now trend followers may take interest in its latest pullback. The first pattern on today’s chart is the trio of high-volume bullish candles since early March. MMM raised guidance, spun off its Solventum NYSE:SOLV health-care division and then ended with a consensus-beating quarterly...

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Seagate Technology has been consolidating near long-term highs, and some traders may expect a breakout. The first pattern on today’s chart is the rally between May 3 and May 16. The data-storage company retraced half that move before continuing upward. That may confirm it’s moving higher. Next, the bounce occurred above the May 13 weekly low and the 21-day...

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This is a conceptual strategy intended for E-mini S&P 500 futures with hourly bars. It uses three signals, going long or short when two or more change in the same direction. First is MACD. A positive oscillator is considered a bullish signal and a falling oscillator is interpreted bearishly. Next, stochastics are used as an overbought/oversold indicator....

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Moving average crosses are popular signals for trend followers. Like many conditions, they tend to reverse after a certain amount of time. Today’s script is designed to help traders visualize and interpret these turns. Bars Since MA Cross counts how many bars have passed since a fast-moving average crossed a slower MA. Bullish readings, with the faster MA above...

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The Relative Strength Index was created by J. Welles Wilder to measure overbought and oversold conditions. It’s also found popularity as an overall measure of direction because upward-trending stocks often hit overbought conditions. The opposite can be true with underperformers. Today’s custom script, RSI Past, attempts to capture this secondary use of RSI as a...

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Many technical analysts use moving average crosses to assess trend changes. A faster-moving MA crossing above a slower-moving line may be viewed as a bullish signal. The opposite can apply to the downside. While these methods may help analyze price direction, they can often force traders to wait until the cross occurs. Sometimes it may be useful to anticipate the...

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There are many price-based techniques for anticipating the end of a move. However, the simple passage of time can also help because bull markets don’t last forever. While old age doesn’t necessarily cause investors to sell, a reversal becomes more likely the longer a trend lasts. So, how long have prices been going up? There are various ways to measure that. Our...

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Moving averages are one of the most common indicators in the world of technical analysis. And they’re often the ingredients of more complex indicators like MACD. Today’s script shows how long prices have been moving in a given direction. Similar to our earlier Price Streak script, MA Streak counts the number of sessions that the average is rising or falling. It...