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Eli Lilly has been one of the best-performing large-cap stocks in recent years. But now it may be showing signs of stalling. The first pattern on today’s chart is the bearish price gap on October 30 after earnings and revenue missed estimates. LLY has remained below the gap since, which may suggest that new resistance has been established. Second, the recent...

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Web-acceleration company Fastly hit a record low over the summer, but now there could be signs of a rebound. The first pattern on today’s chart is the bearish price gap in May after the release of weak guidance. FSLY is now pushing into that gap, which could make some traders see potential for more upside. Second are the lower lows and lower highs through...

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Crude oil has been limping for most of this year, and now some traders may see risk of a bigger drop. The first pattern on today’s chart is the relentless series of lower highs since September 2023. The trend lines along these peaks have dropped at steeper angles, which potentially reflects increased selling pressure. The second pattern is the series of slightly...

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Nvidia has been mostly quiet since the summer, but some traders may think another move to the upside is coming. The first pattern on today’s chart is the August high of $131.26. NVDA broke above this level in the first of October and then pulled back to test it in three different weeks. Has old resistance become new support? Second, the 50-day simple moving...

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Oracle has been making new highs since the summer, and some trend followers may see opportunity in its latest pullback. The first pattern on today’s chart is the October high of $178.61. ORCL ripped above that level after the election, followed by a slide in the last week. It probed near the old high on Tuesday before bouncing. The results were a hammer...

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Halliburton has rallied since late October, but some traders may think it’s near a top. The first pattern on today’s chart is the June low of $32.60. The oil servicer consolidated below that level in August before accelerating downward. It’s now stalling around the same area, which may suggest that resistance is still in effect. Second, the series of higher lows...

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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...