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ServiceNow has been resting for months, and now some traders may think the software company is ready to move again. The first pattern on today’s chart is the price area around $960. It was the peak in late April and the low early last month. NOW pulled back to hold that level yesterday and bounced. Second, the 50-day simple moving average swung up to visit the...

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Walmart has snoozed for months, but some traders may think it’s waking up. The first pattern on today’s chart is the price range on either side of roughly $95. The retail giant peaked at that level in early December and is back near the same location more than six months later. That indicates a period of consolidation has occurred. Second, a weekly low of $93.43...

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Technology stocks have been coming to life recently, and some traders may expect new highs soon. The first pattern on today’s chart of the SPDR Select Sector Technology Fund is last July’s peak around $238. As the fund retreated from that level, it began a period of underperformance. (See ratio chart in the lower study.) The weakness continued through April, when...

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Bank of America squeezed into a range, and now it may be breaking out. The first pattern on today’s chart is $44.84, the high on March 4 as the megabank gapped lower. It spent more than a month pushing against that level while making higher lows. The resulting ascending triangle is a potentially bullish continuation pattern. Second, BAC closed above the...

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GE Aerospace has been rallying, and now it’s pulled back. The first pattern on today’s chart is the steady advance in April and May that established GE at its highest levels since 2001. Is an accumulation phase underway? Second is the May 23 close of $232.79. The industrial stock tested and held it yesterday after lingering above it all last week. That could...

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Tesla bounced between early April and late May, but now it may be stalling. The first pattern on today’s chart is the weekly low of $331.39 from May 22. TSLA fell below that level two weeks ago and was rejected at the same price area last week. Has old support become new resistance? Second, the stock has fallen under its 8- and 21-day exponential moving averages...

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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...