KEY
TAKEAWAYS
- Development Continuation
- Breakouts
- Momentum Affirmation
- Bull Flags
Prime 5 Shares in “Go” Developments
Development Continuation on Rising Momentum
GoNoGo Charts® spotlight low-risk alternatives for pattern participation with intuitive icons immediately within the worth motion. The resurgence of momentum within the route of the underlying worth pattern is a superb entry alternative, or the possibility to scale up positions.
GoNoGo Icons® illuminate these occasions on the chart with inexperienced stable circles (or purple circle to focus on continuation of NoGo tendencies). When GoNoGo Development® is portray blue or aqua bars, a inexperienced stable circle will seem under worth every time GoNoGo Oscillator® finds help at zero.
Under are the highest 5 shares/ETFs in “Go” tendencies with surging momentum by quantity within the S&P 500 as of the every day closing worth motion:
StockCharts Scan for GoNoGo “Go” Development Continuation
Apple, Inc. (AAPL)
§ GoNoGo Icons signaled a pattern continuation on Friday (05/31/24).
§ After a pointy reversal final Friday, worth climbed larger ending the week on sturdy “Go” situations portray blue bars again at prior highs.
§ GoNoGo Oscillator discovered help on the zero line this week, constructing a small squeeze earlier than rising constructive on Thursday and Friday.
§ AAPL has traded on gentle relative quantity for the previous three weeks.
Financial institution of America Corp. (BAC)
§ GoNoGo Development returned to sturdy blue “Go” situations to conclude the buying and selling week simply above prior highs at $40/share.
§ After a heavy wide selection of buying and selling Thursday, worth closed proper again up on the open.
§ GoNoGo Icons signaled a pattern continuation on Friday (05/31/24).
§ GoNoGo Oscillator ended the week in constructive territory discovering help at zero.
§ Quantity picked up throughout Friday’s sturdy rally.
Arch Capt. Grp. Ltd. (ACGL)
§ GoNoGo Development sustained “Go” situations, although it softened to weak kind aqua bars the second half of the buying and selling week.
§ GoNoGo Icons signaled a pattern continuation on Friday (05/31/24).
§ GoNoGo Oscillator ended the week in constructive territory after testing the zero line on heavy relative quantity.
Keurig Dr Pepper Inc. (KDP)
§ GoNoGo Development returned to sturdy blue “Go” situations to finish this buying and selling week.
§ This restoration follows weakening pattern situations and corrective worth motion.
§ GoNoGo Icons signaled a pattern continuation on Friday (05/31/24).
§ GoNoGo Oscillator retested and located help on the zero line for the 4th time in Could displaying a cluster of continuation icons.
§ GoNoGo Squeeze® constructed small grids as momentum compressed on the impartial zero line for the 2nd time previously two buying and selling weeks.
§ Momentum broke to constructive territory on Friday – this time rallying on heavy relative quantity.
J.P. Morgan Chase & Co. (JPM)
§ GoNoGo Development ended the buying and selling week on sturdy blue “Go” situations.
§ GoNoGo Icons signaled a pattern continuation on Friday (05/31/24).
§ GoNoGo Oscillator entered the buying and selling week on the impartial zero line, constructing a squeeze, earlier than breaking again into constructive territory once more on Friday.
§ JPM is buying and selling on gentle relative quantity.
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Tyler Wooden, CMT, co-founder of GoNoGo Charts, is dedicated to increasing using information visualization instruments that simplify market evaluation to take away emotional bias from funding selections.
Tyler has served as Managing Director of the CMT Affiliation for greater than a decade to raise buyers’ mastery and talent in mitigating market threat and maximizing return in capital markets. He’s a seasoned enterprise government centered on instructional know-how for the monetary companies business. Since 2011, Tyler has offered the instruments of technical evaluation around the globe to funding companies, regulators, exchanges, and broker-dealers.
