Don't Ignore This Chart

StockCharts.com Icon
About this blog: The blog contains daily articles with intriguing or unusual charts selected by one of our Senior Technical Analysts, along with a short explanation of what exactly caught their attention and why they believe the chart is worth noting.

Latest Posts

Don't Ignore This Chart

Honeywell Bids to End Correction

by Arthur Hill

Honeywell (HON) kicked off earnings season for the big industrial stocks last week and surged on high volume. The stock is already in a long-term uptrend and the correction in the first half of 2018 appears to be ending. The stock is in a long-term uptrend because it hit a 52-week high in January and the PPO(10,40,0) is positive, which means the 10-week EMA is above the 40-week EMA. After hitting a 52-week high, the stock corrected with a falling wedge and decline to the 140 area (blue lines). Note that falling wedge patterns are typical for corrections within a Read More 

Don't Ignore This Chart

VF Corp (VFC) Sports New Highs

by Greg Schnell

VF Corp is a large cap stock with a wide brand portfolio. It wouldn't be a stretch to imagine at least one of their brands are in every household in North America. With this vast product portfolio and a hot jobs market with high employment, consumers could be stepping up to buy products. This could be a great time to get onboard with back to school, Thanksgiving and the run up to the holiday season. The chart suggests lots of investors getting onboard as the stock breaks out to fresh highs after consolidating. The SCTR has moved up above 90. The Full Read More 

Don't Ignore This Chart

A Momentum Divergence for the Regional Bank SPDR

by Arthur Hill

I do not use bullish and bearish divergences with momentum indicators very often because they usually form in the direction of the bigger trend. For example, most bearish divergences form in uptrends and most bullish divergences form in downtrends. I trade in the direction of the bigger trend and prefer to ignore such divergences. The Regional Bank SPDR (KRE) fits my divergence criteria because it is in a long-term uptrend. The long-term trend is up because the ETF recorded 52-week highs in mid-March and mid-June, and the 50-day EMA is above the 200-day EMA (not shown). Read More 

Don't Ignore This Chart

Why Gold Can Trade A Lot Lower

by Greg Schnell

With all the discussion of trade wars, recently the Chinese Yuan and the Japanese Yen have been falling. If a product is made in another country and the currency of that country drops, that makes the product less expensive to import for other countries. This is one method of dealing with trade imbalance. The total value of imported goods will drop bringing the trade imbalance closer in line. It could also mean more products get imported because other products are cheaper which doesn't solve the trade imbalance. A lower currency may create more imports rather than Read More 

Don't Ignore This Chart

Manitowoc (MTW) Tries To Change Trend

by Greg Schnell

Manitowoc is trying to break the downward trend. There are a few bullish signals on the chart. The Full Stochastic is moving above 50. The PPO is kicking off a buy signal this week. There is a little four month trend across the highs on the chart that could quickly be broken with a sudden surge. Late July 2017 was a fabulous surge to get on board for a 40% move.  If you are missing clues on signals in the market, follow me on Twitter and check out my Vimeo Channel often. Bookmark it for easy access! Read More 

Don't Ignore This Chart

Paypal (PYPL) Breaks Out After Consolidating For 6 Months

by Greg Schnell

Paypal (PYPL) has been consolidating for 6 months. and this week it is breaking out fresh new highs along with Visa And Mastercard. These are very supportive consolidation patterns. Anyone who bought the stock in the last 6 months is now in a profit position and less likely to be a seller. The SCTR shows Paypal outperforming 89% of the stocks. The full stochastic is holding above 80 which is very bullish. The PPO has pulled back and just broke the downtrend line. This is very bullish. Last weeks volume was anemic and this week's volume is very light after four days on a weekly volume bar Read More 

Don't Ignore This Chart

REGN reversing its downtrend?

by Julius de Kempenaer

On the Relative Rotation Graph that shows all members of the Health Care sector (XLV) against the XLV benchmark, REGN stands out in a positive way. On the weekly RRG, the stock is positioned inside the improving quadrant, close to leading and moving at a strong RRG-Heading while the week-to-week distances on the tail are increasing. When we bring REGN back to a regular chart there are a few technical observations to be made. In the first place the downtrend that was in play since mid-2017 was broken when price moved above the falling Read More 

Don't Ignore This Chart

TransOcean Floats To New Highs $RIG

by Greg Schnell

TransOcean (RIG) is starting to hit higher highs and higher lows. This weeks high continues the trend. The SCTR shows the stock being a top performing Mid Cap for the last three months. The full stochastic shows the price staying near the high end of its range. The green line shows the closing price relative to history. Clearly the momentum is up and the stock looks set to continue. With lots of energy stocks continuing to soar to new highs, a broad move is happening. Here is the fresh new July 8th edition of the Commodity Countdown. I Read More 

Don't Ignore This Chart

NOK/JPY, a FOREX pair trade from RRG

by Julius de Kempenaer

Relative Rotation Graphs are not only used to look at sector-rotation or help with asset allocation decisions but can also help you to pinpoint potential forex trades. Most currency traders are short-term orientated so the RRG above is a daily chart showing the rotation of the Norwegian Krone and the Japanese Yen vs the US dollar. You can easily re-create this chart by selecting the pre-defined group "G10-FX USD base" from the drop-down box on the RRG page and set the interval to daily. The chart will show all G10 currencies related to the USD. Ie, 9 currencies Read More 

Don't Ignore This Chart

Alibaba Keeps Trying To Hold The Breakout (BABA)

by Greg Schnell

Alibaba has been consolidating for about 9 months after a huge climb in 2017. Friday marked a fresh surge out of a small base around the 200 day moving average. The relative strength has been flat since August of last year. This is shown in the purple area chart. This means that the stock is performing in line with the $SPX, rather than outperforming the index like it was on the left side of the chart. This location on the chart has some benefits for taking a long position on Alibaba (BABA). First of all, a stop around $187 would suggest the stock is not done consolidating yet. This means Read More 

Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!