Volume, Price Analysis Indicate Tech Stocks Could Keep Charging Higher This Week

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 39 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 53%

Nasdaq 100 Noticias

S&P 500,Microsoft Corporation,Invesco QQQ Trust

Stocks Analysis by Anna Coulling covering: Nasdaq 100, S&P 500, Microsoft Corporation, Invesco QQQ Trust. Read Anna Coulling's latest article on Investing.com

As a trader or investor, the weekly chart is a great tool to get a big picture of any market or instrument. It helps to eliminate price fluctuations caused by fundamental releases and news, giving us a better perspective on where we stand in the price cycle. Let’s consider the weekly chart for theto illustrate this point as we have several volume price analysis signals that would have alerted us to the type of price action we could expect in the following week.

However, the reversal candle, although accompanied by above-average volume was still anomalous given the range of the candle. It also triggered the volatility indicator which displays when the price action is outside the ATR. This almost always results in the price action retracing into the spread of the candle, which is exactly what happened here. In addition, the reversal candle also bounced on the anchored VWAP giving us confidence that QQQ was likely to move higher.

New traders often wonder why poor economic data can drive a market higher rather than lower and vice-versa. In this instance, the fall in the number of jobs created signals a weakening economy today and here traders and investors will be focused on the take-up and yield.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 450. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Mixed Performance in Asian Stocks as Japanese Markets Rebound, Chinese Stocks FallAsian stocks were a mixed bag on Monday as Japanese markets rebounded from sharp losses seen last week, while Chinese stocks fell amid renewed concerns over the country’s property market.
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Status of the stocks: Record-low number of stocks on overfishing list in 2023Ongoing positive trends continued into last year
Fuente: NOAA - 🏆 160. / 63 Leer más »