Common moving average periods for Support/Resistance?
Naa…
Applied Materials $AMAT, for example, beautifully respects its 290/332-week SMAs as its weekly MA support band- since 2015!
The name reports earnings on Thursday AMC.
Advanced Micro Devices $AMD rides its 20d SMA/28d EMA MA support band.
Rigetti Computing $RGTI reports earning on Tuesday AMC.
The daily MA support band it has been respecting (138/142-day SMAs) is still there, just in case, now @ $11.40.
Once CoreWeave $CRWV cleared its daily & weekly resistance bands (8d SMA/9d EMA, 5/6w SMAs), buyers opened their pockets.
Will they continue doing so after the company reports earnings on Tuesday AMC?
Pony AI $PONY reports earnings on Tuesday BMO. Its recently respected MA support band is @ $13.10-13.40
Sea $SE reports earnings on Tuesday BMO. In case price drops, market participants may be waiting at these support lines @ ~$128-129:
Daily: 208/9-day SMAs
Weekly: 45-week SMA
In the last 3 weeks, Circle Internet Group $CRCL traded down along its daily and hourly MA resistance bands.
The name reports earnings on Tuesday BMO.
CAVA Group $CAVA reports earnings on Tuesday AMC.
Price hovers below its daily and weekly MA resistance bands for quite some time now. That may change this week.
Chewy $CHWY respects its 46-week SMA as support.
Must break above its 6-week SMA to pivot.
It’s amazing that Strategy $MSTR still respects its weekly MA support band since 2023!
They may meet soon again and trigger some action.
Super Micro Computer $SMCI has a special historical relationship with its 125/140-day EMA lines.
To change its trajectory, Pfizer’s $PFE price needs to break above its 63-week SMA and 64-week EMA resistance lines.
DraftKings’ $DKNG 162/163-week SMAs are ready to support the price (currently slightly > $31) in case it breaks below $40.
Wayfair $W rides the 21/22-day SMAs, might need to catch up now.
Same on the weekly, with the 6-week SMA/8-week EMA.
Yum! Brands $YUM uses its best respected weekly MA support band as a basketball court.
239/294-week SMAs.
The Trade Desk $TTD came all the way down to its monthly MA support band (current open candle excluded from MA calc). Some might find this an entry point.
What an interesting week for Aspen Aerogels $ASPN!
Hit a high of $9.78, BUT –
Weekly: closed above its MA ex-resistance-now-support.
Daily: Did not close above its MA resistance band… It is in between S&R.
CRISPR Therapeutics $CRSP came back to retest its previous MA resistance band it previously broke above. Might be the turning point/level.
Remember when fuboTV $FUBO broke below its weekly MA support (140-week EMA)?
Well, it reclaimed it. Next resistance is the 202-week SMA (@ $4.37), then the 177-week EMA (@ $4.61).
