Here’s Kratos Defense & Security Solutions’ $KTOS close ABOVE its weekly moving average resistance triad.
Not with a strong conviction, but that counts as a start. Let’s see what next week brings.
CRISPR Therapeutics $CRSP ($56.18) gets close, again, to its descending weekly moving average resistance triad, the 250/252/262-week SMAs ($58.29-$61.58).
On the monthly, price is glued to its MA resistance line from below.
Something may be brewing.
Third week now that Alibaba Group Holding $BABA ($124.22) trades away from its weekly MA once-support-now-resistance cluster.
However, the monthly chart reveals that price is held by its MA support cluster (22/23/26-month SMAs @ $118.38-$126.08).
Similar to 5 weeks ago, Spotify Technology $SPOT pauses right at its weekly moving average resistance cluster.
Next bar – breaking above resistance, or printing a red one, similar to 4 weeks ago?
Pfizer $PFE ($26.18) follows through on the bounce off its weekly moving average support band.
MA resistance awaits @ $28.11-$28.50.
DoorDash $DASH is setting up. It continues squeezing into the narrowing space between its converging weekly moving average support and resistance clusters.
A move is imminent.
Zeta Global Holdings $ZETA ($22.89) flies high off its daily moving average support cluster, the 5/6-day EMAs & 7-day SMA (@ $19.62-$20.55).
On Friday, Rivian Automotive $RIVN reclaimed its recently broken weekly MA support triad.
By doing so, it kept its head above its ascending *monthly* MA support band, registered in March ’25.
Impressive!
Gorilla Technology Group $GRRR shot up last week off its weekly MA support cluster.
Stock @ $20.48, first MA resistance band prints @ $22.47-$23.91.
Remember how Editas Medicine $EDIT hit its long-term weekly MA resistance band in Oct. ’25?
Well, it tried 5 additional times since then, including one time that it closed above resistance.
Last week, price closed slightly above resistance, once again.
Friday was the first day since the May 5th drop that PayPal Holdings $PYPL opened and closed the daily session above its 8d EMA & 12/14d SMAs.
Compare that with the price action around these lines after the February drop.
Jumia Technologies $JMIA continues respecting its daily and weekly MA support triads.
That looks great!
But, at one point, that consolidation will end. Get ready.
eToro Group $ETOR continues breaking above its MA resistance lines.
Last week, price started ABOVE the lower line of the weekly MA resistance band (42w EMA) and ended right at the upper line of the band (47w EMA).
Wkly MA support nicely ascends.
Breaking! Palantir Technologies $PLTR broke ABOVE its converging weekly moving average support and resistance clusters, with a green elephant candle.
