SoFi Technologies $SOFI is challenged by its descending weekly moving average resistance band, the 44/46-week EMAs.
Support and resistance converge, capture price in between. For now.
Nokia Oyj $NOK retests its previously broken weekly moving average support cluster, that became resistance.
Resistance: 9/10/11-week SMAs @ $10.38-$10.90
NOK @ $10.21
Good to know where Nebius Group’s $NBIS best respected weekly moving average support cluster is, just in case price breaks below the psychological level of $200.
NBIS @ $209.18
Support: 32/34-week EMAs & 45-week SMA @ $148.48-$178.93
Symbotic $SYM ends another week at its weekly moving average support triad.
Resistance band keeps closing in, sucking out the air between MA support and resistance.
Resistance: 26/28-week SMAs @ $47.36-$47.85
SYM @ $39.88
Support: 157/160/176-week EMAs @ $38.49-$40.14
Rivian Automotive $RIVN toys with its weekly moving average support cluster, which is slowly and consistently ascending.
Viking Therapeutics $VKTX ($32.16) has been respecting its ascending 219-week SMA support line (@ $30.10) since December 2022.
D-Wave Quantum $QBTS ($16.99) is back at its ascending weekly moving average support band, the 95/97-week SMAs @ $16.81-$17.14.
For a first time after a long while, Jumia Technologies $JMIA extends a periscope above its MA resistance on both the weekly charts we track.
Will it further extend next week, or pull it down?
Rubrik $RBRK pulls back post earnings and closes the week @ $93.05.
The following moving average clusters provide potential support:
Spotify Technology $SPOT ($547.51) continues climbing after breaking above (and retesting) its weekly moving average ex-resistance-now-support cluster.
Price nears the new MA resistance band, currently @ $560.74-$565.86.
Mastercard $MA ($595.30) reached a previous daily high around $600.
If price pulls back, it may find support (again) on its daily moving average support cluster, the 19/23-day SMAs & 20-day EMA (@ $575.45-$577.02).
Note where Robinhood Markets’ $HOOD best respected weekly moving average support band is, in case price breaks below the psychological $100 level.
HOOD @ $104.26
Support: 99/105-week SMAs @ $77.79-$81.18
Intel $INTC maintains its weekly close price above the lower end of its weekly moving average support cluster (the 29-week EMA).
