Space Exploration Technologies $SPCX ($147.95) rides its ascending daily moving average support triad – the 15/16/21-day SMAs @ $140.57-$141.30.
Nokia Oyj $NOK continues respecting its descending weekly moving average resistance cluster.
Resistance: 9/10/11-week SMAs @ $10.15-$10.59
NOK @ $10.03
Northrop Grumman $NOC (again) nears the upper line of its weekly moving average support cluster.
NOC @ $514.98
Support: 241/320/332-week EMAs @ $468.01-$500.75
Viking Therapeutics $VKTX consolidates in-between its converging weekly moving average support and resistance bands.
Resistance: 111/118w SMAs @ $37.57-$38.50
VKTX @ $34.87
Support: 219/348w SMAs & 361-week EMA @ $21.13-$30.24
Mastercard $MA pulled back, right to its best respected daily moving average support cluster.
MA @ $579.21
Support: 258/274-week SMAs @ $442.11-$446.80
Once again, Intel $INTC stays within its weekly moving average support cluster.
Price still parks between the EMAs; not out of the woods yet.
INTC @ $95.80
Support: 16/17/29-week EMAs @ $88.57-$97.08
Symbotic $SYM continues surfing over its weekly moving average support triad.
Does it wait for resistance to come closer before attempting a break out?
Resistance: 26/28-week SMAs @ $47.14-$47.46
SYM @ $42.94
Support: 157/160/176-week EMAs @ $38.54-$40.18
Nebius Group $NBIS did break below the psychological level of $200, however, price turned in a safe distance from the weekly moving average support cluster, which continues ascending peacefully.
Will price meet support? Historically, they have not missed an opportunity to meet when they were close.
Another week that SoFi Technologies $SOFI trades inside its converging weekly moving average support and resistance inner-bands. Price spans across, nearly touching both sides.
Resistance: 39-week SMA & 44/46-week EMAs @ $18.88-$19.39
SOFI @ $18.22
Support: 120/122/145-week SMAs @ $15.22-$16.74
Rivian Automotive’s $RIVN price swings up and down, above and back to support, but that may be considered as noise, since zooming out, its weekly moving average support cluster keeps crawling up.
Jumia Technologies $JMIA ($7.29) follows through and continues its rise above what is now can be marked as its weekly ex-resistance.
A fresh calculation shows a new resistance triad, though:
43/44-week EMAs & 277-week SMA @ $7.53-$7.58.
D-Wave Quantum $QBTS closed the week slightly below its weekly moving average support band.
Is this considered a break? Technically- yes. Is there conviction in the break? No.
Teck Resources $TECK bounces nicely on its best respected moving average support cluster.
TECK @ $69.10
Support: 172/177/184-day SMAs @ $57.85-$58.73
In the last 4 months, when Redwire $RDW broke above its 6/9-day EMAs & 7-day SMA – price shot up.
The opposite is true as well.
And now, where is the stock’s price with reference to this triad? Is a flip coming?
See for yourself.
RDW @ $10.53
Resistance: 6/9-day EMAs & 7-day SMA @ $10.61-$10.81
POET Technologies $POET gets closer to its weekly moving average support triad.
Price has been respecting the 84/85/97-week SMAs for 2 years now.
Historically, this triad has been acting as support and as resistance for substantial periods of time.
