May 20 Chart of the Day - Keysight Technologies
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
Keysight (KEYS) jumped nearly 5% in after-hours trading Tuesday following its earnings release — and the reaction was swift.
Momentum traders are already eyeing key levels as volume surges post-bell. Whether this marks the beginning of a larger move or just a one-session spark, we’ll let the price action do the talking.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 500+ Charts of the Day and provide FREE Price Action Trading education to traders who join our highly rated Trade Room.
Monthly Chart
On the monthly chart we can see that after setting its $209.08 all time high price back in 2021 price initially fell significantly but has drifted sideways the past couple of years.
Currently, price has formed what many may considered a "bull flag" pattern.
A bull flag is a bullish continuation pattern that forms after a strong upward price move, known as the "flagpole." It’s followed by a brief, downward-sloping consolidation channel—the "flag"—that typically drifts lower on lighter volume. When price breaks out above the upper trendline of the flag with increased volume, it signals a potential continuation of the prior uptrend.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
On the weekly chart, we can see with much more clarity the volatile cycles up and down while carving out a channel.
Most recently price powered up and away from the $120 area without making a lower low.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
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