ChartPros Market Insights

The ChartPros editorial staff will be celebrating the holidays with friends and family from December 23 until January 6 and our highly popular Chart of the Day will resume after the new year.

Merry Christmas and Happy New Year!

The 2024 Charty Awards!

There have been some amazing charts during 2024 so we sought out to Award a Chart of the Year!

The list is long of top performing charts but one of the criteria we chose was a chart that we featured and a chart that we know with certainty traders like you, or us for that matter, actually executed and benefited from one of our many featured Chart of the Day posts.

Vote for 1 of the 3 finalists for Chart of the Year!

Dine Brands (DIN) operates restaurants you may be familiar with...

What you may not realize is how beaten down their share price has been and may continue to be.  We'll take a deeper look from a price action technical analysis perspective to see where price could be heading next.

Healthcare providers, including Cigna Healthcare (CI), are making headlines because of falling share price due to potentially unknown cost structure changes coming in 2025.

Selling pressure continued today for Cigna with share price closing down another 2.8% adding to the 25% drop in price since mid September.

By request, we'll take a look at their chart from a price action technical analysis perspective to see if we can identify where price could be heading.

Energizer Holdings (ENR) has been making headlines recently as analysts that follow the company have been talking about future growth, expanded distributions, excitement surrounding yada yada yada...

All we really care about is the price action technical analysis of their chart and since price recently "broke out" of a significant area on the chart we wanted to take a closer look to see what could happen next.

Whoa!!!

A DOUBLE DOWNGRADE for Commercial Metals Company after just setting fresh all time highs!?!?!?!?!

According to published reports, UBS has issued a double downgrade for Commercial Metals Company (CMC), lowering its rating from "Buy to Sell".

Maybe these analysts know price action technical analysis and are on to something...

Many analysts that follow stocks like AT&T (T) like to use fundamental analysis and projected future earnings to determine share price.  And that's fine and once was an approach that we believed in...

But now, we prefer price action technical analysis to anticipate future share price movement.

When we last featured the company about a year and a half ago price was trading around $15 per share.  Today, price was trading around $23.50 - don't you wish you followed us back then?!?

Today we'll take another look to see if we can determine where price could be heading.

eBay (EBAY) is making headlines this week as analysts recently downgraded their price targets for the global online marketplace provider from $60 to $52.

When we last featured the company about a year ago price was trading around $40 per share, don't you wish you followed us back then?!?

Wait until you see the new price action pattern formation we discovered on their chart!

Mondelez International (MDLZ) is in the headlines today as reports have surfaced that it's exploring an acquisition of iconic US chocolate maker Hershey Co. (HSY), in a potential deal that would create a food giant with combined sales of almost $50 billion.  

Hershey's share price jumped over 10% on the news while Mondelez fell about 2%.

Wait until you see the line in the sand for the Mondelez bulls!

Elvance Health (ELV) has been making headlines recently for a variety of reasons as many other healthcare benefits providers have also been in the headlines.

Selling pressure continued today with share price closing down another 2.75% adding to the 30% drop in price since the first week of September.

Wait until you see how much lower price could go...