ChartPros Market Insights

Houston based energy solutions provider Baker Hughes (BKR) boasts it serves customers in over 120 countries, has 55,000 employees, and $25B annual revenues spread between oilfield services and equipment & industrial energy technology.

The company is in the headlines this week for surpassing Wall Street's earnings estimate so we wanted to review their chart from a price action technical analysis perspective.

Wait until you see what formation we discovered on this chart!

3M, the iconic maker of Post-It notes and a vast array of industrial and consumer products is set to report earnings before market open on Friday July 26.

The company made headlines earlier this year because it has maintained a dividend for the past 100 years, with 64 consecutive years of increases but announced that would be changing this year as a result of its healthcare business spinoff.

See where price could be heading by this Friday.

Valero Energy Corporation is a Texas based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products.

The company reports earnings before market open on Thursday July 25 so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading by this Friday.

According to published reports, Chipotle Mexican Grill (CMG) is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023 and nearly 3,440 stores ending the same period.

The company reports earnings Wednesday July 24 after market close so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading by this Friday.

Nucor Corporation is the largest steel producer in the United States and the largest recycler of scrap in North America. The Charlotte, NC based company is the 16th-largest steel producer in the world.

Share price has risen during the week of earnings 7 of the last 8 quarters however, it was last quarter that saw the fall and it was a big one.

They report earnings after the bell today so we wanted to review their chart from a price action technical analysis perspective.

See the upper and lower price targets for this week.

The term "Black Swan" denotes an unexpected financial crisis with profound consequences, merging extreme rarity with a significant impact on stock markets and risk management.

It’s often stated that “history repeats itself.”

Get the inside scoop on how to plan for the best but prepare for the worst.

Kimberly-Clark Corporation is a multinational consumer goods and personal care corporation that produces mostly paper-based products.

The company will issue its second quarter 2024 results on Tuesday, July 23 before market open so today we'll take a look at their chart from a price action technical analysis perspective. 

McDonald's (MCD) has recently been in the headlines for a variety of reasons ranging from price wars, continued expansion, falling stock price, etc

But one major think to keep in mind is that the global fast food giant is known as a "dividend stock".

Additionally, McDonald's is considered a dividend growth stock because it has raised its payout for 47 consecutive years, including a 10% increase last October.

See their chart and above average dividend yield compared to the S&P 500...

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When we last featured Nike (NKE) back on March 22, 2024 price was at a decision trend line to make a choice of continue falling or not.  Since then price did fall and after yesterday's dismal earnings announcement price sunk 20% today dropping $27B in value and is at another decision trend line yet again.

The bears have been aggressive and may not let up anytime soon so today we'll take another look to see where the bulls could possibly step in.

We have featured over 220 Charts of the Day during the past year and teach Price Action Trading for FREE  to traders who join our Highly Rated Trade Room.

Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.

This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.