ChartPros Market Insights

Shares of BJ's Wholesale Club (BJ) are moving higher today as the company posted its fourth-quarter earnings, beating Wall Street expectations on the bottom line, but missing on the top line.

The irony in this is sometimes when a company does this their stock price goes down and sometimes it goes up so we wanted to review it from a price action technical analysis perspective.

Autodesk (ADSK) creates software products and services for the architecture, engineering, construction, manufacturing, media, education, and entertainment industries.

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

The market is implying about a $17.50 move in either direction by the end of this week so that indicates to us quite a significant move in a short amount of time.

See where price could be heading...

First Solar (FSLR) is making headlines today after reporting 4th quarter earnings with positive full year guidance per published reports.

Shares are trading about 2% higher today near $148 and the fundamentalists would lead you to believe that's because of the rosy outlook...

But us "chartists" that use price action technical analysis wanted to review the chart to see how price has been behaving over the long term.

We uncovered a pattern most traders don't know how to spot.

Lowe's Companies (LOW) is scheduled to report earnings before market open on Tuesday February 27 so we wanted to review their chart from a price action technical analysis perspective.

We intentionally waited until the last hour of the regular trading hours (RTH) so as to obtain the latest at the money straddle options cost to determine what move the market is anticipating in either direction by the end of this week.

Etsy's (ETSY) eCommerce marketplace connects roughly 9 million independent sellers of mostly handcrafted items with more than 90 million buyers. The company earns revenue from listing and transaction fees, as well as by selling advertising to sellers, among other sources. 

The company reported mixed results yesterday and was trading down so we wanted to review their chart from a price action technical analysis perspective.

Nice (ticker NICE) is making headlines today for posting better than anticipated earnings.

According to the company's website "NICE empowers organizations to deliver extraordinary and hyper-personalized customer experiences across digital and voice channels and from any location with our AI-infused cloud native CX platform."

Ohhhh, there's that AI term that many tech companies have included within their product sets.

Nvidia (NVDA) by far has been the most requested chart in a very long time.  Most likely because they report earnings after the closing bell today.

We intentionally waited until the last hour of the regular trading hours (RTH) so as to obtain the latest at the money straddle options cost to determine what move the market is anticipating in either direction by the end of this week.

So with that in mind we're going to just cut to the chase and provide you the weekly and daily charts with the levels of interest of where price could go based on price action technical analysis.

Sony Group (SONY) is making headlines this week after reporting earnings and forecasting weakness in its gaming business.

Share price is getting hammered and seemingly may have an upcoming decision to make.

IQVIA Holdings (IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry and is making headlines today after posting better than expected earnings.

We've never heard of them before so we wanted to review their chart from a price action technical analysis perspective.

Wait until you see what we discovered!

Expedia (EXPE) announced a CEO change late Thursday while beating earnings estimates for the fourth quarter. Expedia stock gapped down from $160.05 to the $126 area Friday after hitting a 52-week high Thursday.

After learning about the huge gap down we wanted to review the chart from a price action technical analysis perspective.

Penske Automotive Group, Inc. (PAG) like many other companies reported earnings yesterday that provided a mixed financial performance for the fourth quarter and full year of 2023. 

But unlike many other companies Penske is not trading at or near all time highs (ATH) nor is it creating splashy headlines so we wanted to take a look.

Snap Inc., (SNAP) is all over the headlines today for reporting dismal earnings after the bell yesterday. 

Shares tanked roughly 35% in Wednesday morning trading from a little over $17 down to the $11.35 area, a day after the social media company missed revenue estimates and issued light guidance in its fiscal fourth-quarter earnings report.

We've been following their chart and will take a deeper dive into it's massive drop today.