ChartPros Market Insights
December 19 Chart of the Day - Dine Brands
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.
December 18 Chart of the Day - Worthington Enterprises
We'll take a deeper look from a price action technical analysis perspective to determine where price could go next.
December 17 Chart of the Day - Cigna Healthcare
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.
December 16 Chart of the Day - Energizer Holdings
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.
December 12 Chart of the Day - Commercial Metals Company
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...
December 11 Chart of the Day - AT&T
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.
December 10 Chart of the Day - eBay
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!
December 9 Chart of the Day - Mondelez International
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!
December 6 Chart of the Day - Elvance Health
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...
December 5 Chart of the Day - UnitedHealth Group
Our thoughts and prayers are with the family of UnitedHealth Group (UNH) CEO Brian Thompson who was fatally shot in Manhattan on Wednesday.
Today we'll feature the company's chart out of respect because it had recently made fresh all time highs (ATHs).
December 3 Chart of the Day - Match Group, Inc.
Often our featured chart of the day selection comes from requests submitted by traders / investors just like you. Today's chart is by request - editors note: we've been happily married since before the internet existed and have never visited any of these sites ;-)
With price well off its all time highs (ATH) we'll review this chart from a price action technical analysis perspective.
Wait until you see where the "line in the sand" level is for the bulls...
December 2 Chart of the Day - Target
Will Black Friday and Cyber Monday sales be enough to lift Target's (TGT) stock from its multi year run of making lower lows and lower highs?
Price is approaching a multi year trend line seemingly with a potential decision to make.
See the line in the sand for the bulls.
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