ChartPros Market Insights

Semtech Corporation is a high-performance semiconductor, IoT systems and Cloud connectivity service provider that reports earnings after market close today.

We wanted to review their chart from a price action technical analysis perspective because there's been a lot of upside price movement yesterday and today ahead of earnings... 

Wait until you see the pattern we found on this chart and where price could be heading!

SoFi Technologies, Inc. (SOFI) is a San Francisco based online personal finance company and online bank. SoFi provides financial products including student loan refinancing, mortgages, personal loans, credit card, investing, and banking through both mobile app and desktop interfaces.

One of the biggest reasons we even looked at this chart is because we see soooooo many traders posting and chatting about it on social media explaining why price has bottomed and has no where to go but up...

Not so fast my friends!

Trading is not easy, but can be life changing.

We seldom meet a trader who isn't passionate about generating supplemental income, or even better, someone who desires to quit their day job to become a full time trader.

But many find that can be easy to say but hard to do.

Attention all chocolate lovers… the cost of cocoa per metric ton has doubled in a very short time so stock up on your favorite chocolates while you can still get them…

Cocoa futures surged above an unprecedented $10,000 a metric ton, extending a historic rally which is raising the cost of chocolate.

Companies like Hershey are in the headlines this week as they use cocoa as a primary ingredient in their products so we wanted to take a look at their chart from a price action technical analysis perspective. 

Grand Canyon Education, Inc. (LOPE) was incorporated in 2008 to usher in the next era of Grand Canyon University (GCU).

And yes, it's the same Grand Canyon University that played in the NCAA March Madness tournament that so many of you asked about...

Seeing that they're pretty good on the court we wanted to take a look at their chart from a price action technical analysis perspective.

Nike (NKE) reported holiday sales that beat expectations, but reported less than a rosy outlook as its growth in China continued to slow.  Shares fell today over 6% down to the $92 area.

Seeing a headline like this we decided to take a look at their chart from a price action technical analysis perspective to see where price could be heading.

See what apparently could be a "last chance" level for the bulls to step in before price possibly falls more.

Ansys (ANSS), a NASDAQ 100 company, develops and markets CAE/multiphysics engineering simulation software for product design, testing and operation and offers its products and services to customers worldwide.

The company made headlines this week by announcing they recently strengthened their collaboration with NVIDIA (NVDA) to boost the advancement of simulation solutions backed by pioneering technologies like computing and generative AI.

With this in mind we set out to review their chart from a price action technical analysis perspective.

Today at 2pm eastern the US Federal Reserve will announce its decision on whether or not to change interest rates.  The announcement is followed by a press conference with Fed Chair Jay Powell.

Seems like each one of these interest rate, inflation, or employment related news days lately brings with it more and more volatility with the same old question of "how much higher can the markets go?"

See our planning charts BEFORE the FOMC announcement.

AstraZeneca (AZN), a global pharmaceutical provider, is making headlines as it announced its acquisition of Fusion Pharmaceuticals (FUSN), a Canadian drug developer, in an all-cash deal valued at $2 billion. This strategic move aims to bolster AstraZeneca's presence in the oncology space.

Wait until you see the price action chart patterns we found and where price could be heading 

Beyond, Inc. (BYON) is an online retailer previously known as Overstock.com, the company acquired and adopted the name of bankrupt big-box retailer Bed Bath & Beyond in 2023. The company sells home decor, furniture, bedding, and many other goods that are closeout merchandise.

Marcus Lemonis, a retail veteran best known for reviving struggling businesses on CNBC’s “The Profit,” became Beyond’s executive chairman last month.

Being a big fan of Lemonis and his successful track record we'll take a look at their chart from a price action technical analysis perspective.

Gilead Sciences, Inc. (GILD) is a research-based biopharmaceutical company focused on the discovery, development, and commercialization of innovative medicines.

The company will be able to quadruple production of its cell therapy cancer treatments by 2026 due to improvements in the U.S. biotech's manufacturing processes, an executive in charge of that business told Reuters.

We'll take a look from a price action technical analysis perspective, see the charts!

Tesla (TSLA) has been one of the most requested charts in recent memory because of the constant selling pressure and traders and investors trying to find the bottom.

We don't call tops/bottoms but we do review charts from a price action technical analysis perspective.

See the area on the chart that could be the "last chance" for the bulls!