Stock Market Technical Indicators & Analysis
A black dot indicates an oversold bounce. SKX also had a GLB (green line break-out to ATH). Note the huge volume on Friday after earnings were released. I love their new slip-in shoes. I bought some.
PLTR is way down from its ATH= 44.91.
The GMI remains Green, at 6 (of 6).
OC came up on my scan because it had an OSB (oversold bounce) shown by several black dots. It rose on above average volume to an ATH (all-time high). It also met my criteria for a weekly green bar. Note the GLB (green line break-out) in June.
Here is its monthly chart.
And its weekly chart with a green bar. A green bar means it bounced up off of its rising 4 wk avg and its relative strength reached a 20 week high. OC has had a string of green bars. Advancing stocks hold their rising 4 week average.
Here is DE’s monthly chart showing derivation of green line at ATH not exceeded for at least 3 months. Tan line is prior green line top. MarketSmith says Comp rating=97 with EPS=98 and RS=82.
Here is its daily chart. Would like to see above average volume on any break-out.
