Airbnb, Inc. (NASDAQ:ABNB) dropped by almost 8% on Wednesday after announcing a senior management change, but it may have found a bottom. That is why it is Benzinga’s Stock of the Day.An interesting dynamic in financial markets is that certain price levels carry greater weight than others. These are called support and resistance levels. If a trader can identify them, it could lead to profitable trading.At a support level, there is a large amount of buying interest or shares to be bought. This is why downtre ...

Market Overview - Markets opened cautiously with benchmark indices trading nearly flat as investors assessed mixed global signals and awaited domestic triggers [1][2] - The BSE Sensex opened at ₹83,835.10 and was trading at ₹83,959.99, up 21.28 points or 0.03% [1] - The Nifty 50 opened at ₹25,696.85 and was trading at ₹25,748.80, up 26.70 points or 0.10% [1] Sector Performance - Renewed buying interest in PSU banks and realty stocks provided early support, indicating selective optimism among investors [2] - The PSU Bank index was the top performer last week, rallying 4.66%, while the Capital Market index was the biggest loser, shedding 1.83% [7] Stock Movements - Top gainers on the Nifty 50 included Shriram Finance, which surged 5.19% to ₹787.75, and Mahindra & Mahindra, which gained 1.91% to ₹3,553.70 [3] - On the losing side, Maruti Suzuki led the decliners, falling 2.77% to ₹15,737.00, followed by Titan Company, which dropped 1.17% to ₹3,703.00 [4] Technical Analysis - The Nifty 50 is holding firm above the support level of 25,660, with resistance levels at 25,870–25,960–26,050 [5] - The Bank Nifty faced resistance near ₹58,500, with support at ₹57,500 acting as a solid base [6] Institutional Activity - Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth ₹6,769 crore on October 31, while Domestic Institutional Investors (DIIs) purchased equities worth over ₹7,000 crore [8] - The strategy of FIIs selling on rallies and reallocating to better-performing markets is expected to continue [9] Commodity Market - In commodities, gold had support at ₹1,20,870-₹1,20,480 and resistance at ₹1,21,890-₹1,22,300, while silver had support at ₹1,47,450-₹1,46,750 and resistance at ₹1,49,340-₹1,50,280 [10]

#ETHOur "Support and Resistance Levels" indicator shows resistance levels where the price tends to reverse. Additionally, the "RSI Rocket" indicator indicates that a bearish divergence is forming.In this case, it’s better to reduce risks and protect your deposit. https://t.co/B7nWs46Q8r ...

#EIGEN bounced off the support level shown by our 'Support and Resistance Levels' indicator, gaining +38% and reaching the resistance zone.If the price breaks it, the next target is the following resistance area.Watching closely. https://t.co/i5pWDQXAgX ...

Core Viewpoint - Cipher Mining Inc. (NASDAQ: CIFR) shares have experienced a significant decline, losing over 25% of their value in three days, highlighting the importance of support and resistance levels in stock trading [1][3]. Group 1: Stock Performance - Cipher Mining shares are under pressure, continuing to drop on Friday [1]. - The stock has lost more than 25% of its value in just three days [1]. - The stock chart illustrates the concept of support and resistance levels, which are critical in understanding price movements [1][2]. Group 2: Support and Resistance Levels - Support levels indicate a high level of buy interest, where downtrends may pause or end [2]. - Resistance levels indicate a high level of sell interest, where uptrends may pause or end [2]. - The expression "Markets have memories" suggests that important price levels can retain significance over extended periods [2]. Group 3: Historical Price Action - In September 2021, Cipher shares faced resistance around $15.50, with a high trade at $15.39, followed by a significant selloff [3]. - Recently, shares hit resistance again around $15.50, with a high trade at $15.54, showing only a 15-cent difference after four years [3]. Group 4: Trading Psychology - Traditional fundamental analysis may not explain the trading behavior observed in Cipher shares [4]. - Resistance at former peaks can be attributed to buyer's remorse, where investors regret buying at high prices and place sell orders when the stock returns to their buy price [4][5]. - The phrase "Sell at former peaks" reflects a strategy that could have benefited Cipher shareholders in this context [5].

Market Analysis - Indicator shows clear support & resistance levels [1] - Signals strong bullish potential ahead [1]

Market Trends & Analysis - Yields are rangebound, indicating a neutral stance from an intermediate and long-term perspective [2] - The 10-year Treasury yield has support around 42% and resistance around 44% [3] - A breakout from the yield range would suggest higher yields, while a breakdown could lead to secondary support around 40% [4] - Small caps, represented by the Russell 2000, show strong upside momentum in both the intermediate and short term [6] - The Russell 2000 exhibits a cup and handle formation, suggesting a potential lift to new highs [6] - Consolidation is expected for small caps, aligning with seasonal influences and overbought conditions [7] - Large cap indices are losing upside momentum, potentially impacting the Russell 2000 [8] - The VIX is above its 50-day moving average, indicating expanding volatility inversely correlated to the S&P 500 [9] Crude Oil Analysis - Crude oil prices are still in a secular downtrend, requiring a substantial upside move to reverse [9] - There are indications on the monthly chart of WTI suggesting a major low in March/April, based on long-term oversold readings [10] Energy Sector - The energy sector shows signs of life, with some MLPs lifting out of prolonged consolidation phases [11] - Phillips 66 (PSX) shows a potential inverse head and shoulders formation, indicating constructive technical action despite long-term downside momentum [11]

#JASMY is trading between clear support and resistance levels on the daily chart. Our indicator highlights strong support around the current zone and resistance near 0.020. A bounce from here could fuel a move toward the upper range. https://t.co/jyP18DW6jH ...

Group 1 - Workday, Inc. (WDAY) is experiencing a potential reversal in its downtrend that began in May, as indicated by its recent trading activity [1] - The $206 price level for Workday has been significant for over two years, previously acting as resistance before becoming a support level [4][6] - The last five instances where Workday's stock price dropped to the $206 level resulted in a reversal and subsequent rally, suggesting a pattern of strong buying interest at this price point [7] Group 2 - Support levels are characterized by a large number of buy orders, which absorb sell orders and prevent further price declines [2] - Conversely, resistance levels are marked by a significant supply of shares for sale, which can halt market rallies [3] - The transformation of the $206 level from resistance to support indicates a shift in market sentiment and potential for upward price movement [6]

Technical Analysis - The indicator identifies precise support and resistance levels for price reversals [1] - The support zone on the HYPE 2H chart is holding strong, driving the price upward [1] - A break of the resistance level suggests potential for further price growth [1]