Core Viewpoint - Shopify Inc (NASDAQ:SHOP) stock experienced a pullback in January, reaching a nearly six-month low, but has recently shown signs of a potential short-term rebound with shares up 1.8% to $133.59 [1] Group 1: Stock Performance and Indicators - The stock is currently within 0.75 of its 260-day moving average, with shares remaining above this level 80% of the time over the past two weeks and 80% of the last 42 trading sessions [2] - Historical data indicates that similar conditions have led to a 100% success rate of the stock being higher one month later, with an average gain of 12.1%, suggesting a potential target price of $149.75 [2] - The 14-day relative strength index (RSI) for Shopify is at 16.4, indicating it is in "oversold" territory, which often precedes a short-term bounce [4]

The table below summarizes the number of record highs reached each year dating back to 2013. Here is a snapshot of the index from the past six months with a 50-day moving average: S&P 500: A Perspective on Drawdowns On October 9, 2007 the S&P 500 reached a then all-time high, closing the day at 1565.15. Then on March 9, 2009, the index dropped ~57% off of its high from exactly 17 months before, closing the day at 676.53. This time period became known as the Global Financial Crisis. It took over 5 years befo ...

Core Insights - Elevance Health Inc (NYSE:ELV) experienced its largest single-day percentage gain since May 2024, reporting profits of $547 million, although this was not sufficient to recover from its worst day since March 2020 due to proposed Medicare Advantage payment rate increases of only 0.09% for 2027 [1] - The stock is currently near a trendline with historically bullish implications, which may assist in reducing its 14.2% year-over-year deficit [1] Technical Analysis - According to Schaeffer's Senior Quantitative Analyst, ELV is within 0.75 of its 100-day moving average's 20-day average true range (ATR), having remained above this level 80% of the time over the last two weeks and 80% of the past 42 trading sessions. This pattern has historically led to an average gain of 5.7% one month later [3] - A similar upward movement from the current position could push ELV back above $363 [3] Market Sentiment - The health insurance stock's 50-day put/call volume ratio at major exchanges is higher than 99% of annual readings, indicating that an unwinding of pessimism could provide positive momentum for the shares [4] - Options for ELV are currently affordably priced, with a Schaeffer's Volatility Index (SVI) of 33% ranking in the 27th percentile of annual readings, suggesting that the stock has exceeded option traders' volatility expectations over the past year [5]

Core Viewpoint - USA Compression Partners, LP (USAC) is showing potential for a bullish breakout as it has reached a significant support level and experienced a "golden cross" in its moving averages [1][2]. Technical Analysis - The "golden cross" occurs when a stock's 50-day simple moving average crosses above its 200-day simple moving average, indicating a potential bullish trend [2]. - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [3]. Recent Performance - USAC has moved 9% higher over the last four weeks, suggesting positive momentum [4]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating a neutral outlook [4]. Earnings Outlook - There has been a positive shift in earnings estimates for USAC, with no estimates decreasing in the past two months and two revisions higher, leading to an increase in the Zacks Consensus Estimate [4][6]. - This positive earnings outlook, combined with the technical factors, suggests that investors may want to monitor USAC for potential gains [6].

Group 1 - The rally high of crude oil reached $62.39, completing a 141.4% projection for a rising ABCD pattern before sellers regained control [1] - A significant breakout occurred when crude oil surpassed the 127.2% target at $61.86, indicating strong bullish momentum [1] - The 200-day moving average remains an upside target, with a larger price range projected up to $63.24 [1] Group 2 - Thursday's decline marked the first pullback after recent breakouts, with key resistance areas being tested for support [2] - The double bottom breakout and daily close above $60.56 provided bullish trend reversal signals, suggesting potential for further gains [2][3] - Crude oil tested support near the double bottom pattern breakout level at $59.00 and the 50-day average at $58.67 [3] Group 3 - The near-term risk for crude oil hinges on holding recent lows, with the 20-day average at $58.17 serving as a potential support area [4] - A drop below the 20-day average could jeopardize recent bullish signals, particularly if it falls below the second bottom at $55.82 [4] Group 4 - A new weekly candle will be completed, and a bullish continuation requires a weekly close above last week's high of $59.83 [5] - If the week ended today, it would show a bearish inverted hammer doji with a close in the lower third of the range, indicating potential weakness [5]

Core Insights - Celsius Holdings Inc (NASDAQ:CELH) has seen a 12.5% increase in stock price in 2026, currently trading at $51.41, indicating a bullish trend [1] - The stock has crossed its 80-day moving average, historically leading to a 53% chance of being higher one month later, with an average gain of 8.2% [2] - Over the past year, Celsius stock has increased by 77.4%, with short interest rising by 20.2%, indicating potential for further upward movement [4] Technical Analysis - The stock's 320-day moving average has supported pullbacks to $39, suggesting a strong support level [4] - A similar price movement from the current level could help recover the 24.8% decline experienced post-earnings on November 6 [2] - Options trading indicates low volatility expectations, with the Schaeffer's Volatility Index (SVI) at 48%, ranking in the low 13th percentile of its annual range [5]

Core Viewpoint - Cleveland-Cliffs Inc (NYSE:CLF) is experiencing a recovery in its stock price after a significant decline, despite a downgrade from KeyBanc, indicating potential for further gains due to technical indicators and market conditions [1][2]. Group 1: Stock Performance - CLF's stock rose by 2.6% to $12.35, recovering from a previous drop of 9.3% [1]. - The stock is approaching a historically bullish trendline, suggesting a potential rebound [1]. Group 2: Technical Indicators - The stock is currently within 0.75 of the 126-day moving average's 20-day average true range (ATR), having remained above this level 80% of the time in the past two weeks and 80% of the last 42 trading sessions [2]. - Historical data shows that similar signals have led to a 75% chance of the stock being higher one month later, with an average gain of 4.3% [2]. Group 3: Market Sentiment - A short squeeze may provide additional support, with short interest at 13.1% of the stock's available float, equating to nearly three days of buying power [4]. - The 14-day relative strength index (RSI) of 28.1 indicates that the stock is in "oversold" territory, which often precedes a short-term bounce [4].

Group 1 - Aya Gold & Silver has received an "outperform" rating from Scotiabank, with two analysts rating the stock as a Buy, leading to a consensus rating of "Buy" [1] - The stock price of Aya Gold & Silver fell by 1.8% on a recent trading day, with a last traded price of $14.1080 after reaching a low of $13.7180 [5] - The trading volume increased by 23% to 266,285 shares compared to the average session volume of 217,009 shares [5] Group 2 - Aya Gold & Silver Inc. focuses on the exploration, evaluation, and development of precious metals projects, primarily in Morocco, with its flagship project being the Zgounder property [3] - The company was incorporated in 2007 and is headquartered in Montreal, Canada [3] - The stock has a fifty-day simple moving average of $12.42 and a two-hundred-day simple moving average of $10.94 [2]

Group 1 - The 52-week moving average at $61.58 is a significant resistance level, limiting buyer activity and capping rallies since late October [1] - The swing chart indicates a downward trend with lower tops and lower bottoms, with the last swing top at $60.36 being below the 52-week moving average, suggesting continued headwinds [2] - A long-term pivot at $63.62 is identified as another potential resistance point for the market [3] Group 2 - Aggressive traders may consider entering positions on a breakout above $60.36, aiming for strong buying to surpass both the 52-week moving average and the long-term pivot [4] - A decline below $54.84 would signal a resumption of the downtrend, potentially leading to further declines towards $50.17 to $49.35 [4] - The market sentiment is mixed, with bears supported by real numbers while bulls rely on speculative factors that may not materialize [5]

Group 1 - Deckers Outdoor (NYSE:DECK) stock reached a two-year low in early November after a 15.2% decline following its earnings report on October 24 [1] - The stock has rebounded to its pre-earnings close but is facing resistance at the 200-day moving average and is considered "overbought" with a 14-day Relative Strength Index (RSI) of 72.3 [1] - Short positions have decreased by nearly half from August to October, yet the stock has not shown significant upward movement, indicating technical weakness [2] Group 2 - Short interest is increasing again, suggesting that there may be more activity in shorting rallies [2] - A recommended put option has a leverage ratio of 3.8, which would double with a 22.4% drop in the underlying equity [2]