Strong Daily Candle Signals Improving Short-Term DemandA wide range green candle is set to complete today, reflecting strong short-term demand but within a four-week price range. If crude oil can end the day above the closing price from December 3 at $58.61, it may have a better chance for higher prices in the near-term. That closing was the highest in 19 days and a daily close above it would further suggest that the buyers are starting to exert control over the price of crude and support the likelihood of ...

Core Viewpoint - Crude oil is facing key resistance levels that could determine the direction of its price movement, with a potential trend reversal contingent on surpassing recent swing highs [1][2]. Price Resistance and Trend Reversal - Crude oil is on a path to test resistance at $59.26 (10-week moving average) and $59.37 (78.6% Fibonacci retracement), with the 50-day average at $59.13 [1] - A daily close above the 50-day average would indicate a higher likelihood of a trend reversal, although previous attempts to break this level have failed [2] - The recent swing high of $60.56 must be surpassed for a confirmed trend reversal from the current downtrend [1] Support Levels and Near-Term Outlook - Key support levels are identified at last week's high of $57.82 and this week's low of $56.93, with the latter being significant as it represents a higher weekly low [3] - A sustained decline below the recent low would signal a bearish outlook, while bullish reversals from current lows could lead to rallies [3] - Until a daily close above the 50-day line occurs, resistance is expected to hinder the current counter-trend advance [3]

Welcome back to Market on Close. I'm Sam Bartis live on the floor of the New York Stock Exchange. It's time now for Overlook Stocks and we're watching shares of RV maker Winnie Bago rallying today after its latest earnings report.So I'm joined by George Siller, senior markets correspondent. Hello to you again, George. Um so lots of people are being is that what's behind the report card here and why we're seeing the reaction in the stock.Yeah, I think uh clearly there's some some improvements in sales for Wi ...

Core Viewpoint - TE Connectivity (TEL) has experienced a 7.5% decline in shares over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick, suggesting that the stock may have found support after a downtrend [4][5]. - This pattern typically signals that bears may have lost control, indicating a potential trend reversal as buying interest emerges [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for TEL, with a 1.5% increase in the consensus EPS estimate over the last 30 days, indicating that analysts expect better earnings than previously predicted [7][8]. - TEL holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [9][10].

A downtrend has been apparent in Fabrinet (FN) lately. While the stock has lost 8.1% over the past four weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earning ...

Oncolytics Biotech Inc. (ONCY) has been on a downward spiral lately with significant selling pressure. After declining 8.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a mo ...

Core Insights - HBAR, the native cryptocurrency of Hedera blockchain, has experienced a significant price increase of 10% in the last 24 hours, indicating a potential trend reversal with a target price of $0.19 [1][2] - Strong institutional adoption is noted, particularly with Coinbase supporting HBAR derivatives, which may enhance market confidence [1] Price Movement and Technical Analysis - CryptoPulse has identified early signs of a trend reversal for HBAR, with the altcoin regaining previous swing highs on the 4-hour chart, suggesting a shift in market structure if new support is established [2][3] - A bullish technical structure is forming, characterized by a triple-bottom pattern within a key demand zone, which often precedes strong reversals [4] - Analysts suggest that momentum could shift rapidly if HBAR breaks above key technical resistance levels, favoring accumulation over distribution [5] Institutional Interest and Market Factors - The launch of HBAR ETFs has significantly driven institutional interest, although recent momentum has slowed, fresh inflows are beginning to appear [6] - The IRS's allowance for staking within ETF structures could enhance the appeal of HBAR-based funds, potentially generating yield while maintaining tax benefits [7] - The approval of SEC listing standards is expected to streamline the launch of HBAR-related products, further boosting investor confidence [7]

Core Viewpoint - WisdomTree, Inc. (WT) is experiencing significant selling pressure, with a 13.3% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by analyst expectations of better-than-previously predicted earnings [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold conditions, with a reading below 30 typically indicating that a stock is oversold [2] - WT's current RSI reading is 29.57, suggesting that heavy selling may be exhausting itself, indicating a potential bounce back towards equilibrium in supply and demand [5] Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that earnings estimates for WT have increased by 4.3% over the last 30 days, which often correlates with price appreciation in the near term [7] - WT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further indicating a potential turnaround [8]

Core Insights - The upcoming US CPI report, delayed due to a government shutdown, is expected to show October's inflation close to September's levels, with a headline of 2.6% and core at 3.3% year-over-year, influencing market sentiment and crypto whale activity [1][4] Group 1: Crypto Whale Activity - Crypto whales are shifting their focus from broad risk-on bets to tokens with strong fundamentals and clear use cases, particularly in DeFi-linked assets and lower-volatility projects [2] - Chainlink (LINK) has seen a resurgence in whale buying, with holdings increasing from 542.92 million LINK to 543.07 million LINK, equating to approximately 150,000 LINK valued at about $2.36 million [3] - Pendle (PENDLE) is also experiencing increased whale accumulation, with whale wallets holding between 100,000 and 1 million PENDLE increasing their balances by 7.64%, totaling 2.86 million tokens [8] Group 2: Market Sentiment and Technical Analysis - The renewed interest in Chainlink suggests that whales anticipate a stable or cooler inflation print, which could enhance market sentiment [4] - LINK's price has shown a lower low between October 10 and November 4, while its Relative Strength Index (RSI) indicates a higher low, suggesting a bullish divergence that often precedes trend reversals [5] - The first key resistance level for LINK is $18.76, with potential upward movement towards $23.80 and $27.92 if a breakout occurs [6] - Conversely, if LINK falls below $13.72, the bullish setup may fail, indicating a return to lower support levels [7] Group 3: Accumulation Patterns - The top 100 whale addresses for Pendle have increased their holdings by 2.62%, now totaling 249.27 million tokens, which represents an addition of approximately 6.37 million PENDLE worth nearly $17.7 million [9]

A downtrend has been apparent in Palisade Bio, Inc. (PALI) lately. While the stock has lost 18.8% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...