$Advanced Micro Devices(AMD)$ $Shopify(SHOP)$ have experienced a 4 consecutive weeks up moves, which have exceeded its one standard deviation price run. In order to break the sequence, it is possible that the price will move lower.
Standard deviation (SD) is a statistical measure that indicates how much a stock's price typically deviates from its average price. A price movement exceeding one, two or more SD suggests a more significant deviation than usual, potentially signaling a trend change or overbought/oversold territory.
$Airbnb, Inc.(ABNB)$ $Amazon.com(AMZN)$ $Coinbase Global, Inc.(COIN)$ share prices have formed a swing high in recent price movements.
Swing highs are points on a chart where the price of a security reaches a high point before falling back down, while swing lows are points where the price reaches a low point before rebounding. These highs and lows can be used to identify temporary trends reversal, as well as areas of support and resistance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments