To The Moon

I have developed a simple program to get the Gap Up stocks for the trading day and also who are the Post Market gainers.

This is to help me to see if those gap up stocks can continue to perform the next following trading day. After I have filter the top 5 stocks, I will use technical indicator to see if there is any potential upside or investors sentiment is high.

29 Nov 2023 Gap Up Stocks

Here are the Top 5 Gap Up stocks, as we can see there is only 1 stock with market cap more than 1 B, as I do not restrict myself to filter stocks with certain market cap.

We will see how these 5 stocks After Hours trading have been like. And which stocks we can focus on checking if they have potential of an upside in today (30 Nov) trading.

29 Nov 2023 After Hours Performance of Gap Up Stocks

I have also managed to filter if the underlying stocks does have news which help in its Gap Up, as we can see $Vivos Therapeutics(VVOS)$ announces First-Ever FDA Clearance for Treatment of Severe Obstructive Sleep Apnea Using Oral Device, but we can see that there is a decline of 28% in after hours trading, do notice that the shares float is a merely 1 million as well.

The other stock, $Yoshiharu Global Co.(YOSH)$ have been rising since 27 Nov after it signs agreement to acquire three Las Vegas restaurants for $3.6M. But the gap up and 93% gain on 28 Nov did not seem to show that it will continue into the after hours, and the shares float is only 464K.

Hence I would be sharing on these 3 stocks $Wheeler Real Estate Investment(WHLR)$ $Biomea Fusion, Inc.(BMEA)$ $Fluence Energy, Inc.(FLNC)$

Wheeler Real Estate It (WHLR)

Simple Moving Average (SMA) - 50-day MA period

Even though we have seen WHLR gaining more than 40% on 29 Nov trading and another more than 12% in after-hours trading. It is currently trading below the 50-day MA period.

This would mean that there might not be so much upside to be expected, we might see a slight pullback, before we can see another Gap Up from WHLR.

Average Directional Index (ADX)

ADX is below 20 indicating WHLR have a weak trend, though +DI is above -DI by a huge margin, we might see some huge move, without going for a pullback.

Relative Strength Index (RSI)

RSI is within a “wait and see” region, which could mean that there might not be so much buying activities to be expected soon. We might see a pump and go over the next few days.

Biomea Fusion (BMEA)

Simple Moving Average (SMA) - 50-day MA period

BMEA is trading above the 50-day MA period after staying below it for a long time, this has started on 27 Nov after they announced Acceptance of Three Abstracts for its Novel Menin Inhibitor Highlighting Durable Glycemic Control in Diabetes Patients at the International Conference on Advanced Technologies.

This upside trend might continue for rest of this week.

Average Directional Index (ADX)

ADX is between 20 and 40 indicating a developing trend, with +DI above -DI by huge margin, I would see BMEA to continue its bullish upside.

We might see a gap up today (30 Nov) from BMEA.

Relative Strength Index (RSI)

RSI is very near the overbought region, which could have traders and investors taking a LONG position and buying activities could increase to push the price higher.

I would expect investors interest to push the price of BMEA higher today.

Fluence Energy (FLNC)

Simple Moving Average (SMA) - 50-day MA period

FLNC is trading above 50-day MA period after having a good 23.8% gain last night, I believe it might be able to continue its upside today.

Its positive earnings should be helping it to go higher today.

Average Directional Index (ADX)

ADX is showing FLNC in a weak trend, but +DI is above -DI by huge margin, this could suggest a bullish upside, but FLNC might continue this upside because of its positive earnings report.

Relative Strength Index (RSI)

RSI is in the overbought region, we could be seeing traders and investors taking interest in this stocks, hence driving the share price higher.

FLNC share rise after reporting a surprise FQ4 profit and a 52% Y/Y rise in revenues to $673M.

Summary

Based on what we have seen from the data I gathered, it seems like certain news event would help the shares and certain events does not, and most important, I think we would need to look at different indicators to help us to determine whether which stocks have the potential for continued upside.

From the technical, I would think BMEA and FLNC would continue their uptrend today.

Appreciate if you could share your thoughts in the comment section whether you think Gap Up and After Hours stocks data is useful to help us to find potential stocks with help of technical indicators.

@TigerStars @Daily_Discussion @Tiger_Earnings @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.