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Stocktwits Chart Art: April 24, 2024
The best charts and trade ideas from the day.
Tom Bruni
April 24, 2024
STOCKTWITS CHART ART: APRIL 24, 2024
The Stocktwits Summary 📝
The U.S. stock market is melting down after hours following a mixed session, with Meta’s earnings miss dragging the tech sector lower. All eyes are turning to Microsoft, Google, Snap, and more major earnings tomorrow. 😵💫
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.05%) | Bullish (71) | Normal (51) |
$QQQ (+0.34%) | Bullish (72) | Normal (50) |
$IWM (-0.45%) | Bullish (71) | High (71) |
$DIA (-0.15%) | Bullish (57) | High (60) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwits’ top Trending symbols:
CHART OF THE DAY
Tesla’s Chart Structure Remains Troubling 🚨
Musk’s promises of an affordable electric vehicle (EV) coming later this year or early next helped buoy a beaten-down Tesla stock price. However, many traders and investors are pointing out that the stock’s chart remains broken. 📉
Stocktwits user @ZenTrends shared the series of lower highs and lower lows that need to be broken before the trend shifts from down to sideways or up. He’s also watching the short and medium-term moving averages to see how prices react to them in the coming days and weeks.
Stocktwits community sentiment remains in “extremely bearish” territory as well, so it’s clear many have a lot riding on the stock’s next move. 🕵️
Several Stocks Break Out In Sync 🤝
Airbnb Set To Travel Higher After Breakout 🧳
Under-The-Radar Stock Continues To Perform $WELL 💪
Arista Networks Attempts To Stay Online 😬
Chinese Stocks Remain On Bottoming Watch 🧐
Redfin Finds A Foundation To Rebuild Upon 🏚️
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