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Stocktwits Chart Art: April 24, 2024

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:

Most Active 📊	Most New Watchers 👀
Tesla	Hedera Hashgraph
S&P 500	Tesla
Hedera Hashgraph	Meta Platforms
Nvidia	AI Tech Solutions
Bitcoin	Chicken Soup Entertainment

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. 🕵️

@ZenTrends | Pro | Relative Strength/Trend Following | Equities

$TSLA still waiting for something structurally to change here. Its been clearly pointed down since late-2023. Today is a good start, but lets see what it does on the next fade.

Several Stocks Break Out In Sync 🤝

@ivanhoff | Pro | Technicals | Equities/Options

Stocks making new 52wk relative strength highs today: $SYF $BSX $MLI etc.

Airbnb Set To Travel Higher After Breakout 🧳

@JFDI | Pro | Technicals/Growth | Equities

$ABNB breakout off the open pending this holds.

Under-The-Radar Stock Continues To Perform $WELL 💪

@Professor | Pro | Technicals | Equities/Crypto

$WELL Weekly Chart: Breakout on deck here- want easy money swing trading, gotta find name no body is talking about. :)

Arista Networks Attempts To Stay Online 😬

@Thelonius_Stonk | Pro | Technicals | Equities/Crypto

$ANET weekly 30ma has provided support in the past

Chinese Stocks Remain On Bottoming Watch 🧐

@2kaykim | Pro | Technicals | Equities/Options/Crypto

$FXI CHINA LARGE-CAP (MONTHLY): Retesting the falling resistance (red arrows) while we have "BULLISH DIVERGENCE" oscillator signal here

Redfin Finds A Foundation To Rebuild Upon 🏚️

@gpaisa | Intermediate | Technicals | Equities/Options

$RDFN got my final add in @tkstockpicker now we pray!

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