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Stocktwits Chart Art: April 26, 2024

The best charts and trade ideas from the day.

Author

Tom Bruni
April 26, 2024

STOCKTWITS CHART ART: APRIL 26, 2024
The Stocktwits Summary 📝

Stocks cruised to the upside following big tech earnings and recovered part of last week’s losses. Earnings and inflation remain the key topics of conversation, keeping sentiment in neutral territory for three of the four major U.S. indexes. 😐

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (+0.98%)

Neutral (46)

Normal (53)

$QQQ (+1.54%)

Neutral (52)

High (56)

$IWM (+0.96%)

Neutral (47)

Normal (52)

$DIA (+0.36%)

Bullish (64)

High (56)

*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
$TECK Is The Latest Resource Stock To Break Out ⚒️

Resourceful traders and investors know where to look for good setups, even when the broader indexes aren’t trending clearly one way or another. And right now, they continue to find opportunities in the resources and broader commodity sectors. 🔍

Stocktwits user @ivanhoff was one of several folks pointing to the $26 billion metals and mining company Teck Resources, which pushed to nearly 13-year highs this week despite earnings and revenue missing expectations.

The Stocktwits community is digging the breakout and expecting more new highs to come, with sentiment in “extremely bullish” territory to end the week. 🐂

@ivanhoff | Pro | Technicals/Momentum | Equities/Options

$TECK is setting up for a potential breakout from a multi-year base.

$GS Renamed “Goldman Stacks” Amid New Highs 💵

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

It took 2 years and 4 months for $GS to print new ATH today

$HOOD Starts To Look Good As Prices Push Off Support 🏋️

@Thelonius_Stonk | Pro | Technicals | Equities/Crypto

$HOOD all good

DoorDash Could Deliver For Bulls After Failed Break 🛒

@JFDI | Pro | Technicals/Growth | Equities

$DASH Daily Set up

Broader Commodity Basket Attracts Dip Buyers 🛢️

@VR_CMT | Pro | Technicals | Equities/Options

Commodity ETF $DBC presents a pullback buy setup. Bottomed from December to March, currently in a primary uptrend. Retraced to its 200 DMA, attracting buyers. Momentum returned to positive following the move to support. Notably, it maintains high RS during the ongoing market correction.

Sweet Green Tries To Catch Up With Cava 🥗

@SharePlanner | Pro | Technicals | Equities/Futures

Weekly chart on $SG provided me the best prospective on this stock, where a clear, multi-year price level support was found at $20, resulting in its subsequent bounce. A break below that level would be bearish.

Carrier Group’s New Highs Mean Smooth Sailing Ahead 🚢

@lcc007 | Pro | Technicals/Momentum | Equities/Options

$CARR Check it gang.

Defensive Sectors Quietly Show Their Relative Strength 🛡️

@allstarcharts | Pro | Top-Down | Multi-Asset

Ladies and gentlemen, your market leaders in the current environment.

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