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Stocktwits Chart Art: May 20, 2024
The best charts and trade ideas from the day.
Tom Bruni
May 20, 2024
STOCKTWITS CHART ART: MAY 20, 2024
The Stocktwits Summary 📝
It was a mixed day for the stock market, with Nvidia at all-time highs ahead of Wednesday’s after-hours earnings results. Stocktwits community sentiment remains mixed as individual stocks continue humming to their own tune. 👀
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.12%) | Bearish (31) | Normal (47) |
$QQQ (+0.70%) | Neutral (51) | Normal (49) |
$IWM (+0.22%) | Neutral (52) | Normal (46) |
$DIA (-0.46%) | Neutral (48) | Low (40) |
*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
Coinbase Cruises Higher As Crypto Cracks Resistance ₿
It was a quiet day for crypto until two of Bloomberg’s ETF and crypto experts said there’s a 75% chance the Securities and Exchange Commission (SEC) will approve Ethereum spot ETFs on Wednesday. 📝
That sent Ethereum prices surging and the rest of the space picking up steam.
Notably, before things popped off, Stocktwits user @wkalunji and several others had pointed to Coinbase shares finding support and beginning to turn higher. By the end of the day, Coinbase had broken out along with Robinhood, and others leveraged to the crypto space. 📈
Intuitive Surgical Sets Up Again At All-Time Highs 🦾
Offshore Drilling Stock Set Up For Imminent Breakout 🛢️
Oilfield Services Stock Nears A New High 🛠️
Integrated Oil Giant Exxon Mobil Is Making A Move ⛽
Micron’s Move Was 24 Years In The Making 📈
Traders Donut Know The Future But Like The Risk/Reward 🍩
Ridesharing Giant May Be Topping Out 🚗
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Disclaimer: Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here. 🔍
