Stocktwits Chart Art: May 31, 2024

STOCKTWITS CHART ART: MAY 31, 2024
The Stocktwits Summary 📝

Bulls came roaring back toward the end of the day, helping the major indexes close out a strong month with another green session. Sentiment has flipped into bullish territory despite some discussing the potential for a “June swoon.” 🐂

Here’s how the major indexes ended the day:

*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
Volume Surge Suggests Software’s Slide Could See Its End 📊

One of the most closely watched sectors this week has been software, with many analysts pointing to its weakness as a warning sign for the tech sector. ⚠️

With prices falling further over the last few days, Stocktwits user @gpaisa highlighted volume surging to its highest level since the first quarter of 2023. He notes that’s when prices bottomed and began their upward trend.

He’s betting that this is capitulation-level volume and that the sector could bottom as early as next week. 🐣

Enphase Energy Emerges From Its Long-Term Base 🌞

Nike Chart Begins To Show Signs Of Life 👟

50-Day Moving Average Disrupt’s Dell’s Drop 🛑

Healthcare Stock Is STAAR-ting To Look Healthy Again 🧑‍⚕️

Energy Sector Tries To Crack Its Downward Channel 🛢️

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