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Stocktwits Chart Art: November 26, 2024
The best charts and trade ideas from the day.
Kyle Vallans
November 26, 2024
STOCKTWITS CHART ART: NOVEMBER 26, 2024
The Stocktwits Summary 📝
Wall Street notched its seventh consecutive winning session, with mega-cap stocks like Amazon, Meta, and Microsoft closing the day strong. Bitcoin pulled back, ending just over $92,000 and down 1.7% for the day. Favorable momentum and strong seasonal trends supported the rally, though frothy market sentiment remains a potential risk.
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.52%) | Bearish (21) | High (62) |
$QQQ (+0.54%) | Bearish (42) | High (57) |
$IWM (-0.73) | Bullish (65) | High (55) |
$DIA (+0.29%) | Bearish (44) | Normal (51) |
*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
MicroStrategy Heads Toward $280 🔽
Last week, MicroStrategy's stock was trading at a hefty premium—3.4 times the value of the Bitcoin it holds. However, that premium has now shrunk to 2.2 times, signaling a potential shift in sentiment.
According to Stocktwits user @SharePlanner, the stock has fallen below its 10-day moving average. The next potential support level could be its rising trendline, which sits around $280. This is a key area to watch if the stock continues to pull back.
Bitcoin’s Rally Takes A Breather 😮💨
Solana Retests Range Highs 🔄
