- Chart Art
- Posts
- Stocktwits Chart Art: September 04, 2024
Stocktwits Chart Art: September 04, 2024
The best charts and trade ideas from the day.
Tom Bruni
September 04, 2024
STOCKTWITS CHART ART: SEPTEMBER 04, 2024
The Stocktwits Summary 📝
Tesla was today's big tech standout, rising 4% despite a mixed market environment. Defensives and low-volatility stocks remain favored among investors, with ‘boring’ and ‘low-growth’ companies like Philip Morris hitting new all-time highs. 🚬
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.20%) | Extremely Bearish (15) | High (59) |
$QQQ (-0.26%) | Extremely Bearish (15) | High (61) |
$IWM (-0.17%) | Bearish (25) | High (62) |
$DIA (+0.04%) | Extremely Bearish (22) | High (68) |
*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
Tesla Turns Higher Despite Bearish Sentiment ⚡
With tech and electric vehicle stocks struggling lately, Tesla is taking out a short-term resistance level. 🧐
Stocktwits user @Professor alluded to the negativity surrounding this breakout, with Stocktwits community sentiment staying in ‘bearish’ territory despite improving price action. And it looks like he’s betting on further upside.
Entera Bio Looks To Clear Its Recent Breakout 💊
Sketcher’s Monthly Chart Keeps On Running 👟
