Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

It all Started with a Big Bang!

by September 2, 2024
September 2, 2024
It all Started with a Big Bang!

Extended trends often start with big bangs and major breakouts. Chartists can identify “big bang” moves by showing price change in ATR terms. We can use the price charts to identify big breakouts. Today’s example will show Paypal (PYPL), which is part the FinTech ETF (FINX). The ChartTrader weekly report featured FINX because it broke its July high and Paypal because it is part of this strong group. Note that we are offering a free look at this week’s ChartTrader report and video (here)

Let’s first look at the breakout on the price chart. PYPL was trading above 300 in 2021 and then fell to around 50 in October 2024. The stock rebounded with the market from November to January and then traded flat the last seven months. A large range formed with the stock hitting resistance at 68 at least four times since January. The stock broke through with a big move in August and this is very bullish.

Not only did PYPL break a major resistance level, but it did so with a big bang. The indicator window shows Normalized ROC, which measures the price move in ATR terms. Average True Range (ATR) is a volatility indicator developed by Welles Wilder. Normalized ROC (20,250) shows the 20 day price change divided by ATR(250). This indicator exceeded 5 in late August, which means the price move was more than 5 ATR values. A big bang indeed. This is the strongest 20-day move since 2021. Normalized ROC is part of the TIP Indicator Edge plugin for StockCharts ACP.

Even though the big bang move and a breakout are long-term bullish, note that Paypal is short-term overbought after this sharp advance. This means we could see some backing and filling as the stock digest the advance. The green shading marks an area to watch for possible support should we see a pullback.

Note that we are offering a free look at this week’s ChartTrader report and video (here)

//////////////////////////////////////////////////

0
FacebookTwitterGoogle +Pinterest
previous post
Australian property giant backed by Rupert Murdoch’s News Corp looks at £4.4Bn Rightmove bid
next post
Father of Israeli-American hostage pleads for deal ‘with Satan’ before Biden, Harris enter Situation Room

You may also like

Will Bitcoin Go the Way of a Commodity...

October 13, 2023

Time for Sweet Talk: Sugar Futures

January 23, 2024

Dow Theory Bull Confirmed! What Happens Next?

July 16, 2024

Fed Hikes Interest Rates, Hurts Consumers and Hits...

November 3, 2022

DP Trading Room: Home Affordability Down 50%!

September 19, 2022

Market Research and Analysis – Part 3: Market...

March 28, 2024

The Largest IPO In 2 Years Launched Last...

September 16, 2023

Alibaba Returns to the Scene of the Crime

June 8, 2024

Key Market Relationships for the Next Big Move

October 24, 2023

Earnings for 2023 Q3 Show Market Still Overvalued

January 5, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • America’s Not-So-Secret Secret Police

      August 7, 2025
    • Poll: Nearly 1 in 4 Americans Think They Have a Personal Social Security Account

      August 7, 2025
    • Republican senator claims RFK Jr. mRNA vaccine decision undermines Trump agenda

      August 7, 2025
    • Who is Anita Dunn? The Biden confidante who clashed with Hunter grilled in House autopen probe

      August 7, 2025
    • Case v. Montana Brief: Limit Loopholes to the Fourth Amendment

      August 7, 2025
    • Trump opens $9tn US retirement market to crypto in landmark executive order

      August 7, 2025

    Categories

    • Business (8,704)
    • Investing (2,184)
    • Politics (16,333)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved