Comments include: ASH, DOCU, EQT, FUL, IPI, MTX, NTR, PCAR, RIO, & W.
| ASH Ashland Inc. ($48.09) - Chemicals - After giving four consecutive buy signals ASH fell to a sell signal Thursday when it broke a triple bottom at $49 and continued lower to $48, where it now sits against support. The weight of the evidence for ASH is decidedly negative as it is a 0 for 5'er and ranks in the bottom third of the chemicals sector matrix. |
| DOCU DocuSign, Inc. ($81.48) - Software - DOCU moved to a sell signal Thursday, setting up a potential shakeout pattern. The buy point on this pattern would come with a potential reversal back up into Xs to $84 from the current position. The pattern would be negated if DOCU violates any further support, initially seen at $79. The stock maintains a suitable 3 for 5 TA rating and has been on a buy signal against the market since 2024. The pattern would be completed with a triple top breakout at $87. |
| EQT EQT Corporation ($53.98) - Oil - After giving two consecutive sell signals, EQT returned to a buy signal Thursday when it broke a double top at $54. The weight of the evidence remains negative as EQT is a 2 for 5'er and ranks in the bottom half of the oil sector matrix. From here, the next test for EQT is bearish resistance line at $57. |
| FUL H.B. Fuller Company ($57.54) - Chemicals - After giving five consecutive buy signals, FUL fell to a sell signal and a negative trend on Thursday. The negative trend change will drop the stock to a weak 1 for 5'er. From here, the next level of support sits at $55. |
| IPI Intrepid Potash, Inc. ($29.80) - Chemicals - IPI returned to a buy signal Thursday when it broke a double top at $32. The outlook for the stock remains negative, however, as IPI is a 2 for 5'er that ranks in the bottom third of the chemicals sector matrix. From here, the next level of resistance is IPI's bearish resistance line at $34. |
| MTX Minerals Technologies Inc ($60.62) - Chemicals - MTX fell to a sell signal Thursday when it broke a double bottom at $61 after unsuccessfully testing its bearish resistance line. Thursday's move adds to an already weak technical picture as MTX is a 1 for 5'er. From here, the next level of support on MTX's chart sits at $60. |
| NTR Nutrien Ltd. ($58.64) - Chemicals - NTR returned to a buy signal Thursday when it broke a double top at $60 after successfully testing its bullish support line. The weight of the evidence is moderately positive as NTR is a 3 for 5'er and ranks in the top half of the chemicals sector matrix. From here, the next level of resistance sits at $61 while support can be found at $56. |
| PCAR PACCAR Inc. ($95.70) - Autos and Parts - PCAR broke a doube bottom at $96 to return to a sell signal after meeting resistance at $102 for a third time since July. The move also violates the bullish support line, which will drop the stock down to a 1 for 5'er. Support lies at current chart levels, while additional may be found in the lower $90s and at $85, the April chart low. |
| RIO Rio Tinto PLC (United Kingdom) ADR ($65.70) - Metals Non Ferrous - RIO gave a second consecutive buy signal Thursday when it broke a spread quintuple top at $65, taking out resistance that had been in place since February. The technical picture for the stock remains negative, however, as RIO is a 1 for 5'er that ranks near the bottom of the metals non ferrous sector matrix. |
| W Wayfair Inc. ($84.38) - Retailing - W reversed into Os and broke a double bottom at $81 for a second sell signal. The stock maintains a 5 technical attribute rating and continues to rank 3rd (out of 94) within the Retialing sector matrix. From here support now lies at $71, while additional may be found at $63. |
