Comments include: CC, CCEP, CRC, EL, GEV, OLED, SPOT, & UNM.
| CC The Chemours Company ($12.16) - Chemicals - CC fell to a sell signal and a negative trend Tuesday when it broke a double bottom at $12.50. The negative trend change will drop the stock to a 1 for 5'er. From here, the next level of support sits at $11.50. |
| CCEP Coca-Cola Europacific Partners PLC ($86.90) - Food Beverages/Soap - Shares of CCEP broke a spread triple bottom at $86 to move back to a sell signal. The stock moved to a negative trend at the end of August and reversed right below its bearish resistance line recently, making the area an important level of resistance to watch going forward. For the time being, CCEP remains ok to hold as a 3 for 5’er. Initial support lies at $86 then $81. |
| CRC California Resources Corporation ($46.98) - Oil - CRC fell to a sell signal Tuesday when it broke a double bottom at $46. Tuesday's move adds to a weak overall technical picture as CRC is an unfavorable 2 for 5'er. From here, the next level of support on CRC's chart sits at $45. |
| EL Estee Lauder Companies ($91.86) - Household Goods - Shares of EL fell Tuesday to break a double bottom at $92 for its second consecutive sell signal. The 5 for 5’er continues to trade in positive trend but is closely testing its support line at $90. The stock remains a buy for now but those with exposure should watch for deterioration. After the bullish support line, support lies at $86 and $84. |
| GEV GE Vernova Inc. ($553.56) - Utilities/Electricity - GEV reversed into Os and broke a double bottom at $560 to complete a bearish triangle and for a second sell signal. The stock has fallen to a 4 for 5'er after reversing down into Os against its peer group in the latter part of October. From here, support lies at $536, while additional can be found at $520. |
| OLED Universal Display Corporation ($142.55) - Computers - OLED fell Tuesday to break a double bottom at $144 before dropping to $142 intraday. This move also led the stock into a negative trend, demoting it to a 0 for 5 TA rating. The weight of the technical evidence is weak and deteriorating. Further support can be seen at $138, while overhead resistance can be seen at $152. Note that earnings are expected on 11/6. |
| SPOT Spotify Technology S.A. ($622.47) - Media - SPOT has struggled recently, posting a string of consecutive sell signals and returning to a negative trend. The stock has dropped in technical attribute and now sits well off 2025 highs.... but is still up over 40% so far this year. The now 3/5'er has the markings of continued downside. Keep a close eye on this one if you have exposure. |
| UNM Unum Group ($78.72) - Insurance - UNM shares moved higher today to break a double top at $78 to mark its first buy signal. This 3 for 5'er has been on an RS buy signal versus the market since April 2022 but in a negative trend since July. UNM shares are trading in normalized territory within their ten-week trading band. From here, support is offered at $73. |
