Comments include: ARM, COIN, EQT, EXE, & RIOT.
| ARM ARM Holdings PLC ADR ($123.38) - Semiconductors - ARM fell Monday to break a double bottom at $126 before dropping over 5% intraday to $124. This 1 for 5'er moved to a negative trend in November and has now fallen through all support since May. The weight of the technical evidence is weak here and deteriorating. Note that further support may be seen at $122. Overhead resistance may be found initially near $144. |
| COIN Coinbase Global, Inc. Class A ($249.23) - Software - COIN dropped Monday alongside the broader cryptocurrency space, moving to a sell signal at $256 before falling over 6% intraday. to $248. This 1 for 5'er moved to a negative trend in November and sits in the bottom half of the unfavored software sector RS matrix. The weight of the technical evidence is weak and deteriorating. Further support may be seen nearby at $244 and $232. Overhead resistance may be seen at $276 and $284. |
| EQT EQT Corporation ($54.74) - Oil - EQT fell to a sell signal Monday when it broke a double bottom at $55 and continued lower to $54, where it now sits against its bullish support line. The outlook for the stock remains modestly positive as EQT is a 3 for 5'er that ranks in the top half of the oil sector matrix; a move to $53 would drop the stock to an unfavorable 2 for 5'er. |
| EXE Expand Energy Corp ($110.35) - Oil - EXE fell to a sell signal Monday when it broke a double bottom at $110, where it now sits against its bullish support line. The outlook for the stock remains positive as EXE is a 4 for 5'er that ranks in the top third of the oil sector matrix. |
| RIOT Riot Platforms Inc. ($13.68) - Software - RIOT fell Monday to break a double bottom at $14, marking a third consecutive sell signal. The stock moved to a negative trend in November and is about one box away from reversing down into Os on its market relative strength chart. That would cause the stock to drop to a weak technical attribute name. Current holders may look to set an alert on the potential for further deterioration. Support from here may be seen at $12.50. Overhead resistance may be seen at $16. |
