Comments include: BOX, CHRD, DOCU, FANG, OKE, & RTX.
| BOX Box Inc. ($27.32) - Software - BOX fell Wednesday to break a double bottom at $28. This also moves the stock to a negative trend and demotes it to a 1 for 5 TA rating. The weight of the evidence is weak and deteriorating. Note that the stock is at support from last April. Further support is seen at $25. Overhead resistance may be found initially at $32. |
| CHRD Chord Energy Corp. ($94.51) - Oil - CHRD gave an initial buy signal and returned to a positive trend Wednesday when it broke a double top at $96, where it now sits against resistance. The positive trend change will promote the stock to a still unfavorable 1 for 5'er. |
| DOCU DocuSign, Inc. ($62.21) - Software - DOCU declined Wednesday to break a spread triple bottom at $63. This 2 for 5'er has been in a negative trend since September and sits in the bottom half of the unfavored software sector RS matrix. The technical picture is weak and deteriorating. Overhead resistance may be seen at $70. |
| FANG Diamondback Energy Inc ($153.73) - Oil - FANG returned to a buy signal and a positive trend Wednesday when it broke a triple top at $156. The outlook for the stock remains negative, however, as even with the positive trend change FANG is an unfavorable 2 for 5'er. |
| OKE ONEOK, Inc. ($75.85) - Oil Service - OKE gave a second consecutive buy signal and moved to a positive trend Wednesday when it broke a double top at $76, where it now sits against resistance. The positive trend change will elevate the stock to a still unfavorable 2 for 5''er. From here, the first level of support sits at $71. |
| RTX RTX Corp. ($198.24) - Aerospace Airline - RTX posted a second consecutive buy signal on its default chart with action on 1/14, moving to new all-time highs in the process. With the move, the stock is now in heavily overbought territory, so interested parties should continue to find brief exhales to add. Despite this, the overall outlook remains bullish as we move into 2026. Pullbacks can be expected towards the most recent level of support around $186. |
