No Image Available

Stocktwits Chart Art: November 26, 2024

STOCKTWITS CHART ART: NOVEMBER 26, 2024
The Stocktwits Summary 📝

Wall Street notched its seventh consecutive winning session, with mega-cap stocks like Amazon, Meta, and Microsoft closing the day strong. Bitcoin pulled back, ending just over $92,000 and down 1.7% for the day. Favorable momentum and strong seasonal trends supported the rally, though frothy market sentiment remains a potential risk.

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (+0.52%)

Bearish (21)

High (62)

$QQQ (+0.54%)

Bearish (42)

High (57)

$IWM (-0.73)

Bullish (65)

High (55)

$DIA (+0.29%)

Bearish (44)

Normal (51)

*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.

And here were Stocktwits’ top Trending symbols:

CHART OF THE DAY
MicroStrategy Heads Toward $280 🔽

Last week, MicroStrategy’s stock was trading at a hefty premium—3.4 times the value of the Bitcoin it holds. However, that premium has now shrunk to 2.2 times, signaling a potential shift in sentiment.

According to Stocktwits user @SharePlanner, the stock has fallen below its 10-day moving average. The next potential support level could be its rising trendline, which sits around $280. This is a key area to watch if the stock continues to pull back.

Solana Retests Range Highs 🔄

Get In Touch 📬

Follow our social channels for great, real-time content on Stocktwits and Twitter. And check out our YouTube channel for in-depth video content! 📲

Written by Kyle Vallans. Send me your feedback by replying directly to this email. 📧

Want to sponsor this newsletter and reach thousands of chart enthusiasts? Reach us here. 👍

Terms & Conditions 📝

Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍

Author Disclosure: The author of this newsletter has positions in $MSTR & $MSTZ. 📋





Want the latest?

Sign up for Stocktwits's Newsletter below:


Subscribe Here