Has the trend reversed from the drop after Labor Day?
Technical analysis (Rating: 3.76/5)
・The downward resistance line since July was broken on 9/11. The downward resistance line has now become a support line, so the downside is likely to be heavy.
・Regarding the decline on 9/5 due to the "② resurgence of concerns about rising unemployment rate (near 19000)", it is only a matter of time before the high is updated. The decline on 9/3 related to the "① dissatisfaction with the Nvidia and Broadcom earnings (near 19500)" will also be wiped out by a new high. The trend reversed on 7/22.Breaking through the resistance around 19,950 is the next focus.It seems.
- The uptrend is about to accelerate. In terms of momentum, it is transitioning from a decline to an increase stage. Trading levels are also within appropriate range.
・米半導体大手エヌビディア(NVDA.O), opens new tabは２８日、第３・四半期（８─１０月）の売上高が３２５億ドル（プラスマイナス２％）になると予想した。市場予想（３１７億７０００万ドル）とほぼ一致する水準にとどまり、株価は引け後の時間外取引で６％下落した。
☆ Candlestick chart (Rating: 3.5/5)
☆ Candlestick chart (Rating: 3.5/5)
- A long lower wick candle has been persisting temporarily (9/11). Following the CPI announcement, a steady rise is observed (9/12, 13).(Rating: 3.5/5)
→ Over the past week, there is a tendency for long lower wicks in the candlestick chart, suggesting upward pressure.
☆Candlestick Pattern (Rating: 4/5)
・Broke through the downtrend resistance line from July on 9/11.(4/5)
→ The downtrend resistance line has now become a support line, making the downside heavier.
☆Dow Theory (Rating: 4/5)
・Dow Theory: Due to dissatisfaction with the NVIDIA and Broadcom earnings (around 19500) and worries about rising unemployment rate (around 19000), there was a trend reversal from 9/3 to 9/5.The trend changed from uptrend to downtrend.However, on 9/13, due to the CPI announcement and Jensen Huang's speech.Change from decline to upward trend.
《Smart Futubull, Not Afraid of Stock Market Manipulation》The drop on 9/5 due to "(19000 vicinity) re-emergence of concerns about rising unemployment rate" has been wiped out by a new high.It is only a matter of time before the new high erases the drop on 9/3 related to "(19500 vicinity) dissatisfaction with Nvidia and Broadcom earnings". The trend changed on 7/22.The breakthrough of "(19950 vicinity) concerns about Trump trade" will be the next focus.is expected.It seems.
Moving average x volume moving average (Rating: 3.5/5)
- Moving average: Golden cross is imminent with 21/50/75-day moving averages, and golden cross is close with 5/21-day moving averages. However, dead cross occurs with 50/75-day moving averages. Convergence is occurring with moving averages other than the 200-day moving average.(Rating: 3.5/5)
- Volume moving average: Since 9/4, there has been continued convergence with short-term/medium-term moving averages. There is a possibility of fakeout despite dead cross.(3/5)
→ The upward momentum seems to continue, but the dead cross with the 50/75-day moving averages is a concern. Also, buying continues for the volume.Will it stagnate until the announcement of the policy interest rate?
Ichimoku Kinko Hyo x DMI (Rating: 4/5)
- Ichimoku Cloud: 2 roles have been improved as of 9/10. The conversion line is also close to breaking through the base line, and 3 roles are about to improve.(4/5)
- DMI: The cross is close with PDI/MDI. Given the distance from ADX, the momentum of the trend is likely to continue.(4/5)
-> About to accelerate the upward trend.
☆ BOLL x RSI x MACD (Rating: 3.6/5)
BOLL: Transition from -2σ to the base line. Close to touching +1σ.(Rating: 3.5/5)
RSI: It was around 45 until last week, but it broke through 50 on 9/11 and has since been around 55. It's at a good level.(4/5)
MACD: Golden cross occurred. However, since it occurred from the positive zone, there is a possibility of fake out.(Rating: 3.5/5)
《Smart Futubull, Not Afraid of Stock Market Manipulation》The momentum is starting to shift from a decline to an upward trend.The buying and selling levels are also appropriate.
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