📺 Watch the full video here:
Earnings season continues with several widely followed names reporting on Friday, January 30. In this walkthrough, I’m reviewing how price action, market timing, and momentum are lining up heading into earnings for a mix of consumer, energy, telecom, and biotech stocks.
Let’s take a look at how these charts are behaving as they head into their reports.
🔍 Highlights
1️⃣ American Express (AXP)
American Express remains in a long-term uptrend and is currently working through a correction off the December high. Recent candles reflect mixed short-term behavior, though the November 18 low continues to act as an important reference point. While price holds above 350, a decisive turn could open the door for a move toward the 400.00 area as an upside objective.
2️⃣ Exxon Mobil (XOM)
Exxon Mobil has been accelerating higher and is now entering the Bull Resistance RSI Power Zone. This is a strong position for longer-term holders. A medium-term trailing stop can sit below the January 26 low, while longer-term traders may reference the January 7 low. Momentum remains constructive as price works through this area.
3️⃣ Chevron (CVX)
Chevron continues to trend higher with a steadier ascent compared to Exxon. Price still has room before reaching Bull Resistance. If earnings trigger a pullback, holding above the January 20 low keeps the bullish case intact. The next upside area to watch sits near 180.
4️⃣ Verizon (VZ)
Verizon has been trending lower on a larger time frame since last March, moving back toward the prior January low. Momentum is currently rotating between Bear Resistance and Bear Support. The recent bounce from prior support adds interest here. A move above the December 31 high could allow price to work higher toward the 43–44 price area.
5️⃣ Regeneron (REGN)
Regeneron is a closely watched institutional name and is attempting to resume higher after forming a low on January 20. There is a bullish alignment between price and momentum that suggests potential toward the 875 area. Short-term dips remain acceptable while price stays above the January 20 low, though price will need to move through the January 9 range to extend further.
These are several stocks reporting earnings on Friday, January 30. If there are other names you’d like to see reviewed during earnings season, drop those tickers in the Comments section under this YouTube video. I will personally take a look and may include them in a future video!
~ Hima
📅 PS — Upcoming Trader Trainings!
Here’s what’s on deck:
TOMORROW Four Zones RSI Coverage System LIVE Training Update
📅 Friday, January 30 at 12 PM noon ET
Ticker Request Live — free weekly trading show
📅 Tuesday, February 3 at 4:30 PM ET
You can view the full lineup here himareddy.com/events
Leave a Reply