This monster earnings week is still unfolding — and it wraps up on Halloween.
Let’s take a look at the S&P 500 companies reporting on Friday, October 31, specifically examining price action and momentum.
Let’s dive in!
1️⃣ Chevron (CVX): Consolidation Before the Next Move
This chart has been choppy since late August, sitting in a tight consolidation. A break above 160.00 could open a move back toward 170.00, while failure to do so keeps the range in check. Watching RSI shift between Bull and Bear zones can hint early at which direction breaks first.
2️⃣ ExxonMobil (XOM): Resistance Still Intact
Exxon has been bouncing within a broad sideways range, with resistance anchored near 118.00 from the March 31 high. Momentum hasn’t shown evidence of strength yet, so I’m still viewing that area as a ceiling — and 110.00 as the nearest support.
3️⃣ Linde plc (LIN): Volatile Swings Within a Range
After a series of lower lows and higher highs, LIN remains in a volatile range. Momentum has weakened, and price could test the April 8 range near 420.00 if earnings disappoint. The RSI’s movement between green and red zones will help confirm whether the next leg favors Bulls or Bears.
4️⃣ LyondellBasell Industries (LYB): Weak Momentum and Room to Drop
This stock has stayed under pressure, and Price Action suggests another leg lower could be coming. If selling continues, 40.00 looks like a realistic near-term target. I’ll be watching for RSI to stay pinned in the Bear Support Zone before considering any countertrend bounce.
5️⃣ Aon plc (AON): Fresh Multi-Month Lows
AON just made a new multi-month low, keeping the chart in a Bearish Structure. Any short-term rallies would be potential sell opportunities, especially if momentum fails to exit the bear resistance Power Zone.
6️⃣ Church & Dwight (CHD): Possible Short Setup on Recovery
Each push into the bear support zone has led to small rebounds. If CHD recovers but stays below the October 22 high (89.68), I’ll look for a fresh short setup. Momentum remains in the red zone, which aligns with continued downside potential.
7️⃣ Colgate-Palmolive (CL): Signs of a Disconnect
Even though CL has been weak, there’s a small disconnect between price and momentum — suggesting sellers might be tiring out. I wouldn’t short this rebound. Instead, I’ll watch to see if it stabilizes or rolls over again below that October 22 high.
8️⃣ Charter Communications (CHTR): Long-Term Support Test in Play
Two clean peaks in the bear resistance Power Zone led to a steady decline, and we’re not yet at Bear Support. On a weekly or monthly view, this move could revisit levels not seen since early 2016 if the April lows break decisively.
9️⃣ AbbVie (ABBV): Pullback Within an Uptrend
Finally, some bullish structure! ABBV has been in a healthy uptrend, with price reacting well to the Bull Support Zone. As long as it stays above the September 26 low, I’ll be looking for a potential position-building setup if price confirms with a break above the October 21 high.
🔟 T. Rowe Price (TROW): Continuation Setup in Progress
This stock has been moving sideways, but the prior move was down — which often leads to continuation. If support breaks, I’ll watch for weakness extending toward the June 18 range.
1️⃣1️⃣ Cboe Global Markets (CBOE): Waiting for a Clear Break
Wide, choppy swings here. The key level is 230.00 — I’m drawing a flat boundary there and connecting lower highs across the top. A close outside this compression will be the signal to act.
1️⃣2️⃣ Dominion Energy (D): Bearish Momentum Edge
Dominion has shown a clean divergence between price and RSI — something I cover in my Bull Bear RSI Face Off eBook, which happens to be on sale this week (check your other emails from me!). If it slips below the September 8 low, that opens the door to revisit the June 16 range.
1️⃣3️⃣ Grainger (GWW): Failed Retest of Resistance
After retesting its October 10 high, GWW couldn’t sustain it. The setup favors a drop toward 918.00, aligning with RSI shifting back into the Bear Support Zone.
1️⃣4️⃣ Federal Realty Investment Trust (FRT): Still Under Bear Control
Zooming out shows this stock’s trend remains down, even through the sideways chop of the past year. I’m expecting another push lower toward the August 1 range, unless buyers can force a breakout above recent congestion.
There you have it — a look at companies reporting on Halloween.🎃
If you’re finding value in these videos, takeaways about price action, momentum reminders, tips for your trading, and even just market analysis that you can use to potentially trade these stocks, punch that LIKE button over on my YouTube channel.
~Hima
P.S. I’ve got a live training today and plenty to kick off November next week! Check the Events Calendar for what’s coming up next!
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