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The S&P 500 is slightly higher as the market reacts to a possible ceasefire between Iran and the U.S. With this short-term bullish action, I want to look at some stocks that seem to be forming short-term bases. These are names that have been beaten down a bit and are now starting to stabilize.
🔍 Highlights
1️⃣ Shinhan Financial Group Co Ltd (SHG)
SHG is trying to form a base, with price holding in a relatively tight range after testing the March 6th low again at the end of March. That kind of sideways action is what I want to see when a stock is attempting to stabilize.
With RSI Power Zones, there’s a disconnect between price and momentum here that can point to bullish implications.
What I want to see next is a move above the March 20th high. That would tell me there may be some legs to the move. From there, the first nearby resistance is the 50% retracement of the decline from February 12th.
2️⃣ Charles Schwab Corporation Common Stock (SCHW)
SCHW has a similar look, but it has pulled back closer to its November 2025 lows. To me, that’s actually constructive because it’s coming back into a stronger area of support.
Looking at the recent price action, especially from last week, the setup is still trying to recover higher.
All I would want to see here is a move above the April 1st high to open the path higher. Just like with SHG, the 50% retracement of the decline is the first level of resistance I’d be watching.
3️⃣ Life Time Group Holdings, Inc (LTH)
LTH is showing a base forming, but after a much longer consolidation going back to last year. So it’s a similar idea, just on a slightly bigger backdrop.
With a lower-priced stock like this, I’m not necessarily looking for a huge dollar move. I’m thinking more in terms of percentage moves based on where the price action is now.
What I’d want to see is a move above the March 10th high. That would suggest there’s some room to the upside, although there is nearby resistance.
4️⃣ Dover Corp (DOV)
DOV is a little different because it recently made new all-time highs and is now pulling back. What we’re seeing is a correction within a longer-term bullish trend.
From a support standpoint, it hasn’t even retraced 50% of that prior advance, which tells me the bigger trend is still intact and this could be the early stages of a base forming.
What I’d want to see is a move above a meaningful resistance level (described in the video) and then a pullback that holds.
5️⃣ Ares Commercial Real Estate Corp (ACRE)
ACRE is a lower-priced stock that has returned to its January 6th range and is now starting to test that support area again.
Just like with the others, the focus is on what level needs to be cleared to show that it’s actually turning.
For me, that level is the March 26th high. A move above that would suggest there may be some upside, even if it’s still within a broader range.
As these stocks start to form potential bases, let’s keep an eye on whether they actually follow through.
If not, you still have a clear framework for what to look for when a stock has been beaten down a bit and is attempting to base.
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