Ford Motor Credit Company (F), General Motors Company (GM) - 2 Auto Stocks That Haven t Stopped Climbing This Year benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Snap Inc. (NYSE:SNAP) shares are trading higher Wednesday on reports the company acquired Screenshop as part of its e-commerce push. It looks to be breaking out of a pennant.
Castor Maritime Inc. (NASDAQ:CTRM) shares are trading lower, potentially on continued momentum and higher volume after the company priced its $125 million registered direct offering at 65 cents per share.
Below is a technical look at each chart.
Snap Daily Chart Analysis: The daily chart on Snap shows the stock looked to be forming a bearish descending triangle before it broke resistance, potentially changing the trend.
The stock was able to break above the line that connects the highs (red line) and the trend could change back to bullish. The stock needs to work its way up to the top of the channel.
Below is a chart technical analysis.
Ammo Inc. stock ended the session 8.12% higher at $7.19.
Ammo Daily Chart Analysis: The daily chart above shows uncertainty in what the future may hold for Ammo Inc. There are two technical patterns possibly found in the chart: one bullish, one bearish.
Connecting the lows throughout the year shows the stock has built higher lows. The stock peaked near the $10 level, indicating this area may hold as resistance in the future.
Bulls would call this pattern an ascending triangle pattern (white lines). To confirm this bullish pattern, bulls would need to see the stock build higher lows up to the resistance level of $10. Consolidation above $10 may bring a higher push in time.
Xpeng Inc. (NYSE:XPEV) and
Li Auto Inc. (NASDAQ:LI) all recently reported first-quarter sales, and all three companies reported growth in sales and deliveries.
Here s a technical look at Nio, XPeng and Li Auto stock.
Nio Daily Chart Analysis: The daily chart above shows Nio stock is trading in a channel and may potentially be forming a head-and-shoulders pattern.
The stock is trading in a channel (red) between $30 and $60. These are levels the price has struggled to cross in the past.
The chart also looks to be forming what technical traders call a head-and-shoulders pattern. This bearish reversal pattern may move the stock back downward for a time.
GS Acquisition Holdings Shares Rally: Technical Levels To Watch benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.