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Content
Signals
All indicators - Medium term
PfizerJul 26, 2024
Thermo Fisher ScientifJul 26, 2024
Capital One FinancialJul 26, 2024
Valero EnergyJul 26, 2024
3MJul 26, 2024

The market moved up Friday, and Nasdaq Combined Composite Index ended at 17358 points, which is an increase of 1.0 percent. The week as a whole showed a loss of 2.1 percent.

5369 shares were up and 1643 were down, while 297 remained unchanged, and there was no trading in 213 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 554.0 billion.

Super Micro Computer showed a small gain and ended the day at 712 dollar, which is an increase of 2.4 percent. The stock thereby reversed up after nine days of losses. The stock is trend wise positive in the medium term, but has marginally broken down through support at 740 dollar.
3M soared and ended at 127 dollar, which is a rise of 23.0 percent. The stock has never gained more in one day since we started measuring this Jan 2. 1990. The stock broke up through the resistance at 105 dollar in rectangle formation. This triggered a buy signal on increasing volume and a further increase to 125 dollar within nine months is indicated. It was also high volume. Overall it was traded for 4164 millions dollar in the stock, which is ten times as much as normal daily turnover.
DexCom crashed and ended the day at 64.00 dollar, which is a drop of 40.7 percent. The stock has never lost more in one day since we started measuring this Apr 14. 2005. It was also very high volume. Overall it was traded for 3451 millions dollar in the stock, which is 19 times as much as normal daily turnover. The stock is trend wise negative in the medium term and has resistance at 75.00 dollar.
Thermo Fisher Scientific was up 2.1 percent to close at 607 dollar. The stock thereby broke the earlier top it set Mar 11 and reached a new year-high. The stock has now closed up for the fifth day in a row and this past week the stock has gained as much as 13.6 percent. The stock triggered a buy signal by the break up through the resistance at 599 dollar in rectangle formation. A further increase to 665 dollar within six months is indicated.
Bristol-Myers Squibb ended with a solid gain of 11.4 percent and closed at 50.45 dollar. The stock has never gained more in one day since Mar 9. 2000, when it was up 12.6 percent. The stock has now risen for the sixth day in a row. The stock is trend wise negative in the medium term.

US 500 rises on Friday
The market moved up Friday, and S&P 500 ended at 5459 points, which is an increase of 1.1 percent. The week as a whole showed a loss of 0.8 percent.

Indices
S&P 500
arrow green   Weak Positive Candidate
S&P 500 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has support at points 5250 and resistance at points 5660. The index is assessed as technically slightly positive for the medium long term.
Today´s Case
Valero Energy (VLO) Price 159.12, Jul 26, 2024
chart
Valero Energy shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has broken a double bottom formation. A decisive break of the resistance at 159 will signal a rise to 171 or more. The stock has support at dollar 147 and resistance at dollar 183. Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.90%906.64
CAC401.22%7517.68
COMPX1.03%17358.00
DAX0.65%18418
HEX1.03%9848.11
N1001.04%1475.05
OMXC25GI0.07%2282.23
OMXSPI0.61%993.87
OSEBX0.36%1434.12
PSI20-0.73%6669.78
TECDAX0.97%3333.28
BUK100P1.35%827.75
EURUSD0.02%1.0900
CL (OIL)-1.43%77.16
Indices Evaluations
 SML
AEXpospospos
CAC40negpospos
COMPXneutralpospos
DAXneutralpospos
HEXnegnegneutral
N100negpospos
OMXC25GInegpospos
OMXSPIposnegpos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralpos
BUK100Ppospospos
EURUSDnegnegneg
CL (OIL)negneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
44% 33% 23%
 3313 Buy Candidates
 2513 Neutral
 1730 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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