US Stocks weakly higher Friday

The market showed a small gain Friday, and Nasdaq Combined Composite Index ended the day at 19004 points, which is an increase of 0.2 percent. The week as a whole showed a gain of 1.7 percent.

5125 shares were up and 1927 were down, while 242 remained unchanged, and there was no trading in 244 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 635.2 billion.

Tesla developed positively, and gained 3.8 percent to a close of 353 dollar. The stock has not closed higher since Apr 2022. Since the buy signal from the inverse head and shoulders formation six months ago, the stock now has gained 89.7 percent.
Super Micro Computer closed at 33.15 dollar after a solid gain of 11.6 percent. This past week the stock has gained as much as 78.4 percent. It also looks good technically. The stock is trend wise negative in the medium term, but has broken up through resistance at 31.00 dollar.
Procter & Gamble developed positively, and gained 2.0 percent to a close of 176 dollar. The stock has now risen for the eighth day in a row and this past week the stock has gained as much as 4.0 percent. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Chevron moved up and ended at 162 dollar, which is an increase of 0.5 percent. We must go back to May 17 to find a higher close for the stock. The stock broke up through the resistance at 162 dollar in rectangle formation. This triggered a buy signal and a further increase to 189 dollar within one year and seven months is indicated.
Datadog A closed at 155 dollar after a solid gain of 7.6 percent. The stock has never gained more in one day since Nov 7. 2023, when it was up 28.5 percent. The stock has now risen for the fourth day in a row and this past week the stock has gained as much as 22.8 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 133 dollar and a further increase is indicated.

Winners Friday

X3 Holdings1853.70%
Dragonfly Energy1047.50%
Palladyne AI130.00%
Quantum127.11%
Nano Labs89.02%

Most traded Friday

NVIDIA33557.85
Tesla31427.45
MicroStrategy A23597.86
SPDR S&P 500 ETF22764.20
Powershares QQQ12051.28
 


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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.

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