SPDR S&P 500 ETF Trust (SPY)
Index – USA
Edging higher in premarket activity, ahead of home price index data release for July and the US treasury buyback announcement later in the day. 570 will be a key level today as it will become support or back to resistance. Currently above 570 premarket.
- STOCK – ATR: 7.15
- STOCK – RSI daily: 62.72
- STOCK – Resistance: 571, 527, 572.88
- STOCK – Support: 570, 569.60, 569
Banzai International (BNZI)
Software – Washington USA
Entered debt write-off & restructuring agreement. Recent gap up off the lows plus low float so volatility will be high.
- STOCK – ATR: 1.01
- STOCK – In Play Catalyst: Positive News
- STOCK – RSI daily: 46.32
- STOCK – Resistance: 6.75, 7, 7.25
- STOCK – Support: 6.20, 6, 5.7
Bitcoin (/BTC)
Cryptocurrency – N/A
A bit more consolidation under 64000.
- STOCK – ATR: 2751.91
- STOCK – RSI daily: 59.08
- STOCK – Resistance: 64000
- STOCK – Support: 63500
Xpeng Inc (XPEV)
Consumer Discretionary
China’s central bank announced plans to slash banks’ reserve requirement ratio (RRR) by 50 basis points or half a percentage point. A lot fo Chinese stocks are seeing an upward trend after this news.
- STOCK – ATR: 0.50
- STOCK – In Play Catalyst: Industry Trending
- STOCK – RSI daily: 69.07
- STOCK – Resistance: 10.4, 10.47
- STOCK – Support: 10.20, 10, 9.8
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One response to “Market Analysis 09/24/24”
[…] BNZI was on our watchlist for today as we did some technical analysis this morning. […]