Top 5 Stocks in the “Go” Trend | Friday, May 17, 2024 | GoNoGo Chart

Top 5 Stocks in the “Go” Trend

Trend continues with upward momentum

GoNoGo Charts® uses intuitive icons directly on the price action to highlight low-risk opportunities for trend participation. The resurgence of momentum in the direction of the underlying price trend is a great entry opportunity or an opportunity to expand a position.

GoNoGo Icons® mark these events on charts as green circles (or red circles to highlight the continuation of the NoGo trend). When GoNoGo Trend® Paints the Picture blue or aqua Whenever the GoNoGo Oscillator® finds support at 0, a green solid circle will appear below the price.

Here are the top five stocks/ETFs in the “Go” trend with surging momentum by volume in the S&P 500 as of daily close.

GoNoGo Scan StockCharts to continue the “Go” trend

Walmart Inc – (WMT)

§ The GoNoGo icon signaled a continuation of the trend on Thursday (24/05/16).

§ After neutral candle reversal on Wednesday amber Trending conditions, price action gapped higher, ending the week with strong “Go” conditions. blue bar.

§ The GoNoGo oscillator rose on overbought momentum on Friday, finding support at the zero line.

§ Walmart has been trading on high relative volume throughout the week.

General Motors (GM)

§ GoNoGo trend is back to strength. blue “Go” conditions to end the trading week at previous highs, just below $46 per share.

§ The GoNoGo icon signaled a continuation of the trend on Thursday (24/05/16).

§ The GoNoGo oscillator closed the week in positive territory, breaking out of the Max GoNoGo Squeeze®, with momentum compressing from the neutral zero line over the past two weeks.

Newmont Corporation (NEM)

§ GoNoGo trend remains strong blue “Go” conditions throughout the trading week.

§ The GoNoGo icon indicated a continuation of the trend on Friday (24/05/17).

§ GoNoGo Oscillator ended the week in positive territory after retesting the zero line on weak relative volume.

American International Group (AIG)

§ The GoNoGo trend returned to a strong blue “Go” condition to end this trading week.

§ This recovery is due to weakening trend conditions and price correction actions.

§ The GoNoGo icon indicated a continuation of the trend on Friday (24/05/17).

§ GoNoGo Oscillator has been tested and found support at the zero line.

§ Momentum turned to the upside on Friday, driven by high relative volume.

EQT Corporation (QT)

§ GoNoGo Trend ended the trading week strong. blue “Go” condition.

§ The GoNoGo icon indicates a continuation of the trend on Wednesday and Friday (5/17/24).

§ The GoNoGo oscillator entered the trading week at the neutral zero line, forming a small pressure, bouncing back and then testing again to close the week in positive territory again on Friday.

§ EQT Corp. has traded on relatively light volume since early May.