Top 5 Stocks in the “Go” Trend | Friday May 31, 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 solid green 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

Apple (AAPL)

§ The GoNoGo icon indicated a continuation of the trend on Friday (24/05/31).

§ After a sharp reversal last Friday, prices rose to end the week on strong “Go” terms. blue Back to previous highs.

§ The GoNoGo Oscillator found support at the zero line this week, exerting some pressure before turning higher on Thursday and Friday.

§ AAPL has been trading on relatively light volume over the past three weeks.

Bank of America Corporation (BAC)

§ GoNoGo trend is back to strength. blue The “go” condition is to end the trading week just above the previous high at $40 per share.

§ After heavy trading on Thursday, prices bounced back to close just as they opened.

§ The GoNoGo icon indicated a continuation of the trend on Friday (5/31/24).

§ GoNoGo Oscillator ended the week in positive territory with an approval rating of 0.

§ Volume increased during Friday’s strong rally.

Captain Arch Grp. (ACGL)

§ The GoNoGo Trend has eased to a mild form but remains “Go”. aqua Prohibits the second half of the trading week.

§ The GoNoGo icon indicated a continuation of the trend on Friday (24/05/31).

§ GoNoGo Oscillator ended the week in positive territory after testing the zero line on relatively heavy volume.

Keurig Dr. Pepper (KDP)

§ 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 (24/05/31).

§ GoNoGo Oscillator was retested at the zero line for the 4th time in May and found support showing a cluster of consecutive icons.

§ GoNoGo Squeeze® has built a small grid, with momentum compressing at the neutral zero line for the second time in the past two weeks.

§ Momentum broke into positive territory on Friday. This time it bounced back with relatively high volume.

JP Morgan Chase & Company (JPM)

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

§ The GoNoGo icon indicated a continuation of the trend on Friday (24/05/31).

§ The GoNoGo oscillator entered the trading week at the neutral zero line, forming a squeeze before swinging back into positive territory on Friday.

§ JPM is trading on relatively low volume.

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