The stock market is in the favorable holiday season. First, Thanksgiving provides a boost and then the Christmas-New Year bullish effect kicks in. The December 15-January 11 interval is one of the most bullish periods in any year. Do not sell short or sit on cash.
Energizer Holdings manufactures, markets, and distributes household batteries, specialty batteries, and lighting products. The three-up graph below depicts the daily technical condition in the top strip; the weekly data in the lower left strip; and the monthly position in the lower right strip. This is a classic picture of a longer-term turnaround. There are lower momentum highs daily, weekly and monthly, a sign that selling is exhausted. The daily and weekly relative strength price has reversed downtrends to the upside. The stock only has a decade of trading history. But based on a small sample, the period through January has been strong. The monthly cycle confirms and reinforces the seasonality. The cycle runs up and tops in early February. The $45 area is a reasonable target.
Energizer Daily, Weekly, Monthly
Energizer Monthly Cycle
Shopify provides a commerce platform that enables merchants to display, manage, market, and sell products through various sales channels. The first graph also reflects a longer-term turnaround. There is a two-year long relative strength base from which relative price has broken out. Weekly, price has broken out of a formation which points to higher prices. The monthly strip shows that momentum is bottoming out with a $120-$125 target. The monthly histogram reveals the seasonal strength. The monthly cycle does not peak until the spring of 2025.
Shopify Daily, Weekly, Monthly
Shopify Monthly Histogram of Expected Return
Shopify Monthly Cycle
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