Gold Plummets 5% in Its Worst Day in Five Years, While Dow Jones Reaches All-Time Highs: Market Movers for Tuesday
Gold Prices and Market Reaction: Gold prices experienced a significant drop of over 5%, leading to a sell-off in gold mining stocks, while the Dow Jones reached a new all-time high, buoyed by strong earnings in industrial sectors.
General Motors Surge: General Motors saw a remarkable increase of more than 15% in its stock price after exceeding earnings expectations and raising its profit outlook for 2025, driven by high demand for pickups and SUVs.
Cryptocurrency Market Update: The cryptocurrency market showed signs of recovery, with Bitcoin rising 2.5% to $113,000, indicating renewed investor interest.
Upcoming Earnings Reports: Several major companies, including Netflix and Texas Instruments, are set to report their earnings after the market close, which could influence market trends.
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Technical Analysis for WAL
Technical Sentiment Analysis for Walrus (WAL) As of , Walrus (WAL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, WAL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Walrus (WAL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0309 | 0.0496 | 0.0687 | 0.0874 | 0.106 | 0.125 | 0.144 |
| Fibonacci | 0.0496 | 0.064 | 0.0729 | 0.0874 | 0.102 | 0.111 | 0.125 |
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