Thursday December 26, 2024 First Up Day After Longest Consecutive Down Days Twenty Days Ago $APP $CCL $MDB $MU $QUBT $SERV $SNAP $SOUN $AEO $AVGO $BABA $BIDU $DELL $EOSE

Check scan results for prior days 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 + Export Tickers

← Previous: First UT bot sell day after biggest percent gain First up day after longest consecutive down days Next: First day above 10 SMA after longest consecutive days below →

Rank	Ticker	Consecutive Down Days	Name
1	APP 📈	2	Applovin Corporation
2	CCL	2	Carnival Corporation
3	MDB 🚀	2	MongoDB, Inc.
4	MU	2	Micron Technology, Inc.
5	QUBT 🚀 📈	2	Quantum Computing Inc.
6	SERV 🚀 📈	2	Serve Robotics Inc.
7	SNAP	2	Snap Inc.
8	SOUN 🚀 📈	2	SoundHound AI, Inc.
9	AEO 🚀	1	American Eagle Outfitters, Inc.
10	AVGO	1	Broadcom Inc.
11	BABA	1	Alibaba Group Holding Limited
12	BIDU	1	Baidu, Inc.
13	DELL	1	Dell Technologies Inc.
14	EOSE 🚀 📈	1	Eos Energy Enterprises, Inc.
15	FCX	1	Freeport-McMoRan, Inc.
16	LRCX	1	Lam Research Corporation
17	NNOX 🚀 📈	1	NANO-X IMAGING LTD
18	OKTA 🚀	1	Okta, Inc.
19	QBTS 🚀 📈	1	D-Wave Quantum Inc.
20	SEDG 🚀 📈	1	SolarEdge Technologies, Inc.
21	TAL 🚀	1	TAL Education Group
22	VALE	1	VALE S.A.
23	VZ	1	Verizon Communications Inc.
24	XP	1	XP Inc.
25	XPEV 🚀 📈	1	XPeng Inc.
26	ZI 🚀	1	ZoomInfo Technologies Inc.

First Up Day After Longest Consecutive Down Days

The first up day after a long consecutive down streak is a trading signal that some technical analysts and traders use to identify a potential trend reversal. This concept is rooted in the idea of "mean reversion," which suggests that after an extended period of decline, a stock or market is likely to bounce back. The logic behind this signal is that the prolonged selling pressure has likely exhausted itself, pushing the stock into an "oversold" condition. The first day of positive price action after such a streak can be interpreted as the beginning of a recovery, as buyers step in to capitalize on the lower prices. This signal is often seen as a sign that the panic or bearish sentiment that drove the down streak is subsiding, and a new wave of buying is emerging. Traders often look for this pattern as an entry point for a short-term trade, anticipating that the bounce will continue. However, it's crucial to use this signal with caution and in conjunction with other indicators. A single up day doesn't guarantee a lasting reversal. It could be a brief "dead cat bounce" before the downtrend resumes. For confirmation, traders may look for increased volume on the up day or a break above key resistance levels.