Friday January 31, 2025 First Up Day After Longest Consecutive Down Days Twenty Days Ago $QBTS $AVGO $RGTI $RKLB $AMZN $DJT $GLW $SERV $TSLA $TSLL $COF $IONQ $MRVL $QCOM

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
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Rank Ticker Consecutive Down Days Name
1 QBTS ðŸš€ ðŸ“ˆ 7 D-Wave Quantum Inc.
2 AVGO 4 Broadcom Inc.
3 RGTI ðŸš€ ðŸ“ˆ 3 Rigetti Computing, Inc.
4 RKLB ðŸš€ ðŸ“ˆ 3 Rocket Lab Corporation
5 AMZN 2 Amazon.com, Inc.
6 DJT ðŸš€ ðŸ“ˆ 2 Trump Media & Technology Group
7 GLW 2 Corning Incorporated
8 SERV ðŸš€ ðŸ“ˆ 2 Serve Robotics Inc.
9 TSLA ðŸ“ˆ 2 Tesla, Inc.
10 TSLL ðŸš€ ðŸ“ˆ 2 Direxion Daily TSLA Bull 2X Sha
11 COF 1 Capital One Financial Corporati
12 IONQ ðŸš€ ðŸ“ˆ 1 IonQ, Inc.
13 MRVL ðŸš€ 1 Marvell Technology, Inc.
14 QCOM 1 QUALCOMM Incorporated
15 QUBT ðŸš€ ðŸ“ˆ 1 Quantum Computing Inc.
16 RCAT ðŸš€ ðŸ“ˆ 1 Red Cat Holdings, Inc.
17 RIVN 1 Rivian Automotive, Inc.
18 WFC 1 Wells Fargo & Company
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.