Friday December 27, 2024 Stocks that formed a bearish harami candlestick pattern, indicating potential trend reversal or weakening bullish momentum today. $SOUN $BBAI $IONQ $RKLB $RCAT $U $DJT $M $XP $HON $ULTA $RETL

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Rank Ticker Price Volume Name
1 SOUN ðŸš€ ðŸ“ˆ 23.95 75,587,700 SoundHound AI, Inc.
2 BBAI ðŸš€ ðŸ“ˆ 4.21 67,127,800 BigBear.ai, Inc.
3 IONQ ðŸš€ ðŸ“ˆ 45.48 22,440,700 IonQ, Inc.
4 RKLB ðŸ“ˆ 27.22 15,537,100 Rocket Lab Corporation
5 RCAT ðŸš€ ðŸ“ˆ 12.26 15,433,200 Red Cat Holdings, Inc.
6 U ðŸš€ 22.84 7,451,300 Unity Software Inc.
7 DJT ðŸš€ ðŸ“ˆ 36.08 6,427,100 Trump Media & Technology Group
8 M ðŸš€ 17.54 5,818,800 Macy's Inc
9 XP 12.08 4,035,500 XP Inc.
10 HON 229.51 3,053,700 Honeywell International Inc.
11 ULTA 442.15 490,300 Ulta Beauty, Inc.
12 RETL 10.36 205,600 Direxion Daily Retail Bull 3X S
What Is a Bearish Harami Candlestick?

A Bearish Harami is a two-bar Japanese candlestick pattern that signals a potential reversal of an uptrend to a downtrend. The name "harami" comes from the Japanese word for "pregnant," as the pattern visually resembles a pregnant woman. Here's the breakdown of what this pattern signifies:

  • First Candle: A large bullish (green or white) candle that shows strong buying pressure and a continuation of the existing uptrend.
  • Second Candle: A small bearish (red or black) candle that is completely "contained" or engulfed within the body of the first candle. The high and low of the second candle are within the open and close of the first.
The psychology behind the pattern suggests a shift in market sentiment. The first large bullish candle indicates that buyers are still in control. However, the second, small candle reveals a significant loss of bullish momentum. This hesitation from buyers and the emergence of sellers, albeit in a small range, can be a warning sign that the uptrend is running out of steam. Traders often look for this pattern at the top of an uptrend or near a resistance level. While the pattern itself is a reversal signal, it's generally considered more effective when confirmed by other indicators or a subsequent down day that breaks below the low of the harami pattern.