Tuesday December 31, 2024 Stocks that formed a bearish harami candlestick pattern, indicating potential trend reversal or weakening bullish momentum today. $RGTI $SPY $NU $UBER $CSCO $LUNR $RCAT $HPE $MRVL $DAL $ORCL $VRT $CRM $RBLX

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Rank Ticker Price Volume
1 RGTI ðŸš€ ðŸ“ˆ 15.26 141,937,400
2 SPY 586.08 57,052,700
3 NU 10.36 23,585,000
4 UBER 60.32 14,487,300
5 CSCO 59.20 14,173,000
6 LUNR ðŸš€ ðŸ“ˆ 18.16 14,048,200
7 RCAT ðŸš€ ðŸ“ˆ 12.85 9,801,700
8 HPE 21.35 7,318,600
9 MRVL 110.45 4,659,600
10 DAL 60.50 4,326,500
11 ORCL ðŸš€ 166.64 4,307,500
12 VRT ðŸ“ˆ 113.61 3,431,600
13 CRM 334.33 3,026,000
14 RBLX 57.86 2,888,000
15 VST ðŸ“ˆ 137.87 2,761,600
16 SYF 65.00 1,357,900
17 ULTA 434.93 475,100
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.