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 Name
1 RGTI ðŸš€ ðŸ“ˆ 15.26 141,937,400 Rigetti Computing, Inc.
2 SPY 586.08 57,052,700 SPDR S&P 500
3 NU 10.36 23,585,000 Nu Holdings Ltd.
4 UBER 60.32 14,487,300 Uber Technologies, Inc.
5 CSCO 59.20 14,173,000 Cisco Systems, Inc.
6 LUNR ðŸš€ ðŸ“ˆ 18.16 14,048,200 Intuitive Machines, Inc.
7 RCAT ðŸš€ ðŸ“ˆ 12.85 9,801,700 Red Cat Holdings, Inc.
8 HPE 21.35 7,318,600 Hewlett Packard Enterprise Comp
9 MRVL ðŸš€ 110.45 4,659,600 Marvell Technology, Inc.
10 DAL 60.50 4,326,500 Delta Air Lines, Inc.
11 ORCL ðŸš€ 166.64 4,307,500 Oracle Corporation
12 VRT 113.61 3,431,600 Vertiv Holdings, LLC
13 CRM 334.33 3,026,000 Salesforce, Inc.
14 RBLX 57.86 2,888,000 Roblox Corporation
15 VST ðŸ“ˆ 137.87 2,761,600 Vistra Corp.
16 SYF 65.00 1,357,900 Synchrony Financial
17 ULTA 434.93 475,100 Ulta Beauty, Inc.
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.