The technical picture for both Disney and Newmont looks good
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Commodities - Technical Analysis
Both gold and silver have broken their downtrends, with upward waves beginning that may still have upside potential. After a strong retest, the oil price may consolidate within a range, but there are still opportunities for an upward move. Natural gas prices did not reach a new low, but no pattern indicating a reversal has yet emerged. Copper is maintaining its upward trend; it must rise again within a few days, or the rally could break down. Wheat and corn are beginning to turn upward again from key support levels after a strong retest.
FX - Technical Analysis
The dollar weakened against both the euro and the pound to expected levels last week. There are no signs of a reversal in this trend yet; it may even target this year’s price highs against its counterparts. After several weeks of correction, the forint is showing signs of a slight strengthening again. Previous lows could serve as important support levels, and range-bound trading may ensue. The USDJPY price corrected higher following a strong intervention, but the nature of this correction does not suggest new highs. A day of strong yen buying could even lead to a short-selling opportunity. The EURCHF pair remains in an uptrend following a minor correction.
Following the corrections, upward trends have resumed on the U.S. stock markets. In this week’s list, we’ve highlighted two companies that are currently performing well and have been in a correction phase for some time. One is Newmont, one of the world’s largest gold mining companies, and the other is Walt Disney. Both stocks are currently showing an upward trend and a breakout from a downtrend, so the timing seems favorable for seeking long positions.
Best rated US stocks based on momentum ranking
Compelling technical picture:
Newmont (daily): A prolonged period of mild correction may have come to an end in recent days. The rally began with strong gaps and buying volume. The downward trendline from the correction has also been broken to the upside, opening the way for further gains. Based on this pattern, the price should reach a new high. The target price can therefore be set at a minimum of 137.5. Initially, risk management below 93 is warranted, and later it will be worth following the rising trendline.
Disney (daily): After a long-term correction phase, it has given a strong buy signal. The trading volume of recent days, combined with the trend break, could provide a solid foundation for a structural shift. Buying opportunities can be found during pullbacks; the 100 level is now support and may be a good entry point. Since the swing low around 93.25 is significantly higher than the 2025 low, we can see a bullish reversal even in the long term. A target price could be around $125.
List of stocks with a chance of a turnaround in the coming weeks
Most popular US stocks
The momentum model supports the creation of a technical based stock list that helps to find shorter-term trading opportunities. The model can be used to identify stocks that show reversal signals following more sustained falls/underperformance. We examine one-year, six-month, three-month, one-month and five-day momentum values, which are used to rank the stocks under consideration. The higher a stock is ranked in the order, the better it technically performs relative to the others. The change in the ranking over time is used to determine the life cycle of the stock.
- In the first table, we collect the stocks that show the most attractive picture compared to the others in a given week based on momentum factors, of which those are also presented in a separate chart where a favourable situation can be identified based on additional technical analysis tools.
- In the second table, we list the stocks that are already worthy of being placed in watchlist status. They are not among the best performers, but they have the potential to improve and signal a turnaround in a few days or weeks.
- In the third table, we have also collected the more popular stocks to help identify their position in the momentum order.
The report shows the results of a technical - quantitative based stock screening, which does not examine the fundamental background/value of the companies. For this reason, risk management/position sizing rules should be designed accordingly.
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