- HUBS rose above its 12-month downtrend line in October. HUBS declined 70% from its December 2021 high to its November 2022 low. HUBS spent 3 months building a base around the 260 level and has now moved higher. HUBS has established a pattern of higher lows and higher highs=uptrend. The recent decline puts HUBS at uptrend support (zoom chart).
RRG analysis shows that HUBS has moved out of the Lagging quadrant, through the Improving quadrant, and has entered the Leading quadrant. HUBS is one of the top 20 stocks in this week’s TPA-RRG report.
- SQ rose above its 12-month downtrend line in October. SQ had declined over 80% from its 2021 highs to its 2022 lows. SQ built a 3-month base around the 50 level, but has now moved higher. SQ recently established a pattern of higher lows and higher highs=uptrend (chart 2) and is now at uptrend support (zoom chart). The weekly shows that HUBS confirmed long-term support near the 50 level.
RRG analysis shows that SQ has moved out of the Lagging quadrant, through the Improving quadrant, and has entered the Leading quadrant. SQ is one of the top 20 stocks in this week’s TPA-RRG report.
Relative Rotation Graphs (RRG) – explanation video
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
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