2026-02-05
Market Status: DXCM is showing bearish momentum with three consecutive red candles, declining from 72.55 to 69.89 (3.7% drop). Price testing below EMA9 (71.69) and EMA200 (72.59), suggesting weakness.
Technical Indicators: MACD histogram turning increasingly negative (-0.439), signaling momentum loss. RSI at 52.8 shows neutral territory but trending down from 56.3. All EMAs pointing to resistance overhead.
Key Levels: Support forming at 69.63 (recent low), resistance cluster at 72.28-75.36 range. Price action shows lower highs pattern.
Prediction: Expecting continued weakness tomorrow with potential red candle. Week likely closes below open as bearish trend persists. Consider short-term puts.
Trend: 🐻 BEARISH
Candlestick Pattern: Three Black Crows (2026-02-03 to 2026-02-05: three consecutive bearish candles with lower closes at 71.63, 70.82, 69.89)
Support: 🟢 69.63 (recent swing low from Feb 5)
Resistance: 🔴 72.28 (recent swing high cluster)
PUTBUY DXCM @ 70
Expiration: Feb 19, 2026 · 14 days out