The flat, 20-week exponential moving average (EMA) is at $64.43, with weekly support also in the $63 area. However, there are some signs from the daily data that the stock market is less healthy than it was in early June. The A/D line has since formed a series of lower highs (line b) and last week it dropped below the prior lows. Several readings of over 100 new NYSE Common stock lows will be a stronger warning of market weakness. The MACD lines are still positive but the MACD-Histogram has formed lower highs (line d), which is consistent with a weakening trend.

Source: Forbes July 11, 2021 17:26 UTC