SQ 1-Hour Chart Analysis

When trading options, we tend to examine the 1-hour and 4-hour charts to get the "short-term" and "long-term" perspectives.

1-Hour Chart

We find that many unusual options trades also have strong technicals on the one-hour chart, which seems to be the time frame many institutions use to trade.

The 1-hour chart above seems to have pretty strong technicals.

The Algo is in a buy trend, and both the Momentum and Squeeze indicators also show buy signals.

Let’s see if the Technical Analysis widget agrees.

Technical Analysis Widget

The Technical Analysis widget seems to agree with our charting tools, so we can conclude SQ has a pretty solid technical setup for the “short-term” outlook.

Let's see if we see the same on the 4-hour chart.