Retailer Five Below (FIVE) is scheduled to report its current quarterly figures after the close of trading Thursday. Let's check and see if traders have been buying or selling ahead of time.
In the daily bar chart of FIVE, below, we can see a possible rounded top formation playing out since early 2021. The shares are trading below the declining 50-day moving average line. The rising 200-day moving average line intersects around $165 and could get tested in the days ahead.
The On-Balance-Volume (OBV) line shows weakness in May and suggests that traders have been more aggressive sellers in the weeks leading up to the quarterly earnings release. The Moving Average Convergence Divergence (MACD) has been weakening since January and is now below the zero line in sell territory.