The Stock Pulse - Jan. 28, 2026

Stephen Suttmeier
Jan 28
7 min read

*** Please see the bottom of this report for important disclaimers and disclosures.***

Three bulls: CME, MDB, and VRT; One vulnerable: MTN

Three bullish stocks: CME, MDB, and VRT; One vulnerable stock: MTN

CME Group (CME), MongoDB (MDB), and Vertiv (VRT) show bullish technical patterns, while Vail Resorts (MTN) remains vulnerable.

CME has a constructive setup with a big-base breakout and bullish H&S pattern targeting 315–330 if resistance near 286–291 is cleared.
While above 387–370, MDB has a bullish breakout and retest from a 2024–2025 base with upside potential to 509 and 570–590, though prior failed breakouts remain a risk.
VRT has a breakout and retest from a bullish cup-and-handle that favors upside to 218–232 and 253 while above support at 178–173.
In contrast, MTN remains weak and is at risk to break lower from a bearish descending triangle.

CME Group (CME): Big base and bullish H&S pattern project to 315 and 330

CME, a capital markets stock, has a constructive technical setup with a breakout from an early 2022-early 2025 big base and a developing bullish continuation head and shoulders (H&S) pattern. These patterns project upside to 315 (H&S target) and 330 (big base target). A decisive break above 286-287.74 would confirm the bullish H&S pattern, with a push to new highs above 290.79 (June 2025 peak) needed for additional conviction. Until then, improving 13-, 26-, and 40-week moving averages near 276-272 reinforce the developing H&S pattern ahead of key support at the shoulder lows near 263.20-262.22. The big base breakout remains intact above 256-248s.

MongoDB (MDB): Bullish breakout and retest points projects to 509 and 570-590

MDB is an IT services stock with a bullish breakout and retest from a mid 2024-late 2025 basing pattern. While above support at 387-370, this breakout remains intact with upside potential beyond 436-445 (late 2021 downtrend line and the recent high) to 509-510 (early 2024 peak) and then back toward 570-590 (late 2021 peaks). Confirming a breakout and retest pattern for MDB vs. the S&P 500 would corroborate this bullish absolute price pattern. One risk is that MDB had failed absolute and relative prices breakouts from similar basing patterns in early 2024.

Vertiv (VRT): A breakout and retest pattern supports upside to 218-232 and 253

VRT, an electrical equipment stock, has a bullish breakout and retest from at late 2024-late 2025 cup and handle pattern that favors upside to 218 (measured move) and 253 (cup and handle target). The retest of this breakout is building a November into early 2026 bullish consolidation, and a decisive rally above 189.62-191.41 would confirm this pattern for upside potential to 232. The immediate technical setup remains bullish above 178-173 (broken downtrend line and 13-week moving average (WMA)). The rising 26-WMA near 162 offers further support.

Vail Resorts (MTN): At risk to breakdown from a bearish triangle

MTN, a hotel, restaurants, and leisure stock, remains within weak absolute and relative price trends as defined by declining 26- and 40-week moving averages (WMAs). The risk is for a breakdown from an April 2025 into early 2026 bearish descending triangle. While below 147-150 (chart resistance and declining 26- and 40-WMAs), the risk is for a break below 132.65-129.41 that would confirm the bearish triangle and suggest deeper downside the pattern count at 83. The last lower high from late December at 163.34 provides additional resistance.

Monitor our “Straight from the Chart” blog for more stock and ETF charts

What is The Stock Pulse?

The Stock Pulse provides bullish and bearish stock and ETF ideas

The Stock Pulse highlights bullish and bearish technical setups across common stocks, ADRs, and ETFs. The report emphasizes weekly charts to reduce short-term noise and targets a three-to-six-month investment horizon. We analyze price action and trends from both an absolute and relative perspective. Our relative benchmark is typically the S&P 500. We focus on the technicals, we but encourage investors to evaluate the fundamentals before acting on the ideas presented in The Stock Pulse.

We can categorize these charts as follows:

Bullish leadership: Bullish absolute and bullish relative trends. This technical setup represents a confirmed bullish trend. It also can indicate a bullish momentum stock.
- Actions to consider: Buy dips, hold longs, and avoid shorts.
Bearish laggard: Bearish absolute and bearish relative trends. This technical setup represents a confirmed bearish trend. It also can indicate a bearish momentum stock.
- Actions to consider: Sell rallies, hold shorts, and avoid longs.
Bullish weakening: A bullish absolute trend and a deteriorating to bearish relative trend. The stock has rallied but lags its benchmark. This lack of bullish relative confirmation provides a negative divergence, which is a potential bearish leading indicator for the absolute price chart.
- Actions to consider: Protect or reduce absolute longs, consider relative shorts, and if aggressive, initialize an absolute short.
Bearish strengthening: A bearish absolute trend and an improving to bullish relative trend. The stock has declined, but it has dropped less than its benchmark. This lack of bearish relative confirmation provides a positive divergence, which is a potential bullish leading indicator for the absolute price chart.
- Actions to consider: Protect or reduce absolute shorts, consider relative longs, and if aggressive, initialize an absolute long.

Key indicators

We rely weekly charts – both absolute and relative – with simple weekly moving averages (WMA) and Trend Scores to assess the technical condition of the stocks, ADRs, and ETFS highlighted in this note. In addition, we may also highlight other important indicators and well as provide technical screens.

Weekly moving averages show multiple timeframes on one chart

The slope of the moving average is more important than whether the price is above or below it
13-WMA: Quarterly and tactical trend
26-WMA: Half-year and intermediate trend
40-WMA: Longer-term trend and similar to the 200-day moving average
200-WMA: Long-term or macro trend

Trend Scores

Trend Score: Ranges from -10 to +10 and incorporates the 13-, 26-, and 40-WMAs. Higher scores indicate stronger trends with prices above rising WMAs. Lower scores indicate weaker trends with price below declining WMAs. Longer WMAs are more heavily weighted.
Long-term Trend Score: Ranges from -20 to +20 and includes the 13-, 26-, 40-, and 200-WMAs. Higher scores reflect stronger long-term uptrends, while lower scores indicate long-term downtrends. Longer WMAs carry more weight.

Three bullish charts: CME, MDB, and VRT

CME Group (CME): Big base and bullish H&S pattern project to 315 and 330

Chart notes:

Although CME has struggled relative to the S&P 500, the stock has stabilized and outperformed the index from an early January low. We view this as encouraging, but a push above chart resistance and weekly moving averages vs. the S&P 500 is needed for a stronger relative low as well as for bullish confirmation if CME musters the strength to break higher from its bullish absolute price H&S pattern.

Chart 1: CME Group Inc. (CME) (top) and relative to the S&P 500 (bottom)

Source: Optuma, Suttmeier Technical Strategies

MongoDB (MDB): Bullish breakout and retest points projects to 509 and 570-590

Chart 2: MongoDB Inc. (MDB) (top) and relative to the S&P 500 (bottom)

Source: Optuma, Suttmeier Technical Strategies

Vertiv (VRT): A breakout and retest pattern supports upside to 218-232 and 253

Chart notes:

Rising 26- and 40-WMAs from 162 to 146 reinforce the upside breakout and retest zone from the late 2024-late 2025 cup and handle formation in the 153.50-147.82 area.
VRT has a similar bullish setup relative to the S&P 500 that corroborates the positive absolute price pattern highlighted above.
We highlighted a bullish breakout and retest from VRT’s cup and handle in the Straight from the Chart blog on December 8, 2025 and flagged VRT as a stock with a developing cup and handle in the blog on September 10, 2025.

Chart 3: Vertiv Holdings Co. (VRT) (top) and relative to the S&P 500 (bottom)

Source: Optuma, Suttmeier Technical Strategies

One vulnerable stock chart: MTN

Vail Resorts (MTN): At risk to breakdown from a bearish triangle

Chart notes:

A mid 2023 breakdown for MTN vs. the S&P 500 provided a bearish leading indicator for MTN's absolute price breakdown from a mid 2022-mid 2024 bearish descending triangle. MTN remains entrenched within a long-term lagging trend relative to the S&P 500, which is a risk for the stock's absolute price chart.

Chart 4: Vail Resorts Inc. (MTN) and relative to the S&P 500 (bottom)

Source: Optuma, Suttmeier Technical Strategies

Suttmeier Technical Strategies, LLC (STS) provides financial commentary and market analysis for educational and informational purposes only. We are not registered investment advisors, and nothing published by STS should be considered personalized investment advice, a recommendation to buy or sell any security, or a solicitation to engage in investment activity. All content is impersonal and does not consider your individual financial circumstances. Past performance is not indicative of future results. Investing involves risk, and you should consult with a licensed financial advisor before making any investment decisions. STS or its representatives may hold positions in securities mentioned in our publications. Such holdings are subject to change without notice and do not constitute investment advice.

Comments