35 Bullish Engulfing Candles Spotted on Daily Charts Today

35 Bullish Engulfing Candles Spotted on Daily Charts Today


A bullish engulfing candle is a technical pattern known for predicting upcoming bullish activity in a stock. Engulfing candles look like this:

A bearish engulfing candle. A bullish engulfing candle would simply have the two colors swapped.

In order for a candle to become a bullish engulfing candle, the first candle’s “real body” (the block shown between the two wicks) must be completely covered on the top and bottom by the “real body” of the second candle. In other words, on the first day, a stock closes lower than it opens. On the second day, the stock opens even lower, however it closes higher than the open of the first day. As such, the range is bigger, the candle is larger, and it overhangs both sides of the original candle. 

Bullish engulfing candles matter because they show points of reversal in stock trading. In other words, after opening low, bulls have stepped in, drawn their line in the sand, and proceeded to buy with such intensity that the stock has completely reversed yesterday’s negative performance and-then-some.

While today’s trading may not have seemed out of the ordinary, under the surface, change was brewing. That was in the form of 35 different stocks scoring bullish engulfing candles on the daily charts. Those stocks were as follows, with some stocks of note bolded:

  • J +0.37%
  • INTU +1.61%
  • GM +0.27%
  • KLAC +2.50%
  • MTD +0.03%
  • MOH +1.22%
  • META +1.61%
  • UNP +0.14%
  • MU +6.21%
  • MCHP +1.55%
  • ON +2.69%
  • BWA +1.30%
  • NVDA +7.50%
  • MPWR +4.48%
  • MLM +0.64%
  • EPAM +1.78%
  • COO +0.92%
  • NRG +0.93%
  • AAL +1.41%
  • AMD +4.32%
  • SYK +0.95%
  • CTSH +1.47%
  • NCLH +0.68
  • ETSY +3.54%
  • ADBE +2.70%
  • PPG +2.19%
  • QRVO +1.32%
  • ROK +1.01%
  • PHM +1.53%
  • ICE +0.82%
  • ANET +1.94%
  • DPZ +0.87%
  • RSG +0.30%
  • YUM +0.44%
  • DHR +0.69%


It’s important to note, before jumping into any of these trades, that the more volume is attached to a bullish engulfing candle, the better the signal. That means that many more traders and investors were willing to commit to bidding up the price. Still, this is a positive sign (at least for the short-term, as these daily charts offer daily trading signals) that the stock market, which has been in a rather negative environment over the past few weeks, is set for a bounce.

Read More

Subscribe to Rebel Roundup for your weekly digest of market highlights and free trading lessons.
We’re on a mission to empower retail traders with the tools they need to succeed.

Read Next

Join a growing community of traders with Market Rebellion

Join the thousands of users daily!

Unlock UOA Trading Secrets

Watch our free 7-minute tutorial on how pro traders harness unusual option activity.

By clicking Get Access, you agree to receive marketing offers from Market Rebellion, and its affiliates, subsidiaries, or agents in the form of emails, pre-recorded messages, text messages, and autodialed calls at the email address and phone number provided above, even if the phone number is present on a state or national Do Not Call list. You recognize that you are not required to provide this consent as a condition of purchase and that you can withdraw consent at any time. Data rates may apply. By clicking below, you also agree to our  Terms of Use  and acknowledge our  Privacy Policy.

Save up to 25% OFF
Rebel Pit