Many people been reached out asking about parabolics on
$SNDK $MU $INTC etc.
Here is a small database I did a while back studying some prior big cap parabolic reversals. Studied their ATR multiples from 50MA the day before the peak as well as the % extension above specific moving averages
ATR multiples above the 50MA from
@jfsrev beat simple percent gains because they adjust for the stock's unique volatility. That is what I like to focus on the most. Helps reveal true overextensions in parabolic moves that just straight up percentages often mislead imo.
The average ATR multiple above 50MA on these listed is 17x and that is BEFORE the climax day, some have hit highs of 25-30x the day they peak.
$SNDK is only sitting at 11.35x as of the close, notably below the average. It also is below average for all of the % above MA readings besides 200ma.
These names can get much more extreme than you think. You need strict criteria for these setups or it's a waste of time.