The 3 stocks attempting to buck their downtrends

The main stocks that are plunging: Similarweb Ltd., Sibanye Stillwater Limited, AngloGold Ashanti Limited

Leading equity indices in the US rose as Dow Jones gained 1.24% and closed at 33,421. S&P 500 closed the day at 4,158.77, having gained 1.19%.

Uptick coincides with some positive signs published earlier as United States Crude Oil Inventories came out at 5 million, better than analyst estimates of -920,000 and improving upon the previous reading of 2.95 million.

What is a downtrend?

The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.

Similarweb continues an 11 day downtrend; draws back 4.07% today

After setting a $4.93 – $5.13 range, Similarweb Ltd. closed the day 4.07% lower at $4.95. An influx of sellers pushed the US web analytics company to session lows around $4.93 while establishing a $4.93 to $5.13 session range today. Daily trading volume (112,619 shares) was above the current multiday average of 73,712.

| D/B/A Sibanye-Stillwater | 20.17% ($1.83) depreciation over 7 days (26.1429 cents per day average)

After setting a $7.61 – $7.77 range, D/B/A Sibanye-Stillwater closed the day 1.53% lower at $7.72. The gold mining company has recovered almost all of its session losses after dipping down to $7.61 today. Trading volume totalled 2.79 million which equates to around 74% of the stock's 21-day average today. D/B/A Sibanye-Stillwater is trading in a $7.61 – $7.77 range prior to its earnings announcement.

D/B/A Sibanye-Stillwater trades at $7.72 ahead of quarterly performance report which is scheduled to be released Tuesday.

| AngloGold Ashanti | continues a 9 day decline; retreats 1.16% today

After setting a $24.56 – $25.07 range, AngloGold Ashanti closed the day 1.16% lower at $24.7. An influx of sellers pushed the gold mining giant to end the session lower around $24.7, while establishing a $24.56 to $25.07 session range today. Trading volume totalled 2.63 million which equates to around 81% of the stock's 21-day average today.