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O'Reilly Automotive Hit All-Time High In March, Nosedived AprilOn March 21, O'Reilly Automotive ( NASDAQ:ORLY ) stock hit an all-time high at 1169.11. However, in April, the stock nosedived and is currently trading at $1074.27 on Friday's session, down by 0.81%. Despite the confusion in the auto market, O'Reilly Automotive ( NASDAQ:ORLY ), a leading retailer of auto parts and services, may see sales and profit gains, as auto shoppers may opt to wait and see which way the market wind blows. O'Reilly Automotive ( NASDAQ:ORLY ) stock has a Relative Strength (RS) Rating of 83, which jumped into the 80-plus percentile with an improvement on Monday. But then the stock Plummeted on Friday's trading session now trading in the oversold territory, with a Relative Strength Index (RSI) of 38.49.
NASDAQ:ORLYShort
by DEXWireNews
Porsche with one of the highest profit margins per carPorsche has two stocks! The first is P911 and dates back to the IPO. The second is Porsche's historic stock. I bought PAH3. P911 is the stock from the IPO. Porsche, one of the automotive manufacturers with one of the highest profit margins per car in the world. After RACE, Ferrari, it's Porsche, it seems to me. This stock has returned to its IPO price... Undervalued in my opinion. - Price-To-Earnings ratio (12.9x) is below the German market (16.1x) - Earnings are forecast to grow 5.77% per year - Earnings grew by 3.3% over the past year - Analysts in good agreement that stock price will rise by 33.9% - No risks detected for P911 - Revenue is meaningful (€41B) - Market cap is meaningful (€67B) - The company’s earnings are high quality - Debt level is low and not considered a risk
XETR:PAH3Long
by Maximus20000
Mercedes-Benz Group: Parking 🚘Mercedes is about to park wave (2) in magenta in our green target zone between €67.31 and €77.90. Once this top is placed, the share should continue the overarching downward trend, dropping below the support at €60.72 and (after a short countermovement) further southwards. There is a 30% chance, though, that Mercedes could leave the green zone on the northern side and thus climb above the resistance at €77.90. In that case, we would expect the share to develop a higher top first before heading downwards. Wave alt.B in green would then expand into the magenta-colored zone between €84.44 and €89.37.
XETR:MBG
by MarketIntel
TESLA LONG TERM/SHORT TERM TECHNICAL ANALYSIS NASDAQ:TSLA $TSLA: 4 HOUR/BAR CHART ON LEFT SIDE (SHORT TERM) SHOWING SINCE OCTOBER ’22 (LAST 3 MONTHS). 2 DAY/BAR CHART ON RIGHT SIDE (LONG TERM) SHOWING SINCE JANUARY, ‘20 (LAST 3 YEARS). $TSLA is down roughly 58% since the start of October 2022 but is still up 299% percent since the beginning of 2020. Evaluating the short-term trend (left side) against the long term trend (right side) we begin using the EMA Envelope found in the top box on both sides. We can see that $TSLA is still in a bearish (red) trend in our long term chart (upper right box) but has just turned neutral (yellow) on our short term chart (upper left box). EMA Envelope turns bullish above the top red line of the EMA Snake. Respectively the bullish levels on the 4H are above 113.57 and bullish on the 2D is above 147.34. Our 4-hour Fibs (left side) show a full retrace down to the RET 1 (104.22) from our early December peak of around 200 with a 0.5 Retrace at 151.57. Our 2D Fibs (right side) show a more than full retrace down to the RET 1.382 at 109.47 and are currently showing a 0.5 Retrace at 240.43. I believe there is a high possibility that on the 4H chart (left side), $TSLA retraces the RET 0.786 (124.49) in the near term (2-4 weeks) and a low to moderate possibility that $TSLA attempts a retest of the RET 0.5 (151.57) before eventually being rejected. I do not believe a retrace of the RET 0.5 (240.43) on the 2D chart (right side) is currently a viable possibility given the market liquidity constraints and an overall disdain for the discretionary sector heading into recessionary headwinds in 2023. On the downside, a spill to the RET 1.236 (81.87) on the 4H Fibs (left side) is very possible in a broad market selloff. Breaking out the left side of the chart, which is the shorter time frame (4H), we can see white arrows beginning in the price box and moving down into each of the indicator boxes below. We see the white arrow line in the price box is trending down while the white arrow lines in MACD, RSI and OBV indicator boxes are trending up. Price declining into rising relative strength (RSI) and positive increases in volume flow (OBV) can be indicative of market price absorption at these levels. At a minimum it can be viewed as evidence of ‘diminishing sell pressure’. On the right side of the chart we see that RSI is showing its deepest levels of oversold in the last 3 years and we have to go back to 2016 (7 years) to find a deeper level of oversold on the RSI. (see below) We can also see the MACD indicator on the right side is still showing wide downside divergence at the mouth, indicating that price has alot of upside work to do in order to close that gap and move the long term trend into positive territory. While the woodshedding of Tesla might not be completely over yet, it seems as though it might have found a near-term 'local bottom' along with a bit of price stability as evidenced by the 'market absorption' illustrated on the 4H chart. Assuming this support holds, Tesla could be poised to make a move up to the 122-128 price range. (Not financial advice)
NASDAQ:TSLALong
by Firewalker_Charts
2023 Ford Targets - $10.72, 9.6, 8.01Ford Motors has pulled back more than 50% from 2022 highs. It has been testing the major support trend line (WHITE) running from Mar 2020 lows. This is a weekly chart and you can notice it's breaking the major support trend line and 200 EMA weekly. I see Ford to test the $10.72 support levels and have a technical bounce testing the white trendline around $12-$13.. and eventually test the other support levels $9.6 (Orange) and $8.01 (Green). Each support line will give a good technical bounce. One can buy at these technical support levels and swing trade for quick profits. Let me know your thoughts in comments
NYSE:FShort
by gmaster29
A 15.64% gain in one day is not bad!A 15.64% gain in one day is not bad and is enough for some quick traders! This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: A retest of the previous high around $18.91 is possible." Here is the link to the article: On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to $15.58 as of the market close of January 7, 2021. Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202. New Trade Idea: There is still a possibility for this stock to go even higher; however, a 15.64% gain in one day is not bad and is enough for some quick traders. Long-term prediction: Still bullish for this stock. Possible for this stock to pull back because the move today is so great, but if the momentum continues my next price target is still $18.91. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
F
by GreenfieldAnalysis