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Nextracker: Solar Uptrend Taking Shape?Nextracker went public in early 2023, which were dark days for solar energy. However, some traders may see brighter times as the industry rallies. The first pattern on today’s chart is the series of higher lows since early last year. Is a longer-term uptrend taking shape? Second, the most recent trough occurred near the 200-day simple moving average (SMA). Its 50-day SMA is also above the 200-day SMA. Those are also potentially consistent with an upward trajectory. Third, prices rallied after most of the quarterly reports. That may reflect optimism about its fundamentals. NXT is a relatively new company whose systems keep panels pointed at the sun. It mostly serves large utility-scale projects and not residential installations. Its niche, which includes Array Technologies NASDAQ:ARRY , has recently strengthened as AI fuels power demand. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:NXT
by TradeStation
TAP flushed on a good earnings beat into support LONGTAP appears to to have fallen into support on a good earnigns beat Perhaps traders were expecting a better beat. It is now 15% below the resistance zone where shorts will take positions and longs will sell- off. TAP has sales and consumer loyalty in its brands. It is free of the controversies that had bogged BUD down. I see this as an opportunity to get a decent stock at a discount. My target is 62 at the half way point has designated by the fib tool.
NYSE:TAPLong
by AwesomeAvani
RIVN a trade from deeply undervalued LONGRIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock while TSLAs fundamentals are challenged by earnings constraints in the face of downward pricing and whether discounting will stimulate demand or instead accelerate the path down as investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
NASDAQ:RIVNLong
by AwesomeAvani
19
COST: Technical Strength Ahead of EarningsMuch of the Consumer Defensive industry and most Discount Stores have been in decline due to rising inflation. Many stores are struggling with lower revenues due to higher costs and their customers being more frugal during rising inflation periods. NASDAQ:COST is an exception with its massive strategy to buy food and common consumer necessities directly from producers and manufacturers and then use the Costco private label, Kirkland. The quality of the packaged food or clothing or other consumer product is the same, but with its ability to buy huge quantities, it has higher revenue growth after the pandemic that other stores would envy. The stock needs to settle into a sideways or platform trend to pattern out some excessive pricing structure from last quarter. It reports May 30th and the trend implies that the report should meet or exceed estimates. The previous Fundamental level is a Dark Pool Buy Zone, providing solid support. Pro traders followed that with a new pattern I call "the Nudge" which tends to lead upward momentum.
NASDAQ:COSTLong
by MarthaStokesCMT-TechniTrader
Why Nvidia Stock Could Continue Its Bull Run After May 22This year has been remarkable for Nvidia (NASDAQ: NVDA) investors, with the company's shares surging more than 91%. The stock's momentum might receive a further boost when Nvidia announces its first-quarter fiscal 2025 earnings on Wednesday, May 22. Nvidia is set to release its quarterly report amid favorable trends in the artificial intelligence (AI) semiconductor sector, potentially enabling it to surpass Wall Street's forecasts. KeyBanc analyst John Vinh projects Nvidia will report Q1 earnings of $5.81 per share on revenue of $25.6 billion, which is higher than the consensus estimates of $5.57 per share in earnings and $24.6 billion in revenue.
NASDAQ:NVDALong
by una_exp
Howmet Aerospace Holds a Lot of PotentialNYSE:HWM Howmet Aerospace holds a lot of potential. They manufacture components for jet engines, fasteners, and titanium structures for aerospace applications, and forge aluminum wheels for heavy trucks. Aluminum products are an excellent choice to help achieve higher energy efficiencies due to their lighter weight. Just to give you an example, aluminum alloy wheels are 30% lighter than steel wheels. Higher inflation wouldn't affect this company much. In fact, during their last earnings call, I believe they said that 95% of their costs can be passed onto their customers. The financials have been great since the split from Arconic Inc., but of course, you need to wait for the fundamentals and the technicals to align before you make an entry. I made my initial purchase the day of the earnings gap. Now that I have a cushion, I added more during the pullback. I believe this earnings gap pullback shows relative strength; it hasn't even come close to the breakout candle. This stock is a market leader. It's already up 63% in the last 6 months. Hopefully, I can get a nice swing out of this one. What stocks are on your radar right now?
NYSE:HWMLong
by JoelTCampbellJr
Study of Dark Pool Buy Zones: CRWDNASDAQ:CRWD reports out of season, June 4th. When outlined to eliminate the extreme price action, there is a clear sideways trend. This is a Dark Pool Buy Zone. When the stock moves outside of that zone, it recovers quickly back into the zone. The huge Black candle was a gap up by HFTs on the last earnings report, followed by pros taking profits. Along with a lack of accumulation at that level, the stock whipsawed back down. The black candles thereafter were smaller funds selling on each bounce. Notice the tiny white candles that follow the black candles (see the orange arrows), patterns that reveal controlled, incremental buying against the selling. This is a longer sideways trend with stronger support and more definition of the buy zone despite heavy interference from small funds selling in the past couple of months.
NASDAQ:CRWD
by MarthaStokesCMT-TechniTrader
BMY- a large cap pharm loosing market cap SHORTBMY is here on the daily chart. The double top and death cross of the EMA moving averages makes for a strong candidate to short with shares or take put options. A comparsion of the most recent earnings report with the previous one sixty days earlier tells most of the story. The dual time frame RSI indicator shows ongoing wekaness. I will short BMY here and take some call options as well. I am in LLY long in a big position. This will be a race in opposite directions for two large cap pharmaceuticals.
NYSE:BMYShort
by AwesomeAvani
Ashapura Minechem Ltd: Poised for Growth?Ashapura Minechem Ltd has shown a remarkable progression in its quarterly sales figures, escalating from INR 350 crores in December 202 to an impressive INR 713 crores in December 2023. This consistent upward trajectory is indicative of robust sales growth, a positive sign for potential investors. Despite facing challenges, as evidenced by the volatile operating profit margins (OPM) which even dipped into the negative territory in December 2021, the company has managed to rebound effectively. The resilience is portrayed through the OPM climbing back to 8% by December 2023. When we scrutinize the Profit & Loss statements over the years, it's apparent that sales have more than doubled from March 2021 to the trailing twelve months (TTM) ending in March 2024. This phenomenal growth is underpinned by a substantial increase in net profit, escalating from INR 87 crores in March 2021 to INR 254 crores in TTM March 2024. Furthermore, the company has displayed commendable liquidity management, with its net cash flow from operating activities shifting from negative to a positive INR 47 crores in March 2023. Also, the increase in reserves from INR -364 crores in March 2012 to a robust INR 785 crores by September 2023 signals strengthened internal financial health. The cash conversion cycle and the debt management need to be monitored closely. Nonetheless, a decline in debtor days from March 2021 to March 2023 and a steady ROCE % around 16% by March 2023 affirm efficient operations and profitability on capital employed. Moreover, the shareholding pattern brings confidence, as increasing promoter stakes signal strong conviction in the company’s future prospects, escalating marginally to 45.39% by March 2024. Taking our analysis to the technical realm, the current market price of INR 341 near the resistance line of the six-month linear regression channel might suggest a potential price consolidation or retracement. However, here's why a long position holds promise: Sales Growth: The company’s sales figures are showing strong momentum which can potentially translate into increased earnings in the coming quarters. Profitability Increase: The Net Profit and EPS are exhibiting growth, which could lead to upward price movements as the market reassesses the company's valuation. Robust Reserves: The steady increase in reserves is an indicator of the firm's improving net worth and financial robustness. Promoter's Faith: The incremental increase in promoters' shareholding suggests a bullish sentiment from those with intimate knowledge of the company. Given this information, if the price breaks through the resistance, it could be an indicator of strength, backing up the fundamental analysis and providing a solid entry point for a long position. For investors considering the long game, the conjunction of promising fundamentals and positive technical setups could suggest that Ashapura Minechem Ltd is gearing up for a potent market move. However, this must be balanced with diligence and an understanding of risk, especially given the volatility in operating margins and the reliance on continuous market momentum. In conclusion , Ashapura Minechem Ltd's ascendancy in financial metrics coupled with a reassuring increase in promoter holding and robust sales growth creates a compelling narrative for investors to consider a long position. The technical analysis, while currently at resistance, will serve as a crucial determinant in timing market entry. The key is to watch for a breakout which would signal undoubted strength and propel the stock into a new bullish phase. Disclaimer: The above analysis is based on historical and current financial data. I recommend investors perform their due diligence and consult a financial advisor before making any investment decisions.
NSE:ASHAPURMIN
by stocktechbot
Technical Study of Fundamental Support for NVDA EarningsNASDAQ:NVDA is the NYSE:GE , NASDAQ:MSFT , or NYSE:GM of prior Great Bull Markets of the past. It is overly influential; when it moves so too do most of the other semiconductor, electronic components, gaming stocks, etc. Too much importance is placed on this one lone stock. It is just one of many companies that are leading this new Great Bull Market. However, NVDA has an earnings report due out Wednesday May 22. The black line defines the support that has held the stock even when the overall sentiment of retail groups was selling other stocks down more steeply than this one. The sideways trend is not developed enough at this time to pattern out any excessive pricing above fundamentals. The question is where are the fundamentals right now--obviously well above the lower level outlined in blue, which was the previous fundamental support level. The sideways support of February, outlined in orange, was the start of a fundamental support level before retail traders and smaller funds went bonkers on their excitement about NVDA beating expectations. One good indication that fundamentals are within the current wide sideways trend is the fact that this stock has been trending back up to a narrow sideways trend, outlined in green. Watching this stock this week can provide some more information for pre earnings run activity. Holding through to the earnings date poses higher risk as HFTs are gapping stocks down on earnings news that is not bad news but a minor weakness somewhere in the earnings report.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
SBUX gets another earnings miss SHORTSBUX on the dialy chart may be another candidate to short while the general market remains challenging in the face of the loss of anticipated rate cuts and ongoing geopolitical risk. SBUX has been trending down for nearly six months and the earnings miss add emphaisis to the trend. At this juncture, there is nothing to suggest a turnaround. I am adding SBUX to my short list. I will look for pivot highs on a lower time frame and average into an overall position in pieces.
NASDAQ:SBUXShort
by AwesomeAvani
Price prediction based on financial reports and interest rate After reviewing Q3 financial report my guess is that YTD net profit -424 MNOK is incorrect. They added an estimated aquculture tax based on 100% of profit before tax. In the Q3 financial report thet added following statement: "The government’s proposal on resource rent tax on aquaculture (in the sea) was adopted by the Storting on 31 May 2023. The estimated tax expense is very uncertain." My guess is that the new tax is new and unclear how it will be implemented, therefor they purposefully added it higher, which resulted in negative net profit YTD. Future rate cuts will increase asset value which decreased 710 MNOK in Q3, and decrease future interest expenses. In short I base my bully view on that purposefully made the financials seems worse until the new aquaculture tax is more clear how it will be implemented.
OMXSTO:AUSSOLong
by Grodanx