Green Plains | GPRE | Long at $4.18Green Plains NASDAQ:GPRE , a company involved in the production of fuel-grade ethanol and corn oil, and grain handling/storage has seen a significant decline in stock price since 2023. Analyzing the company's historical stock performance shows it is highly cyclical and goes through "boom and bust" cycles every 4-8 years - whereby during booms the price has typically 10x'ed from the lows. History may not repeat, though.
From a pure technical analysis perspective, the company has already entered and slightly exited by "crash" simple moving average zone (green lines). While the lows may not be in yet, this zone (currently between $1.20 and $3.30) typically represents a longer-term bounce area or price consolidation.
Fundamentally, the company is currently unprofitable but expected to become profitable in 2026 and beyond. Debt-to-equity = 0.72x (low/moderate). Price-to-book = 0.31x. During the most recent earnings call, Chief Legal and Administration Officer at Green Plains noted the company’s past performance has not met expectations, but stressed “that is changing.” This includes exiting non-core operations and launching the sale of non-strategic assets in a commitment to achieve $50 million in cost reductions. The company is on track to meet that goal and has already achieved $30 million in annualized cost savings.
It's a speculative play that could go to $0. But at $4.18, NASDAQ:GPRE is in a personal buy zone based on technical analysis as well as future fundamental predictions (which could be BS...).
Targets:
$6.00
$8.00
GPRE
GREEN PLAINS (LONG TERM)IMPULSE MOVE
Elliot wave counts, Indication that wave 3 weekly is complete is done.
Earnings on Monday -- At the start of wave 4 (Correction wave), My projection is that it will either be flat or a triangle.
-- Could also be the best time to position a long-term trade based. Because a 5 WAVE (Weekly) Impulse move to the upside has not yet begun
Any inquiries or research you would like to be assistance with, feel free to reach out.
AMTX Sleeper Bull$AMTX has been a stunning example of a stock with all the signs of a great bull run. AMTX is very similar to another stock we cover called Pacific Ethanol ticker $PEIX. We have been following the AMTX since it crossed over its EMA Daily lines in March 2014. The stock being uplisted to NASDAQ in June gave it more room to run from 6 dollars up to a high of $13. Last month there was a spook article that was published that created a create opportunity to buy into $AMTX at a great discount. The stock has never looked back since its dip to the low 6's. The article proved to be false to a large degree and the stock remains to be very stable at 9.50. We see the stock poised to move higher again to re test its highs at 12 dollars. We have plotted our support and resistance lines.
While this is a small Ethanol pure play, the volume in this stock is very low. So expect huge swings if the stock does in fact move higher and break 13 resistance.
Our target on this stock is 21.76
We are long this stock from much lower levels so our risk tolerance is very high. New positions should take an averaging in approach, attempting to catch the stock on pullbacks. AMTX should remain very firm at or around 9 dollars due to large support.