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MULN: Price Surges from .10 to .17 - Key Insights for tradersMULN, a prominent stock in the market, has experienced a significant surge in its price today. Starting at 10 cents, the stock quickly climbed to 17 cents during regular trading hours and continued its upward momentum, reaching 19 cents after hours. This dramatic price movement has caught the attention of traders and investors. Let's explore the factors behind this surge, utilizing information from various sources, including Mullen's official website, to provide valuable insights for traders. 1. Positive News Catalysts: Mullen Automotive, the company behind MULN, recently made an announcement regarding the sale of 22 electric vehicle (EV) cargo vans to Randy Marion Automotive Group. According to Mullen's official website, this sale will generate sales revenue to be recognized in the upcoming 10-Q report. Such positive developments contribute to the growing confidence in MULN's business operations and revenue potential. Traders should consider the impact of these sales on the company's financial performance and investor sentiment. 2. New Vehicle Sales and Market Expansion: The sale of EV cargo vans to Randy Marion Automotive Group signifies MULN's success in expanding its market presence. By securing deals with notable customers, MULN demonstrates the growing demand for its EV offerings. Traders should monitor Mullen's official website and other reliable sources for further updates on new vehicle sales, strategic partnerships, and expansion plans, as these factors can significantly impact the stock's performance. 3. Price Analysis and Support/Resistance Levels: - Support Levels: 1. Immediate Support: Around 16 cents, the stock has displayed buying interest, bouncing off this level. Traders should closely monitor this level as a potential support zone. 2. Stronger Support: Near 14 cents, we can observe a significant level of support where the stock has historically found considerable buying pressure. This level could act as a stronger support area if the stock experiences a deeper pullback. - Resistance Levels: 1. Immediate Resistance: The chart indicates resistance near 18 cents, where the stock encountered selling pressure in recent price movements. Traders should closely watch this level as a potential barrier for further upward movement. 2. Stronger Resistance: Around 20 cents, we can observe a significant resistance level. The stock has faced challenges breaking through this level in the past. A sustained move above 20 cents could signal increased bullish momentum. - Moving Averages: 1. The 50-period Moving Average (MA): Currently, the price appears to be above the 50-period MA, suggesting a potential short-term bullish bias. Traders can monitor the relationship between the price and this moving average for potential shifts in sentiment. 2. The 200-period Moving Average (MA): The price's position relative to the 200-period MA can provide insights into the stock's long-term trend. Traders should monitor whether the price remains above this moving average for indications of a positive long-term outlook. Conclusion: MULN's price surge from 10 cents to 19 cents today has sparked significant interest among traders. By analyzing information from various sources, including Mullen's official website, positive news catalysts such as new vehicle sales and market expansion, and technical analysis, traders can gain valuable insights into MULN's potential. Conducting thorough research, staying updated with news articles, and referencing Mullen's official website will empower traders to make well-informed decisions aligned with their investment goals. News: 1. Mullen Announces the Sale of 22 EV Cargo Vans to Randy Marion Automotive Group; Sales Revenue to Be Recognized in Upcoming 10-Q news.mullenusa.com 2. Mullen Automotive Inc.’s latest rating changes from various analysts knoxdaily.com 3. Mullen Automotive’s stock rockets on record volume after EV maker vows to ‘take action’ against naked short sellers www.marketwatch.com
NASDAQ:MULNLong
by maybethatguy
Reporting is not the end of life. We need to look further.The reporting season for the second quarter begins this week. All investors will want to know about the state of companies and their economies. Earnings included in the SP500 are projected to decline by approximately 7.6% year-on-year. This will be the third consecutive quarter of decline and the largest decline in earnings reported by the broad-based index after a loss of approximately 32% in the second quarter of 2020. But investors will be watching even more closely to see what companies forecast for their financials and the economy as a whole. This will be more important than looking back on earnings results to determine whether this year's rally can continue and whether the economy is headed for a downturn. The S&P 500 is up about 16% for the year, driven by the artificial intelligence hype that propelled tech stocks to sky-high heights and an economy that has remained resilient despite the Federal Reserve's aggressive pace of interest rate hikes. The economy showed no signs of slowing down this year. Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 2% in the first quarter, compared with a second estimate of 1.3% reported last month. Some investors say the strength of the economy could begin to wane as the Fed continues to raise interest rates and consumers draw on savings built up in the midst of the pandemic. Source: CNN
TVC:DXY
by aleksandr_shirin
WKHS: Bullish Signals Galore as Volume Surges and Key IndicatorsHello Traders! Today, let's dive into Workhorse Group Inc. (WKHS). With a recent spike in volume and several bullish indicators aligning, WKHS seems to be attracting attention. Let's take a closer look at the technical analysis and key signals driving this potential trade. 📈 Price Action and Volume: WKHS is currently trading at $1.05, displaying an intriguing price level for both short-term traders and long-term investors. The recent surge in volume suggests increased interest in the stock, adding to the excitement surrounding WKHS. 📈 Relative Strength Index (RSI): The RSI is a powerful momentum indicator used to gauge overbought or oversold conditions. In the case of WKHS, the RSI is on the rise, indicating growing bullish strength. This upward trend in RSI suggests that buyers are stepping in, potentially driving the stock's price higher in the near term. 📈 Positive Directional Indicator (+DI) Crossed Over Negative Directional Indicator (-DI): The +DI crossing over the -DI is a classic bullish signal derived from the Directional Movement Index (DMI). This crossover indicates a shift in momentum from bearish to bullish, potentially pointing to an upward trend in WKHS. Traders often consider this signal as a buying opportunity. 📈 Moving Average Convergence Divergence (MACD) Histogram: The MACD histogram is an essential tool for identifying changes in a stock's trend. Currently, WKHS is showing a heavy bullish MACD histogram, indicating a strong buying presence in the market. This bullish momentum, combined with the increasing volume, could contribute to further price appreciation. 📈 Average Directional Index (ADX): The ADX measures the strength of a stock's trend. As the ADX starts to rise, it suggests the possibility of a new trend forming. With WKHS, the ADX is starting to rise alongside the bullish signals mentioned earlier, reinforcing the potential for a sustained upward movement. 📊 Conclusion: In summary, Workhorse Group Inc. (WKHS) presents an exciting trading opportunity. The recent spike in volume, coupled with the rising RSI and the +DI crossing over the -DI, indicates a shift towards a bullish momentum. Furthermore, the heavy bullish MACD histogram and the ADX beginning to rise with the trend all add to the positive outlook for WKHS. As always, it is essential to conduct thorough research and perform your own analysis before making any trading decisions. Keep a close eye on WKHS as it develops and consider incorporating these signals into your trading strategy. Best of luck, and may the markets favor your trades! 📈💪 News: Workhorse Group Engages Burr Truck and Trailer Sales as its First Distribution and Service Partner in New York - 7/12/23 finance.yahoo.com EV Roundup: RIDE Files for Bankruptcy, WKHS Hits Milestones & More - 7/3/23 finance.yahoo.com Workhorse (WKHS) Commences Production of W750 Electric Van - 6/28/23 finance.yahoo.com
NASDAQ:WKHSLong
by maybethatguy
Everyone is worried about the prospects for inflation.This week, companies in the US will report on how much profit or loss they have made. Of course, most likely it will be about profit. And these data will tell the experts what dynamics of inflation is expected. Many experts are sure that the received profit is closely connected with the future indicators of inflation. Inflation is finally coming down. But consumer goods prices continue to rise, and just as fast. Earlier, the Fed chairman said that wage growth should slow down to reduce inflationary indicators. But at the same time, some experts point to another culprit: corporate profits. The International Monetary Fund also claims that half of inflation is due to corporate profits. This week will be published two major indicators of inflation in the US - the consumer price index on Wednesday and the producer price index on Thursday. Friday morning earnings reports for the second quarter start with reports from JPMorgan Chase, Wells Fargo, Citi and Blackrock. Source: CNN
TVC:DXY
by aleksandr_shirin
Check out this week's events:11.07 EUR German Consumer Price Index (CPI) (MoM) (June). 11.07 USD Short-term forecast of the situation on the energy markets from the EIA. 12.07 NZD Interest rate decision 12.07. 15:30 USD Base index. Consumer Prices (CPI) (MoM) (June) . 12.07 USD Consumer Price Index (CPI) (MoM) (June). 12.07 USD Consumer Price Index (CPI) (YoY) (June). 12.07 CAD Interest Rate Decision . 12.07 USD Crude oil reserves. 13.07 GBP GDP (MoM) (May) . 13.07 USD The number of initial applications for unemployment benefits. 13.07 USD Producer Price Index (PPI) (MoM) (June).
TVC:DXY
by aleksandr_shirin
2
The money will get even faster.The Federal Reserve is unveiling its new "FedNow" system - it will allow banks to send domestic payments instantly. Even at midnight Saturday and even on a holiday. Now all payments are processed in old systems and their processing takes several hours or even days. With the new, everything will become much faster. But, as always, there is one "BUT!" - If you provide full access to individuals, they will be able to withdraw and cash out any amount in a short time. That could prove a problem for smaller banks. Therefore, most likely the system will work in full access only between banks and enterprises. And individuals will have full access only to repay loans/mortgage debts. Source: CNN
TVC:DXY
by aleksandr_shirin
A High tight flag?XO has impressively gone up double in just a couple of months, responding the good news that the company has successfully penetrated the US market for the first time. The chart seems to be forming a High tight flag pattern. The price although did a break on 3rd of July, until today it has gone sideway instead of continuing the bull run. Considering volatility, I don't see a good contraction here but a noticeable long red candle on 21st June 2023 with massive volume (distribution?). I gave it a pass this time, and monitored closely...
SET:XO
by HybridRemora
CNN: "Does the Fed have the labor market all wrong?"The labor market just won't quit, but this could be another case of "good news is bad news" for the Federal Reserve. The US unemployment rate has been at or below 4% for the past year and a half, and the economy has gained an average of 314,000 jobs each month this year through May. People who need jobs are getting them, and those with jobs are getting paid more. Business and consumer sentiment remain resilient and spending and investment are also proving to be relatively robust. Gross domestic product, the broadest measure of economic output, grew by 2% in the first quarter. But while job growth is a sign of a healthy economy, Fed Chair Jerome Powell has said that he wants to see more slack in the labor market in order to bring inflation down. If there are too few people chasing too many jobs, he says, wages will rise and add to upward pressure on prices. What's happening: This week, a slew of new unemployment data is expected to show that US hiring finally slowed in June. Economists forecast that the US added 223,000 jobs last month, way down from the 339,000 added in May. But here's the thing: those forecasts have been way off. They projected sharp drops in hiring for April and May; instead there was increased employment. And so in order to get unemployment back to where it thinks it should be (5%), the Fed keeps pushing interest rates higher. But some economists are starting to wonder if it will ever get there. For decades, economists have said that the natural rate of unemployment — in a healthy, stable economy — was 5%. But in April, the unemployment rate reached 3.4%, with the 12-month average of unemployment reaching a record low of 3.6%. "Growth and unemployment rates at these levels are not only a sign of an extraordinary recovery from the previous recession, but also are a sign that this is not your parents' labor market," said RSM US chief economist Joe Brusuelas. "Today, we think the natural rate of unemployment is closer to 4%, which reflects a mixture of efficiency gains driven by technology and demographic factors that dampen overall unemployment." The efficiency of searching for jobs online and a newfound ability to work at home means that there's less friction in finding employment than ever before, he said. That may permanently lower unemployment rates. Plus, the mass retirement of baby boomers, slowing of immigration rates and long-term health impacts of Covid have also permanently altered the labor market. Why it matters: These changes have led many economists to say that the labor market doesn't matter anymore, said Kathryn Rooney Vera, chief market strategist at StoneX. The gig economy, generational differences, and baby boomer retirement make this " unlike anything we've seen," she said. "You have so much Fed tightening, and the most forecast recession in my lifetime, but consumers have not tightened their belts at all whatsoever." People clearly feel good right now, said Vera, and when people feel good their habits of consumption don't change. In an economy where consumer spending accounts for about 70% of America's gross domestic product, you would have to have big negative detractors from the rest of the economy to really cause a recession. "The economic expansion will just not die despite the twin inflation and interest rate shocks over the past two years," said Brusuelas. Perhaps it's time to accept that this is the new normal. Coming up: The May Job Openings and Labor Turnover Survey (JOLTS) and jobless claims are due out on Thursday and Government unemployment numbers for June come on Friday morning. Source: CNN Business
TVC:DXY
by aleksandr_shirin
APLD Analysis: Potential Breakout AheadIntroduction: Greetings traders! Today, I would like to share an analysis of Applied Digital (APLD), highlighting a potential breakout scenario. APLD is currently trading at $9.80, facing resistance on the daily chart between $10.50 and $11. Join me as we examine this horizontal channel and explore the possibility of a breakout, keeping in mind the need for a cautious approach. Our next daily resistance level stands at approximately $15. Chart Analysis: Upon examining the APLD chart, we can identify a well-defined horizontal channel that has formed between $10.50 and $11. This range has served as a strong barrier to further upside movement, causing multiple rejections in recent trading sessions. It is crucial to approach this potential breakout scenario with caution and consider additional factors before drawing conclusions. Technical Indicators: While the horizontal channel suggests the possibility of a breakout, we must analyze various technical indicators to gain a comprehensive perspective on APLD's potential trajectory. Currently, the Relative Strength Index (RSI) hovers around 55, indicating a relatively balanced state between buying and selling pressures. It implies that there might be room for upside momentum if buyers enter the market. Additionally, it is essential to consider volume analysis. In recent consolidation phases within the resistance zone, there has been a notable increase in buying volume. This surge in volume could indicate growing interest and potential accumulation, supporting the likelihood of a breakout. Breakout Scenario and Caution: Considering the factors mentioned above, we need to exercise caution despite the potential breakout scenario. While the indicators suggest bullish possibilities, it is crucial to wait for confirmation before assuming the breakout will occur. Traders should closely monitor price action and volume trends, seeking decisive moves above the resistance zone to validate the breakout. Conclusion: In conclusion, Applied Digital (APLD) shows potential for a breakout beyond the resistance zone between $10.50 and $11. However, it is crucial to approach this scenario with caution and wait for confirmation. Keep a close eye on price action, volume trends, and any significant catalysts that may impact APLD's price movement. Remember, trading decisions should be based on careful analysis and risk management. News: 7/1: Applied Digital Stock Surges 12% After Announcing Its Third AI Deal: www.coindesk.com 6/30: Applied Digital Announces Strategic Collaboration with Hewlett Packard Enterprise to Deliver AI Cloud Services: finance.yahoo.com
NASDAQ:APLDLong
by maybethatguy
APPLE ATH Fueled by Quintet PowerhousesHow did APPLE make a new ATH? In the fiscal year of 2022, Apple Inc. amassed a staggering revenue close to $400 billion. The tech behemoth’s financial forecast predicts an even more dazzling $450 billion by 2023. What’s at the nucleus of this financial prowess? Here’s a dissection of the five products and services that are the linchpins in Apple's revenue generation. 1. iPhone: The Standard-Bearer Since its inception in 2007, the iPhone has been the lodestar in Apple's stellar performance, consistently accounting for over half of the company’s revenue. There was a lull in the iPhone's sales during 2015-2020, but the fiscal years of 2021 and 2022 witnessed a robust resurgence. Could it be the worldwide lockdowns that reignited consumers' affinity for this beloved gadget? One wonders. Moreover, Apple's unceasing innovation has been a catalyst in this resurgence. The company has been adept at understanding and adapting to market trends, releasing newer models with advanced features such as enhanced camera capabilities, cutting-edge processors, and improved battery life. The introduction of 5G technology in the iPhone 12 and subsequent models further bolstered its appeal. With the ever-evolving landscape of consumer preferences, Apple's commitment to innovation ensures that the iPhone continues to hold its enviable position in the market. 2. Services: A Diverse Armamentarium Apple's services segment is a multi-pronged affair. The App Store and Apple Music are the twin pillars, but AppleCare, Apple Pay, Apple TV+, Apple Card, and iCloud storage are significant contributors as well. It's been an upward trajectory for this segment since 2013, with no signs of abating. Additionally, the expansion of Apple's services is emblematic of the company's strategic diversification. As the digital landscape evolves, Apple has astutely tapped into the growing demand for integrated services. Its focus on user privacy and seamless integration across devices has been a strong value proposition. For instance, Apple TV+ enters a competitive streaming market but with original content and collaborations with high-profile creators. Apple’s services segment not only supplements its revenue but also enhances customer retention and creates a more entrenched ecosystem, encouraging users to invest more within the Apple universe. 3. Mac: The Unwavering Pillar The allure of personal computers has attenuated globally, and Mac's revenue plateaued between 2011 and 2020. However, the Mac remains integral to Apple’s ecosystem, not least because of its role in keeping users within Apple's interconnected iOS operating system. In recent times, Apple has sought to reinvigorate the Mac lineup through innovation and integration. The introduction of Apple's own M1 chip, as opposed to relying on Intel's processors, marked a significant turning point. The M1 chip has been lauded for its performance and energy efficiency, giving the Mac a competitive edge. Furthermore, the seamless integration between the Mac and other Apple devices through features like Handoff, Universal Clipboard, and Sidecar has reinforced the appeal of owning a Mac as part of the larger Apple ecosystem. This ongoing revitalization suggests that Apple is far from considering the Mac as a legacy product, and is instead positioning it for a renewed period of relevance and growth. 4. iPad: Upon their debut, iPads were an instant sensation, raking in an impressive $19 billion in the first year. There was a zenith in 2014, after which sales experienced a decline. Currently, iPad sales hover in the range of $20-30 billion, cementing their place in Apple’s revenue mix. 5. Wearables & Accessories: The Rising Contenders Under this category, one finds an array of products including Beats headphones, AirPods, and the Apple Watch. This segment has been climbing the ladder of success since 2015. Notably, AirPods are estimated to constitute a quarter of the revenue in this category. Apple's foray into the wearables and accessories market is indicative of its visionary approach to emerging consumer trends. The health and fitness boom, for instance, has been adeptly capitalized on through the Apple Watch, which offers features like heart rate monitoring, exercise tracking, and ECG. AirPods, on the other hand, have become something of a cultural phenomenon, merging high-quality audio with sleek design. These products are not just revenue generators; they are an extension of Apple's ecosystem, promoting brand loyalty and customer engagement. By continuously innovating and expanding in this sector, Apple ensures it remains not just a heavyweight in consumer electronics but a trendsetter in lifestyle technologies. Conclusion: Apple's ascent to become the first company to reach $1 trillion and subsequently $2 trillion in market capitalization is hardly fortuitous. The aforementioned quintet of products and services is the bedrock of its supremacy. With consumers' unabated ardor for Apple’s innovations and the brand loyalty it commands, NASDAQ:AAPL remains a formidable player in the stock market. Is Apple part of your investment portfolio?
NASDAQ:AAPLLong
by financialflagship
21