NQ Power Range Report with FIB Ext - 12/20/2024 SessionCME_MINI:NQH2025
- PR High: 21429.25
- PR Low: 21363.00
- NZ Spread: 148.25
Key scheduled economic events:
08:30 | Core PCE Price Index (YoY|MoM)
Value decline continues below daily Keltner avg cloud
- QQQ gap filled
- Maintaining vols since FOMC triggered selling
- Next key pivot, 20920 zone from Nov 27
Session Open Stats (As of 12:40 AM 12/20)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 345.51
- Volume: 51K
- Open Int: 237K
- Trend Grade: Bull
- From BA ATH: -5.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Highvolume
NQ Power Range Report with FIB Ext - 11/6/2024 SessionCME_MINI:NQZ2024
- PR High: 20364.75
- PR Low: 20335.75
- NZ Spread: 65.0
Key scheduled economic events
10:30 | Crude Oil Inventories
13:00 | 30-Year Bond Auction
High vol session open, 317 point (~1.43%) range
- AMP temp margin increase remains in place for expected volatility
- Strong auction lift back towards 20800 pivot
Session Open Stats (As of 12:15 AM 11/6)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 307.30
- Volume: 81K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -2.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 9/3/2024 SessionCME_MINI:NQU2024
- PR High: 19683.00
- PR Low: 19615.50
- NZ Spread: 151.0
Key scheduled economic events
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
Contract rollover month
- Holding previous week's range
- Near Friday's high
Session Open Stats (As of 11:15 PM 9/2)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 388.02
- Volume: 94K
- Open Int: 244K
- Trend Grade: Bull
- From BA ATH: -6.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 8/5/2024 SessionCME_MINI:NQU2024
- PR High: 18390.00
- PR Low: 18269.25
- NZ Spread: 270.0
Key scheduled economic events
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
Sustaining high volatility with wide weekend gap
- Weekend gap down remains unfilled
- Value deline ~300 points below Friday's low
Evening Stats (As of 10:55 PM 8/4)
- Weekend Gap: -0.66% (open > 18515)
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 438.33
- Volume: 66K
- Open Int: 244K
- Trend Grade: Bull
- From BA ATH: -13.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
#SRM_Contractors All time high breakoutTechnical Analysis -
Resistance of Rs.240 is broken with huge volumes, potential to very high return in 1-2 years.
Fundamental Analysis -
Company is an Infrastructure player majorly works in Jammu & Kashmir region. Main clientele of this company is mainly Govt. companies like Border Road Organization, Indian Railway, National Highways Authority of India, etc.
Recently won 3 orders of new projects combined worth 568.25 Cr. Making their orderbook of 1248.25 Cr (guesstimate it can be more)
High Volume Times to Trade / Part 1 🔣Hello traders welcome back to another Concept video. In this video, we detail some of the best times to trade the Eur/Usd Currency pair. This happens to be at Session opens. We go through the 3 Session opens and walkthrough examples of increasing volume ( Large candles). Session opens can provide a great catalyst for 1) a continuation of momentum of the preceding trend or 2) a dramatic reversal. The Euro and the U.S. Dollar are not open during the Asian session and so the candles are much smaller and the average volatility is much less. However, the same concept applies regarding the former.
High Volume Times to Trade / Part 2 🔢Hello Traders welcome back to another concept video. This is the second video in our series -- High Volume Times to Trade --
We talk about
1) 4Hr Candle Opens/Closes
2) New York Stock Exchnage Open
3) London Close
Scalping/Intra-day trading during these times, in my experience, can provide unique opportunities to profit on Eur/Usd.
Similar to Part 1 of our series, these additional times to trade can provide that extra volume for
1) a nice continuation of the preceding trend
2) a short-term reversal of the preceding trend
and 3) act as a catalyst for the beginning of a higher timeframe trend
NQ Power Range Report with FIB Ext - 2/20/2024 SessionCME_MINI:NQH2024
- PR High: 17790.00
- PR Low: 17738.75
- NZ Spread: 114.75
No signficant calendar events
High vol open creating super wide NZ spread
- Anticipated high volume following virtually a long weekend
- Maintaining prev week's range
- Daily print showing pivot to downside
- Breaking lows of engulfing bar
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 235.22
- Volume: 133K
- Open Int: 285K
- Trend Grade: Bull
- From BA ATH: -2.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Toll Brothers Inc. ($TOL) AnalysisSector: Consumer Cyclical - Residential Construction | Country: USA
Company Overview:
Toll Brothers Inc., a key player in the consumer cyclical sector, specifically residential construction, holds a significant position in shaping the real estate landscape in the United States. Known for its innovative approach and commitment to quality, Toll Brothers Inc. plays a crucial role in the dynamic and ever-evolving construction industry.
Performance Metrics:
NYSE:TOL demonstrates robust signals and compelling performance metrics within the wide-net screening, indicating its potential for growth and resilience in the residential construction sector.
Relative Strength: NYSE:TOL exhibits a remarkable relative strength, boasting a score of 7.8 against its sector and 4.53 against the S&P500. This suggests a notable outperformance, underlining its competitive edge and market strength.
U/D Ratios: With U/D ratios standing at 1.0 (50 days) and a strong 1.69 (15 days), NYSE:TOL showcases positive market sentiment, emphasizing recent bullish activity and supporting a favorable outlook.
Detected Base Depth: A substantial detected base depth of 22.4% positions NYSE:TOL strategically, indicating a solid foundational level and potential for significant upward movement.
Price Dynamics:
The last closing price's slight deviation of 4.53% from base resistance suggests a favorable positioning, indicating potential for a breakout.
Robust volume, standing at 71.73% above the 15-day average, indicates heightened investor interest and active participation, contributing to positive market sentiment.
Recent candlestick patterns reveal a 0.24% range in the last candle body and a solid 69.0% closing range, indicating recent price stability and a strong closing stance.
Short-term Trends:
Over the last 10 days, NYSE:TOL has experienced rising prices, accompanied by increasing volume and accumulation. This alignment suggests a bullish sentiment among investors, supported by short-term positive trends.
EMA Analysis:
Historical EMA patterns indicate that NYSE:TOL typically encounters local tops when the price closes around 55.89% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.04% away from the 50 EMA, providing insights into potential correction levels.
Trade Idea:
With an entry point set at $87.31, the trade idea presents an opportunity aligned with current market dynamics.
A disciplined stop loss at $83.82 mitigates risk at 4%, adhering to prudent risk management principles.
The trade targets an attractive 11.66 Risk-Reward (RR) ratio, with a target price of $128.03, anticipating a total profit of 46.65%.
Conclusion:
Toll Brothers Inc. ( NYSE:TOL ) emerges as a strong contender in the residential construction sector, supported by impressive relative strength, positive short-term trends, and insightful EMA dynamics. The proposed trade idea aligns with a base breakout strategy, presenting an attractive risk-reward profile for investors seeking opportunities in the dynamic realm of residential construction.
UDMY (Long) - Edutech reversal playFundamentals
Not my usual play, but I do like to tell myself that I have developed a keen eye for reversals. So let's see if this one works out
Udemy is an Edutech firm with surprisingly good fundamental s, considering the stock price would probably be telling you otherwise
Valuation is not extended (compared to the current market standards - P/S = 2.8), the sales growth is reliable and strong while the firm is nearing profitability
The business carries high margins and if it remains on the current trajectory, it is bound to become a highly profitable firm.
And as a bonus, it does not have any debt!
The thing I like the most though is the support the stock is getting from the overall education sector. Look at the charts of NASDAQ:DUOL or NYSE:COUR (which I recently covered in another post) to see how strongly these stocks have been performing
Technicals
Reversals are very tricky, but there is a couple of signals to always look out for
The stock broke the series of lower lows and lower highs and is establishing a new higher high
The price broke cleanly through all moving averages
And it has done so on very positive news that carried the stock 30% higher . Most importantly, we can see follow-through in price; not collapsing higher or consolidating, but rather marching higher
RSI is breaking towards new highs despite the stock being price-depressed and stochastics are showing a strong momentum
I do not know if this trade lives up to the expectations, but this is how I would imagine an ideal reversal
Trade
Putting on the trade is rather tricky , I am not going to lie. Hence why I have not put it on myself either
The next support levels are unfortunately 10% away (the black line) and the stock price has not properly pulled back. A good sign of the underlying strength, but bad if one wants to enter the trade
One option is to wait a bit but risk the trade running away from you. This is what I am going to choose because my own risk managemen t would not let me enter the trade at this price.
The other choice is to get in now. In that case, I am going to leave it to each and every one of you to pick your own spot for a stoploss. At this point, there is only one viable level that I can see, which is around the black line depicted on the graph
By the way, a really good pick for a long-term investmen t if someone is interested in that
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
CYBR (Long) - Cybersecurity charts are too good right nowFundamentals
I have recently published a trade idea for another cybersecurity stock ( NASDAQ:QLYS ) and seems to have become a theme. The cybersecurity sector is rallying on the back of geopolitical tensions and some stocks, like NASDAQ:CYBR have put some lovely technical setups
The fundamentals here are not as pristine as in the case of NASDAQ:QLYS , but they are still robust
The revenue growth is strong and has remained robust and consistent; the sales have grown nearly 1500% in the past decade, from 47m to $700m
The company has a healthy balance sheet with a reasonable level of debt
The valuation is elevated , but that is to be expected for stocks with a lot of momentum. However, here I am attracted more to the technical setup
Technicals
Anyone who has seen my other trade ideas knows that a solid base with a high-volume breakout is a vital part of my analysis. Here, we have a base which has been forming over a three-year period . Usually, the longer the period, the more robust the base.
Last week, the base broke on a release of strong earnings followed by a higher-than-average volume, and most importantly, we have seen follow-through in price, suggesting the breakout likely has legs
Other indicators suggest continuing momentum and the overall sector is also remaining strong and in support of the rally
Trade
The price is a bit far off from the breakout point, so it currently does not offer the most ideal entry point. I would probably suggest waiting for a pullback or at least a consolidation as the stock is slightly extended on the daily.
However, for someone with a more long-term outlook , this price represents an entry as good as any
Suggested stop-loss is at the breakout point. A caveat would be if the stock fell back and through the breakout point.
One should also watch for the performance of the overall industry . For that, I can recommend the cybersecurity ETF AMEX:HACK
Follow me for more analysis & Feel free to ask any questions you have, I am happy to help
If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NQ Power Range Report with FIB Ext - 9/5/2023 SessionCME_MINI:NQU2023
- PR High: 15534.25
- PR Low: 15514.00
- NZ Spread: 45.25
Expected high volume following long weekend
Evening Stats (As of 1:15 AM)
- Weekend Gap: N/A
- Session Gap: -0.33% (open > 15807)
- Session Gap: -0.11% (open > 15939)
- Session Open ATR: 246.89
- Volume: 99K
- Open Int: 259K
- Trend Grade: Neutral
- From ATH: -7.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15247
- Short: 14675
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 5/25/2023 SessionCME_MINI:NQM2023
- PR High: 13884.00
- PR Low: 13803.00
- NZ Spread: 181.0
Initial Jobless Claims and GDP at 08:30 EST.
Pending Home Sales for B-period.
Delayed but strong response to FOMC closing back above 13737 key level.
- Strong volatility lead to session gap up, +0.20%.
- Immediately closed gap for wide NZ spread.
Evening Stats (As of 12:15 AM)
- Weekend Gap: -0.26% (filled)
- Session Open ATR: 191.97
- Volume: 48K
- Open Int: 272K
- Trend Grade: Neutral
- From ATH: -17.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14103
- Mid: 13531
- Short: 12959
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BTC: Good times ahead?Bears have had it their way with the Bitcoin for well over a year now, as a result, the most popular crypto was brought down from sky-high prices to nearly under-ground levels in a matter of weeks. And it's probably gonna take months for this thing to completely recover and reach a new all-time high, if ever. But regardless of what happens in the distant future, current price-levels seem to be offering a great opportunity for those looking to accumulate Bitcoins in 2023.
Here's a brief:
- The price for the first time in months has found some respectable resistance(support in this case), and is gradually moving into a nice accumulation phase. This is where we can expect serious buyers to start creeping in to almost secretly take hefty positions at certain levels, neutralising the selling pressure and curb the trend over a period of time.
- Accumulation can obviously go on for an extended period of time, given the strength of the down-trend and the kind of volume required to turn that around. I think we have just entered the same accumulation phase with Bitcoin too, and we can now expect a back and forth tussle between the buyers & the sellers, before one of the parties over-powers the other.
- I'm in the favour of a trend reversal here, meaning my outlook is bullish towards Bitcoin, and that is mainly for two reasons:
1. Higher volumes in last six months or so, resulting in more frequent green candles, albeit narrow ranged ones. This indicates good absorption at recent levels, and a stronger intent from the buyers.
2. Given the volatile nature of the crypto market, this one offers a great upside potential with a manageable amount of risk.
- Technical indicators aren't really giving any strong signals yet, though weekly RSI has moved up by about 50% in last month or so, we can expect it to cool down a few times before it actually locks in with ADX & Stochastic(I use these three in conjunction, but one should see similar convergence with other indicators too).
Final Note:
- This is just my personal opinion, please do not consider this as a financial advice.
- This is a long-term trade, which can probably take several weeks to unfold.
- Go slow & steady, mark your levels, and have fun hunting!
PENIND rounding bottom breakoutCMP 80.05 | Strong Momentum | Increasing profits every quarter for the past 2 quarters | FII / FPI or Institutions increasing their shareholding | New 52 week high
*Not recommendation
Multi-product company manufacturing CR tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systems
$LSTR is showing signs of moving higher from its cup and handle!Notes:
* Strong up trend on all time frames
* Good earnings track record QoQ with a few misses
* Basing for the past ~14 months
* Creating a cup and handle pattern on the weekly chart
* The handle pulled back to its 50 day line and used it as support
* It's now breaking out of the handle with higher than average volume on the weekly chart
* Offering an early entry along with a pocket pivot indicating institutional demand
Technicals:
* Sector: Industrials - Integrated Freight & Logistics
* Relative Strength vs. Sector: 1.75
* Relative Strength vs. SP500: 2.32
* U/D Ratio(50): 1.07
* U/D Ratio(15): 1.27
* Base Depth: 34.1%
* Distance from breakout buy point: -5.51%
* Volume 105.58% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its handle with higher than average volume
* If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
GE - uptrend underway?The chat is self explanatory. Double Bottom, and then a golden cross. Finally a high volume candle on 4 Jan23 that propelled it quickly from 66.31to 71.94 (8.5%) in 3 days.
Initial stops can be placed just under the high volume candle (ie < 66.70).
However with numerous near term resistences looming, expected to face some pullbacks / consolidation along the way up. Near term dips will present good opportunity to long. Do not chase if the stock has been rising as it approach earnings release (expected on 24 Jan) as it could then more likely than not to sell off on "news" (good or bad).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NQ Power Range Report with FIB Ext - 10/3/2022 SessionCME_MINI:NQZ2022
- PR High: 11051.25
- PR Low: 10972.50
- NZ Spread: 176.25
Evening Stats (As of 12:30 AM)
- Weekend Gap: -0.26% (filled)
- 8/29 Weekend Gap: -0.18% (open > 13125)
- 8/19 Session Gap: -0.04% (open > 13540)
- Session Open ATR: 333.56
- Volume: 82K
- Open Int: 280K
- Trend Grade: Bear
- From ATH: -34.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12391
- Mid: 11820
- Short: 10678
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.