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Industrials

DE traders buy on favorable earningsDeere Company had favorable earnings in May reporting quarterly earnings of about 3.5 % on their share's market price. DE is a blue-chip industrial sector stock comparable to CAT. It not a fast mover but very suitable for options trading or investment. On the 4H chart DE had been trending down through earnings in a descending parallel channel and relying on a lower VWAP for support. At the middle of this past week, DE made its reversal move into a trend up. This was accompanied by a change in the volume to predominantly buying volumes relatively high compared with the period before the earnings. This surge of volume of sorts is the fuel for upward price action. The zero-lag MACD indicator shows moving average divergence Price is breaking out of the channel moving towards the mean VWAP and POC line of the volume profile. demonstrating bullish momentum. Accordingly, I see DE as well setup for a long trade. ( SL $345 pivot low TP1 $400 ( 1 std above mean VWAP ) TP2 $420 ( 2 std above mean VWAP)
NYSE:DELong
by AwesomeAvani
✨ NEW: 3M (MMM) ✨ Swing/Position Trade ✨SLO @ 124.50 ⏳ TP1 @ 85.20 TP2 @ 60.00 BLO @ 52.80 ⏳ ADDITIONAL INFO: Based on the fundamental analysis below, I'm anticipating a swing to the upside before price action returns to the downside and continues to drop toward Demand (75D). Once we reach Demand @ ~52.80, I'll hold this equity as a Position Trade up to Major Resistance @ ~175.75. COMPANY REVIEW: 3M makes for a great investment because it is a diversified technology company that produces a wide range of products, including adhesives, abrasives, coatings, electronic materials, industrial tapes, medical supplies, and more. The company has a strong track record of innovation and growth, and it is one of the largest and most respected companies in the world. 3M has announced plans to invest $1 billion in research and development over the next five years. This investment will help the company to develop new products and technologies that will drive future growth. FINANCIAL PERFORMANCE: 3M has consistently generated strong financial results over the past few years. In the most recent fiscal year, the company reported revenue of $33.8 billion and earnings per share of $10.33. 3M's return on equity (ROE) is 36.1%, which is significantly higher than the average for the S&P 500 index. 3M's stock price has been on the rise in recent months. The stock price has increased by over 20% in the past year. This is likely due to a number of factors, including the company's strong financial performance, its positive outlook for the future, and the previously low interest rates environment. VALUATION: 3M's stock is currently trading at a price-to-earnings ratio (P/E) of 10.1. This is below the average P/E ratio for the S&P 500 index, which is 15.7. This suggests that 3M stock may be undervalued. DIVIDENDS: 3M is a dividend-paying company. The company has increased its dividend for 60 consecutive years, which is a testament to its strong financial performance. The current dividend yield is 6.19%, which is higher than the average dividend yield for the S&P 500 index. RISKS: There are some risks associated with investing in 3M stock. (1) The company faces competition from other global manufacturers, (2) it is also exposed to economic downturns related to the technology sector, and (3) the raised interest rates, by the Feds, opposed to 3M's stock price. When interest rates are increased, investors are more likely to lessen their investment in stocks, However, 3M has a strong track record of innovation and growth, which should help it to mitigate these risks. However, it is important to do your own research before making any investment decisions. You should consider your own financial situation and risk tolerance before investing in any stock.
NYSE:MMM
by ProfessorCEWard
Ingersoll Rand Inc WCA - Cup and HandleCompany: Ingersoll Rand Inc. Ticker: IR Exchange: NYSE Sector: Industrials Introduction: In today's technical analysis, we turn our attention to Ingersoll Rand Inc. (IR), a key player in the Industrials sector, listed on the NYSE. The weekly chart is demonstrating a potential Cup and Handle formation, a well-known bullish reversal and continuation pattern. This pattern has developed over a period of 553 days, suggesting a possible breakout on the horizon. Cup and Handle Pattern: This Cup and Handle pattern is a bullish continuation pattern that occurs during an uptrend and represents a period of consolidation followed by a breakout. It is characterized by a "cup" formation, followed by a smaller consolidation period called the "handle." Analysis: Previously, IR's chart was showing a clear uptrend, indicated by the green dashed line. Now, we are witnessing a consolidation phase that appears to take the form of a Cup and Handle pattern. The horizontal resistance is at $60.51, and the price is comfortably above the 200 EMA, signaling a bullish environment. A breakout above this resistance level could be a potential entry point for a long position. However, this setup also presents a unique condition, a natural breakout filter, in the form of a secondary resistance level at $62.33. A convincing breakout would ideally surpass both these resistance levels. The potential price target, if both resistance levels are broken, is set at $81.63, signifying an upside of approximately 35% from the breakout level. Conclusion: IR's weekly chart reveals an interesting setup with a potential Cup and Handle pattern. This could suggest a continuation of the previous bullish trend. This setup is currently a watchlist candidate and not a direct trading recommendation. As always, this analysis should be used as part of your comprehensive market research and risk management strategy. Please remember, this is not financial advice and investing always involves risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NYSE:IR
by KarimSubhieh
TARGET REACHED for KAP Limited at R2.25 - WarningReversal Diamond Formation formed on the Daily chart. This formation is a normally a big fight between the bulls and the bears. Once the price breaks below it, sets the bar for the next momentum slide. Which in this case was down. We had other indicators confirming the downside to come including. 200>21>7 _ Bearish RSI <30 - Bearish And our first target was at R2.25 which hit yesterday. It was a LONG hold but at least, some traders would have banked daily interest from shorting. Right now it's dangerous to just buy the stock because the price is so low. instead we need the market to turn and move in an uptrend establishment before we buy. Until then, I expect the market to continue to drop which I'll save the analysis for another day. EXTRA FACTS ABOUT KAP LImited you may not know. Formation: KAP Industrial Holdings Limited was established in 2004. Diversified Operations: KAP's operations are diversified and extend across sectors such as logistics, passenger transport, manufacturing, and distribution. Major Subdivisions: The company operates in two main divisions: diversified industrial and diversified logistics. Global Presence: KAP has a broad geographical footprint and operates in more than 20 countries, primarily in sub-Saharan Africa and parts of Europe. Noteworthy Brands: The company owns or is involved with numerous well-known brands such as Unitrans, PG Bison, Feltex, and DesleeMattex. The company's name, "KAP," is an acronym which stands for "Klipspringer, Algoa, and Peninsula," representing the names of three South African buses that were part of the company's origins.
JSE:KAPShort
by Timonrosso
$IWM Outlook 05/30 - 06/02 @capgainsgroupAs the S&P 500 and the NASDAQ rally into the green for the year, the Russell 2000 (aka the small cap index) has lagged behind and is barely green at +1.03% YTD for 2023. One of the reasons why this index hasn’t been doing well can be attributed to the index’s 15.18% allocation in the Finance Sector. Failing regional banks such as Silicon Valley Bank ( NASDAQ:SIVB ) and Signature Bank ( OTC:SBNY ) haven’t helped the index much. Investors who would like to play the Russell 2000 should pay attention to the 5 major sectors that makes up 73.23% of AMEX:IWM : Health Care (17.62%), Industrials (16.66%), Financials (15.18%), Information Technology (12.74%), and Consumer Discretionary (11.03%). Technical Analysis: AMEX:IWM recently formed a Death Cross (50 SMA x 200 SMA) on the daily chart in mid April. Although not very clean, there is a support uptrend line dating back to October 2022. Also, it seems like we have a head and shoulders pattern, using the Daily 170.30 level as the neckline. Bulls will want price to reclaim the weekly 178.90 level as a support. I lean bearish on this index. If AMEX:IWM can’t reclaim the two daily gaps above, at 176.74 - 177.42 and 180.53 - 181.28, I expect it to come down and test the yellow uptrend line and potentially break it to the downside in the coming weeks. Upside Targets: 176.74 → 177.42 → 180.71 → 181.28 → 183.76 Extended: 186.91 Downside Targets: 174.09 → 172.33 → 171.41 → 170.30 → 169.32 Extended: 166.81
AMEX:IWMShort
by peterjames_6
$AQUA with the trifecta: price, volume & relative strengthThe price has formed a head and shoulders pattern and now I'm waiting for the follow through above $50. The OBV and the RS ratio vs the S&P 500 are near new highs confirming the strength in price action. Still, I'll wait for the breakout to buy with a price target at HKEX:62 for a +25% profit. You can see that I was stopped out on MARCH 2022, can you imagine if I hadn't use a stop loss? More than a year with dead money. I good to see other leaders within the industry like NASDAQ:TAYD , NYSE:SXI , NYSE:GHM & NASDAQ:SYM are also trending higher, this gives support to $NYSE:AQUA. This is a market of stocks, not a stock market!
ALong
by dpuleo19
Wire (Encore Wire) is an Industrial with a high and tight flag. I don't normally play high and tight flags in a general bear market, but industrials have been strong since last year, and this company just is kicking butt. Encore wire scores an A) in cash flow, growth, price momentum, and profit health, and a B) in relative value. According to Finbox models, this stock has an upside of 37.3%. And zero debt. Wire and cable. Think electric vehicles, etc. High and tight flags have been backtested as 67% continuation patterns in the general trend (up). The reason they are so successful is that at new highs, there are no sellers above. Not a recommendation, just an idea.
WLong
by UnknownUnicorn13101
XLI is in a strong uptrendI noted a while back the bullish look for industrials, despite bearish sentiment in other sectors. XLI began its current bull trend at an intermediate bottom on 9/26/22, and really started a strong uptrend on 11/14/22. It sits well above the cloud on the weekly. XLI is poised to overtake it's 52 week high at 105.23 in the near future. From there, we can look at a new all-time high above 107.65. I am leery of a new all time high before the summer, since I am a firm believer of sell in may and go away. But I do expect a new all time high by the fourth quarter of 2023.
AMEX:XLILong
by UnknownUnicorn13101
DY | Good Time to Enter | BounceDycom Industries, Inc. provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida.
NYSE:DYLong
by DivergenceSeeker
1
Breakout for a 2,200%-plus return?This is Carclo, an industrial share listed on the London Stock Exchange’s Alternative Investment Market. It looks like it is breaking out from a 68-month decline that, if the past is any guide, could return huge multiples on any investment at this stage. Some of this company’s subsidiaries have been trading almost 100 years, but this century it has been a hugely volatile share. It began with the general market decline after the dotcom bubble at the turn of the millennium. A major slide in price was triggered in June 2000, bringing it down almost 90% from peak to trough across 33 months. It took 26 months for the share to rebound to the 50% Fib (this share loves a Fibonacci level) and, after hitting resistance there, retraced to the .382 Fib where it bobbled along for the best part of a year. By August 2007 it had risen 650% from the bottom. But then came a double top and another major decline, hitting resistance at the 50% Fib in September 2008 and setting eight months’ worth of relative equal highs from there. (A very nice trading range, that.) Price reversed again at the .236 Fib and this was where the fun started. Across the next four years, Carclo rose 1,000%, trough to peak. Since that January 2013 peak, another double top almost 10 years ago to the day, Carclo has been in seemingly terminal decline. There can’t be many bulls left to sell and you get the sense capitulation is around the corner. Although there was a slight recovery in price from November 2014 to June 2017 (31 months), it met resistance at the .236 Fib and rolled over again. The peak-to-trough decline, at the nadir of the Covid lockdowns in 2020, was 99.19%. But this is no junk share. It has had its problems with its pension liabilities and with debt but it has arranged new banking facilities with its lenders that give it good headroom. Net assets are almost £30m against a market cap of <£10m. But the key thing is how *every single time* this share has opened on the monthly above the trendline after a multi-month decline, it has sparked a tremendous rally in price over the medium term. It opened above again yesterday. I’m eyeing as my first TP the 50% Fib on the most recent decline, where there are five months of relative equal highs to mitigate. From there, a return to the .618 Fib on the broader, 67-month downtrend would also draw price to the monthly swing low and ICT fair-value gap from June 2013, which also remains unmitigated. And if you believe in cups and handles and head-and-shoulders patterns, there’s every reason to believe a C&H and inverse H&S could form very soon. Hitting the .618 Fib at 317p would constitute a near 2,200% return for anyone investing today. Better still, given the current zeitgeist of war and ageing populations, Carclo’s specialisms (e.g. heavy-duty cabling for the aviation industry and technical plastics for the medical sector) could create a new era of enormous value for the business. Who’s to say it wouldn’t rocket beyond old support-and-resistance levels to make new ATHs? After all, this share has made big, big moves before. BUT DYOR. GLA.
LSE:CARLong
by Bottle_Rocket
Bearish AB=CD on the SPDR Select Industrial Sector ETFThere is a Logscale AB=CD on the Industrials with Bearish RSI Divergence and the 1.414 PCZ of the Logscale AB=CD aligns with the 1.618 on the Linear Scale. I think it would be fitting to see this go down as i have recently become Bearish on Defesne Stocks such as RTX and HON, and have also become bearish on Airline Stocks such as BA and those stocks all happen to be in the top 10 holdings of this ETF so if they go down this ETF will go down. The standard Target for an ABCD like this is back to the C level which is around $47 in this case but for the time being i will target $80 via buying of the $90 Puts that are several weeks out.
AMEX:XLIShort
by RizeSenpai
Caterpillar Crawls to New HighsIndustrial stocks have outperformed in recent months as investors shift toward cyclicals. Today’s chart focuses on Caterpillar, a potential beneficiary of infrastructure spending in the U.S. and a recovery in China. The first patterns are the pair of highs from the last two years. CAT challenged $237.90 (the peak from April 2022) several times in November before breaking through in December. The stock bounced at the same level early this year, which may suggest old resistance is new support. (See the small white arrows on the chart.) Next is the June 2021 high of $246.69. Prices jumped through that level to a new high on Friday. They retested on Monday and are trying to hold it today. (Additionally, the weekly chart had a bullish outside candle.) You also have a gap higher on October 27 after earnings and revenue beat estimates. Four weeks later, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA. Finally, MACD has turned positive again after a month of declines. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. 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, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
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NYSE:CAT
by TradeStation
6