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PI INDUSTRIES ANALYSIS!!RSI INDICATOR: is something which says the actually part of the price should be placed. cups and handles is a very bullish price pattern formation. and top of that, if rsi indicator is forming such pattern, then to speak on to it, the stock is a very great stock. i have check the fundamentals. the rations, sales analysis are very greatly performing. the two black line are the trend formation after the corona 2019 crash. and blue line is the old trend. the stock did gave its all time high recently. its possible to go more higher, since there is no drawback, or major risks associated to this stock. recent quarters too outperformed from the analyst projected estimates. great stock for swing trading and long term .
NSE:PIINDLong
by raghavchoudhary2016
Trouble Ahead For DeereTechnicals: This is not at all a perfect short setup solely off of the technicals. With that in mind, some clear signs of weakness can be seen in DE's weekly chart. One such sign was the new lower low formed at around 285 in July, which broke DE from its previous trading range of around 310-400 a share. Deere's recent bull rally since July's new low I find to be relatively weak due to lower volume. MACD (momentum) on the weekly has sustained a bullish cross. Monthly MACD is still positive yet a bearish cross has occurred. While the MACD on the daily timeframe is signaling a relatively strong uptick in momentum on the shorter timeframe. Despite the bullish momentum on the daily, the longer-term momentum indicators are signaling that there will be a sustained period of underperformance ahead for DE. Fundamentals: Earnings for DE are on the 18th. P/B ratio of roughly 6. P/S of around 2.5. Debt to assets of 2.6. These all appear to me a bit weak. That being said, Deere's profit margins have expanded quite nicely over the last couple of years. I am not very excited about their margin growth, as I see global inflationary pressures providing headwinds for Deere's intermediate-term profitability. Overall, DE is an overvalued stock with little potential for further upside gains in my opinion (especially with the global macro picture steadily deteriorating). Prediction: I do believe the short-term momentum will carry DE up to the 378.32 resistance, likely before earnings are announced on the 18th. Earnings will be a major risk event for DE traders. Should earnings come in higher than expected DE could easily rally above 378.32 and into 398.36 territory, possibly even higher (just look at WMT and HD's price action after their beats earlier today). If Deere comes out with disappointing earnings and/or worrisome guidance we should see a sharp sell-off, ultimately causing a move that allows for a retest of support zones in the 316.71 to 277.09. Earnings risk is something I generally avoid when trading, but the risk to reward for adding a DE short position at the moment almost looks too attractive to pass up. With earnings coming in so soon, it is hard to give a decisive prediction. That said, I will fall back on my underlying thesis, that Deere is overvalued and is facing technical and economic headwinds. I expect to see serious volatility in DE trading over the coming weeks, which eventually will lead DE back down to the 285 low, possibly even grinding into new lows testing support of 236.59. As always this is not financial advice. Good luck!
NYSE:DEShort
by Gooby_Trades
5
BASF SE (BAS.de) bullish scenario:The technical figure Triangle can be found in the German company BASF SE (BAS.de) at daily chart. BASF SE is a German multinational chemical company and the largest chemical producer in the world. The Triangle has broken through the resistance line on 27/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 8 days towards 53.32 EUR. Your stop loss order according to experts should be placed at 48.62 EUR if you decide to enter this position. German chemical group BASF (BAS.DE) warned it could be hit by the fallout from Russia's invasion of Ukraine and counter measures in China to curb rising coronavirus infections. However, the world's biggest petrochemical firm's margins jumped as it benefitted from passing soaring raw material costs to industrial customers. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
XETR:BASLong
by legacyFXofficial
YM - Daily / Weakening StructureLower Price Objective Front Run on Friday's Close. Pinned to Expiry. Lower 35100 Price Objective in Trade. ______________________________________________ DOW leading is never a good sign. It is now in a 13/13 Count with a great many Gaps below all the way down to 28.212. 34,200 33,700 33,100 31,013 The Larger Weekly TF POs. ______________________________________________ Traders find this difficult to Fathom. It will depend on ob the Larger Count Structure we indicated a few weeks back with respect to 4/4 complete or 3/3 Completing. ______________________________________________
CBOT_MINI:YM1!
by HK_L61
3
CMC - Infrastructure Bill Fueled Breakout - Industrial SteelNYSE:CMC - this company is in the correct sector to directly benefit from the infrastructure bill. It is forming a Cup basing formation. If the market reacts positively to the news of the Infrastructure Bill getting signed, the vertically integrated steel producer stands to benefit from all of the national construction products that will ensue, especially if the administration keeps its promises about using domestic materials and labor. Basing Formation: Cup - depth ~22% - duration ~ 14 weeks Pivot Point: $36 Target: $40 Stop Loss: $32.5
NYSE:CMCLong
by MakeMoneyCoESTB2020
PRN - Bullish Setup, wait for break PRN bullish on charts on multi time frame. Points to consider 1. Price above 20 D SMA 2. Price above 20 Week SMA 3. Price above 5 Month MA 4. RSI Bullish on Monthly and Weekly MA 5. RSI looking for support on the Daily TF to reverse up. 6. Nice consolidation on Monthly charts 7. Price trading in a nice range for the last 8 months and setting up bullish structure with Monthly RSI not overbought Price near All time highs and crucial RSI zones on daily charts, bullish structure. Look to buy dips in the daily channel for a swing with good RR and look for channel break
NASDAQ:PRNLong
by LoveForCharts
Follow-up on UAL reversal: triple bottom confirmed todayBearish price action of UAL has been on my radar for a hot minute. Long-term support held in mid-July, followed by a break from the channel. RSI divergence suggested a possible reversal, leading to a second bounce at the long-term support. We now have the third bottom at this ascending support, a bullish signature. We can now see the enclosing triangle and extract a price target of $51-$52. It is crucial that the $44 support remains uncompromised in the coming days to validate the pattern.
NASDAQ:UALLong
by oerboom
Shipping - GNKModel has given entry signals for Genco Shipping & Trading Limited: - "Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of February 24, 2021, the company fleet consisted of 17 Capesize, 9 Ultramax, and 15 Supramax with an aggregate capacity of approximately 4,421,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York." - Yahoo - We expect a boom in the shipping and freight sector with the pandemic backlog, and nations increasing their industrial production to meet new initiatives. - We are very excited about opportunities in the commodities and shipping sectors, as we believe a macro turn is approaching in the nearest future. - Technically has broken out of a channel, it may retest the median line, which will provide an entry, and is possibly finding a new channel top. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
NYSE:GNKLong
by UnknownUnicorn1043646
AMAT running out of steamNASDAQ:AMAT has been seriously testing its dynamic support through last weeks earnings report, but has not yet posted a full daily candle beneath. Still, that support has been functionally invalidated by 4 successive candles poking through. In my opinion, a new technical structure is therefore forming. How price action respects the MA200 and/or key supports in the 115-120 range will help define the new channel and pattern. The largest potential drop (excluding external catalysts) could be to the 118 level, i.e. at the confluence of the MA200 and 19MAY low. Longer term, NASDAQ:AMAT will continue to post blowout earnings, which should lead to new ATH in late 2021/early 2022. In the meantime, we may see it continuing to trade on the lower side of FMV with a weak upward trend.
NASDAQ:AMATLong
by oerboom
Turning point for UAL?Price action ending 19AUG presents an interesting scenario for NASDAQ:UAL . First, there is clear price divergence with RSI, a bullish indication. Today's candle suggests a (crucial) third touch on a dynamic support level in the 43.00 range, suggestive of a possible upward bounce. Finally, today's candle also presents a double bottom against this rising support level, again a bullish indication. My positions in NASDAQ:UAL have been hammered in recent months, but I'm guessing that eventually the momentum will change direction. Today's candle simply presents one scenario for that change.
NASDAQ:UALLong
by oerboom
Is Ingersoll Rand Breaking Out?Attention has focused on growth stocks for the last two months. Now could be the time to return to industrial names like Ingersoll Rand. The manufacturing conglomerate has gone nowhere for over five months. However it made a series of higher lows since mid-June while holding below $49.50. The result is a bullish ascending triangle, which now appears to be breaking. That zone has additional importance because it’s also the location of the 50-day simple moving average (SMA). Bollinger Bandwidth has been toward the narrower end of its range as well. The news flow could be positive for IR because earnings, revenue and guidance beat estimates last week. Congress is also near passing an infrastructure bill, which would mostly favor industrials. Speaking of industrials, a strange thing has been happening inside the sector: Some of the biggest names like United Parcel Service and Boeing have struggled for their own reasons. But many of the smaller names that track general economic activity – like Carrier, Otis and TE Connectivity – are jumping. IR fits more under that second group. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:IRLong
by TradeStation
US30 Hourly Pulls Back to SupportThe US30, FXCM’s DJI CFD, is in the bullish area on the daily chart on the left. We note that the hourly has pulled back to support (green shaded area). If price bounces from here, a bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level, and maintenance of that level, increases the chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques. Please note if holding overnight, rollover charges may apply .
ULong
by FXCM
1