KEYS potential Buy setupReasons for bullish bias:
- Price bounced from strong horizontal support
- Price gave a small consolidation breakout
- Price forming bullish pennant on weekly
- Bullish divergence
Here are the recommended trading levels:
Entry Level(CMP): 139.53
Stop Loss Level: 131.73
Take Profit Level 1: 147.33
Take Profit Level 2: Open
KEYS
Keysight Technologies Reports Second Quarter 2024 ResultsKeysight Technologies ( NYSE:KEYS ), a California-based electronics equipment maker, has forecasted a third-quarter profit below estimates due to slow demand in the electronics industrial markets. Keysight ( NYSE:KEYS ) expects the third-quarter profit to be between $1.30 and $1.36 per share, below analysts' estimate of $1.45 per share. The company reported a 10% decline in second-quarter revenue in its communications solutions segment, which accounted for 67% of its total revenue in 2023. Revenue in its electronic industrial solutions segment fell 17% in the second quarter, reflecting continued constraints in semiconductor and manufacturing-related customer spending.
Keysight ( NYSE:KEYS ) earned $1.41 per share on an adjusted basis, compared with the LSEG estimate of $1.39 apiece. The company's second quarter financial summary showed revenue of $1.22 billion, compared to $1.39 billion in the second quarter of 2023. GAAP net income was $126 million, or $0.72 per share, compared to $283 million, or $1.58 per share, in the second quarter of 2023. Non-GAAP net income was $247 million, or $1.41 per share, compared to $380 million, or $2.12 per share in the second quarter of 2023. Cash flow from operations was $110 million, compared to $423 million last year, and free cash flow was $74 million, compared to $370 million in the second quarter of 2023.
Technical Outlook
Keysight ( NYSE:KEYS ) stock is down 3.75% in Tuesday's Pre-market trading which is an indication of a trend reversal due to the overbought nature of the stock currently trading with a Relative Strength Index (RSI) of 68.23
KEYS testing overhead resistance Keysight Technologies Inc. (KEYS) presently testing channel resistance, able to absorb weekly buying pressures into Q1.
From here, (KEYS) can gain bearish momentum and fall to recent support, eliciting losses of 20% over the following 2 - 3 months.
Inversely, a weekly settlement above channel resistance would place (KEYS) into a buy signal where gains of 20% - 30% would be expected over the following 2 - 3 months.
SOX Update (daily chart)SOX has been diverging from SPY last couple of days, which is unusual. SOX had 50/200 EMA xover Friday. SOX is extended, could pull back to prior swing high at 2913 (-3.25%) where there is good support. Watch these tech stocks with earnings coming up next 10 days, all daily charts look bullish (except CSCO, which is debatable). All also have positive point & figure price targets (from Stockcharts.com). ADI (2/15), ADSK (2/13), AMAT(2/16), ANET (2/13), CDNS (2/13), CSCO(2/15), KEYS (2/21), NVDA(2/22).
RSI(9) has been trending up since 1/9. As long as daily RSI(9) stays above 50%, trend may continue.
#Keysight - Before outbreak? #Keys #tradingview #breakoutKeysight Technologies said it expects fourth quarter non-GAAP earnings of $1.42 to $1.48 per share on revenue of $1.17 billion to $1.19 billion.
The current consensus earnings estimate is $1.26 per share on revenue of $1.14 billion for the quarter ending October 31, 2020.
Normaly the share price should make an outbreak with more than 10% gain
in the next weeks ahead.
ILLUMINATI OWL PIG GOES TO MOONImagine time traveling to 2019 from 1999.
You get here and there is a digital currency market.
~Sears is Bankrupt.
~United Nations Going Bankrupt.
~Debt is so big Interest Rates can never "NORMALIZE" in current structure.
~Central Banks are doing REPO but are
~SCARED TO CALL IT QE.
~Trump is saying Central Bank has lost their minds.
~Venezuela is adopting the cryptocurrencies.
~Goverrnment is attacking the facebook but GOVERNMENT CREATED FACEBOOK COVERTLY.
~Mainstream media is faking bombings.
~California is Burning.
~Fracking is a LOSING BUSINESS.
~BUT EVERYONE EITHER THINKS its all great...its all chaos...or its all a master plan.
DO YOU TIME TRAVEL BACK TO 1999 OR STAY AND BUY BITCOIN?!!!!
KEYS - buy and holdSector: Industrials
Sub-Sector: Industrial Machinery & Equipment
Keysight Technologies, Inc. is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. 5G test solutions as one example, automated driving another testing solution, IoT and high-speed data centers another. Keysight generated revenues of $3.2B in fiscal year 2017. In April 2017, Keysight acquired Ixia, a leader in network test, visibility, and security. More information is available at keysight.com.
Liked the MACD on this one and rare to see here, as everyone is looking for short or mid-term trades. 12.3B company with 5.8B assets and 1.7B profits on 3.2B in 2017, so 12.3B means sales growth. No dividend.