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Moody's Corporation WCA - Inverted H&S Company: Moody's Corporation Ticker: MCO Exchange: NYSE Sector: Financial Services Introduction: Hello and welcome to our technical analysis! Today we're examining the weekly chart of Moody's Corporation on the NYSE. A fascinating pattern within a pattern is currently unfolding, with an inverted head and shoulders formation potentially serving as a bottom reversal. Inverted Head and Shoulders Pattern: An inverted head and shoulders pattern typically serves as a bullish reversal pattern, signifying the transition from a downtrend to an uptrend. It's characterized by three successive lows with the middle low (the head) being the deepest and the two other lows (the shoulders) being shallower. Analysis: Moody's previous trend was clearly bearish, interrupted by a consolidation phase taking the form of an inverted head and shoulders. This pattern has been developing over 392 days. Although the usual symmetry between the shoulders is absent, the right shoulder sitting higher than the left is typically a positive sign. Intriguingly, the right shoulder itself seems to be forming as a smaller head and shoulders pattern, all occurring above the 200 EMA. The horizontal neckline of this pattern is at $325. A breakout above this level could provide an opportunity for a long position entry. Upon a successful breakout, our projected price target would be at $418.30, translating into a potential price rise of approximately 28.83%. Conclusion: The weekly chart of Moody's Corporation presents an interesting pattern within a pattern, where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders pattern. A confirmed breakout above the neckline could offer a promising long position entry. As always, it's important to conduct your own due diligence and employ appropriate risk management strategies before making any investment decisions. Not financial advice Thank you for joining this analysis. If you found it insightful, please like, share, and follow for more market updates. Happy trading! Best regards, Karim Subhieh
NYSE:MCO
by KarimSubhieh
NZD/USD tumbles despite RBNZ hikeNZD/USD started the day with gains but has reversed directions and is sharply lower in the North American session. The New Zealand dollar is trading at 0.5657, down 1.38%. As expected, the Reserve Bank of New Zealand delivered a 0.50% hike, bringing the benchmark to 3.50%, its highest level since 2015. The RBNZ has now hiked rates at eight consecutive meetings and even discussed a super-size 0.75% increase at today's meeting. The RBNZ has been aggressive with its rate-tightening cycle, and there's likely more to come. The rate statement noted that "core consumer inflation is too high" and the labour market remains tight, a signal that the central bank will continue to tighten until inflation has peaked. This means that the November meeting will likely bring a rate hike of 0.50% or 0.25%, depending on economic data and the inflation picture. Inflation hit 7.3% in Q2, up from 6.9 in Q1. One of the dangers of a steep rate-tightening cycle is choking off economic growth and Moody's rating agency said after today's rate hike that a soft land was "increasingly unlikely". The RBNZ might disagree, pointing to a 1.7% gain in GDP in Q2 and a robust labour market. The economy has proven strong enough to bear sharp rate hikes and Governor Orr is looking for a peak in inflation before easing up on rates. September was a disaster for the New Zealand dollar, which plunged a staggering 8.5% and fell to its lowest level since March 2020. NZD/USD has rebounded 2.0% in October, but the currency faces significant headwinds. The escalating conflict in Ukraine, which has seen President Putin annex 15% of Ukrainian territory, and a hawkish Federal Reserve are likely to continue weighing on the New Zealand dollar in the short term. NZD/USD is testing support at 0.5712. Below, there is weak support at 0.5639, followed by 0.5522 There is resistance at 0.5829 and 0.5902
by OANDA
In a weakened banking sector, Credit Suisse stands outI've just finished reading through Moody's analysis of Friday's Fed stress test of banks. Honestly, a lot of it was over my head. However, from what I can tell, it looks like Credit Suisse may be the best positioned of the big banks to weather this crisis. In the Fed models, CS survived with more Tier 1 capital than any other bank, beating most of them by a wide margin. CS also has little exposure to loan losses. Here's the link to the Moody's report: www.moodys.com CS looks attractively priced at 8.53 forward P/E and 0.6 PEG. Its Starmine Equity Summary Score is 9.9/10, meaning that analysts widely regard the stock as a "buy." I'm generally bearish on banks as we head into the July earnings season, but it looks like this may be a gem in the rough, a quality company that's been unduly punished along with the rest of the sector.
NYSE:CSLong
by ChristopherCarrollSmith
$CHEF can rise in the next daysContextual immersion trading strategy idea. The Chefs' Warehouse distributes specialty food products in the United States and Canada. On 29 May Moody's announces completion of a periodic review of ratings of The Chefs' Warehouse. It causes a rise in the share price. At the and of the day the demand for shares of the company looked higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $15,23; stop-loss — $14,23. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:CHEFLong
by KozakHlib
The rand could be set to take a beatingThe budget speech takes place later on today and the recent events in South Africa has created an impression that lacks confidence from investors. The Eskom debt and maintenance debacle is not going down well with Pravin Gordhan holding his cards close to his chest on plans to get the troubled utility back on its feet and avoid affecting businesses as has happened earlier in 2019. On the political end the DA leader had resigned as did the mayor of Joburg creating more uncertainty in one of the fastest and financially powerful cities in the country. The unemployment rate is at an 11 year high nearing the 30% mark which reinforces the clear picture of a failing governance plunging into poverty. Now with some of the fundamental things out in the open I'll dig into the technicals BECAUSE IT WORKS (Sorry fundamentalists!) The market is currently trading slightly higher after reversing at the previous low around the 14.50xx zone. When I draw a support level here I can see respect to this level when checking back so I am interested to trade off this level - giving the budget speech perfect timing to be a catalyst for the market to move from this level. I have noted that the daily time frame shows a bearish market HOWEVER there is a bullish engulfing bar completed on the same 14.50xx level. A bullish engulfing bar on support on the daily and 4 hourly time frame? Really? See where I am going with this? I'd like to see the market structure promote bullish momentum by means of forming higher lows where a pullback can be used for an entry. My heart says buy but my head works on the technicals so for now I wait and see IF a signal comes forth. Moody's is also to provide their rating on SA and the investment grade seems likely to drop to junk due to all the problems the country and political parties are facing. Well what do ya know.....so many influencing factors. Trading purely on the fundamentals can leave you with a damaged account and a news headline saying "the move was already priced in" - go figure hehe. Let's see what shakes :)
by Cmasterza
4
$GLBS Excellent Overall Day from All time lows Uptrend Confirmed$GLBS Had an excellent technical day today. Breakout back over the cloud and major buying power into the close. With financials dropping in the next few days there could be reason for this most reason push. The night before $TOPS financials dropped there was a major push the next day after Fins were released A/H's the stock saw a cumulative 150% move in two days. $GLBS could be seeing a major technical push in addition to Moody's becoming bullish on the sector moving back up and the BDI becoming positive again all culminates in a possible ROI of 300% with $GLBS's current S/S. $GLBS has always been one of the top stocks in the shipping sector. Sentiment: Bullish
NASDAQ:GLBSLong
by StockGuild