Quick View: $AZN- On the daily Chart the price is testing now the lower side of the channel with a new bullish crossover and positive price action. Looks like there is a great chance for a new entry here
AZNC trade ideas
AZN long ideaGreen lines are targets, will go down a bit but then I think it will go back up
not financial advice
AZN short on DailyAZN looks like a possible short opportunity setting up with a tight stop and high risk reward.
Supply and Demand Trading Made Simple With Astrazeneca StockIn the ever-evolving world of stock trading, where news headlines can shift markets in a heartbeat, savvy investors often turn to the age-old principles of supply and demand to find clarity. Enter AstraZeneca stock (NASDAQ: AZN) — a biopharmaceutical titan that has played a pivotal role in global health. It is a beacon for traders seeking to unlock the secrets hidden within its price movements.
There is a monthly demand level at $66 per share, which took control last November 2024. It's the end of January 2025, and the stock is rallying as expected.
Astrazeneca potentially to $88AstraZeneca’s share price has been hovering around a long-term trend line established since 2017. Historically, each time the price has tested this trend line, it has rebounded sharply, suggesting strong investor confidence.
From 2017 to 2023, the company’s financial performance has been notably robust:
• Revenue doubled from $22B to $45B.
• Pre-tax income tripled from $2.2B to $6.9B.
• Net income doubled from 3B to $6B.
These figures highlight AstraZeneca’s solid operational growth and underscore its healthy longer-term outlook.
AZN bull signal alerted, 35% gain forecastUsing a Fibonacci extension strategy measuring the bottom of a downtrend to the first reversal bull impulse local top as the range, the last four fib extensions to 4.236 targets were met. This time the gain appears to forecast 35% profit
BULLISH ON AZNAstraZeneca's Q3 2024 earnings exceeded expectations, with a revenue increase of 18%, signaling healthy demand for its products, especially in oncology and rare diseases.
Technicals - Key Indicators:
RSI (Relative Strength Index): Currently at 41.08, indicating strong bullish momentum but not yet in overbought territory, suggesting there’s still room for growth
Trendline support: The stock is currently around the trendline support
STOCK ANALYSIS
Support Levels: AZN’s stock is trading close to its key support levels, around $66.26, and has shown resilience above the $60 mark, which historically has been a strong support zone. The stock is likely to maintain upward pressure if it holds above this level
Astrazeneca (Wait for correction to complete)Hello,
To demonstrate how we can leverage TradingView for informed investment decisions, let’s analyze AstraZeneca as our example today. I will follow a structured approach and provide an investment recommendation based on both fundamental and technical insights.
Understanding the Business
Before making any investment decision, it's crucial to grasp the company's business model, revenue sources, and market standing. AstraZeneca is a global biopharmaceutical company known for its innovative research and development in key therapeutic areas, including:
Oncology: AstraZeneca is a leading player in cancer research, with a robust portfolio of treatments for various types of cancer, contributing significantly to its revenue.
Cardiovascular, Renal & Metabolism (CVRM): This segment includes treatments for conditions like diabetes and heart failure, reflecting the company’s diversified focus.
Respiratory & Immunology: AstraZeneca has a strong foothold in respiratory medicines, providing therapies for asthma and COPD, which are critical in global healthcare.
This diversified portfolio not only enhances revenue stability but also positions AstraZeneca well to navigate market fluctuations and emerging healthcare challenges.
Financial Overview
Examining AstraZeneca’s financial health is essential. The company has demonstrated steady revenue growth over recent years, supported by successful product launches and strategic acquisitions. The net income and earnings per share (EPS) have shown resilience, even amid challenging market conditions.
The revenue has consistently grown since 2015, as seen in the historical financial charts. Net income trends and diluted EPS are also key indicators of the company's profitability and should be monitored closely.
Technical Analysis
Technical analysis reveals valuable insights into AstraZeneca's stock price movements. Over the past year, the stock has shown signs of a bullish trend, driven by strong company fundamentals and positive investor sentiment.
Currently, AstraZeneca's stock is experiencing a correction phase, testing its key support levels.
Will be looking for buy at USD 72 with USD 87 as the target.
Best regards & good luck
AZN eyes on $71: Double Fib support that could launch a leg up AZN daily chart shows a significant pullback.
Currently testing a double Fib (Genesis+Covid).
Long entry option with a tight SL just below fibs.
$ 70.95-71.01 is the tight support of interest.
$ 80.48-81.11 would be an optimistic target.
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AstraZeneca - GBP | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
AZN Astrazeneca plc ADRI’ve been closely monitoring AZN, which has been trading on the upside for a while now. Given the recent momentum, it appears to be approaching a point where a downward move could be imminent. I believe the stock might be ready to take a dip, presenting a potential opportunity for a downside play.
AZN AstraZeneca PLC Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AZN AstraZeneca PLC prior to the earnings report this week,
I would consider purchasing the 80usd strike price Calls with
an expiration date of 2024-7-26,
for a premium of approximately $1.23.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AZN changed its trend line, is it permanent? Time will tell.Growth on AZN was different for years. Trend channel seems different on the last year, it would be profitable if it will go back to older channel in case you can buy the dip on new channel.
AZN bouncing off channel linesAZN bouncing off channel lines
Oversold
Target $79, then trailing stop
Quest For 100 Shares for $100Rolling my 4 AZN $80 calls exp. June 7, '24 to later dates. Selling covered calls monthly to accumulate premium. Adjusting strikes based on stock price. Plan to use premium to exercise a deep ITM call and acquire 100 shares. #OptionsTrading #Investing #AZN
Love who there working with, with quantum computing coming into play there is alot of Biotech that are going to start solving world health issues.
Quest for $1 Shares
FTSE's Pharma Surge: A Closer Look at Leading StocksThe FTSE 100’s recent surge has been led by the pharmaceutical sector, marking a 13.7% increase in just the last month. Let’s delve into the standout performers that are leading the rally.
AstraZeneca (AZN): +14.5% YTD
AstraZeneca’s share price jumped higher following the release of a market-beating set of results…
In the first quarter of 2024, AstraZeneca performed exceptionally well, surpassing analysts’ expectations with a 19% growth in revenue.
This impressive growth was primarily driven by increased sales of its cancer drugs. The pharma giant reported a revenue of $12.7 billion, significantly outperforming consensus estimates, which had projected $11.9 billion.
AstraZeneca also reiterated its guidance for the current year, expecting double-digit growth in both sales and earnings.
On the price chart, the shares have now moved into a key area of resistance which represent the April 2023 all-time highs. Momentum traders will be watching closely for a break and close above this resistance as it could trigger AstraZeneca’s next trend leg higher.
AZN Daily Candle Chart
Past performance is not a reliable indicator of future results
GlaxoSmithKline (GSK): +21.1% YTD
Like AstraZeneca, GSK's share price has been buoyed by a strong set of first-quarter results…
GSK’s recent trading statement showed improvements across various metrics, with revenue increasing by 10% to £7.4 billion and underlying operating profit rising by 27% to £2.4 billion, driven by robust growth in Vaccines and Speciality medicines.
GSK's momentum from last year has continued into 2024, driven by strong financial performance and supported by excellence in research & development, which resulted in four major product approvals last year.
Vaccines have emerged as a key growth driver, particularly with products like Shingrix and the recently approved RSV vaccine, Arexvy. The company's focus on HIV treatments and the shift towards long-acting innovation therapies has also contributed to growth in this segment.
On the price chart, GSK is showing strong upwards momentum with the shares breaking above swing resistance at the start of this month. However, the July 2022 cluster of swing highs should provide some resistance in the coming weeks.
GSK Daily Candle Chart
Past performance is not a reliable indicator of future results
Hikma Pharmaceuticals (HIK): +11.3% YTD
Relative to AstraZeneca and GSK, Hikma has been a laggard with prices chopping sideways within a long-term wedge pattern (see chart below).
That said, recent price action saw the shares print a large bullish reversal pattern following a market-beating trading statement…
Hikma reported a 30% increase in profit, reaching $367 million last year, with revenue hitting $2.875 billion, up by 14% from the previous year.
The core business saw operating profit up by 19%, mainly due to better profitability in both branded and generic segments. Generics experienced strong growth, with revenue up by 39% and core operating profit up by 86%. However, the company expects profits to be slightly lower in 2024 compared to last year.
We are starting to see sector laggards like Hikma picking up momentum as the front runners, AZN and GSK move towards resistance. This indicates that the FTSE’s Pharma rally may be entering into the final phases.
HIK Daily Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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Tech analysis works sharp at AZN. (not a big tech analysis fan)I'll keep accumulate under the support line. Whenever I sold AZN at resistance, I missed it and placed it back at the next support. Goes well till now.
Short setupTrying out my first elliot count. Also put a few rising wedges in there. I can't imagine the fundamentals that will bring AZN into such a deep correction though.
AZN AstraZeneca PLC Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AZN AstraZeneca PLC prior to the earnings report this week,
I would consider purchasing the 66usd strike price in the money Puts with
an expiration date of 2023-11-10,
for a premium of approximately $2.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AZN Starting A Long Journey UpDaily Chart of AZN
AZN bounced from an important support level.
Waves 1 and 2 are complete. Wave 2 ended with a long pin bar. This means that the support level is strong.
Volume has also picked up.
AZN to go up to 75.
Short AgainWe are seeing an upward correction and have reached the MA and the top from 2 days ago again.
The momentum is declining. That's clear - it is a correction.
But as we are in a downtrend since August the preferred direction remains downward.
Resisting HereWe are currently trading within a broader range. However, now we are approaching the important MA which is also the 50% retracement of the decline since August. As the window which had been opened on Monday has been closed now as well I can assume that the test of the high built on September 15th will fail. As this high was the 3rd lower high in a row since end of July this will confirm the downtrend prevailing since.
AZN - BEARISH SCENARIOAstraZeneca's stock experienced a significant decline of over 4% on Monday due to uncertainties surrounding the future of CEO Pascal Soriot, as reported in the news. Initially, the company refrained from commenting on the report but later clarified that they do not engage in discussions regarding market rumors. Their shares, listed as NASDAQ: AZN, closed down 3.2%, marking the lowest point since July 19. Market analysts and a shareholder attributed this decline to the report, which indicated the possibility of Soriot leaving as soon as next year. Additionally, another article published on the same day discussed the retirement of Mene Pangalos, the long-time head of biopharmaceuticals research at AstraZeneca, although it appeared to present a contradictory view, quoting Pangalos as stating that Soriot had many productive years ahead of him.
This supports potential competition of head and shoulder formation to the mid-50s range.
