I'm buying thisI missed the dip but still time to buy this. If it pulls back I'll buy more. It's testing the demand zone after break out. Was consolidating since 10/2023. Is not done going up.
SP8 trade ideas
$SHYF / Long through a Low Cheat
Does this stock meet my 8 point scan criteria? Yes
Structural Checklist
1. Can one my proven price patterns be identified? Yes, a Low Cheat
2. Is the 50D SMA trending up? Yes
3. Has price moved >20% since its last consolidation? Yes
4. Is the weekly RS above its Zero Line? Yes
5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes
6. Is the price consolidation longer > 20 days? Yes
7. Has price volatility contracted from left to right? Yes
8. Has volume volatility contracted from left to right? Yes
9. Are there visible signs of demand within the base? Yes
10. Are there visible signs supply has been absorbed? Yes
Pivot Buy Point (Last 3 Bars)
1. Is there a visible Tight Zone? Yes
2. Have there been 3 Tight Closes?No
3. Has there been a 3 bar constructive correction? Yes
4. Is there a Bullish Inside Bar? No
AND
1. Has volume dropped dramatically? Yes
2. Can risk be managed under 8% in one of 3 ways? Yes
Other Notes
1. None
Scan Score (Minimum 8/8)
All Trading Dirty stocks have a Scan Score of 8
Structural Score (Minimum 7/10) 10
Entry Score (Minimum 1/4 then 2/2) 4
$SHYF Potential Pullback Setup$SHYF looking like a potential 1st natural reaction post a big 9 month rectangle base.
Finding support right at the 21 EMA and building nice pivot to anchor risk around.
Nice volume out, low volume in.
Looks strong here
The Shyft Group's Utilimaster Secures $53 Million Add-On Truck BSHYF: The Shyft Group, Inc.
2021-10-26 07:30:00
The Shyft Group's Utilimaster Secures $53 Million Add-On Truck Body Contract From United States Postal Service
SHYF, MACD Histogram just turned positiveThis is a Bullish indicator signaling SHYF's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 46 similar cases where SHYF's MACD histogram became positive, and 37 of them led to successful outcomes. Odds of Success: 80%. Current price $21.89 is above $20.26 the highest resistance line found by Tickeron A.I. Throughout the month of 10/06/20 - 11/05/20, the price experienced a +3% Uptrend. During the week of 10/29/20 - 11/05/20, the stock enjoyed a +11% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 05, 2020. You may want to consider a long position or call options on SHYF as a result. Tickeron A.I. detected that in 78 of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.
The Moving Average Convergence Divergence (MACD) for SHYF just turned positive on November 05, 2020. Looking at past instances where SHYF's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 37 of 46 cases over the following month. The odds of a continued upward trend are 80%.
The 10-day Moving Average for SHYF crossed bullishly above the 50-day moving average on October 07, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 11 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 73%.
Following a +8.07% 3-day Advance, the price is estimated to grow further. Considering data from situations where SHYF advanced for three days, in 212 of 259 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
It must be the right time to short the ShyftShow Me the Money! 13 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Amazon.com is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service and FedEx. The world’s largest online retailer ordered more than 2,200 heavy-duty Utilimaster “walk-in” delivery trucks from Shyft Group, a Michigan-based specialty vehicle company.
Its shares on Friday skyrocketed 20% on the news, but Shyft’s P/E ratio is still about 15 versus GM’s 7.5, and its price-to-free-cash-flow is ten times higher than that of its peers. So it must be the right time to short the Shyft.
