$PPG with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:PPG after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 78.57%.
0KEI trade ideas
PPG Industries Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PPG Industries prior to the earnings report this week,
I would consider purchasing the 130usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $8.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Outbreak RetracedIn the past week we have broken out of the trading range we had been in since April. Today we have corrected the spike up of the past week and reached the top level of May to June again.
The begin of a bigger correction of the decline of the first half of 2022 seems possible from here.
PPG Industries WCA - Rectangle Reversal PatternCompany: PPG Industries
Ticker: PPG
Exchange: NYSE
Sector: Materials
Introduction:
Hello and thank you for taking the time to read my post. Today, we analyze PPG Industries' chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." PPG Industries is a global supplier of paints, coatings, and specialty materials, traded on the NYSE under the ticker PPG.
Classic Rectangle Pattern:
The classic rectangle pattern is a chart pattern formed when the price of an asset moves between two parallel horizontal lines, representing support and resistance levels, over a period of time. It reflects a consolidation phase where the market is undecided about the direction of the trend and can serve as a reversal or continuation pattern depending on the context.
Analysis:
PPG Industries offers an excellent example of a rectangle pattern serving as a reversal pattern. The overall trend has been bearish since 07/06/2021, with the rectangle emerging as a consolidation pattern during this period. This 399-day-old pattern demonstrates clear touchpoints on both the lower and upper boundaries, which are situated at 107 and 138, respectively. Recently, the price broke out of the rectangle and is now retesting the multi-month resistance-turned-support, suggesting a potential trend reversal. All of that happens above the 200 EMA.
Price Targets and Resistance Levels:
The price target for this pattern is set at 168.55, which translates to a 22.13% increase from the current level. On the way to the target, we may encounter resistance at a supply zone near 168, which should be monitored closely.
Conclusion:
The PPG Industries weekly chart showcases a textbook example of the rectangle reversal pattern, indicating a potential trend change from bearish to bullish. As the price has broken out of the rectangle and is currently retesting the former resistance as support, traders should keep a close eye on the development of this pattern. Remember to consider risk management and proper position sizing when trading based on chart patterns.
Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
PPG - Correction Done. 5th wave down coming up.Today completed the sideways/triangle correction PPG has been going thru for several months. We will see a 5th wave down now. Roughly 20-40% lower. PUT PUT PUT ON YOUR PUTS.
$PPG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PPG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 72.73%.
To watchlistA nice base, a clear level.
Wait until the 3 moving averages unfold north, MA20 (green) > MA50 (red) > MA200 (blue).
First pullback to ma20 after or close to a breakout (with a flag) should be a nice entry.
Trade safe.
$PPG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $PPG after a Negative Under reaction following its earnings release placing the stock in drift D.
$PPG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PPG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
PPG at 50% Retracement SupportToday a member on my social media called out a major stock NYSE:PPG at a Weekly 50% Retracement Level. MANY stocks right now are pulling back to the 50% Retracement from the COVID low to the recent ATH. I suggest everyone out there do their homework this quarter of 2022 to FIND OPPORTUNITY!
$PPG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PPG after a Positive over reaction following its earnings release placing the stock in drift B
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V bottom Not to Break out Yet ABC BullishFilling gap from gap up after earnings beat. Beware of R at gaps overhead. Gaps below can serve as support
Long term uptrend before the flu panic
There is also an ABC pattern. A is 81.1 B is 116.8 C is 98.8 Broke out at 115.8. Add AB leg to breakout for 100% target, allowing for R, gaps, prior R along the way
Has dipped out of prior rising wedge on a pull back. Not far though so do beware
Not a recommendation
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. It also provides coatings and finishes for the protection of metals and structures, such as metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars; and paints, wood stains, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures. The company's Industrial Coatings segment provides coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for automotive original equipment manufacturers; appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for the protection, performance, and decoration of metal cans, closures, plastic tubes, industrial packaging, and promotional and specialty packaging. In addition, this segment offers amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and other loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, and optical lenses and color-change products, as well as photochromic dyes. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania.
BUY to PPG INDUSTRIESHey traders, PPG INDUSTRIES is in a downward push, refusal of the sellers on a purchase volume. PPG INDUSTRIES is at the top of its consolidation zone, it is heading towards the trend line to go to the zone to turn around and climb it is possible that we will breakout the new consolidation zone to go and fill the gap looking for the highest .
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PPG industries (PPG - NYSE) sell for C wave downPPG industries (PPG - NYSE) looks like forming ABC simple zigzag. It seems like wave C down is already started. Sell with stops above 98.80 level for target below 70.
PPG Industries Inc (PPG - US) ABC wave patternPPG Industries Inc (PPG - US) is moving down in ABC down wave pattern. B wave is complex wave, which is over & C wave has started for target below A wave low.
Low annual EPS could create optimal buying opportunityPPG Industries has a history of stable EPS growth (with some outliers such as the EPS during the FC in 2008); the Corona lockdown and the stop of production is very likely to affect the EPS of the company in 2020 and maybe its the consecutive year’s growth. Looking at the reduction of EPS during the Finanacial Crisis, two year’s (2008 and 2009) EPS were falling significantly by 35% and 37% respectively. Adopting the relatively pessimistic perspective that the companies current EPS are subject to the same decreases as they were in 2008, annual EPS would be expected to be 3.40 in 2020 and 2.14 in 2021. Therefore, given historical evidence that the company’s share price is not significantly affected by short-term reduction of earnings, a favourable entry price for this business is $3,4*20 = $68, and take profit price when future estimated EPS of $5.24 are plausible ($5.24*20=$104.8).
Investment Idea
Option 1 , Option 2
Entry price: $74 , $68
Take profit or hold: $96.2 , $104.8
Max expected holding period: 18 months , 24 months
Profit: 30% , 55%
I`ll buy the stock as soon as it crosses $68. Good luck!
Stock PPG SeasonalityStock PPG seasonality starts to Buy date on February 19 and ends Sell date on May 1
Percent Profitable is 78.95% in 19 years and an average return of 7.45% per year
PPG Long on Triangle breakoutBreakout from the 119.21 resistance level is getting more aggressive.
- Higher lows and shorter time frame to hit resistance.
- FI going above 0
- MACD Histogram ticking back to positive
Will have to observe the next few days candle and volume and enter the trade only if the breakout success probability is high.
