Swing LongI'm deploying a multi-timeframe approach here, focusing on a swing trade setup that aligns with both trend and momentum indicators. Here's the core of the strategy:
Entry Criteria: I look to enter on a break above a recent higher high combined with a flat to rising 5-day moving average. Additionally, I’m observing the anchored VWAP from the most recent high (to the left on the chart); it should ideally be flat or rising to confirm sustained interest.
Volume and Price Requirements: Only trading stocks with at least 300,000 shares in daily volume and a price above $3, ensuring liquidity and relevance for momentum.
Trend Confirmation: On the daily timeframe, the stock must be making higher highs and fall within an early Stage 2 uptrend based on Stage Analysis, indicating the start of an uptrend.
Stop Loss: My stop is set just below a recent significant low (higher low) on the 30-minute chart to keep risk in check. If this low is penetrated before entry, I cancel the trade to avoid premature breakdowns.
TPIC trade ideas
Swing longI'm deploying a multi-timeframe approach here, focusing on a swing trade setup that aligns with both trend and momentum indicators. Here's the core of the strategy:
Entry Criteria: I look to enter on a break above a recent higher high combined with a flat to rising 5-day moving average. Additionally, I’m observing the anchored VWAP from the most recent high (to the left on the chart); it should ideally be flat or rising to confirm sustained interest.
Volume and Price Requirements: Only trading stocks with at least 300,000 shares in daily volume and a price above $3, ensuring liquidity and relevance for momentum.
Trend Confirmation: On the daily timeframe, the stock must be making higher highs and fall within an early Stage 2 uptrend based on Stage Analysis, indicating the start of an uptrend.
Stop Loss: My stop is set just below a recent significant low (higher low) on the 30-minute chart to keep risk in check. If this low is penetrated before entry, I cancel the trade to avoid premature breakdowns.
TpicWatchig tpic. I did enter a trade down at the base of the breakout of the fallin wedge around 12. I am watching this to see if a head and shoulders plays out to the down side Howver 14$ would make a right shoulders if we break the previous high this can turn around quite quickly. Def watching this as a bottom setting up. I have seen these head and shoulders setup at a bottom that reverse trend to the upside but confirms 14 as support is a great trade
LongThe stock rebounded from its low of 10.30 and went up. A bullish divergence was formed on the indicator. The first target to the highs of 12
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TPIC: Breakout Confirmed, 45.45% Potential Profit!Description: TPIC is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $51.7 - $56.8
2. Take profit: $76.61
3. Stop Loss: $47.63
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 94%
$TPIC is on BUY point?!The share price of $TPIC has dropped by more than 20% after it reported its Earnings report.
Fundamental analysis:
Tpi Composites (TPIC) reported 4th Quarter December 2020 earnings of $0.27 per share on revenue of $465.6 million. The consensus earnings estimate was $0.27 per share on revenue of $451.1 million. Revenue grew 10.3% on a year-over-year basis.
Technical analysis:
As you can see on the graph $50 area acted as resistance on 21 Dec 2020, After it broke up $50, $50 became as Support. Price tested the support end of Dec 2 times and got rejected.
However; on 26 Feb 2021 it broke down $50 support.
Overall analysis:
Wait till the price breaks up $50 and then we can consider Buying.
If we want to be sure then wait until it tests $50 as support then we can consider Buying.
Company profile:
TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the transportation industry; and field service inspection and repair services to OEM customers and wind farm owners and operators.
$TPICEntry price : 60.75
Fundamentals :
- Sector: Energy
- EPS % Chg (Last Qtr): 1015%
- EPS % Chg (Previous Qtr): -3840%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 24%
- Sales % Chg (Previous Qtr): 13%
- 3-Year Sales Growth Rate: 23%
- Annual Pre -Tax Margin: 0.5%
TPIC:NASDAQ - TPI COMPOSITES - Wind-blade ManufacturerI thought TPIC was an interesting one. They are one of the leading wind-blade manufacturers and accounted for approximately 18% of all sold onshore wind blades globally in 2019 with over $1.4 billion in net sales and more than 9,500 wind blades sold. These turbine blades can last up to 20 years, but many are taken down after just 10 so they can be replaced with bigger and more powerful designs. With solar and wind energy increasingly popular this could be a company to watch.
TPI Decarbonizing Electric and Electrifying VehiclesIn the anticipation of the change-over in the US administration that would support new cleaner energy, any stock related to clean energy has been getting a boost. You've no doubt heard enough about Tesla (TSLA) and the multitude of electric vehicle companies being traded. Solar has also gotten a tremendous amount of attention. But there is more to clean energy than these two categories. Clean electric energy is made up of Wind, Solar, Storage and Transmission companies.
TPI Composites (TPIC) has been positioning itself for two key trends. First it has established itself as a specialist in producing light-weight composite materials used to create wind blades for wind turbine OEMs. Second, its diversifying its business by using the same methods to product lightweight, but very strong, body materials for electric buses, trucks and cars.
Lightweight materials is crucial to bring down the Levelized Cost of Energy for wind turbines. This why OEMs of turbines look to companies like TPI to produce lightweight wind blades. It's also important to have lightweight materials for electric vehicles to reduce weight, improve efficiency and while also providing more room for additional batteries. All of that extends the range and reduces the cost of the vehicles.
TPI has a proprietary method for combining a vacuum-assisted resign transfer process with fiber reinforcements and core materials to produce structurally strong by very light weight bodies. Those bodies could be the wind blade, or the body of an electric vehicle. Their manufacturing process is modular in that they can quickly change manufacturing lines to accommodate new specifications for OEM turbines.
That results in them getting long-term commitments from OEMs because they can respond to product changes as necessary and not be locked into the original contracted design. The long-term commitments allows to TPIC to efficiently plan capacity and add new manufacturing lines only when necessary.
The COVID pandemic did impact the industry as well as TPI in the first half of 2020. However in Q3, TPI noted that the pandemic no longer had an impact and you can see it in their quarterly results. What you are seeing actually is a quarter where capacity is utilized fully without the costs of new expansion
TPI Composites
Only Independent Blade Manufacturer with a Global Footprint
13 manufacturing facilities with ~6 million square feet in five countries
Growth primarily funded through cash flow from operations
(in 2020, TPI did raise capital thru new debt due to pandemic impact, but in the future they intend to return to funding via cash flow)
Continuing to innovate to anticipate industry changes
25% - 30% Return on Invested Capital
Good culture: 100% of glassdoor reviewers approve of CEO
Wind Energy
Wind energy generation will frow from 5% of global power generation in 2018 to 26% in 2050.
TPI is targeting 20% of the global wind blade market
Key markets include US, Mexico, China, India and Europe
Major OEM customers include Vestas, SGRE, GE Wind, ENERCON and Nordex Group.
Electric Vehicles
Municipal e-bus sales estimated to grow at 29% CAGR
TPI invested $50m in 2019/2020 to diversify to EV
Partnering with Workhorse, Proterra, Navistar and GM
Fundamentals
Last three quarters Revenues YoY growth: +19%, +13%, +24%
Last three quarters EPS: -0.01, -1.42, +1.13
Historically strong free cash flow, TPIC reinvests to fund growth
Minimum of volume commitments of $2.9b and incentives for customers to spend $2.2b more, for total aggregate of $5.1b thru 2024.
Technicals
Up 591% since March lows (246% YTD)
Up 100% since US election in November
~17% gap to 21d EMA, ~31% gap to 50d MA
Potential moving sideways to build new base
Buy Point
The stock is too extended now to offer a buy point. The 10d ATR (x2.7) suggests a 17.07% stop loss which is a little high for me. I would wait for this to pull back or move sideways to form a new base, but it may have too much wind in the blades to do stop. :)