GNW - long-term care for investors as well?Not the most popular stock around, and maybe a case for longer term, I have made good profits from NYSE:GNW in the past. I noticed the stock has been in consolidation mode for quite some time now, pretty much since end of last year. It is yet again approaching the upper band of the horizontal channel, which price has touched 3 times this year and been close several other times. The upper band is also the year high of 2024 (and the highest in nearly 10 years), at $6.94. This is clearly a strong resistance, and the interest is whether price will break this resistance or bounce back down. If it breaks, there is no real resistance before around $8.00. And this is from back in 2015! So, this is one to watch, should it break through with a strong move we could see price going to $8.00 and maybe even further as the resistance at this level is 9 years ago. Should it bounce, there is a short opportunity witha target around the lower band of the channel. I chose to be bullish, as price has touched the 2024 high twice in the last 3-4 weeks, last previous touch was in December last year, so this could show some momentum. My target is old resistane around $8.00 but keeping an eye on how strong the potential move has been. EMAs in the chart are 50 and 100 periods.
GNW trade ideas
Up then back down but longterm potential?Is this stock underalued or being propped up by nothing... idk, webull gives out so many free gnw shares and they just said they were gonna do a 360 million stock reybuyback MAYBE so I doubt it will happen. Just dont make sense if your in debt and alll However this is my short term forecast. Rough draft. New posting here on trading view
GNW - THE MOST UNDERVALUED COMPANY IN THE MARKET? MIND BOGGLING All,
Lets get down to the financials on this one. Outside the fact this is absolutely going to break here with this bullish ascending tri. I mean take a look at P/B at 0.14... Price to Free Cash Flow ... 2?!?! I mean forward P/E is 4.98?
THEY HAVE 1BILL REV AND NET MARGINS LOL @$4. SOME COMAPNIES WITH WORSE FINANCIALS THEN THIS TRADE AT $15-$55 ON HIGH END.
Summaries
-EPS has not only grown over 5 years but even gotten better exponentially now.
-Price to free cash flow is essentially what Buffett looks for I mean holy hell not to mention P/B puts this as 1/10th undervalued (even though PB is an older valuation usage still)
Highlights
-P/S 0.25
-P/B 0.14
-P/FCF 2.06
-EPS past 5Y 40.10%
-EPS Q/Q 651.30%
These financials are real.. and disturbing this somehow is trading at $4
Negatives (about one)
-Float 500M (hard to move but does have options)
Positives
Market Cap 2.13B
Income 1.02B
Sales 8.36B
Book/sh 29.91
Cash/sh 4.47
P/E 2.19
Forward P/E 4.98
PEG 0.44
P/S 0.25
P/B 0.14
P/C 0.96
P/FCF 2.06
EPS
EPS next 5Y 5.00%
EPS past 5Y 40.10%
Sales past 5Y 0.20%
Sales Q/Q 1.90%
EPS Q/Q 651.30%
GNW Beautiful Triangle!Hello Community!
When looking at GNW we can see it clearly trading in a triangle on the weekly TF. We need to pay close attention to this pattern and watch to see how it reacts to the trendlines shown. Overall, this is usually a bearish setup but anything can happen in the trading world. Based on the technical indicators, it's looking bearish for the next week or two. The MACD is beginning to tick towards the red and the RSI is forming a lower high. I can see a retest of the lower trendline in the near future, which would be a great place to start a long with a tight stop-loss. If entering a trade don't forget to use a stop-loss. Don't trade with what you're not willing to lose.
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This is not financial advice.
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GNW Rejection!Hello Community!
Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more!
This is a quick analysis. GNW keeps getting rejected on the daily timeframe, the RSI is overbought & THE MACD is heading towards the red. Until it breaks that diagonal resistance line drawn it will remain bearish (Short term).
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Potential for over +700% return ?! $GNW (Genworth Financial) is a stock that I purchased recently at $3.51 per share
Company has formed a flat base in the stock price in recent years but i feel its massively undervalued
The book value per share is up at $30 and we have the following data:
Free cash flow = 1.96 billion
Total cash = 3.31 billion
Total debt = 3.64 billion
So debts are perfectly manageable with the cash they have and the nice positive cash flow coming in on top of that. the net asset value of the business is nearly 10x higher so this company looks massively undervalued to me. If we are able to reach the $30 per share target that would be a return of over 700%
GNW will do a head and shoulders breakout into ABC correctionRight now, we are in a pennant consolidation, and I expect the stock to break out with good stimulus news. This will occur in a standard 12345 elliott impulse wave, and then we will have a huge ABC correction because GNW's real fair value is around $0.69. Thus, we have our ABC correction, in which the C wave subdivides into an elliott 5 move impulse wave.
GNW Breakout Stock AlertBREAKOUT STOCK ALERT
$GNW - Genworth Financial Inc Common Stock
Initial Alert Price: $3.45
Potential Price: $4.84
Potential Gains: 40.29
Stop Loss Limit: $
Looking GNW to retest the $4.76 Levels of Resistance after the company did not complete the steps required to meet the set end date for a merger with Oceanwide, although the two companies currently remain committed to still completing the merger. If the two companies are able to complete the final steps for the merger, we could actually see the stock bounce to the upside due to a total Market Cap of around $15-$16B. If the stock is able to retest those $4.84 Price Levels, we could see a 40% Gain on the trade and the next levels of Resistance would be $9.19 if the stock can find strong support above the $5.27. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
GNW - Cup and Handle - Part 2Continuation of swing idea:
Once this clears the 5.25 resistance I expect a minimum price target of 7.60 but 8.62 would be the 1.618 fib extension from the cup low.
These targets line up with previous accepted trading range from 11/2014-07/2015
Gaps to fill above at 6.92 and longer term 11.95
GNW - Finishing Cup - Handle ComingLong, but not until Early Jan 2021 - Read Notes
Swing Trade Idea
I-H/S
Expected Cup and Handle. Finishing Cup now on wave (3).
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Expected rejection from 4.81 to begin formation of handle. (Could short for wave 4 if you wish)
Anticipated L entry early Jan 2021
Only then, look at a long from 4.10 - 3.82 which should be the beginning of wave (5).
5.10 - R/R = 2
5.60 - R/R = 3
SL 3.60
This may spend some time in the 3.80 - 4.80 area while it builds out the handle.
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*** Once this clears 5.25 - look out! Low float.
*** This one has been in accumulation for several years between 3.00 - 5.00
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Look at GNW part 2 for longer term swing idea
GNW tested resistance zone, but couldn't break throughGNW tested the resistance zone between $3.67-$3.74, but it couldn't break through. I am therefore going to place a short trade, while my SL is at $3.75 and my first TP is at $3.00.
If GNW breaks through the minor support level at $3.00, next level to reach for would be $2.49 and then $1.98.