Swing Long for RugerWith the Republicans now holding the majority of power in the American government, it seems like a good time to invest firearms manufacturers.
RGR trade ideas
guns and oil, Merca With the Trump administration coming back for the next 4 years, a conviction of mine that is on my radar is firearms manufacturing companies. With the tax breaks and incentives for made in USA products supposed to increase with the new administration, these established American brands I believe hold a strong place in the MAGA economic movement.
Seeing even tech companies like meta even adapted their founder to embrace the new administration to see such upside, it is an easy sell to most firearms manufacturing companies. Names like RGR and SWBI have been hammered in their valuations. Won't be surprised if we see a merger. Market cap of RGR: $600 Million SWBI: $450 Million
RGR 10/14/2023RGR
Daily chart analysis
RGR experienced an uptrend between March and August 2020. The uptrend was broken in August, leading to a sideways market / distribution stage that persisted for the next two years until August 2022. Following this, the price broke down from the sideways market, entering a downtrend with a sharp move down and finding a bottom at the end of September 2022.
A pullback occurred after the breakdown, lasting throughout Q4 2022. The price pulled back to the previous support area, attempting to turn it into resistance and continue the downtrend. Since the pullback, the price has been consolidating in the form of a descending triangle throughout 2023.
Currently, the price sits at the resistance area of the descending triangle. Concurrently, there's an 'overbought' signal on the stochastic indicator, and the price is under the 200ema.
RGR is presently in a bearish pattern (descending triangle), at a resistance level with an 'overbought' signal, and the previous trend was/is downward (price under the 200ema). These factors collectively suggest a high probability for a short trade.
Entering trade short
Entry: 54.34
Stoploss: 57.27, -5.39%
Target: 40.11, +26.11%, 4.84 RR ratio
RGR short term bearish, long term bullish? I only recently picked back up on Wyckoff patterns. This is very similar to a reaccumulation schematic I dug up online.
So according to this idea, we will see a dump down to sweep those lows. Ironically this coincides with the November election.
That low would be considered the spring, followed by a test and then off to the races in 2025.
Is Wyckoff trying to tell us something from the other side? Does this means Trump win is bullish because of 2a rights and people having extra money again, or does this mean that Kamala wins and everyone realizes how dangerous the country is so they all load up on firearms? Maybe the government gets a contract to supply their 87,000 IRS agents with more guns. Stay tuned for the next chapter of this wild movie we are living in.
Regardless of what it is or who wins there is a long term, wide range with a descending wedge nearing the bottom in the coming months. False breakdown and recovery of that wedge is super bullish. Wyckoff adds some nice confluence which can help you hold a position if it's working for you and following the plan. I will always watch volume and price action, as well as a handful of other things. This is simply one piece of the puzzle.
RGR back in da BUY ZONERGR has been a real undervalued gem in 2021. We NAILED the entry back in January, and I think this stock is getting ready to move again. The $70-75 area is a great value buy zone, with earnings just around the corner. It's sitting just above the .618, with some MACD divergence. With a 1.5%~ dividend yield this is a strong value. I am long via shares and the Aug 20th 80C from $1.55.
RGRChart just looks ready to rip higher. Wonder what the Biden administration is up to as far as gun regulation because it appears a spike in gun sales could be on the way.
RUGER ready to fly? Hedge for civil unrest. Civil unrest is almost guaranteed in the coming weeks+months in the US. RGR has nice low IV%, and could be a great defensive play.
RGR price hints at what traders think about the electionNYSE:RGR tends to perform well in the presence of social unrest and in the face of regulatory restrictions on firearms (reflect upon the Obama years etc). The mainstream narrative of a landslide Biden victory with no election fraud seems to contradict the story playing out in the price action of $RGR. If confidence exists in a Biden victory, traders simply aren't seeing it that way. What do you think?
RGR Post Dividend TankI think RGR drops here after dividends (yesterday) and Biden getting elected.
Everyone's pre-buying now, doubt they do well next year, regardless of any regulations. Got into some pts this morning, I think there's still room to make money on this. Note 2 hr chart also shows MFI declining.
$RGB gap filled at origin of rally to new heightsSimple idea. Price has returned to the area where buyers gapped it up and ran with it last time. Look for signs of buyers coming in. That's it. No indicators or complications. Keep this in your sights.
Ruger's Fundamentals Make it a Great BuyFundamental Analysis
Net Margin 10.3%
P/FCF 13.36 (Very Good)
Debt/Eq 0 (Very good)
Quick Ratio 3.7 (good)
**Price Target $92**
The data here is substantially better than Smith & Wesson which hosts a Net Margin of -9%, EPS this Y of -435%, and Debt/Eq level of 0.52. Ew!
RGR 115-120 RGR: Update the trend line. Above all time highs. Looks like we are getting to the top of the trend line. If we break that then I see clear skies. Guns have become more popular as the political climate continues to escalate. Overbought but still holding the trend line. Will look for entries tomorrow. Being at work kinda screwed me.
RGR continuation Hey everybody, If you enjoyed this analysis give it a thumbs up or comment your opinion below!
We can see the upwards trending support and I'm expecting the price to come back down and test it again with another bounce off to the top. Also seeing some bullish divergences.
RUGER $85 targetHey everyone! If you enjoyed this analysis please give it a thumbs up or comment your opinion!
With gun and ammunition selling out all over the country for consecutive weeks, Im expecting Ruger to have a very strong earnings and I don't believe that Rugers current price reflects that.
On top of all that the price is currently sitting above all major moving averages on the four hour and is setting up for a beautiful bull flag.
Guns (BLM) during BLMThis is my first 2nd-month trading and 1st post please take with a gallon of salt. I used three pitchforks to track resistance and support: Original, post-COVID drop, and after protests. Just before the protests the stock price realigned for the two pitchfork projections restoring normalcy then spiked due to protests and passed 52 week high. The 5/13/20 week moving average shows the price is still going up today. I believe it will go up to the 5 year high of $76 before starting to go down again.
Anecdotal opinion: most people I know use their guns more during the summer possibly also supporting price. It is American to have a gun especially if your town no longer has a police force you can trust (or even has one).
Summary: I think you can still buy but will sell above anytime $76 or after July 4th
RGR Monthly chart on the verge of a massive breakout!Sturm, Ruger & Company is on the verge of a breakout on the monthly chart. The stock has been consolidating on the monthly chart since 2014 (6 years). A break above $74.19 could set up for a longer term run higher!
