An island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This price pattern suggests that prices may reverse whatever trend they are currently exhibiting, whether from upward to downward or from downward to upward. The island reversal can be...
The daily RSI of GM is trading above 70. This could mean that either prices are in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. General Motors is above its 20 and 50 period moving average (respectively at...
I'm sharing a technical note from Market Edge: "The stock has outperformed the market over the last50 trading days when compared to the S&P500. The MACD-LT, an intermediate term trend indicator, is bearish at this time. MARA's chart formation is showing signs of reversing its recent trend. If the stock closes below $8.23 a change in trend will be confirmed....
Roblox is an online gaming and entertainment platform that offers a shared digital experience that brings people together through play. During the crash in 2022, it bought TriplePlay and Hamul and invested in Clockwork Labs. According to TipRanks, the average price target is $43.67 with a high forecast of $55.00 and a low forecast of $23.00. The average price...
This is a copy&paste from a Bank of America Global Research Note: "MCHP is a semiconductor devices stock that is forming late 2021 into mid 2023 big base. A decisive breakout above resistance at 87-88 and the late 2021 high a 90 would confirm this bullish setup and favor further upside to pattern counts at 104 and 120. Until then, rising 13, 26 and 40-week MAs...
The recent spike in ENVX stock followed a purchase order from the U.S. Army. The latest purchase order is a positive step for Enovix as the company moves its U.S. Army program closer to full-volume production. The company is setting up the infrastructure for high-volume manufacturing and scaling its production. The company expects to produce 180,000 cells in...
Bluebird bio (BLUE) is a biotech company focused on developing and commercializing gene and cell therapies to treat genetic diseases. Lead asset LentiGlobin (Zynteglo) is approved in US and Europe for the treatment of transfusion-dependent thalassemia. Bluebird's LentiGlobin (lovo-cel) is also in pre-registrational stage for sickle cell disease. Bluebird is also...
According to Argus, ZBH completed an inverse headand-shoulders bottom in mid-Aprilon above-average volume. On May 2, the stock gapped higher to recovery highs on massive volumefollowing better-than-expected quarterly results. The gap did not hold and over the next four weeks, the shares pulled all the way back to their 21-month exponential. ZBH then popped...
According to TipRanks, the average price target of RIVN is $21.14 with a high forecast of $40.00 and a low forecast of $10.00. The average price target represents a 51.00% change from the last price of $14.00.
Arm is talking to at least ten companies, including Intel Corp, Alphabet Inc, Apple Inc., Microsoft Corp., TSMC, and Samsung Electronics Co Ltd., about their potential participation in the IPO. Slated for release in 2025, the all-new Falcon Shores design will be Intel's flagship foray into the AI chip sector. The company's recent announcement offered a small,...
MTCH has an A.I. powered Photo Verification and possible other development in the background. Based on seasonality, it tends to be bullish in June.
I'm trading GTLB to the $65 zone ... According TipRanks, the average price target is $51.80 with a high forecast of $70.00 and a low forecast of $39.00.
Morgan Stanley likes Baidu's long-term potential as the industry pioneer in AI initiatives and autonomous driving.
Summary of ORCL's technical on its daily chart: The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20...
A note on Bank of America Global Research back in April 2023: "TSLA’s financial outlook is focused on longer-term targets, which it largely reaffirmed this quarter including: 1) 50% annual growth in vehicle deliveries over a multi-year horizon; 2) Sufficient liquidity for its product roadmap and capacity expansion; 3) Continued cost reduction in...
NXPI is a semiconductor devices stock that has the potential to break out from a February 2022 into June 2023 big base pattern. A decisive push above 197-198 would confirm this bullish setup and suggest upside back to the late 2021 peaks near 228-229 and 239-240 and then toward the pattern count at 260-263. Until then, NXPI has support from 186 (chart level) to...
MCO is a financial exchanges and data stock that is breaking out from a May 2022 into June 2023 big base. This pattern favors upside back to the 2021 peaks near 388 and 408 with additional potential to the pattern count at 420-422. Holding 336 to 325 keeps the breakout firmly intact for MCO. Rising 13, 26, 40-week and 200-week MAs underpin this bullish trend from...
There definitely a bipartisan support for higher naval spending to counter China will help offset labor constraints that continue to plague the naval supply chain. BWXT also has a business in Uranium processing and related products. In its daily timeframe, a decisive rally above 67.50 would confirm an April 2018 into June 2023 big base with upside potential to...