Willis Lease Finance - RSI overbought zone
Willis Lease Finance reports Q4 results
Willis Lease Finance (NASDAQ: WLFC): Q4 GAAP EPS of - $ 0.62.
Revenue of $ 61.49M (-31.1% Y / Y)
"Willis Lease Finance Corporation (WLFC) today reported total annual revenues of $ 288.7 million and pre-tax profit of $ 17.3 million for the year ended December 31, 2020. The Company reported lower revenue in 2020 compared to the prior year, primarily due to the impact of the COVID-19 pandemic. The slowdown in global travel has led to a reduction in aircraft and engine utilization and a reduction in demand for aircraft and engine spare parts that keep airline fleets in operation. For the year ended December 31 , 2020, aggregate lease rent and maintenance reserve revenues were $ 248.3 million and spare parts and equipment sales were $ 18.6 million. "
Willis Lease Finance has been going up a lot in the last few days and the RSI has entered an overbought zone.
In these cases, however, we must pay close attention to the false signals of the RSI, especially after news on the quarterly that made the stock rise.
To filter the RSI's false signals, you can observe the MACD and avoid short positions when it is positive and up.
The slope moving average also marks an uptrend.
If you want to learn more about the techniques to filter false RSI signals read this article: https://financestrategysystem.com/how-to-avoid-rsi-false-signals/
Willis Lease Finance (NASDAQ: WLFC): Q4 GAAP EPS of - $ 0.62.
Revenue of $ 61.49M (-31.1% Y / Y)
"Willis Lease Finance Corporation (WLFC) today reported total annual revenues of $ 288.7 million and pre-tax profit of $ 17.3 million for the year ended December 31, 2020. The Company reported lower revenue in 2020 compared to the prior year, primarily due to the impact of the COVID-19 pandemic. The slowdown in global travel has led to a reduction in aircraft and engine utilization and a reduction in demand for aircraft and engine spare parts that keep airline fleets in operation. For the year ended December 31 , 2020, aggregate lease rent and maintenance reserve revenues were $ 248.3 million and spare parts and equipment sales were $ 18.6 million. "
Willis Lease Finance has been going up a lot in the last few days and the RSI has entered an overbought zone.
In these cases, however, we must pay close attention to the false signals of the RSI, especially after news on the quarterly that made the stock rise.
To filter the RSI's false signals, you can observe the MACD and avoid short positions when it is positive and up.
The slope moving average also marks an uptrend.
If you want to learn more about the techniques to filter false RSI signals read this article: https://financestrategysystem.com/how-to-avoid-rsi-false-signals/
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