Although founded in 1948, Porsche became a public company in late September 2022. Initially, the company started to float on the market with an opening price of €84. However, shares rose as high as €120.80 in the coming months. Yet despite these impressive gains since the IPO, shares of the company began to decline in May 2023, losing about 20% of their value...
In late October 2022, we stated the bear market was poised to weigh heavily on shares of Tesla. Since then, the price dropped from 207.28$ to a low of 108.24$ (on 28th December 2022), representing almost a 48% decline. After that, the company’s shares briefly rose above 124$. However, with the start of a new year and its first trading day, shares fell more than...
Germany's largest carmaker and DAX40 group Volkswagen did not perform well on the stock market in recent months and the share price went south. Since the beginning of the Ukraine war, the price lost slightly over 50% or 126€.
On the overarching chart picture, however, this sell-off is only part of an overarching correction according to my assessment. The market...
The prospect of a recession hints at hard times ahead for auto producers, including General Motor Company; over the past six months, this stock lost more than half of its value. Additionally, it continues to constitute new lows, confirming the presence of the downtrend. As a proxy to that, we are bearish on the title and expect worsening economic conditions to...
BMW continues to grow since 20th August 2021. It currently trades around 87.50 EUR per share. Technical factors are neutral to bullish and because of that we would like to set short-term price target of 90 EUR per share.
Technical analysis
RSI has bullish structure. We will watch it closely and we will look for eventual crossover above 70 points. We expect...
The chart of Hyuandai presents itself very strong with a freshly activated long signal.
The Weber Trend Suite provided a perfect support line (green horizontal). Additionally the chart formed a bullish divergence to the RSI. After the first leg up, the price consolidated in a bull flag and now we see the breakout.
The conservative trade has a CRV of 3 (target...
Not much to say here other than Toyota is 100x better than Tesla in everything. Personally I don't believe that a company who has a CEO like Elon will ever be successful, so I'd rather buy the most successful company out there that just had a major breakout. Definitely one of the most bullish stocks out there.
As you see the two charts are fairly self-explanatory. Both in 2020 and now (2021), TSLA had already made a top by early February, formed a MA50/100 Death Cross, followed by a MA50/200 Golden Cross (on the 4H chart) that practically put the bottom behind. The RSI and MACD sequences are also fairly identical.
Is it time to buy the carmaker giant again?
**...
