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S&P 500 Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook: In this week's abbreviated trading session, the S&P 500 index has demonstrated significant upward movement, successfully retesting the completed Outer Index Rally level of 6000 and maintaining its position above the Mean Resistance level of 6008. The primary objective is to reach the Outer Index Rally target of 6123, with the potential for further extension to the subsequent Outer Index Rally level at 6233. This notable ascent toward the Outer Index Rally target of 6123 is projected to induce a pullback to the Mean Support level of 6000, facilitating the bullish trend's next phase.
SP:SPX
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook: Bitcoin has significantly declined below our Mean Support level of 94400. Nevertheless, the momentum of the bull market has been a pivotal factor, allowing Bitcoin to rebound robustly and heading to retest the established Outer Coin Rally target 99500. Current analysis indicates that the cryptocurrency is poised to surpass the 99500 threshold, consequently reigniting its upward trajectory towards the forthcoming Outer Coin Rally target at 110000. The pullback to Mean Support 95600 and possibly to 91800 is strategically positioning the market for the next phase of the bullish trend.
BITSTAMP:BTCUSD
by TradeSelecter
2025 is the year of the SMALL CAPS! 26% Higher2025 is the year of the SMALL CAPS! 26% Higher Russell 2000 - AMEX:IWM AMEX:TNA 🤏🧢 2025 is the year of the SMALL CAPS! While some are saying the Small Caps run is over, I say we are going 26% HIGHER!!! You have to understand that the Russell has lagged the ENTIRE market over the last two plus years and they have a lot of catching up to do. You either get that through AMEX:IWM running up to the NASDAQ:QQQ , the Q's falling down to meet the Russell, or them meeting halfway. I believe we are going to get a decent size pullback on the Q's eventually but for right now I say the Russell runs FAST to catch the runner that is fading. The chart also tells us everything we need to know. - H5 Indicator is GREEN - Cup n Handle Breakout with a successful retest...You now what comes next! ☝️ - Wr% has it's consolidation box and is thriving. - Free roam on the ATH's space 🐔 🎯 $259 📏 $306 NFA
NYSE:CRMLong
by RonnieV29
US Equity Secular Bull Cycle, $SPX 24' Price Target, 2025 BeyondUS EQUITY S&P 500 INDEX BOHAN The S&P 500 Index SP:SPX monthly chart: Over the past 30 years, the US stock market has weathered the personal computer cycle, the dot-com bubble, the social media cycle, and the subprime mortgage crisis. The most recent epic crash was the 2020 pandemic. Since then, the US stock market has continued its secular bull cycle, fueled by quantitative easing (QE) that began in 2008. We saw a bull market from 2020-2021 driven by QE, a bear market in 2022 due to interest rate hikes, and now, in 2023-2024, we are entering the Web 3.0 and AI era. So, where is the next epic crash? And will there be another bull cycle after that? 1.) No one can accurately predict the market. The first step to improving your COGNITION is to grasp the rules of the human system. The essence of society is that the rich exploit the poor, and the essence of the stock market is that institutions exploit retail investors. Only market makers, institutions, and family offices know what's going on because they set the game, and we're just playing it. As retail investors, the best we can do is improve our cognition, conduct in-depth research on the US stock market, and arrive at high-probability answers. 2.) Understanding dollar dominance is key to understanding society. The US established a new world order, shifting societal control from religion to currency. Wars are fought to defend the dollar's status. After the gold standard was abolished, the US dollar became the world's reserve currency, effectively ruling the world. The long bull and short bear cycles in the US stock market rarely stem from fundamentals like earnings per share (EPS). They are mostly driven by the Federal Reserve's unlimited quantitative easing (QE) Cycles - printing money, issuing bonds, having debtor nations foot the bill, and injecting liquidity into the stock market. Therefore, the US equity market is essentially a liquidity platform. Unless there's a World War III, US assets are the only ones suitable for long-term investment due to currency dominance. Invest long-term, dollar-cost average, and if there's an epic crash, keep buying the dip. 3.) S&P 500 (SPX) target price for the end of 2024: 6200+ Macros: The Fed's broad money supply (M2) is still growing, and QE continues. Fundamentals: Strong corporate earnings growth, fueled by the AI era. Technical: A 4-year weekly uptrend channel since 2020, plus institutional positioning JPMorgan's JPM Collar Positions: STO SPX 6055 C DEC 21 @$50.00 + x 39600) indicates significant buying pressure. 4.) Expecting a pullback in 2025, but the secular bull market will persist. Macros: Short-term cyclical factors like tariffs might have an impact, but the long-term trend remains intact due to continued QE. Fundamentals: Big tech valuations might become more reasonable, especially Nvidia. However, long-term EPS for Nvidia could reach $4.00, and overall corporate earnings growth remains strong. Technical: The 4-year weekly uptrend channel might encounter resistance, and the JPM Collar positions could see a shift from buying to selling. However, significant open interest in SPX options with high gamma at 6300, 6500, and 7000 suggests institutional bullishness for mid-2025. Even with a 15% to 20% correction, we should continue to buy the dip, as the secular bull cycle is expected to persist. 5.) The secular bull cycle is projected to last from 2008 to 2030. An epic crash might occur at the end of this cycle, followed by another major bull market. The potential cause of the crash would be the end of QE and a resulting liquidity crisis. This is speculation, of course, but the principle of dollar dominance suggests that as long as US hegemony remains, any crash presents a buying opportunity. *The above analysis is for informational purposes only and does not constitute investment advice.*
SP:SPXLong
by BOHAN94
Premier Energies Long Term Investment IdeaIntroduction Premier Energies Ltd. engages in the business of manufacturing and trading of solar modules, solar cells and solar accessories. Its business operations include the manufacturing of solar photovoltaic cells and solar modules including custom made panels for specific applications, execution of EPC projects, independent power production, O&M services with respect to EPC projects and sale of solar-related products. Observation As we can see stock breakout after a consolidation on day chart stock trading on good volume. stock trade above 20ema strong RSI with good fundamental. visit on website for fundamental detail analysis and Latest stock news & updates 👆 Educational content 📖 This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.
NSE:PREMIERENELong
by SHEHBAZ_KHAN
CreditAccess Grameen: Making a Difference in Microfinance◉ Abstarct The Indian microfinance sector has grown significantly, reaching a total loan amount of about ₹4.33 lakh crore (around $52 billion) by March 2024, which is a 24.5% increase from the previous year. CreditAccess Grameen Limited plays a vital role by providing loans mainly to low-income women, helping them improve their lives. The company saw an 11.8% growth in its total assets and a 20.8% rise in net interest income for the second quarter of FY25. Despite facing challenges like high-interest rates and regulatory pressures, it expects continued growth due to favorable rural conditions and technology improvements. Lower interest rates in the future could also boost profits and share prices for microfinance institutions like CreditAccess Grameen. Read full analysis here.......... ◉ Introduction The Indian microfinance sector has evolved significantly over the past five decades, becoming a crucial component of the country's financial landscape. Here’s an overview of its current status, growth trajectory, challenges, and impact. ◉ Current Status ● Market Size: As of March 31, 2024, the microfinance industry boasts a gross loan portfolio of approximately ₹4.33 lakh crore (around $52 billion), marking a year-on-year growth of 24.5%. This growth underscores the sector's resilience and capacity to adapt to changing economic conditions. ● Customer Base: The sector serves around 78 million customers, with a notable increase in clientele from rural and semi-urban areas. This demographic shift reflects the sector's commitment to enhancing financial inclusion. ● Institutional Landscape: The microfinance sector comprises 168 Micro Finance Institutions (MFIs) operating across various states and union territories, with non-banking financial companies (NBFCs) leading the market with a share of 39.1%, compared to traditional banks at 33.5% as of FY23. ◉ Growth Drivers ● Regulatory Framework: The introduction of favourable regulations by the Reserve Bank of India (RBI) has facilitated growth by allowing MFIs greater flexibility in setting interest rates and expanding their lending capabilities. The establishment of MUDRA Bank has also played a pivotal role in financing small businesses. ● Technological Advancements: The integration of technology in operations has improved efficiency and customer outreach, enabling MFIs to serve a larger client base effectively. ● Government Initiatives: Programs aimed at promoting women's entrepreneurship and financial literacy have bolstered the sector's growth. Initiatives such as the Pradhan Mantri Mahila Shakti Kendra aim to empower women through easier access to credit. ◉ Impact of Monetary Policy Decisions on Microfinance ● Interest Rates: Changes in the repo rate influence borrowing costs for microfinance institutions (MFIs). Lower rates reduce loan costs for borrowers, promoting demand for microfinance products. ● Access to Credit: Relaxed monetary policy improves liquidity, encouraging banks to lend to MFIs, which enhances their ability to provide loans to underserved populations. ● Economic Activity: Lower interest rates stimulate economic growth, improving borrowers' repayment capacity and reducing default rates. ◉ Key Players in the Microfinance Sector Several prominent companies operate within the Indian microfinance landscape: 1. Ujjivan Financial Services Limited: A major player that transitioned into banking with Ujjivan Small Finance Bank, focusing on serving unbanked populations. 2. Bandhan Bank: Initially a microfinance institution, it became a bank in 2015 and provides a variety of financial products aimed at rural and semi-urban areas. 3. Bharat Financial Inclusion Limited (BFIL): Formerly known as SKS Microfinance, BFIL offers microcredit services across India and emphasizes empowering women entrepreneurs. 4. CreditAccess Grameen Limited: This institution focuses on providing loans to low-income households and has established a strong presence in rural regions. 5. Spandana Sphoorty Financial Ltd.: An NBFC-MFI that provides various financial services to economically disadvantaged individuals. 6. Arohan Financial Services Limited: Offers microfinance solutions and is part of the Aavishkaar-Intellecap Group. Other notable players include Utkarsh Small Finance Bank , Share Microfin Limited , Muthoot Microfin Limited , and Satin Creditcare Network Limited , all contributing to the sector's growth through innovative financial products tailored for low-income clients ◉ Challenges Facing the Sector Despite its growth trajectory, the Indian microfinance sector faces several challenges: ● Over-Indebtedness: Many borrowers struggle with high-interest rates and multiple loans from different MFIs, leading to financial stress. ● Regulatory Compliance: The sector is subject to strict regulations imposed by the Reserve Bank of India (RBI), which can affect operational flexibility. ● Financial Literacy: Low levels of financial literacy among borrowers can hinder effective utilization of microfinance services In this in-depth analysis, we'll explore CreditAccess Grameen's market positioning and competitive dynamics, shedding light on its remarkable impact in India's microfinance landscape ◉ Company Overview CreditAccess Grameen Limited NSE:CREDITACC , a leading non-banking financial company, provides microfinance services to women from low-income households in India. The company offers microcredit loans for income generation, home improvement, and emergency needs, as well as insurance services, retail finance loans, and digital lending products. Incorporated in 1991 and headquartered in Bengaluru, India, CreditAccess Grameen Limited operates as a subsidiary of CreditAccess India BV. Formerly known as Grameen Koota Financial Services Private Limited, the company was renamed in January 2018. ◉ Market Capitalization - ₹ 15,608 Cr. ◉ Investment Advice 💡 Buy CreditAccess Grameen NSE:CREDITACC ● Buy Range - 950 - 970 ● Sell Target - 1280 - 1300 ● Potential Return - 30% - 35% ● Approx Holding Period - 12-14 months ◉ Q2 FY25 Earnings Performance Summary ● Total AUM Growth: Increased by 11.8% year-over-year, reaching INR 25,133 Crore. ● Gross Loan Portfolio (GL): Rose by 9.3% year-over-year to INR 24,188 Crore. ● Retail Finance (RF) Portfolio: Demonstrated strong growth with an AUM of INR 945 Crore. ● Customer Base: Grew by 7.2% year-over-year to 49.33 Lakh, with the addition of 1.46 Lakh new customers in Q2 FY25. ● Branch Network: Expanded to 2,031 branches across 398 districts, adding 55 new branches during the quarter. ◉ Financial Highlights ● Net Interest Income (NII): Increased by 20.8% year-over-year to INR 933 Crore. ● Cost of Borrowings: Average cost remained stable at 9.8%, with a marginal cost of 9.4%. ● Portfolio Yield: Held steady at 21.1%, with an interest spread of 11.4%, among the lowest in the microfinance sector. ● Net Interest Margin (NIM): Improved to 13.5%, up from 13.0% in Q1 FY25. ● Cost-to-Income Ratio: Reported at 30.7%; Pre-Provisioning Operating Profit (PPOP) grew by 19.5% year-over-year to INR 672 Crore. ● Profit After Tax (PAT): Recorded at INR 186 Crore for Q2 FY25, with a Return on Assets (ROA) of 2.7% and a Return on Equity (ROE) of 10.7%. ◉ Asset Quality Update A temporary rise in delinquency attributed to: ● Interventions by third parties impacting repayment capabilities. ● Liquidity and cash flow challenges experienced by customers. ● Income fluctuations for agricultural laborers due to adverse weather conditions. ◉ NPA Status Overview ● As of September 2024, preliminary data indicates a slight uptick in NPAs with a gross NPA ratio of 2.44% and a net NPA ratio of 0.76%. This change may reflect broader economic conditions or specific challenges faced by borrowers in the microfinance segment. ◉ FY25 Performance Guidance ● Loan portfolio growth expected at 8-12%. ● NIM forecasted at 12.8-13.0%. ● Credit cost guidance at 4.5-5.0%. ● ROA projected at 3.0-3.5%, ROE at 12.0-14.0%. ◉ Management Confidence Management is confident that the ongoing delinquency cycle will be short-term, stabilizing by Q3 FY25. Looking ahead, the company expects to gain momentum in Q4 FY25, fueled by favourable rural economic conditions. ◉ Technical Aspects ● After hitting an all-time peak of 1,780, the stock plummeted 50%. ● Currently, it's staging a recovery from the long-term trendline support, with substantial upside potential. ◉ Conclusion CreditAccess Grameen is well-positioned for substantial growth, driven by increasing demand for financial services among low-income groups, ongoing government support, and advancements in digital technology. The company's strong financial foundation will enable it to capitalize on these trends. Furthermore, the current high interest rates are expected to decrease soon, leading to lower borrowing costs for microfinance institutions (MFIs) like CreditAccess Grameen. This reduction in borrowing costs will likely enhance profitability, which in turn may positively impact the company's share price, driving it to higher levels.
NSE:CREDITACCLong
by GoodluckCapital
LIKE I SAID: SHOPIFY WAS THE NEXT RETAIL STOCK TO FLY📢 Before all the BIG accounts start swarming all over NYSE:SHOP like flies on 💩, remember this call in the chaos! 🤪 Catalyst: Big earnings beat prediction based on NASDAQ:AAPL and NASDAQ:AMZN results and a strong consumer outlook. Trade Setup: Entry, Stop Loss, Price Targets. Next Retail Stock: Prediction on the next big retail stock to fly. #HIGHFIVESETUP: My proven trading strategy. Valuation: Detailed analysis based on my valuation analyzer. Let's continue to crush it together in this amazing community! I appreciate you all! ♥️
NYSE:SHOPLong
by RonnieV29
2
ADANIENT // What to do?www.tradingview.com ADANIENT: Everyone should have a partner like ADANI...the GQG Partners :). Whenever Adani stocks are in trouble, they come as savior. Jokes apart, here are the findings. The lower gaps are filled now. The upper gaps are still open so there are chances it may go to fill them. The Resistances are 2420 / 2544 / 2667 / 2755 The Support are 2020 / 1763 / 1500 I would prefer to enter for a buy position once it breaks and sustains above 2420 atleast and target will be 2750 for short term. The most safe or stable buy can be above 2900.
NSE:ADANIENT
by Stox_Ware
Super Micro Computer (SMCI): Could this be 2024’s comeback?Could we be witnessing one of the most remarkable comebacks of the year? NASDAQ:SMCI surged an incredible 123% in just eight trading days, turning our position back into profit—a scenario that seemed unlikely not long ago. This highlights how patience in trading often pays off. The key reclaim of the Point of Control (POC) at $26.59 is a pivotal development. It’s crucial that NASDAQ:SMCI remains above this level as the week ends, which could also mark a significant monthly close. On the technical side, NASDAQ:SMCI was oversold on the 3D timeframe for the first time since March 2020, which may partly explain the rapid recovery and increased buying pressure. Fundamentally, last week marked the stock’s best five-day stretch on record following the appointment of BDO as its new independent auditor. This move, combined with a submitted compliance plan to Nasdaq, aims to address the delayed filing of its annual 10-K and quarterly 10-Q forms—previously threatening delisting. If NASDAQ:SMCI successfully files these reports, investor confidence could soar, potentially driving the stock much higher. However, failure to meet these requirements could result in a sharp sell-off. While we could have added at the bottom, patience remains critical as the situation evolves. ✅
NASDAQ:SMCILong
by freeguy_by_wmc
NVDA Topping PatternUnlike the previous call, I made in NVDA that was corrective. This double-top pattern is signaling a reversal pattern. From a trading perspective, this is a great risk/reward setup that is relatively simple. A CRACK! here will likely lead to at least the right side filling, with the potential deeper pullback (reversal) If on the other hand, it pops above recent highs then no trade or an easy stop out. As you all know I don't do targets, I think they are silly and only used to pretend one has such insight not only can they call the move but also a "target" too. Yeah well, I'll leave that to the "experts" ;) Bulls don't be a dick for tick. Shorts take some early profits to improve cost basis but let this one ride!
NASDAQ:NVDAShort
by RealMacro
6