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75: Douglas AG: Is it Time to Accumulate at Current Prices?Douglas, the parfumerie chain, has experienced a significant decline in its stock price since its initial public offering (IPO). With the stock now trading around 50% lower than its IPO price, it appears to be approaching a potential accumulation zone between the price range of 20 and 15 euros. This analysis explores the possibility of this price level being an attractive opportunity for accumulation, provided that market participants agree with this valuation. Technical Analysis: - Douglas stock has experienced a sharp decline since its IPO, forming a clear downtrend pattern on the charts. - The stock is currently approaching a critical support level in the range of 20 to 15 euros, where it has historically found buying interest. - The Relative Strength Index (RSI) indicator suggests that the stock is approaching oversold conditions, indicating potential exhaustion in selling pressure. Fundamental Analysis: - Despite the recent struggles in its stock price, Douglas remains a prominent player in the parfumerie industry, with a significant presence across Europe. - The IPO proceeds were primarily intended to reduce the company's debt burden, indicating a strategic move towards financial stability. - Douglas has outlined plans for expansion and modernization, which could potentially drive future growth and value creation. Market Sentiment: - The current sentiment towards Douglas stock appears negative due to the substantial decline post-IPO. - However, there may be a shift in sentiment if market participants perceive the current price level as attractive for accumulation. - Dealer activity and institutional investor sentiment will be crucial in determining whether the stock finds support in the indicated price range. The recent decline in Douglas stock price post-IPO presents a potential opportunity for accumulation, with the stock nearing a key support level between 20 and 15 euros. However, investor sentiment and dealer activity will play a vital role in confirming whether this price range indeed serves as a favorable accumulation zone. Traders and investors should closely monitor price action and market dynamics before making any investment decisions regarding Douglas stock.
D
by Soldi75
Noble Corporation | NEEnergy stocks score biggest rise in a month as OPEC+ cuts begin Energy stocks closed an otherwise mediocre week in strong fashion, as oil traders who have grappled with concerns over the global demand outlook may finally see signs of tightening in the oil market. Saudi Arabia and Russia started the week announcing fresh production cuts that will bring total reductions by OPEC+ to 5M bbl/day, or ~5% of global oil demand. Supporting prices this week, U.S. crude inventories fell more than expected and gasoline inventories posted a large draw, the U.S. Energy Information Administration reported. But gains were capped as the Federal Reserve appeared to be headed for further interest rate hikes, possibly at its policy meeting later this month. And while Saudi Arabia limits its production, supply is gaining elsewhere; Iran, for example, is increasingly circumventing U.S. sanctions, with oil shipments of ~1.6M bbl/day on average in May and June, according to Kpler and Petro Logistics, more than double the level of about a year ago and the highest since 2018. Separately, the Biden administration said late Friday it will purchase another 6M barrels of crude oil for the Strategic Petroleum Reserve. Front-month Nymex crude oil (CL1:COM) for August delivery gained more than $2.00/bbl Friday to push the U.S. benchmark +4.5% for the week to $73.86/bbl, its highest settlement since May 24, while September Brent crude (CO1:COM) closed the week +4% to $78.47/bbl, its best settlement since May 1. U.S. natural gas futures (NG1:COM) closed -7.7% for the week, settling at $2.58/MMBtu, as volatile weather in much of the U.S. complicated the outlook for demand. ETFs: (NYSEARCA:USO), (BNO), (UCO), (SCO), (DBO), (USL), (DRIP), (GUSH), (USOI), (NRGU), (UNG), (UGAZF), (BOIL), (KOLD), (UNL), (FCG) The top energy sector ETF (NYSEARCA:XLE) finished the week -0.5%, placing it in the middle of the pack among the S&P's 11 sectors, but closed +2.1% on Friday, its biggest single-day gain in a month. Oilfield services companies (OIH) Schlumberger (SLB), Halliburton (HAL) and Baker Hughes (BKR) ranked as three of Friday's top four gainers on the S&P 500, +8.6%, +7.8% and +4.8%, respectively. Top 10 gainers in energy and natural resources during the past 5 days: (RIG) +20.4%, (WAVE) +19.2%, (OII) +18.3%, (NE) +18.1%, (DO) +17.1%, (TDW) +16.4%, (NRT) +16.3%, (NINE) +13.9%, (IPI) +13.2%, (LBRT) +12.4%. Top 5 decliners in energy and natural resources during the past 5 days: (ORGN) -12.7%, (PPSI) -11.8%, (NPWR) -10.7%, (MARPS) -9.9%, (MTR) -9.3%. Since June of 2020, Noble Corporation Plc has undergone a substantial transformation while drastically reducing its total liabilities and ongoing financing expenses.Since June 2020, NE has filed and exited bankruptcy, acquired its former competitor Pacific Drilling, regained NYSE listing, and completed a merger with Maersk drilling. Over the period, total liabilities and quarterly net interest expenses were reduced 65% and 74% respectively. Over the last several quarters, some offshore drillers have reported growing revenue.Quarterly revenue is plotted from June 2020 forward for NE and its offshore drilling peers. Recently, revenues across the industry have rebounded from their early 2021 lows. NE quarterly revenue (plotted in dark blue) has increased from $220M in mid-2020 to $586M in FQ4 22 (+166%). While quarterly revenue has more than doubled recently, NE has also become profitable. Normalized net income has increased from -19% in mid-2020 to its most recent value of 23%. FQ1 23 estimated revenues are expected to remain elevated at $540.5M while decreasing slightly from FQ4 22 revenues of $586M. Based on the peer average EV/Sales and estimated FY 23 revenue, NE's fair value share price was estimated at $ 62
NYSE:NELong
by moonypto
EXPO.N0000 - How to buy and sellBuy and Sell zones mentioned in the chart. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:EXPO.N0000Long
by rukshan2102
1
SPLK | Splunk & CiscoShares of Splunk were up 21.3% as of 1:10 p.m ET Thursday after the data analytics and observability specialist agreed to be acquired by Cisco Systems More specifically, on Thursday morning Splunk announced it has entered into a definitive agreement under which Cisco will acquire the company for $157 per share in cash a roughly 31% premium from Wednesday's closing price. The deal places an equity value on Splunk of approximately $28 billion. "We're excited to bring Cisco and Splunk together," said Cisco CEO Chuck Robbins in a statement. "Our combined capabilities will drive the next generation of AI-enabled security and observability." Splunk, for its part, was already up nearly 40% year to date leading into the announcement, helped by a post-earnings pop last month after the company delivered significantly stronger-than-expected fiscal second-quarter results. At the time, Splunk CEO Gary Steele highlighted his company's focus on accelerating innovation as a key beneficiary of the rise of artificial intelligence stocks. The acquisition has already been unanimously approved by both companies' boards of directors, but still requires the approval of regulators and Splunk shareholders. Assuming all goes as planned, the transaction should close by the end of the third quarter of calendar year 2024. Cisco believes the purchase should be cash-flow-positive and gross margin accretive in the first fiscal year post close, and accretive to nonGAAP earnings per share in the second year. Splunk stock is trading at a modest 7.7% discount to the agreed purchase price. So given the cash nature of the deal -- and unless waiting longer to sell might qualify you for long-term capital gains tax rates on your profits -- I think most Splunk shareholders would do well to take their money and put it to work in any number of other promising stocks. SPLK is super bullish because its passed 50 and 200 EMA and also it broke 109$ resistance as well, the volume and most indicators are bullish too
SLong
by moonypto
📈 Bank of Baroda: Riding the Waves of Support and Resistance!Hello Alpha Traders! Let's delve into Bank of Baroda today. Here's a snapshot: 📊 1-Hour Trend Analysis: NSE:BANKBARODA is currently riding an upward trend in the 1-hour session, showcasing resilience at support levels. 🔄 Support and Resistance Dynamics: Observing a pattern where the stock breaks its resistance, retraces to find support, and then resumes its upward journey. 📈 Current Scenario: With the recent breakout above resistance, the stock is now retesting its support level before potential further upside. 💰 Trading Opportunity: Consider taking a long position in the range of 260 to 240 rupees, with a stop loss placed below the support trend line for risk management. 📌 Stay Vigilant: Always stay alert to market movements and adjust your strategies accordingly. 🚀 Chart Analysis: Dive deeper into the chart analysis for a comprehensive understanding of the stock's movements. Looking forward to your insights and trades, Alpha Traders! 🚀💼 Best regards, Alpha Trading Station
NSE:BANKBARODALong
by AlphaTradingStation
CSE - Monthly ChartCriteria for another Bull market in Stock market of Sri lanka 1. Need to close few more Green candles above 9150 in monthly chart & It should protect 21 EMA in monthly chart 2. RSI should be more than 50 in monthly chart 3. Finally monthly candles should break strong resistance level 10650 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASILong
by rukshan2102
SPX: an alternate EW count if 4216.45 breaksSPX and markets overall are slaughtering bulls for the last couple of weeks. Now bloody Monday is the trending search on google search. If the last low breaks, I am not super convinced that market will go in a free fall. Even though anything is possible, there is a lot of support between 4150 and 4000. So, if we don't see some circuit breaking 5% down moves next week, it is very likely that the correction is on its last legs. However, breaking 4216.45 will also mean that the motive wave is over, and wave 4 count is invalidated. Instead, the macro will count as a diagonal ABC move for primary wave 3 with C leg to the upside following the current correction. And just like a motive wave 3, a C wave of diagonal wave ABC will also be quite strong. It might take SPX to close to 6000 in short few months. So, either we will see a waterfall down to 3k or a melt up to 6k starting in the next couple of weeks. It will mean fast reflexes and market buys and sells to keep up.
SP:SPX
by mukit1
Lithium stocks extremely oversold on weekly and Has bullish DivsLithium stocks in extreme oversold spots right now, these stocks like "LAC" in my opinion is very good long-term hold with at least 400% - 560% gains in upcoming year or two. You rarely see anything as cheap as this, possible we will never see these lows again in our life times. When stocks like TSLA and other Electronics will rise Lithium stocks will skyrocket. I expect the bigger moves begin when the weather will start to get warmer as of now the EVs having trouble with their batteries dying because of the cold, this will issue will disapear in big part of the world at spring. ------------- "Lithium" is a chemical element known for its use in rechargeable batteries, particularly in electric vehicles (EVs) and electronics. Its high energy density and lightweight properties make it crucial for the advancement of battery technology. ------------ Investing in lithium stocks at extreme lows could be worthwhile for several reasons: Long-term Growth Potential: The demand for lithium is expected to surge as the shift towards clean energy and electric vehicles accelerates. This long-term growth potential could make lithium stocks attractive at low prices. Supply and Demand Dynamics: Despite fluctuations, there's a general consensus that the demand for lithium will outpace supply in the coming years. This could drive prices up and benefit companies involved in lithium production and exploration. Diversification: Including lithium stocks in a diversified investment portfolio can offer exposure to the rapidly growing electric vehicle market and the broader renewable energy sector. Technological Advancements: Ongoing research and technological advancements in battery technology could further increase the demand for lithium, potentially benefiting lithium producers and related stocks.
NYSE:LACLong
by Achilly
2
MCDOWELL-N: Riding the Upward Wave! Analyzing for Potential GainHello traders, Following the positive response to last week's study on AARTIIND , let's delve into another promising stock: NSE:MCDOWELL_N (United Spirits). 📈 Uptrend Observation: MCDOWELL-N has been exhibiting a consistent upward trajectory, bouncing off demand zones and charting higher. ⚖️ Strategic Entry Points: Anticipating potential upward movements, especially as it tests the demand zone below the CMP (Current Market Price). 💹 Derivative Trading: Derivative traders, consider the 1100CE option for liquidity. Monitor spot prices and buy the premium at opportune moments. 📅 February Forecast: With heightened volatility expected in February due to budget considerations, a watchful eye on market dynamics is crucial. 🧐 Trade Caution: Remember, my analysis is a guide, not a directive. Conduct thorough research before making any trading decisions. 📌 TradingView Wisdom: As TradingView says, "Look first, then leap." 🙏 Thank You: Grateful for your support! See you in the next post. Best regards, Alpha Trading Station
NSE:UNITDSPRLong
by AlphaTradingStation
📊 Pinterest (PINS) Trade Analysis - Partnerships and Growth! 🚀📊 Technical Overview: NYSE:PINS : Pinterest, a visual discovery platform. Key Levels: $34.80, $35.50, $50.00, $52.00. 📈 Trade Analysis: Partnerships: Collaborations with Adobe, Salesforce, and Amazon. API Revenue: API product contributing nearly 30% of Pinterest's revenue. AI Growth: Explosive growth fueled by AI. Amazon Deal: Anticipation for meaningful revenue from Amazon deal in 2024. Bullish Sentiment: Positive outlook on Pinterest. 🚀 Trade Strategy: Entry: Above $34.80-$35.50 range. Upside Target: $50.00-$52.00. Bullish Outlook: AI-driven growth and strategic partnerships. 📉📈 Note: Stay updated on Pinterest's growth and partnerships for trade decisions. 🔄💹 #Pinterest #TradeAnalysis #StockMarket 📊🚀
NYSE:PINSLong
by Richtv_official
Meta: Reached the Destination 📍✅Meta has reached our (now greyed our) Zone and started a pullback. We primarily expect the magenta-colored wave (iii) have already reached its high. Accordingly, we currently see the stock in a correction of the same-colored wave (iv), which should ideally push the price back towards the round $400 mark. According to our alternative scenario (38%), it would possible that the stock immentily rises. However, this scenario would merely shift the top of the wave alt. (iii) in magenta, which is why we expect another countermovement to the south afterwards before we can move on to the final stage of the green wave (1). As soon as the high of wave (1) in green could is set, we are preparing for a more extensive wave (2) correction.
NASDAQ:META
by MarketIntel
📈 Tata Steel: Bouncing Off Support and Eyeing New Highs! 🚀Hello traders! Today, let's dive into $NSE:TATASTEEL. Here's the breakdown: 📉 Support Bounce: Tata Steel has recently touched its support at Rs.132 and is now making a move upward. 📈 Targeting ₹140: The current trajectory suggests a push towards the near-term profit target of ₹140. 💹 Derivative Opportunity: For derivative traders, considering the 130 call option could be a strategic move. ✨ Potential Upside: With good support, there's a chance for Tata Steel to soar higher. Keep a close watch for further developments. 🔄 Dynamic Market: Always remember, the market is dynamic, and these are observations. Conduct your analysis before making any trading decisions. 🤔 Your Take: How do you interpret Tata Steel's movement? Share your insights in the comments! 📌 Stay Updated: Let's navigate these markets together. Stay tuned for more posts and updates! Best regards, Alpha Trading Station
NSE:TATASTEELLong
by AlphaTradingStation
RCL.N0000 - Strong resistance levelsThere are two areas for RCL that will act as strong resistance levels. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:RCL.N0000Long
by rukshan2102