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Stonksignaler

Amgen might move down soon according to the RSI....I have changed up how to best display projected movement. In the case of AMGN triggered a SELL on my RSI algorithm on March 19, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NASDAQ:AMGNShort
by StockSignaler
JMIA may be due for bullish boost according to 6 algorithmsI have changed up how to best display projected movement. In the case of JMIA, 6 of my algorithms signaled a BUY on March 19, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Hourly chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:JMIALong
by StockSignaler
1
Short-Term Drop For LKQ?Five of our algorithms point to near-term declines for LKQ on the hourly chart. Our first algorithm (version 1) has identified this event 23 times. All 23 times the stock has dropped at least 1% over the next few days. It has dropped as much as 3% more than half the time. We are projecting slight movement up which should last no more than 2 full trading days before the decline could start. This is based on historical action of this stock when all 5 algorithms are signaled.
NASDAQ:LKQShort
by StockSignaler
1
Will Lakeland Financial Join The Market Drop?The teetering market likely has more red in the immediate future before Spring's official arrival. 5 of our algorithms signaled decline in the near term for Lakeland Financial. Like most signals, they are not obeyed immediately. But this is great for those in the options market looking for potential deals. This stock has continued to move up and has widen the gap between where it is and where it likely will be soon. The near-term top is likely in, maybe a day or two more that it rises at most. This could be a great setup for a drop. Our second iteration of our Buy Sell Now algorithm triggered. So far, it has always resulted in a 3% decline from the closing signal price over the following 35 trading days. The stock has yet to decline an iota below the closing signal price of 68.35 from March 2. There are two possibilities. This streak of perfection for this algorithm has come to an end (it is bound to happen). Or, there is plenty of time for the historical decline. This could be a great opportunity for the options market. Of all 5 algorithms, the median decline from the signal price is 5.8%. That puts a firm target bottom around 64.39. Based on Friday's close of 72.48, the stock could be set to fall a staggering 11% soon. Obviously historical data may not represent itself but it is always good to have more information when making decisions. Let me know what you think. The full targets, analysis, and additional information is located in the full article in the website in my signature block.
NASDAQ:LKFNShort
by StockSignaler
Genpact Set To Rise Soon?Genpact is the latest stock to flash the Precise Signal. This time it is a buy indicator. Genpact Limited signaled a BUY on March 2 and proceeded to drop lower as expected. It dropped lower than normal, but it is back up near its signal price. The consensus targets are plotted on this chart. Most have the targets above $45. The interesting part is it tends to take longer for the top to be reached for this stock. Right now, it looks like $45 might not be hit until April. Based on the how the market is teetering and I personally opine it will drop much lower soon, the best entry point for this stock may be over a week away. April call options right now are fairly cheap. My guess is they get cheaper over the next week setting up a nice position if everything moves as expected. The Precise Signal is occurred on the daily chart 5 times for this stock. All 5 so far have resulted in the stock moving up at least 5% from the closing signal price. In this instance, the stock closed at 41.74 on March 2. 5% above this price is $43.82. The stock dropped to $39.32 days after the signal. A move from this low to $43.82 is an 11% gain. A move to $45 from that low would be a gain of 14%. Like I mentioned, the market is rocky and should continue for a bit. The close on Friday was at 41.41 and I expect it to drop again before charging above $45. Sit back and get ready to pounce on this potential opportunity. For full analysis check out the article for free at the website in my signature block.
NYSE:GLong
by StockSignaler
American Express is about to join the trend of large selloff.More sell signals on the daily chart. This time there were many over the past few days for American Express. I was hesitant to call this one a sell after its activity on Friday, but the historical statistics agreed there is plenty more downside. This downside coupled with multiple agreements throughout the rest of the U.S. overbought markets further helped convince me the SELL signals from Friday's close are still valid. I have plotted all of the potential delays to the actual sell off followed by the potential target bottoms. All of these targets and days are based off of historical median and average price action when each signal triggers a SELL on the Daily chart. I received many major SELLs on Friday which is quite the confluence of future activities. I selected NOK, CAT, and AXP as there was a large amount of agreement across the timeframes. Last week was rough and preceded by a bearish MACD cross on the S&P 500 index. All of these signals taken together could spell a 20% correction in the near future. I can understand parallel sell signals in the defense and industrial equipment sectors, but the inclusion of AXP makes me think the market is about to get dropped quite a few pegs. Based on our more recent 5-10-20% drops, this one could be quick and preceded by the same unorthodox recoveries. The historical figures and reasons for each target are posted as always on my website in the signature block. Feel free to follow as we post new articles nearly everyday.
NYSE:AXPShort
by StockSignaler
3
Is something about to happen in the Defense Industry?The algorithms, specifically, the Precise Signal is at it again. The signal is a SELL for Northrup Grumman. Historically, the Precise Signal indicating a SELL sees the stock move down an average of 10%. In fact the minimal drop for this signal with NOC is 7%. Considering Friday saw the stock drop 3% off its high, another 7% (or more) would be huge. My MTFs also signaled SELLs, but since the Precise is built off of them this a not a surprise. For you technical junkies, the full analysis with each target is at my site for free as always
NYSE:NOCShort
by StockSignaler
6
Another decliner set to drop 5% from recent signal close priceMYRG signaled a SELL upon closing the first bar on the 3 hour chart on February 25, 2021. SELL was signaled on five of our algorithms which has never occurred before. In fact the SAG and MTF have never signaled SELL at the same time for this equity on the 3 hour chart either. I have drawn the potential movement lines. As I mention, the signal can be premature and the stock might still rise before it finally falls. I have mapped out all of the potential movement paths with final target bottoms. The average delay is 3-5 bars, but the very next bar after the signal saw the stock climb to the reversal zone and the stock may not actually move above 61.00 until it drops below 57.00 or even 56.00. The full free analysis is on my site in the signature block below.
NASDAQ:MYRGShort
by StockSignaler
Will FTNT drop over next week?FTNT has been charging hard this month, but a cooling off period may be in front of us. Six of my algorithms triggered a SELL at the close of the opening bar yesterday. All six signals have never simultaneously signaled SELL at the same time. The last time Algorithm 2 (Buy-Sell-Now-v2) signaled on the FTNT 3 hour chart was 2010. Like most of my algorithms, they do not identify immediate price reversal. In the current case, the expected delay is between 3 and 4 bars after the signal from yesterday. This means we could see a near-term top this morning. There are two major pockets of tops my programs have found. Even though these are confluence areas, the tops could occur at other price levels. Pocket 1 is around 171.00 and the second area is around 171.60. After the initial moves up, I am looking at a decline over the next week. A majority of the modeled declines have the bottom around March 1 (in fact most are pointing to the first 3 hours of March 1). There are also two target price pockets for this decline. A majority are around 163.00 and the other is 160.30. The full analysis and statistics are available for free on my website as usual. Let me know what you think and thanks for reading.
NASDAQ:FTNTShort
by StockSignaler
Can AGCO rise another 3%At Friday's opening, AGCO rose significantly. By the close of the first two hour bar that morning, 4 of my trading algorithms signaled BUY. Normally such quick movement would trigger a SELL. After studying this event and the algorithms, it looks like squeezing a few more percent out of this rise is possible. The rarest of my triggers is the Precise signal but it has the strongest accuracy rate of all my algorithms. When all 4 of these trigger a BUY at the same time, the stock has always risen. The smallest rise when all 4 trigger is 0.796% and that occurred on the very next bar. The stock then dropped 4% afterward. The average and median gain from this point are above 3.2% from the closing price causing the BUY signal. Most of the time, the stock briefly drops 0.7% before completing its 3% gain. The typical period of this delay in upward price movement is likely over and the stock did not drop the full 0.7%. So the question is where does it go from here? In the short-term, it should climb above $128 which is still a significant move. I have plotted all of the models on this chart to include the bounce down and their target tops. Let me know what you think
NYSE:AGCOLong
by StockSignaler
KO Set To Move Up Before DownI am back to conducting full studies based on all my algorithms. At the close yesterday, KO signaled Sell on my Precise Signal. This is great news as this algorithm is highly accurate and finding price reversals. Particularly, this has found reversal points on 10 of 11 occasions specific to the Daily chart for KO and the determination of a SELL point. I have the full analysis and explanation of all the target price points on my site as usual. I see it moving up over the next 2 to 4 days as displayed and then down over the next few weeks. I am looking for around a 6% drop from the top which is likely close to 51.00. Let me know what you think.
NYSE:KOShort
by StockSignaler
3