Long | ENTGNASDAQ:ENTG
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong100%
^New uptrend started
ENTG trade ideas
$ENTG Ready to Break-out?$ENTG has been consolidating (although volatile) nicely since the earnings pop. Looks like a nice wedging pattern here. I have an entry trigger over $70.00 in a good market with a push in volume. You might like to put this on your watch list too. Ideas, not investing / trading advice.
ENTERGRIS Course DailyHey my friends, ENTERGRIS is in a bullish movement with a low buying volume and we see two wicks of which the largest is that of the sellers. The TIMEFRAME 1Min we observe a bull line which tells us that the stock is ready to go up. Great possibility of breaking the median to go to the last precedent above. See on the 15 min then aim for the next high, then go to the next Daily high and a lower return.
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ENTG, price moved above its 50-day Moving Average on Sep 24, 20This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 40 similar cases, and 33 were successful. Based on this data, the odds of success are 83%. Current price $69.56 crossed the resistance line at $62.56 and is trading between $69.57 resistance and $62.56 resistance lines. Throughout the month of 08/24/20 - 09/24/20, the price experienced a -2% Downtrend, while the week of 09/17/20 - 09/24/20 shows a +0.13% Uptrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 50 cases where ENTG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Momentum Indicator moved above the 0 level on September 21, 2020. You may want to consider a long position or call options on ENTG as a result. Tickeron A.I. shows that in 69 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%.
The Moving Average Convergence Divergence (MACD) for ENTG just turned positive on September 24, 2020. Looking at past instances where ENTG's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 32 of 48 cases over the following month. The odds of a continued upward trend are 67%.
Following a +0.77% 3-day Advance, the price is estimated to grow further. Considering data from situations where ENTG advanced for three days, Tickeron A.I. shows that in 270 of 373 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
ENTG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
$ENTG Entegris Inverse H&S Breakout
Company profile
Entegris, Inc. engages in the development, manufacture, and supply of specialty materials for microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM); Advanced Materials Handling (AMH); and Microcontamination Control (MC). The SCEM segment provides purity process chemistries, gases, and materials and delivery systems to support semiconductor and other advance manufacturing processes. The AMH segment develops solutions to monitor, protect, transport, and deliver critical liquid chemistries and substrates for a broad set of applications in the semiconductor industry and other high-technology industries. The MC segment offers solutions to purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries. The company was founded in 1966 and is headquartered in Billerica, MA.
$ENTG Long Entegris Inc into earnings. Entry level $49 Target price $52.50 = Stop loss $47
Well defined channel has formed and a possibility of some symmetry playing out.
Mid channel has acted as support on oct 9th which may indicate the next touch is to the top of the channel.
P/E ratio 23
Short interest 4.8%
Company profile
Entegris, Inc. engages in the development, manufacture, and supply of specialty materials for microelectronics industry. It operates through the following business segments: Specialty Chemicals and Engineered Materials (SCEM); Advanced Materials Handling (AMH); and Microcontamination Control (MC). The SCEM segment provides purity process chemistries, gases, and materials and delivery systems to support semiconductor and other advance manufacturing processes. The AMH segment develops solutions to monitor, protect, transport, and deliver critical liquid chemistries and substrates for a broad set of applications in the semiconductor industry and other high-technology industries. The MC segment offers solutions to purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries. The company was founded in 1966 and is headquartered in Billerica, MA.
