NFE trade ideas
NFE, Aroon Indicator entered an Uptrend on December 10, 2020.Over the last three days, Tickeron's A.I.dvisor has detected that NFE's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 115 similar cases, 102 of which were successful. Based on this data, the odds of success are 89%. Current price $52.46 is above $37.43 the highest resistance line found by Tickeron A.I. Throughout the month of 11/09/20 - 12/10/20, the price experienced a +48% Uptrend. During the week of 12/03/20 - 12/10/20, the stock enjoyed a +19% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 16, 2020. You may want to consider a long position or call options on NFE as a result. Tickeron A.I. detected that in 23 of 26 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 88%.
The Moving Average Convergence Divergence (MACD) for NFE just turned positive on November 19, 2020. Looking at past instances where NFE's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 9 of 12 cases over the following month. The odds of a continued upward trend are 75%.
NFE moved above its 50-day Moving Average on December 03, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +5.80% 3-day Advance, the price is estimated to grow further. Considering data from situations where NFE advanced for three days, in 106 of 117 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 102 of 115 cases where NFE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.
NFE:NASDAQ - NEW FORTRESS ENERGY - Gas Infrastructure & LogisticNFE is an integrated gas-to-power energy infrastructure company. It funds, builds, and operates natural gas infrastructure and logistics. Up around 500% since March lows I like the space they are in and looking at the nice and steady growth in the share price it seems others do as well. Worth a look.
NFE: A 5 wave down should be followed by a 3 wave correction. A looks done. Wait for B to complete before the A=C play.
