clean continuation on bullish stockhave to hold over the weekend
all higher tiemframes aligned, high liklihood of follow through
MOD trade ideas
$MOD strong classic reversal patternI like the reversal pattern of Modine. Excellent revenue and trending higher hugging closely to the 8EMA HIgh Lo lines. It broke out of resistence $96.17 the cup pattern and has yet to form a handle so it is a cup without handle pattern! LOL
Why I am shorting $MOD here - Jan 21 2024 trade ideaPrice reached the upper limit of the multi-months parallel channel.
Stock is overbought on pretty much all high time frames.
Modine Manufacturing has strong fundamentals and has been performing very well and beating expectations in the previous earnings, which is great but expectations are very high for the next earnings report on Jan 30.
Stock price went up too much too fast. More than exponential growth for this stock.
Important to note that 95+% of shares are held by institutions, which will only 'panic sell' if the company's earnings disappoint.
I opened a short via options with expiry mid-February.
MOD has potential BUY signal Modine Manufacturing Company provides engineered heat transfer systems and components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments.
It is a mid cap company with 2.1 bn $ market cap
The price of the stock is $40.7
52 week ranges from 15$. To 51.7$
With 51 mln Float
MOD has uptrending chart for the last year
Price went down from 51$ to 40$ over the past month.
Recent new the company introduced new heating product on October 16 and this couse this big 6% move upwards. But then as the global markets dropped last week the price of the stock followed the overall market direction. We have a decent support at $40 area by providing 10% profit for 3% risk which low of support.
MOD Entry, Volume, Target, StopEntry: with price above 49.60
Volume: with volume greater than 849.33k
Target: 53.30 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 49.61, 48.38 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
MOD: Bullish Flag, not confirmed (41%)MOD showing a bullish flag on the Weekly chart.
Not confirmed as of today
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5 by a light margin
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Post formed with volume
9- Descending volume during Flag forming
10- Ascending ATR, more volatility
Cons:
1- Figure is not confirmed
2- No break out yet
If confirmed, target price is 46,62$
Again, stay humble, have fun, make money!
MAAX!
Breakout Cup "Modine Manufacturing Company" buy about 28$Modine Manufacturing Company" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 28$ to confirm direction"
1% maximum size of your portofolio
MODINE MANUFACTURING CO (MOD) - Trend ContinuationMarket structure: Uptrend, Price respecting 50MA, 5 consecutive positive earning.
Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60.
Will enter on the next day open
Stop loss: 1 ATR below recent swing low at 14.70
Take profit: will trail accordingly
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
US Stock In Play: $MOD (Modine Manufacturing Inc)$MOD remains resilient within a bullish technical structure that was highlighted earlier this month, averting a potential correction that was experienced by the smaller-cap companies this morning. $MOD closed the earlier session at $14.28, an intraday gain of +2.29%.
First sign of bullish trend resumption for $MOD was signaled with a Bullish Reversal Hammer candlestick pattern on 20th November 2020, with a further continuation breakout on a week’s of consolidated price action on 15th December 2020.
At the current junction, immediate resistance for $MOD is clustered at $14.85 to $15 range. $MOD will be set to attain its 2 years high at $16.67 upon the clearance of the highlighted range.
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US Stock In Play: $MOD (Modine Manufacturing Inc)$MOD broke out of its 3 weeks consolidated range, trading beyond its $13 major resistance level with a pre-market open runaway gap pattern. It closed this morning at $13.47, representing a intraday gain of +6.40%, a similar breakout was also witnessed in $AMBA that was alerted yesterday.
$MOD first sign of bullish trend resumption was signaled with a Bullish Reversal Hammer candlestick pattern on 20th November 2020, with a further continuation breakout on a week's of consolidated price action on 15th December 2020. The cumulative % gain in this short term rally stance at +23.14%.
As $MOD is currently trading at its 52 weeks high, it is still a distant away from it's all time high (triple peak) established at $36 (180% away) in 1995-2005 period. The first major resistance to watch is at $17.
Modine Announces Share Repurchase Program!!!!MOD: Modine Manufacturing Company
2020-11-05 16:15:00
Modine Announces Share Repurchase Program
MOD going to breakout 7.00 longAfter good earnings, MOD accumulate for a month right under 7.00
Expect to breakout 7.00 and go to 8.00 and higher
Price Action & Psychology - Pullback, accumulationHello !
Key points :
Accumulation zone
Halfway retracement
Volume uptrend > volume downtrend
Currently, I feel like there's an accumulation going on. In fact, we have some clues that buyers were strong :
1) we see several spikes in volume
2) the bodies of the candlesticks grew wider the more the trend advanced
As you can see, we've had a little 1-candle pullback at first. Then, the trend resumed, the stock encountered a resistance (previous support on the left side) and pulled back halfway before accumulating.
Obviously, from a realistic point of view, the stock could go any way from here. But, as always, we're trying to stack the probabilities in our favor.
During the accumulation, the volume was relatively "normal", except for that spike I highlighted. The thing is, despite the high volume, the price didn't move. This tells us that sellers are not able to win the fight against buyers (since we're pulling back from an uptrend movement, buyers are still dominating).
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
Modine Announces Launch Of Authorized Contractor Program To BuilMOD: Modine Manufacturing Company
2020-04-27 07:00:00
Modine Announces Launch Of Authorized Contractor Program To Build And Support Long-Term Customer Relationships
I guess im the only one covering thisModine is almost a buy a never go long without confirmation and although there are multiple indicators positioning for an upward move this does till have potential to fall to the 9's. i will do 2 things from here, wait until earnings and until there is a breakout of the wedge.
Adding to MOD based on the fundamentals and technicals on MondayMOD is printing a bullish full-body candle over candle price bar on above average volume with my momentum/trending oscillators confirming the price move. I am adding to my long position on Monday using a limit order (GTC-BUY-LMT) @ 22.35. I will have two trailing stops (GTC-SELL-STP) @ 21.55 and 21.20 to protect my initial invested capital in case the stock does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from April 2017 - Nov. 2017.
