SPXC SPX Technologies NDI d like to see some retracement here and then get into a buy.
trade at own risk, this is not a trade call.
peace
if you like it levae a comment or like
SPXC trade ideas
Divergence on the daily MACD and sideway ChannelThe reversal sign should start to see the same movement unless the market dictates otherwise; I would be comfortable with the same movement.
SPX Technologies, Inc.
Uptrend: SPXC has been in a clear uptrend, making higher highs and higher lows from late 2023 into mid-2024.
Middle Band (20-day moving average): The stock recently found support around the middle band (20-day MA), indicating that buyers are stepping in at this level.
Recent trading volume appears to be decreasing, suggesting that the strength of the recovery may need additional volume for confirmation.
Support: There appears to be a key support level around $140, which was tested during the recent pullback in late August.
Resistance: The recent high around $165 (early September) acts as a resistance level. The stock will need to break through this to continue its uptrend.
Bullish case: If SPXC can sustain above the $150 level and break through the $165 resistance, it could continue its upward trajectory.
Bearish case: A drop below the $140 support level could lead to further downside, potentially to the lower Bollinger Band around $130.
SPXC, MACD Histogram just turned positiveThis is a Bullish indicator signaling SPXC's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I.dvisor identified 49 similar cases where SPXC's MACD histogram became positive, and 38 of them led to successful outcomes. Odds of Success: 78%. Current price $56.34 is above $54.72 the highest support line found by Tickeron A.I. Throughout the month of 01/20/21 - 02/22/21, the price experienced a -4% Downtrend, while the week of 02/12/21 - 02/22/21 shows a +3% Uptrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 10, 2021. You may want to consider a long position or call options on SPXC as a result. Tickeron A.I. detected that in 63 of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for SPXC just turned positive on February 22, 2021. Looking at past instances where SPXC's MACD turned positive, the stock continued to rise in 38 of 49 cases over the following month. The odds of a continued upward trend are 78%.
SPXC moved above its 50-day Moving Average on February 19, 2021 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for SPXC crossed bullishly above the 50-day moving average on February 22, 2021. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 76%.
Following a +4.86% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPXC advanced for three days, in 248 of 329 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
SPXC's RSI Oscillator climbs out of oversold territoryThe RSI Oscillator for SPXC moved out of oversold territory on September 14, 2020. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. Tickeron A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In 22 of the 26 cases the stock moved higher. This puts the odds of a move higher at 85%. Current price $42.63 crossed the resistance line at $42.51 and is trading between $46.20 support and $42.51 resistance lines. Throughout the month of 08/19/20 - 09/21/20, the price experienced a -3% Downtrend, while the week of 09/14/20 - 09/21/20 shows a +5% Uptrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 16, 2020. You may want to consider a long position or call options on SPXC as a result. Tickeron A.I. detected that in 76 of 97 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 SPXC just turned positive on September 17, 2020. Looking at past instances where SPXC's MACD turned positive, the stock continued to rise Tickeron AI shows that in 39 of 50 cases over the following month. The odds of a continued upward trend are 78%.
SPXC moved above its 50-day Moving Average on September 16, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +2.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPXC advanced for three days, in 241 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
SPXC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Igniting hammer with long tail above resistanceDISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
SPXC: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
SPX Crucial support at 28.62If this doesn't hold, say bye bye to a positive EOY. In my opinion, with the exponential gains of the #FANGS, GE downfall, trade frustrations, etc etc, it is a great time to short this right here. Pick your poison. GE short has done well for me so far, but don't fall in love with one chart and not see greater potential. AMZN and NFLX primed for disaster, among others. Mid caps fall faster than large caps in a downturn, generally. Keep that in mind. Happy shorting.
FB AMZN NFLX GOOG
