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Stem, Inc.

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STEM trade ideas

Pre-Earnings BreakoutNYSE:STEM Looking at the downtrend line for STEM you will notice we have connected four touch points. Today the price action signaled a breakout above the trend line. Second Image: In the 'Second Image' we added the 50DMA and notice that yesterday 11Jul24 the stock closed above the 50DMA for the first time in 150 Days. Entry Level: $1.33 Stop Loss: $1.20 Third Image (Gap 2 May 2024): Profit Target 1: $1.78 gap from 2 May 2024 Moving Stop Loss: $1.30 after hitting target one and taking 50-75% in profits. Profit Target 2: $2.00 Happy Trading.
NYSE:STEMLong
by johnwicksaidso93z7xy
Tight Consolidation in StemClean-energy stocks have been one of the strongest parts of the market lately, and today’s chart focuses on a new battery-tech name: Stem. The first pattern is the quick uptrend in late summer, fueled by the Inflation Reduction Act and strong quarterly results on August 4. STEM halted at the December low of $16.76 and bounced twice around $13.60. The result is a potentially bullish “W” continuation pattern. Will traders expect more upside if the recent high is broken? Next, the 50-day simple moving average (SMA) rose above the 200-day SMA last week. That “golden cross” may suggest its longer-term trend is getting more bullish. Finally, MACD could be trying to turn positive again. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:STEM
by TradeStation
STEM (Long) - boosted by the energy bill, lovely technical setupFundamentals: - in the near term, the market seems to have found a temporary area of consolidation; that gives the trade enough time to develop - the company is focused on the storage of renewable energy , thus it is a recipient of the US Inflation Reduction Act , which will substantially subsidise renewable energy companies - Although it may seem like a no-revenue growth stock, the firm actually has a P/E of 24 - the whole renewable energy sector has been one of the strongest sectors in the market Technicals: - are just beautiful - a rounding bottom reversal on the weekly; the breakout came on the day of the bill being passed (the fundamental reason behind a breakout always gives the trade more validity) - Weekly RSI around 60 and breaking higher. The stock also broke through the weekly 50SMA - The stock's relative strength against the S&P is just straight up and to the right - Bull flag (or wedge or whatever you want to call it) after the breakout, a clear sign of consolidation; a continuation pattern Trade: - I found an entry at $16 (black line) as that level represents strong resistance from the upper side, and we broke it yesterday right at the close. However, the trade is still very much open to an entry; you wouldn't be chasing at this level - Stop loss is tricky because the optimal stop loss (red line) is a bit too far away (14%). One way to play it is to use the $16 as a stop loss, though you risk a lot of whipsaws. - The first profit target I found is the green line (25%) Caveats: - Market turns to the downside and drags this sector with it - Inflation numbers are coming out on Tuesday; if we get a larger-than-expected number, probably leave the trade right away Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like and a comment, it motivates me to keep producing the ideas, thank you
NYSE:STEMLong
by jurajholik
STEM - Adam & Eve breakup A strong breakup last Friday that propelled it above the 200 days moving average now. Any near term dip will be a lower risk opportunity to long (with stop loss just slightly below the neckline @ 12.30). Could face some resistances around 16.50 and if it managed to surpass this level eventually, than $19 - $20 is possible. p/s Biotech and pharma stocks have been breaking up lately! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:STEMLong
by Juliac