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NZ50G trade ideas

Macro Quarterly Chart of NZ50G (NZX50)Big picture view of NZX 50 Index NZ50G Quarterly Chart Basic Elliott Wave - 8 wave structure shown... with where I think we are now We appear to be in a long term 5 wave trending move higher Currently within a choppy wave 4 structure that is near completion of a triangle pattern Triangle patterns are typically Wave 4's and lead to continuation of the trend that proceeded it Therefore its quite likely we will base out somewhere around the 11,000 point mark (Currently at 12,116) before finding some support and moving higher I suspect this could lead to a large 30-50% move higher, but then expect things to get choppy and sideways for a number of years... as its going to take a lot of time to correct this 15 year trend, at least 5 years... Am looking for buy levels on some key levels on NZX stocks to start loading up long term multi year positions
TVC:NZ50G
by dionvuletich
NZX50It would appear that we have entered into the buy territory on the New Zealand NZX50 index. Price action is getting close to its long term support line. That is not to say this index will be up next week or anything. Just that for a long term investment, according to the chart technical analysis, we are in the territory to be buying shares up. Selling shares is for when Price action is near the long term resistance line. Historically speaking, anytime price is below the blue line it is in a good spot to be buying. Good luck Investors.
TVC:NZ50GLong
by axlmayhem87
NZX to end 2022 with strong headwindsNew Zealand's stock exchange (NZX) could be facing strong headwinds toward the end of 2022 as third-quarter inflation figures suggest an 75-basis-points hike in the central bank's Official Cash Rate (OCR) in November. In anticipation of the Reserve Bank rate decision earlier in October, the S&P/NZX 50 fell 106.3 points or -1% to 10,959.71. A similar scenario could happen again in the lead up to the November rate decision. While the index, indeed, recovered following the announcement of the third-quarter inflation figures for the country, it was largely due to strong overnight rally in the US. However, It did not entirely dissipate concerns that a further interest rate hike is fast approaching, potentially adding uncertainty to an already volatile market. NZX's reaction to rate decisions and inflation figures Following the announcement of the third-quarter consumer price index for New Zealand, the S&P/NZX 50 index rose 61.4 points or +0.57% to 10,847.34. The strong overnight rally in the US helped offset the reveal of a marginal decline in inflation figure to 7.2% from 7.3%. The index fell 55.8 points, or -0.51%, to 10,817.23 in the lead up to the announcement of the inflation figure, proving that if not for the strong overnight rally, closing results for the index would have been very different as a still-high inflation number was expected to dampen sentiment and market activity. The inflation data has elicited expectations for a 75-basis-point hike in the official cash rate when the Reserve Bank of New Zealand makes it monetary policy decision in November. A hike above 50-basis-points is all but guaranteed. "If interest rates move higher, stock investors become more reluctant to bid up stock prices because the value of future earnings will look less attractive versus bonds that pay more competitive yields today," explained Rob Haworth, senior investment strategy director at U.S. Bank Wealth Management. "If higher rates are anticipated in the future, the present value of future earnings for stocks are reduced. If this occurs, it may put more pressure on stock prices," he added. Most sectors emerge as losers when interest rates are increased, except for some exceptions such as the financial sector. As such, the Finance is the NZX’s leading sector for the previous 3 months, racking up gains of +11.34%. Only three other sectors are in positive territory for this time period; Consumer No-Durables (+6.97%), Transportation (+2.74%) and Communications (+1.39%). What awaits the NZX? The further rate hike to 4.25% as almost a certainty at this point. At least two Reserve Bank committee members already expressed they are in favor of a 75-point rate increase. ASB Bank analysts are even expecting the upcoming rate hike to be followed by two more 50-point increases early in 2023 for an expected official cash rate peak 5.25%. Economists from the Australia and New Zealand Banking Group are joining the consensus for the rate hike in November and adds that a similar decision is anticipated in February 2023. "Both hikes are contingent on global financial markets keeping it together," said ANZ economist Finn Robinson and chief economist Sharon Zollner.
TVC:NZ50G
by BlackBull_Markets
Will the NZX have a positive 2022?Like many stock exchanges globally, the New Zealand stock exchange continues to emerge from the COVID-19 pandemic-induced trough of 2020, although volatility remains as the pandemic drags on and as markets face new challenges such as the ongoing geopolitical tensions in Europe. NZX had a lackluster year in 2021 The NZX 50 ended 2021 flat at 13,033.77, marginally down from 13,091.64 at the end of 2020 after nine consecutive years of growth. The capital market’s lackluster performance came as the New Zealand economy grew at a weaker-than-expected pace in 2021. Data from the NZX (NZE:NZX) showed that the total value of stocks traded last year fell 2.4% year over year to NZ$52.4 billion, significantly weaker than the 41.8% jump in 2020. Still attractive for IPOs However, the NZX remained appealing for initial public offerings and secondary listings in 2021, with the value of new capital listed and raised rising 12.1% to $19.8 billion. The bourse hosted the IPOs of nine new companies last year. In 2020, total capital raised from IPOs fell 5.5% to NZ$17.6 billion, with only eight new additions to the NZX. Last year, local meal kit home delivery service platform My Food Bag (NZE:MFB) launched the biggest IPO in the country in seven years, raising NZ$342 million and valuing the company at close to NZ$450 million. NZX, in its annual report, attributed the increase in the number of first-time listers last year to some changes that it carried out including reducing the complexity and costs of IPO applications. This year, New Zealand’s IPO pipeline is not looking as rosy as last year with no major rumors of a potential listing. Globally, the lingering pandemic and geopolitical shocks are expected to weigh on investor appetite for new listings, according to PwC’s 2022 outlook. However, the accounting firm noted that "optimism remains high that vaccines and other mitigation strategies can prevent widespread lockdowns, keeping equity markets steady and maintaining the environment many prospective companies seek when going public.” Higher volatility looms for 2022 Investors will have to buckle up for a wild ride this year as markets emerge from post-pandemic recovery and as central banks tighten their monetary policies in response to higher inflation. At home, the Reserve Bank of New Zealand expects the official cash rate to climb 2.5% in the next 12 months before peaking at 3.25% at 2023-end. Best stocks for NZX’s growth Despite market challenges, the NZX is poised to benefit from the strong performance of some high-performing stocks with stellar balance sheets, high profitability, and strong free cash flow generation. SKY Network Television (NZE:SKT) is among the best performers on the NZX. The stock bounced strongly in the first quarter of 2022, surging 56% over the past year as of Wednesday. The broadcast company recorded better-than-expected earnings in the six months ended Dec. 31, driven by strong customer growth after the company offered promotions during COVID-19 lockdowns. Steel Tube (NZSE:STU) is another growth driver for the NZX as the company cashed in on higher steel prices despite supply chain pressures, with its recent half-year profit tripling. EBOS Group (NZE:EBO), whose shares surged to an all-time high in January, is also off to a good year as the healthcare company posted another record first half recently owing to its diversified portfolio of healthcare and animal care products. The NZX may also see a boost from other high-performing stocks including fuel distributor Z Energy (NZE:ZEL), logistics firm Mainfreight (NZE:MFT), utilities firm Contact Energy (NZE:CEN) and renewable energy company Infratil (NZE:IFT).
TVC:NZ50G
by BlackBull_Markets
NZ stock marketI don't have access to the NZ stock market but looks like a massive bubble. Trying to guess the top here is a fun project. Currently the market is smiling at us. - Double top with a lower high. If the US stock market runs out of steam in the short term I believe that it could pop the NZ stock bubble. idea would be to short with a stop sell order once the price drops below the recent weekly reversal candle, because price action is suggesting we are getting rejected from moving any higher. If price moves higher than the previous week then idea invalidated.
TVC:NZ50GShort
by rjtchch