APD - a stalwart trending up -- LONG @ 321.97APD (not to be confused with ADP) is in the midst of a pullback in a strong uptrend. The white lines mark 6 month highs and lows, and the 6 month Trend Strength Indicator is at .88 (0-1 scale) and has been in that vicinity since August.
It's also a top 20 (top 3%) big cap composite score stock for me, reflecting a robust backtest history (almost 1900 trades going back to 1968), solid outperformance (.11%/day held), quick turnaround on trades (13 days avg - that's really solid for a stock with that many trades that cover whole market meltdown periods), and low trading system max drawdown (worst is < 9% since 1968).
It can get streaky and go down for a couple of weeks at a time and has done so twice in the last 6 months, so it's definitely an average in type of trade. Full disclosure, this is a hypothetical trade for me - my portfolio is full of petulant stocks that don't want to go up right now so I'm capped. But a daily return on almost 1900 trades going back over 50 years that's almost 3x the S&P's long term daily average is worth sharing.
In theory, per my usual strategy, l add at the close on any day it is still oversold and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
P.S. The chart should look better than that but for some reason, what it looks like when I hit publish and what shows up after I do haven't always been the same lately, for some reason.
APCD trade ideas
APD May be ready for a reversal.Technical Indicators Breakdown
Relative Strength Index (RSI):
At 24.99, the RSI confirms oversold conditions, hinting at a possible short-term reversal. Historically, RSI below 30 often precedes upward corrections, but confirmation from price action is crucial.
Stochastic Oscillator (%K and %D):
With %K at 4.66, APD's stochastic oscillator is in extreme oversold territory. A crossover between %K and %D could act as the first signal for a potential upward move.
Moving Averages:
200-Day SMA: Currently at $277.53, this level provides critical support.
Shorter Averages: 10, 20, and 50-day moving averages are trending downward, signaling persistent bearish momentum.
Pivot Points:
Immediate Resistance (R1): $324.19.
Support Levels: Closest support lies at $289.59 (S2 on Fibonacci pivot), followed by a deeper support at $254.98.
Volume & Momentum:
Recent volume indicates decreasing selling pressure, suggesting a possible exhaustion of the downtrend. However, momentum remains negative (-23.07), so bulls need to wait for a confirmed reversal.
Trade Strategy
1. Long Scenario:
Trigger: Go long if the price breaks above $300, a psychological level coinciding with the 9-day Hull Moving Average at $289.83.
Target 1: $318 (50-day SMA).
Target 2: $345 (R2 Fibonacci Pivot).
Stop Loss: Place a stop-loss at $277 to limit downside risk.
2. Short Scenario:
Trigger: Short if the price closes below $290, breaching the Fibonacci pivot support.
Target 1: $277 (200-day SMA).
Target 2: $254 (S3 on Pivot Levels).
Stop Loss: Use $305 as a stop-loss to minimize losses in case of a false breakdown.
Price Prediction
Bullish Case: If APD can reclaim $300 and sustain buying momentum, expect a recovery toward $352.95 (+20.23%) over the next 6-12 months, with upside potentially stretching to $395.00 (+34.56%) if broader market conditions turn favorable.
Bearish Case: Failure to hold above $290 could trigger a deeper correction to $254, representing a downside of nearly 15%.
Final Verdict
While APD appears ripe for a short-term bounce, the overall bearish sentiment and downward trend require traders to tread cautiously. Conservative traders may prefer to wait for a confirmed break above $300 before initiating long positions. Conversely, aggressive traders might capitalize on a breakdown below $290 for short-term gains. Stay vigilant about upcoming earnings and macroeconomic events that could shift momentum.
Air Products Pulls BackAir Products & Chemicals jumped last month. Now some traders may see opportunities in its recent pullback.
The first pattern on today’s chart is the bullish gap on October 7 amid reports that activist investor Mantle Ridge had taken a stake. The provider of industrial gases continued upward and made an all-time high two weeks later.
It then pulled back to hold roughly $302. That level was the peak on September 27 and near the low on October 7. Has old resistance become new support?
Next, prices are trying to stabilize at the 21-day exponential moving average. That may suggest its direction is still pointing higher.
Finally, stochastics have turned up from an oversold condition.
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APD - Air Products and Chemicals Possible Cup and Handle.Air Products and Chemicals is Printing a Possible Cup and Handle Pattern which is Bullish.
By switching to a simple Line Chart reveals the possible pattern.
Doing this helps me to remove some Candle Clutter and see the bigger picture.
Failure to complete the Handle part will Invalidate the Pattern.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
APD Long Investment Conservative Trend Trade Conservative Trend Trade 5F
+ long impulse
+ SOS bar
Calculated affordable stop loss
1 to 2 R/R below 1/2 monthly zone
Monthly chart context
+ long impulse
+ biggest volume T2 level
+ biggest volume manipulation
Start building position, will add more after there's a set up on inferior timeframe.
Sigh of relief (Q2 2024 Earnings)NYSE:APD released its Q2 results yesterday. I had bought earlier in the week betting on a technical reversal. Share price tanked in market hours trading and I was mentally prepared to cut my losses. However, today, share price is currently trading in the green and affirms my previous bullish thesis. Upside momentum is sustained and volume is healthy.
Will watch for future developments.
APD, SOMETHING ABOUT AIR AND PD (EARNINGS SERIES)I have no idea what this is.
All technicals
They look good into earnings.
Potential to see a breakout under the tiny trend, and catch support at the tiny trend just under that one. It can easily breakout of the downtrend on earnings, and the projection to the upside is pretty decent.
Worth looking into if you play earnings. Especially if it starts to hit price targets and trends.
Stocks pairs trading: DD vs APDAnalyzing the financial metrics and market dynamics of DuPont de Nemours, Inc. (DD) and Air Products and Chemicals, Inc. (APD) provides valuable insights for investors evaluating their investment portfolios.
Reasons to Consider Buying DD Over APD:
P/E Ratio: DD's P/E ratio of 6.45 is markedly lower than APD's P/E of 25.08, indicating that DD may be undervalued relative to APD, making it a more attractive investment from an earnings perspective.
Market Capitalization and Income: DD, with a market capitalization of $26.82B and an income of $4.60B, shows strong profitability. In comparison, APD, with a higher market cap of $57.37B but a lower income of $2.29B, suggests DD operates more efficiently in generating profit relative to its size.
Reasons to Consider Selling APD Over DD:
Recent Performance and Volatility: APD's recent performance has shown a decline over the year (-18.85%), which might indicate operational challenges or market skepticism. Additionally, APD's higher volatility in stock price movement compared to DD suggests a riskier investment.
Financial Health and Valuation: APD's high P/E ratio suggests it might be overvalued, especially in light of its recent performance declines and the current market volatility. Meanwhile, DD's lower P/E ratio, combined with a solid income and a stable dividend, positions it as a potentially safer investment.
Decision:
Buy 4 DD: With its significantly lower P/E ratio, substantial income, and a reasonable dividend yield, DD appears as a potentially undervalued investment offering both stability and growth prospects.
Sell 1 APD: Considering APD's higher valuation, recent negative performance trend, and the operational challenges highlighted by its financial metrics, it may present a higher risk compared to DD.
ELVIt one of the best fundamental and technical stocks I see.
with 20 years of good performance
amazing year-to-year increase in the last 8 years they almost triple their eps with 8.85 at 2014 to 25.98 at 2022
they also almost double their revenue with 73b at 2014 and 140 at 2021
-she almost doubles their division dividend
-debt to equity and debt to total assets in decreasing from 2014 until now (very good results)
-they increase their net profit percent so it can present on good aspect
-
- problem: their net profit is very low only 5%
APD downtrend SHORTnow everyone is looking at the price of gas, however, I assume that the cost of APD will be 242 by the beginning of January, and in March it will be below 200. If we look at the chart, starting from November 2020, APD has a downward trend. tops down, lows down. Resistance at 290, support at 240, when we break 240 there will be a very strong drop to 200, I suggest breaking 180, support at 155.
If the schedule includes not only technical analysis, but also the economic situation in the industry. In order to produce something, demand is needed, if there is none, then the price goes down.
APD: major supportTh price action remains above its 200-week simple moving average.
Furthermore, a price action above 248.50 supports a bullish trend direction.
Further bullish trend support above 250.00.
Consolidation price range from 251.00 to 256.50.
Crossing above 256.50 (200-day), might target 264.50 as the next target.
Remains a very risky trade.
APD, We watch this nice short setup for Entry Triggers!APD is presenting a nice short setup !
APD is most likely is inside wave 5 of 3 or C and also most probably has completed wave 1 and 2 of this mentioned wave 5 ( shown as V in chart) and currently is in wave 3 of 5. What all these means? Meaning is a decline down to first and probably second target shown on the chart is on the way.
In spite of nice short setup in terms of Elliott waves , chart has not yet offered safe entry triggers . I offered two entry triggers and stop losses on the chart . Depending on personality and amount of risk acceptance , you can choose between them.
First (207-209) and second (167-175) targets have also been shown on the chart. It is worth to note these targets has been obtained by concepts of price action and static supports however, they coincide nicely with Fibonacci levels related to wave 5 targets.
Please keep in mind that trade above what has been offered as stop loss before fulfilling our trigger and entry conditions will change trade set up therefore, as always, we will trade smart and safe. Don't we?
Good luck everybody and wish you profits.
APDHello guys
According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target.
You should take signal at first then dont forget use stop loss and observe to your capital management.
Take a look on volume guys dont forget to check it, And dont forget to risk free and manage your position.
Everything is shown on chart, If you have question send us messages
Good Luck
Abtin
APD at breakout level: old industrial with dividends, 2022 hodlPlotted are three different fib series of 3 different waves.
It is the confluence zones that are of most interest to us.
Currently well below pre-Covid highs, so LOT of room up.
$ 232.22-233.28 is the KEY resistance to break and hold.
$ 246.02-247.32 is the next Minor resistance for first stop.
$ 266.64-271.73 is the MAJOR resistance for taking profit.
APD holdAdjusted P/E is a little expensive right now (29.64 v. 30 norm 5Y and 23 Norm 10Y).
With yield theory, it's at the yield that it was at in 2016, which is attractive.
With OCF, it's at fair value with Blended P/OCF 18 vs. 5Y 17.97.
OCF growth rate 7.6%. Earnings growth rate 10%.
It's perfectly fine. DOW and CC might look better. Bottom of the channel is a solid spot to add.