Powell Industries, Inc. stock trades under the ticker POWL & has shown recent bullishness that traders & investors should research further into for when market volatility subsides.
POWL stock closed at $41.35/share on 4/14/2023.
Powell Industries, Inc. POWL Stock’s Technical Performance Broken Down
Powell Industries, Inc. POWL Stock’s Technical Performance Over The Past Year
POWL Stock Price: $41.35
10 Day Moving Average: $40.89
50 Day Moving Average: $42.68
200 Day Moving Average: $31.02
RSI: 49.36
MACD: -0.406
On Friday, POWL stock completed a bullish MACD crossover, gaining +0.15% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average compared to the year prior, but their last week of candlesticks signals that there is uncertainty in the air about their value.
As such, it is wise to research into POWL stock now, while watching how it behaves around key support areas to figure out a more favorable entry for when markets become less volatile.
POWL stock has support at the $40.89 (10 day moving average), $40.36, $40.16 & $38.87/share price levels, with resistance at the $41.48, $42.63, $42.68 (50 day moving average) & $43.12/share price levels.
Powell Industries, Inc. POWL Stock As A Long-Term Investment
Long-term oriented investors will like POWL stocks 27.39 P/E (ttm) & 1.62 P/B (mrq).
SPY, the SPDR S&P 500 ETF added +0.23% over the past week as investors digested & reacted to earnings calls, CPI/PPI data & more, being less favorable than NASDAQ stocks for the week, but outperforming the small cap Russell 2000 index.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
While Friday’s spinning top candle’s open & closing prices stayed near the top of Thursday’s candle’s range, it remained inside of it, signaling hesitance among investors at the $415/share level.
Their RSI is closer to overbought than neutral, with some room to consolidate & cool off & their MACD looks poised to roll over bearishly in the near-term.
Trading volumes have been about average compared to the year prior for SPY & I’ll be watching their nearest support/resistance levels in the coming week for clues as to the S&P’s next moves.
SPY has support at the $410.48, $409.91 (10 day moving average) & $407.06/share price levels,with resistance at the $416.72, $422.50 & $426.37/share price levels.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their MACD crossed over bearishly mid-week & Friday’s spinning top candlestick is also similar to SPY’s, signaling investors are not certain about the $320/share price level on QQQ.
Their RSI is also above 60, with room to cool off in the near-term & their recent trading volumes have been about average compared to the year prior.
QQQ has support at the $317.86 (10 day moving average), $313.19 & $312.16/share price levels, which will be areas of interest to watch this week, with resistance overhead at the $321.63, $327.77 & $332.51/share price levels.
IWM, the iShares Russell 2000 ETF shed -0.13% over the past week, as investors were more interested in larger cap S&P 500 stocks & the tech heavy NASDAQ index last week.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
They remained in a tight range all week, trading at about average volume compared to the year prior.
Their RSI is neutral & MACD is still bullish, but beginning to signal a loss of steam, which will make seeing their reactions to support levels this week important for figuring out where the index goes next.
IWM has support at the $176.32 (10 day moving average), $175.83, $175.77 & 175.13/share price levels, with resistance at the $179.71 (200 day moving average), $179.78, $179.92 & $182.24/share (50 day moving average) price levels.
Let’s dive into some of the best & worst performing sectors & geo-locations based on this week’s technical performance rating data!
South Korea (KORU), U.S. Home Construction (ITB), United Kingdom (EWU) & Energy (ERX) Are All Bullishly Leading The Markets
KORU ETF – Direxion Daily South Korea Bull 3x Shares ETF’s Technical Performance Over The Past Year
Last week’s multiple gap up days have pushed their RSI to close to overbought conditions last week, with trading volumes being above average compared to the year prior.
Their MACD still looks strong, but with only 0.82% in the form of annual distribution for long-term share holders, it appears best to wait & see how they behave at support levels before entering or adding to a position (unless using options as insurance).
KORU has support at the $9.43, $9.25, $9.23 & $8.93 (10 day moving average), with resistance overhead at the $9.66, $9.96, $10.08 & $10.33/share price levels.
ITB ETF – iShares U.S. Home Construction ETF’s Technical Performance Over The Past Year
Their RSI had been relatively flat around 59 as they’ve been slowly building up from a consolidation period, but their MACD is not signaling near-term strength.
Add in their below average trading volumes of recent compared to the past year & it appears that market participants are not overly optimistic about ITB in the near-term.
With only a 0.73% cushion in the form of their distribution yield, unless using an options strategy it would be best to wait & see how they too behave at support levels in the coming weeks.
ITB has support at the $69.63 (10 day moving average), $68.55 (50 day moving average), $67.69 & $65.14/share price levels, with resistance at the $71.14 $73.66, $73.75 & $74.44/share price levels.
EWU, the iShares MSCI United Kingdom ETF has gained +2.21% over the past year, with +32.37% returns from their 52 week low in September 2022 (ex-distributions).
EWU ETF – iShares MSCI United Kingdom ETF’s Technical Performance Over The Past Year
Their RSI has just crossed out of overbought territory after a few weeks of strong price performance, but the lighter than average volume they’ve traded on recently shows there is still some reservations among investors in EWU.
While their MACD looks strong with the recent trend, it is beginning to also signal near-term consolidation, implying investors should be defensive.
EWU has a 3.13% distribution yield for long-term shareholders each year, but that will only provide protection from losses until the $32.52 price level, signaling it best to have an options strategy in place as insurance, or wait to enter after seeing their behavior at support levels.
EWU has support at the $33.18, $33.09, $33.05 (10 day moving average) & $32.35/share price level, with resistance at the $33.64 & $33.95/share price levels.
ERX ETF – Direxion Daily Energy Bull 2x Shares ETF’s Technical Performance Over The Past Year
Their RSI is on the overbought end of neutral, after a gap up two weeks ago propelled them ~+9%, but their MACD is beginning to hint at signs of near-term weakness & consolidation on the horizon.
ERX’s volumes have been far below average recently, which also suggests that there is limited good sentiment left in the near-term.
While their 2.53% distribution yield will reward long-term shareholders with a cushion, their behavior at support levels will be critical for establishing when it is wisest to enter, unless hedging with options.
ERX has support at the $64.34, $63.37, $62.54 & $62.45/share (10 day moving average) price levels & resistance at the $64.77, $65.12, $67.05 & $67.35/share price level.
Real Estate (VNQ), Space (UFO), Israel (ISRA) & MidCap Dividends (DON) Are All Bearishly Lagging The Market
VNQ, the Vanguard Real Estate ETF has dropped -21.88% over the past year, losing -28.4% from their 52 week high in April of 2022, but rebounding +8.75% from their 52 week low in July of 2022 (ex-distributions).
VNQ ETF – Vanguard Real Estate ETF’s Technical Performance Over The Past Year
Despite a recent rally in late March, VNQ’s MACD is signaling a bearish crossover is imminent & their RSI is trending bearishly away from the neutral level.
Recent trading volumes have been about average compared to the year prior, confirming the sentiment & while their distribution yield is 4.21%, this seems like a situation best to approach with caution in the near-term.
VNQ’s behavior at support levels will give clues into when an entry would be better (unless employing an options strategy), with support at the $79.69, $79.07, $77.16 & $76.86/share price levels & resistance at the $81.88, $82.13, $82.42 (10 day moving average) & $82.84.
UFO, the Procure Space ETF has lost -24.44% over the past year, which coincidentally was its high point in the past 52 weeks, but has rebounded +7.21% from their 52 week low in October of 2022 (ex-distributions).
UFO ETF – Procure Space ETF’s Technical Performance Over The Past Year
Their MACD is beginning to indicate a bearish rollover, but their RSI is still neutral.
Volume sentiment is tough to gauge, as this is not the most particularly liquid security, & their most recent price movements have been to consolidate in the $18.50-19 range since the end of March.
UFO pays a 2.36% distribution for long-term holders, which provides some relief, but there seems to be uncertainty on their horizon as well, making insurance against losses (buying puts or selling calls) & an eye on support levels for entry imperative.
UFO has support at the $18.59, $18.02, $17.55 & $17.48/share price level, with resistance at the $18.79, $18.86 (10 day moving average), $19.07 & $19.08/share price levels.
ISRA, the VanEck Vectors Israel ETF has declined -21.63% over the past year, shedding -23.96% from their 52 week high in April of 2022, but scraping back +3.94% from their 52 week low in March of 2023 (ex-distributions).
ISRA ETF – VanEck Vectors Israel ETF’s Technical Performance Over The Past Year
They too have an MACD flashing warnings signs, after consolidating into a $35-35.50 price range over the past few weeks.
Recent trading volumes have been below average compared to the year prior & their RSI is bearishly declining, signaling investors should be cautious & wait to see how they behave at support levels before creating a new position or adding to an existing one.
With only a 1.38% distribution yield for long-term holders, there is limited cushion for protection unless you employ an options strategy defensively to protect/profit from near-term losses.
ISRA has support at the $34.79, $34.48 & $33.77/share price level, with resistance at the $35.30, $35.44 (10 day moving average), $35.45 & $35.62/share price levels.
DON, the Wisdom Tree MidCap Dividend Fund ETF has lost -4.6% over the past year, falling -10.81% from their 52 week high in April of 2022, while gaining back +8.94% since their 52 week low in September of 2022 (ex-distributions).
DON ETF – Wisdom Tree MidCap Dividend Fund ETF’s Technical Performance Over The Past Year
Their recent volumes have been below average & their RSI is neutral, but their MACD is beginning to show signs of bearishly rolling over.
DON pays a 2.97% distribution yield, which provides some cushion for a price consolidation, but they too are in a “wait & see” period to see how they behave against their support levels in the near-term.
DON has support at the $40.72 (10 day moving average), $40.15, $40.14 & $39.92/share price levels & resistance at the $41.11 (200 day moving average), $41.36, $41.73 & $41.85/share (50 day moving average) price levels.
Tying It All Together
Next week kicks off with the Empire State Manufacturing data at 8:30 am on Monday, followed by Homebuilder Confidence Index data at 10 am & at 12:45 pm Richmond Fed President Tom Barkin speaks.
Tuesday we hear Housing Starts & Building Permits data at 8:30 am, with Fed Governor Michelle Bowman speaking at 1 pm.
Wednesday is the Fed Beige Book at 2 pm & New York Fed President Williams speaking at 7 pm.
Things pick up the pace Thursday with Initial Jobless Claims, Continuing Jobless Claims & Philadelphia Fed Manufacturing Survey data reported at 8:30 am, followed with Existing Homes Sales & U.S. Leading Economic Indicators at 10 am.
Thursday afternoon we hear from many Fed speakers, starting with Fed Governor Christopher Waller & Cleveland Fed President Loretta Mester speaking at 12 pm, Dallas Fed President Lorie Logan & Fed Governor Michelle Bowman speaking at 3 pm & at 5 pm Atlanta Fed President Raphael Bostic speaks.
Friday the week winds down with S&P Flash U.S. Services PMI & S&P Flash U.S. Manufacturing PMI data at 9:45 am & Fed Governor Lisa Cook speaking at 4:35 pm.
Additionally, there will be many notable earnings calls throughout the week including Monday’s Charles Schwab, J.B. Hunt Transport Services, M&T Bank & State Street reporting.
Wednesday we hear from Tesla, Abbott Labs, Baker Hughes, Discover Financial Services, IBM, Travelers, Morgan Stanley & Las Vegas Sands.
AT&T, Blackstone, American Express, Phillip Morris International, Seagate Technology & Rite Aid are set to report earnings on Thursday & on Friday we hear updates from Freeport-McMoran, SAP, Procter & Gamble, and more.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN SPY, QQQ, IWM, KORU, ITB, EWU, ERX, VNQ, UFO, ISRA, or DON AT THE TIME OF PUBLISHING THIS ARTICLE ***
Snap On Inc. Holding Co.’s stock trades under the ticker SNA & has shown recent bullishness that traders & investors should research further into for less volatile times in the market.
SNA stock closed at $238.91/share on 3/13/2023.
Snap On Inc. Holding Co. SNA Stock’s Technical Performance Broken Down
Snap On Inc. Holding Co. SNA Stock’s Technical Performance Over The Past Year
SNA Stock Price: $238.91
10 Day Moving Average: $237.67
50 Day Moving Average: $243.70
200 Day Moving Average: $226.10
RSI: 50.13
MACD: -1.631
Yesterday, SNA stock completed a bullish MACD crossover, gaining +0.41% on the day’s session.
Their RSI is neutral at 50 & recent trading volumes have been about average compared to the year prior.
After gapping up on Tuesday, their last few days of candlesticks are tightly consolidated in a ~1% range, signaling that investors & traders are anticipating downside moves in the near-term.
This makes it important for traders & investors to watch how SNA stock behaves around support levels in the coming weeks, as they eye a safer entry when times have become less volatile.
SNA stock has support at the $237.67 (10 day moving average), $231.89 & $230.33/share price levels, with resistance overhead at the $243.70 (50 day moving average), $243.94 & $247.74/share price levels.
Snap On Inc. Holding Co. SNA Stock As A Long-Term Investment
Long-term oriented investors will like SNA stock’s 14.02 P/E (ttm), but may find their 2.8 P/B (mrq) to be a bit too rich.
They recently reported 4.1% Quarterly Revenue Growth Y-o-Y, with 6.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $757.1M of Total Cash (mrq) & $1.27B of Total Debt (mrq).
SNA stock pays a 2.47% dividend, which appears to be sustainable in the long-run, as their payout ratio is 34.96%.
89.29% of SNA stock’s outstanding share float is owned by institutional investors.
Snap On Inc. Holding Co. SNA Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in SNA stock’s price, while protecting their portfolios from broader market volatility.
I am looking at the contracts with the 6/16 expiration date.
The $230, $220 & $200 calls are all in-the-money, listed from highest to lowest level of open interest.
The $250, $240 & $260 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
SNA stock has many interesting attributes that traders & investors will want to look into so that they can enter positions at better prices when market volatility has subsided.
Investors will like their sustainable dividend, as well as their balance sheet.
Traders will like their recent technical performance, as well as how liquid their options are compared to other names.
All-in-all, it is worth taking a closer examination into SNA stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SNA STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Piper Sandler Companies stock trades under the ticker PIPR & has shown recent bullishness that traders & investors should research further into for when market volatility subsides.
PIPR stock closed at $134.18/share on 4/12/2023.
Piper Sandler Companies PIPR Stock’s Technical Performance Broken Down
Piper Sandler Companies PIPR Stock’s Technical Performance Over The Past Year
Yesterday, PIPR stock completed a bullish MACD crossover, gaining +0.32% on the day’s session.
Their RSI is neutral, with recent trading volumes being below average compared to the year prior, signaling investors are being cautious in how they value the stock.
While they closed above their 10 day moving average yesterday, the day’s hanging man candlestick signals more near-term volatility is on the horizon, so traders & investors should be watching their behavior at support levels to begin planning future entry points for when broader market volatility is lower.
PIPR stock has support at the $133.83 (10 day moving average), $133.53 & $132.41/share price levels & has resistance at the $141.93 (50 day moving average), $142.44 & $142.62/share price levels.
Piper Sandler Companies PIPR Stock As A Long-Term Investment
Long-term oriented investors will like PIPR stock’s 20.51 P/E (ttm) & their 2.25 P/B (mrq).
They recently reported -39.7% Quarterly Revenue Growth Y-o-Y, with -66.4% Quarterly Earnings Growth Y-o-Y, which prospective investors will want to research further into.
Their balance sheet looks appealing at first glance, with $705.6M of Total Cash (mrq) & $239.92M of Total Debt (mrq).
PIPR stock pays a 1.79% dividend, which appears to be sustainable in the long-run, as their payout ratio is 36.81%.
66.65% of PIPR stock’s outstanding share float is owned by institutional investors.
Piper Sandler Companies PIPR Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from PIPR stock’s price movements, while protecting their portfolios from broader market volatility.
I am looking at the contracts with the 6/16 expiration date.
There are currently no calls with strike prices in-the-money for this date, but that will likely change as there are 2 expiration dates in the meantime that may shuffle liquidity.
The $143.75 & $138.75 puts are in-the-money, with the former having more open interest than the latter.
Tying It All Together
PIPR stock has many interesting attributes that traders & investors will want to look closer into in anticipation of when markets become less volatile.
Investors will like their balance sheet, valuation metrics & sustainable dividend, but may want to review their recently reported growth metrics.
Traders will like their recent technical performance, but may be disappointed by how illiquid their options are.
All-in-all, it is worth taking a closer look into PIPR stock to see how it fits into your portfolio strategy when the broader markets are less volatile.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN PIPR STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Hooker Furniture Corp. stock trades under the ticker HOFT & has shown recent bullishness that traders & investors may want to research further into for when market volatility subsides.
HOFT stock closed at $18.73/share on 4/10/2023.
Hooker Furniture Corp. HOFT Stock’s Technical Performance Broken Down
Hooker Furniture Corp. HOFT Stock’s Technical Performance Over The Past Year
HOFT Stock Price: $18.73
10 Day Moving Average: $18.54
50 Day Moving Average: $20.06
200 Day Moving Average: $17.00
RSI: 44.9
MACD: -0.471
Yesterday, HOFT stock completed a bullish MACD crossover, gaining +2.18% on the day’s session.
Recent trading volume have been slightly elevated compared to the average of the year before & their RSI is still in the neutral range after spending the last few weeks in a consolidation period.
Broader macro volatility signals are still abound, making it important to watch how HOFT stock behaves at its support levels to figure out where the best entry-point will be once markets become less volatile.
HOFT stock has support at the $18.54 (10 day moving average), $18.39 & $18.07/share price levels, with resistance at the $19.14, $19.34 & $19.82/share price levels.
Hooker Furniture Corp. HOFT Stock As A Long-Term Investment
Long-term oriented investors will like HOFT stock’s valuation metrics, with a 22.63 P/E (ttm) & a 0.8 P/B (mrq).
The $25, $22.50 & $20 puts are also all in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
HOFT stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their valuation metrics & dividend yield, but may want to dig deeper into their balance sheet for clues on how sustainable their dividend is.
Traders will like their recent technical performance, but may be disappointed by how illiquid their options are.
All-in-all, it is worth taking a closer look into HOFT stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN HOFT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Fulton Financial Corp. stock trades under the ticker FULT & has shown recent bullishness that traders & investors may want to research further into once market volatility calms down.
FULT stock closed at $13.49/share on 4/7/2023.
Fulton Financial Corp. FULT Stock’s Technical Performance Broken Down
Fulton Financial Corp. FULT Stock’s Technical Performance Over The Past Year
FULT Stock Price: $13.49
10 Day Moving Average: $13.69
50 Day Moving Average: $15.74
200 Day Moving Average: $16.12
RSI: 33.41
MACD: -0.678
On Friday, FULT stock completed a bullish MACD crossover, gaining +0.45% on the day’s session.
Their RSI is approaching oversold conditions, after declining for the past month & recent trading volumes have been above average.
Broader market volatility will continue to impact FULT stock, but their behavior at support levels throughout it will provide clues into where to enter a position once the volatility subsides.
FULT stock has support at the $13.28 & $13.16/share price level, as they look to break out & above the $13.53, $13.69 (10 day moving average) & $13.80/share price level.
Fulton Financial Corp. FULT Stock As A Long-Term Investment
Long-term oriented investors will like FULT stock’s valuation metrics, with an 8.08 P/E (ttm) & a 0.94 P/B (mrq).
They recently reported 16.6% Quarterly Revenue Growth Y-o-Y, with 32.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $835.49M of Total Cash (mrq) & $3.26B of Total Debt (mrq).
FULT stock pays a 4.47% dividend, which appears to be sustainable in the long-run, as their payout ratio is 35.93%.
67.9% of FULT stock’s outstanding share float is owned by institutional investors.
Fulton Financial Corp. FULT Stock As A Short-Term Trade Using Options
Traders with shorter-term time horizons can trade options to profit from price movements in FULT stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $12.50 call options are in-the-money.
The $17.50 & $15 puts are also in-the-money, with the former being more liquid than the latter strike.
Tying It All Together
FULT stock has many interesting characteristics that are worth researching into for when their share price stabilizes & broader market volatility subsides.
Investors will like their dividend yield, as well as their valuation metrics, but should research more into their balance sheet structure.
Traders will like their recent technical performance, but may be disappointed in how illiquid their options are.
Overall, it is worth taking a closer look into how FULT stock fits into your portfolio strategy for once market volatility dies down.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN FULT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
BOK Financial Corp. stock trades under the ticker BOKF & has shown recent bullishness that traders & investors may want to research further into for the future.
BOKF closed at $82.24/share on 4/7/2023.
BOK Financial Corp. BOKF Stock’s Technical Performance Broken Down
BOK Financial Corp. BOKF Stock’s Technical Performance Over The Past Year
BOKF Stock Price: $82.24
10 Day Moving Average: $83.76
50 Day Moving Average: $95.62
200 Day Moving Average: $93.54
RSI: 34.63
MACD: -4.023
On Friday, BOKF stock completed a bullish MACD crossover, after steadily declining since late February.
Recent trading volumes have been above average compared to the year prior & their RSI is on the oversold end of neutral after the aforementioned decline.
Their chart is still not signaling it is safe to enter, but watching how they behave at their support levels will help identify a safe entry in the future.
BOKF stock has support at the $80.88, $80.45 & $80.33/share price level, with resistance at the $83.76 (10 day moving average), $83.94 & $84.57/share price level.
BOK Financial BOKF Stock As A Long-Term Investment
Long-term oriented investors will like BOKF stock’s valuation metrics, with a 10.71 P/E (ttm) & a 1.17 P/B (mrq).
They recently reported 18.4% Quarterly Revenue Growth Y-o-Y, with 43.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet also looks appealing, with $6.75B of Total Cash (mrq) & $7.91B of Total Debt (mrq).
BOKF stock pays a 2.67% dividend, which appears to be sustainable in the long-run, as their payout ratio is 27.73%.
38.8% of BOKF stock’s outstanding share float is owned by institutional investors.
BOK Financial Corp. BOKF Stock As A Short-Term Trade Using Options
Traders focused on shorter time horizons can trade options to profit from price movements in BOKF stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21expiration date.
The $85 & $90 puts are also in-the-money, with the former being more liquid than the latter strike.
Tying It All Together
BOKF has many interesting attributes that traders & investors may find appealing after the coming market volatility passes by.
Investors will like their dividend yield, valuation metrics & balance sheet.
Traders will like their recent technical performance, but may be disappointed in how liquid their options are.
All-in-all, it is worth taking a closer look into how BOKF stock may fit into your portfolio strategy down the line after market volatility settles down.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN BOKF STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
SPY, the SPDR S&P 500 ETF lost -0.05% this past week, faring the best of the indexes that we review here this week, as investors sought safety in larger cap names.
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI & MACD are beginning to show more signs of weakness compared to last week & this past week’s trading volumes subsided, signaling less confidence than last week’s jumpy but bullish week.
SPY has support at the $407.06, $406.62 & $403.87/share (10 day moving average) price levels, with resistance overhead at the $410.48, $411.92 & $416.72/share price levels.
QQQ, the Invesco QQQ Trust ETF dropped -0.9% last week; trailing the S&P 500, but being preferred over the Russell 2000 small cap names.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their RSI is slightly more overbought than SPY’s & their MACD is beginning to curl over bearishly, with relatively average volume to confirm the sentiment.
QQQ has support at the $314.93 (10 day moving average), $313.19 & $312.16/share price levels, making for a decent zone before the next level at $309.30 & they have resistance at the $321.63, $327.77 & $332.51/share price levels.
IWM, the iShares Russell 2000 ETF lost -2.53% over the past week, as investors looked to flee smaller cap names & many pivoted into large cap, safer stocks.
Their RSI is below neutral trending towards oversold & their MACD is beginning to signal bearishness, after a month & change of above average trading volume to confirm sentiment.
IWM has support at the $172.67, $169.71 & $169.05/share price levels, with resistance at the $174.63, $174.93 (10 day moving average) & $175.13/share price levels.
Let’s dive into some of the best & worst performing sectors & geo-locations based on this week’s technical ratings data!
Euro STOXX 50 (FEZ), Argentina (ARGT), Aerospace & Defense (DFEN) & Fundamental International Large Companies (FNDF) Are All Bullishly Leading The Market
FEZ, the SPDR EURO STOXX 50 ETF has gained +16.81% over the past year, rebounding +50.02% from their 52 week low on 10/13/2022 (ex-distributions).
FEZ ETF – SPDR EURO STOXX 50 ETF’s Technical Performance Over The Past Year
Their RSI is approaching overbought conditions at 64 & their MACD is beginning to show signs of weakness, as they’ve consolidated after a gap up 2 weeks ago.
Recent volumes have been below average compared to the year prior & their most recent candlestick configuration is signaling to proceed with caution in the near-term.
While their distribution yield provides a 2.7% cushion to long-term holders, unless employing an options strategy for protection, it would be wise to wait & see how they behave around their recent support levels before entering or adding to a position.
FEZ has support at the $44.36, $44.33 (10 day moving average) & $43.34/share price levels, which all appear below the aforementioned gap, with the only overhead resistance from the past 52 weeks occurring at the $45.46/share price level.
ARGT, the Global X MSCI Argentina ETF has climbed +10.91% over the past year & has grown +64.28% from their 52 week low on 7/14/2022 (ex-distributions).
ARGT ETF – Global X MSCI Argentina ETF’s Technical Performance Over The Past Year
Their RSI is neutral at 50.63, with their MACD signaling a near-term decline is on the horizon.
Recent trading volumes have been about average compared to the year prior, although their volume levels have been quite volatile over that time period & their Tuesday gap down has led to a range of uncertainty.
While they offer a 2.17% distribution yield for long-term holders annually, unless using a long/short strategy for protection against the downside, it looks best to wait to enter or add to a position until their price has further consolidated.
ARGT has support at the $37.09, $35.02 & $32.95/share price levels, with resistance at the $38.31, $38.41 (10 day moving average) & $38.83/share (50 day moving average) price levels.
DFEN ETF – Direxion Daily Aerospace & Defense Bull ETF’s Technical Performance Over The Past Year
Like ARGT, DFEN also has a neutral RSI at 50.57 & a MACD signaling that there is a near-term price correction on the horizon.
With trading volumes for 2023 being very low compared to the year prior, there is still uncertainty among market participants as to the value of DFEN’s shares.
With a modest 0.67% distribution yield for long-term shareholders they are another name worth following to wait for a more opportune entry point for.
DFEN has support at the $20.40 (10 day moving average), $20.25, $19.88/share price levels, as they try to break out & above their $20.76, $20.80 (50 day moving average) & $21.34/share resistance levels.
FNDF ETF – Schwab Fundamental International Large Company Index ETF’s Technical Performance Over The Past Year
While their 10 & 50 day moving averages are primed to cross bullishly in the coming week, their MACD is signaling near-term losses & consolidation.
With an RSI approaching the overbought end of neutral & roughly average volume, minus one of the gap up days recently, there still looks to be uncertainty in the near-term & their past week’s candlesticks are not particularly appealing.
With only 2.87% of protection to the downside via distribution yields for long-term shareholders, this one is worth watching for a more favorable entry-point, with opportunities to build profits with a long/short strategy that can be applied to new shares in the future.
FNDF has support at the $31.07 (50 day moving average), $31.03 & $31.01 (10 day moving average) price levels, with resistance at the $31.67, $31.86 & $32.11/share price levels.
Uranium (URA), SuperDividends (FDIV), Retail (XRT) & Global Timber & Forestry (WOOD) Are All Bearishly Lagging The Market
URA, the Global X Uranium ETF has dropped -29.5% over the past year, losing -33.06% from their 52 week high in April of 2022, but have recovered +8.05% since their 52 week low on 7/6/2022 (ex-distributions).
URA ETF – Global X Uranium ETF’s Technical Performance Over The Past Year
Their MACD is beginning to show bearish signals for the near-term, as their RSI enters into the oversold end of the neutral range at 39.43.
With lower than average recent trading volumes & the impending death cross of their 50 & 200 day moving averages, there appears to be more near-term pain in store for URA.
With only a 0.8% distribution yield annually for long-term holders, this will require a wait & see approach about an entry-point after observing how it behaves at support, but some insurance on the short side is worth looking into.
URA has support at the $19.06, $18.95 & $18.46/share price level, with resistance overhead at the $19.12, $19.35 & $19.40/share (10 day moving average) price levels.
SDIV, the Global X SuperDividend ETF has lost -6.14% over the past year, falling -7.04% from their 52 week high in April of 2022, but has gained +3.97% from their 52 week low on 10/21/2022 (ex-distributions).
SDIV ETF – Global X SuperDividend ETF’s Technical Performance Over The Past Year
Recent trading volumes have been about average compared to the year prior & their RSI is neutral.
SDIV’s MACD is beginning to signal short-term weakness & their behavior at their 10 day moving average will be important to see how it holds up as a support level.
Despite having an 11.41% distribution yield for long-term holders, that only covers losses up to $20.10/share, which based on the last 52 weeks of support points looks risky (current lowest is $20.76/share), making this name another to approach with caution or defensively.
SDIV has support at the $22.57, $22.56 (10 day moving average) & $21.77/share price levels, with resistance at the $22.81, $22.94 & $23.02/share price levels.
XRT, the SPDR S&P Retail ETF shed -16.06% over the past year, losing -22.41% from their 52 week high in April 2022, but has reclaimed +11.19% since their 52 week low of 9/30/2022 (ex-distributions).
XRT ETF – SPDR S&P Retail ETF’s Technical Performance Over The Past Year
Recent trading volumes have been about average compared to the year prior, with their RSI trending bearishly & their MACD is looking to roll over bearishly in the coming trading sessions.
With a 2.29% distribution yield, there is limited downside protection making it risky to be eyeing an entry or consider adding to an existing position & it would be more prudent to wait & see how they interact with support levels, or play a long/short defensive play while waiting on their price to become less volatile.
XRT has support at the $61.46, $61.04 & $60.39/share price levels, with resistance at the $61.79. $62.06 & $62.88/share price levels.
WOOD, the iShares Global Timber & Forestry ETF has fallen -17.47% over the past year, losing -24.64% since their 52 week high in April 2022, but gaining +11.46% since their 52 week low on 9/26/2022 (ex-distributions).
WOOD ETF – iShares Global Timber & Forestry ETF’s Technical Performance Over The Past Year
Trading volumes have been much lower than average compared to the year prior recently, after the death cross of the 50 & 200 day moving averages earlier in the week, showing traders aren’t sure of their proper valuation currently.
Their RSI & MACD appear ready to turn bearish, after Thursday’s +0.4% bounce helped keep them from falling more aggressively.
WOOD pays a 2.31% distribution yield to long-term holders, but that will not provide adequate protection against losses, making it advisable to watch how they interact with support levels & or play defensively while looking for an opportune entry point.
WOOD has support at the $70.81, $68.75 & $63.70/share price levels, with resistance overhead at the $71.47, $72.08 & $72.22/share price levels.
Tying It All Together
This upcoming week features many interesting bits of data being reported.
Monday we get Wholesale Inventories data at 10 am, with New York Fed President Williams speaking at 4:15 pm.
Tuesday at 6 am we get the NFIB Optimism Index, followed by Chicago Fed President Goolsbee speaking at 1:30 pm, Philadelphia Fed President Harker speaking at 6:30 pm & at 7:30 pm Minneapolis Fed President Kashkari speaks.
Wednesday will be the most eagerly anticipated day, with Consumer Price Index data, Core CPI, CPI Y-o-Y & Core CPI Y-o-Y all reported at 8:30 am, followed by Richmond Fed President Barkin speaking at 9:00 am, San Francisco Fed President Daly speaking at 12 pm & at 2 pm we get the Treasury Budget & FOMC minutes reported.
Thursday will also be important, with Producer Price Index, Core PPI, PPI Y-o-Y, Initial Jobless Claims & Continuing Jobless Claims all being reported at 8:30 am.
Friday will also be a busy day, with US Retail Sales, Retail Sales minus Autos, Import Price Index, & Import Prices minus Fuel being reported at 8:30 am
At 8:45 am Fed Governor Waller speaks, followed by Industrial Production & Capacity Utilization data at 9:15 am & Business Inventories & Consumer Sentiment reports out at 10 am.
It promises to be an interesting week ahead – see you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN FEZ, ARGT, DFEN, FNDF, URA, SDIV, XRT or WOOD AT THE TIME OF PUBLISHING THIS ARTICLE ***
Cigna Corp. stock trades under the ticker CI & has shown recent bullishness that traders & investors should research further into.
CI stock closed at $256.54/share on 4/4/2023.
Cigna Corp. CI Stock’s Technical Performance Over The Past Year
Cigna Corp. CI Stock’s Technical Performance Over The Past Year
CI Stock Price: $256.54
10 Day Moving Average: $258.77
50 Day Moving Average: $284.34
200 Day Moving Average: $292.35
RSI: 35.93
MACD: -8.446
Yesterday, CI stock completed a bullish MACD crossover, losing -2.08% on the day’s session.
Their RSI is approaching oversold at 35.9 & recent trading volumes have been about average compared to the year prior, as they have steadily declined throughout Q1 2023.
CI stock has support at the $253.41, $250.61 & $249.13/share price level, as they look to break out above their $257.99, $258.77 (10 day moving average) & $264.22/share price levels.
Cigna Corp. CI Stock As A Long-Term Investment
Long-term oriented investors will like CI stock’s valuation metrics, with a 12.05 P/E (ttm) & a 1.7 P/B (mrq).
They recently reported 0% Quarterly Revenue Growth Y-o-Y, with 4.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $6.76B of Total Cash (mrq) & $31.55B of Total Debt (mrq).
CI stock pays a 1.71% dividend, which appears to be sustainable in the long-run, as their payout ratio is 21.03%.
90.79% of CI stock’s outstanding share float is owned by institutional investors.
Cigna Corp. CI Stock As A Short-Term Trade Using Options
Short-term traders can use options to hedge their portfolios against volatility, while profiting from CI price movements.
I am looking at the contracts with the 5/19 expiration date.
The $250, $240 & $210 call options are all in-the-money, listed from highest to lowest level of open interest.
The $260, $270 & $280 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
CI stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their valuation metrics & dividend yield, but may want to review their balance sheet more thoroughly.
Traders will like their recent technical performance.
All-in-all, it is worth taking a closer look into CI stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN CI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
PetMed Express, Inc. stock trades under the ticker PETS & has shown recent bullishness that traders & investors should research further into.
PETS stock closed at $16.09/share on 4/4/2023.
PetMed Express, Inc. PETS Stock’s Technical Performance Broken Down
PetMed Express, Inc. PETS Stock ‘s Technical Performance Over The Past Year
PETS Stock Analysis: $16.09
10 Day Moving Average: $16.28
50 Day Moving Average: $18.55
200 Day Moving Average: $19.18
RSI: 39.25
MACD: -0.648
Yesterday, PETS stock completed a bullish MACD crossover, but lost -2.84% on the day’s session.
Their RSI is approaching oversold at 39 & recent trading volumes have been about average compared to the year prior, as their price has slid throughout March 2023.
PETS stock has support at the $15.09 & $12.79/share price levels, with resistance at the $16.28 (10 day moving average), $16.60 & $16.96/share price levels.
PetMed Express, Inc. PETS Stock As A Long-Term Investment
Long-term oriented investors will like PETS stock’s 29.84 P/E (ttm), but may find their 2.64 P/B (mrq) to be a bit too rich.
They recently reported -3% Quarterly Revenue Growth Y-o-Y, which may warrant a closer review.
Investors will like their balance sheet, which contains $102.43M of Total Cash (mrq) & no Total Debt (mrq).
PETS stock pays a 7.25% dividend yield, which appears to be unsustainable in the long-run & will require more research, as their payout ratio is 214.29%.
82.38% of PETS stock’s outstanding share float is owned by institutional investors.
PetMed Express, Inc. PETS Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in PETS stock, while hedging their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $12.50 & $15 call options are in-the-money, listed in order of highest to lowest open interest level.
The $17.50, $30 & $20 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
PETS stock has many interesting attributes that traders & investors will find appealing.
Investors will like their balance sheet & hefty dividend yield, but may want to research deeper into its longevity potential.
Traders will like their recent technical performance, but may wish their options were more liquid.
Overall, it is worth taking a closer look into PETS stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN PETS STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
