Continental Resources Inc. CLR Stock

Continental Resources Inc. stock trades under the ticker CLR & has shown recent bullishness amid broader market volatility that traders & investors should research further.

CLR stock closed at $62.17/share on 5/6/2022.

Continental Resources Inc. CLR Stock’s Technicals Broken Down

Continental Resources Inc. CLR Stock's Technical Performance Over The Last Year

CLR Stock Price: $62.17

10 Day Moving Average: $57.57

50 Day Moving Average: $60.07

200 Day Moving Average: $48.93

RSI: 56.03

MACD: -0.396

CLR stock completed a bullish MACD crossover on Friday, while notching a fourth consecutive day of gains.

With their RSI still in neutral range at 56 & 4.3% between their 10 & 50 day moving averages, there looks to be more momentum in the near-term, despite only trading at about average volume compared to the year prior.

CLR will need to break through the $62.47, $62.56 & $63.20 resistance levels as they continue climbing higher.

Continental Resources Inc. CLR Stock As A Long-Term Investment

Long-term oriented investors will find CLR stock’s valuation metrics appealing, with a P/E (ttm) of 11.11 & a P/B (mrq) of 2.81.

They recently reported 121.7% Quarterly Revenue GrRowth Y-o-Y.

Investors may want to take a closer look into the structure of their balance sheet, with $20.87M in Total Cash (mrq) & $6.84B in Total Debt (mrq).

Moody’s rates CLR’s debt rating Baa3, which is considered lower-medium grade.

CLR stock pays a 0.76% dividend yield, which appears stable in the long-term as their payout ratio is 12.57%.

13.55% of CLR stock’s outstanding share float is held by institutional investors.

Continental Resources Inc. CLR Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from CLR stock’s price movement, while hedging against volatility in the broader markets.

I am looking at the contracts with the 5/20 expiration date.

The $60, $61 & $62 call options all look appealing & in-the-money, although the latter 2 have much less open interest compared to the former.

The $66, $65 & $63 puts also look interesting, but are very illiquid, with only 52 open contracts between all three strike prices, which some traders will not like.

Tying It All Together

CLR stock has many interesting characteristics that investors & traders alike will find positive.

Investors will like their valuation metrics & the stability of their dividend.

Traders will like their current momentum, but may be more pleased with the liquidity of their options contracts after this week’s weekly expiration passes.

Overall, CLR stock is worth taking a closer look at, regardless of how your portfolio is structured.

*** I DO NOT OWN SHARES OF CLR STOCK AT THE TIME OF PUBLISHING THIS NOTE ***

Weekly Stock & ETF Market Outlook & Review 5/8/2022

Major stock indexes continued to slide this last week, despite a mid-week brief rally focused around the Federal Reserve announcement & Powell conference.

Energy prices continued to climb, the dollar remained relatively flat & earnings reports continued to come in, with more on deck next week.

SSO, the ProShares Ultra S&P 500 ETF traded on above average volume this past week, with their MACD signaling more pain to come as it looks to be in relative free-fall.

SSO ETF - ProShares Ultra S&P 500 ETF's Technical Performance Over The Last Year
SSO ETF – ProShares Ultra S&P 500 ETF

With an RSI at 38, there may be an opportunity to trade options around the ETF & profit while waiting for the dip to rebound.

TQQQ, the ProShares UltraPro QQQ ETF is in a more extreme, yet similar camp, as their holdings are more focused on names that such as technology & sciences, which tend to have higher levels of debt & be impacted more greatly by interest rate changes.

TQQQ ETF - ProShares UltraPro QQQ ETF's Technical Performance Over The Last Year
TQQQ ETF – ProShares UltraPro QQQ ETF

The technicals on TQQQ’s chart look similar to SSO’s; higher volume than average this week, RSI at 36 & a MACD that is showing more downward momentum to come.

Let’s take a look into some of the top & bottom performing sectors & geo-locations based on their technical ratings.

Energy (ERX), 7-10 Year Treasury Bear (TYO), Utilities (UTES) & Agriculture (DBA) Bullishly Leading The Markets

ERX, the Direxion Daily Energy Bull 2x Shares ETF has been steadily gaining since it’s 2021 low in mid-August.

ERX ETF - Direxion Daily Energy Bull 2x Shares ETF's Technical Performance Over The Last Year
ERX ETF – Direxion Daily Energy Bull 2x Shares ETF

I don’t think that this surprises anyone, but something interesting here is that after their gap up on Wednesday, their trading volumes have dropped below average for the past year, which is even lower than the average for the last 1-2 months.

Their RSI is still in the 60’s & their MACD looks healthy, but there may be some near-term pullback that can be used as an entry-point based on the closeness of the 10 & 50 day moving averages.

ERX pays a 1.36% dividend yield, which can be used as a cushion for those entering a long-only position.

The $62.79 level will be key to watch this week, as they try to stay above it.

TYO, the Direxion Daily 7-10 Year Treasury 3x Bear Shares ETF has also seen steady success since the beginning of August, gaining ~50% in that time period.

TYO ETF - Direxion Daily 7-10 Year Treasury 3x Bear Shares ETF's Technical Performance Over The Last Year
TYO ETF – Direxion Daily 7-10 Year Treasury 3x Bear Shares ETF

Their RSI is approaching overbought territory, although their MACD is beginning to cross over bullishly, signaling more gains in the near-term.

An entry into the ETF now should be accompanied with some options as a hedge.

UTES, the EFTIS Series Trust I Reaves Utilities ETF is beginning to rebound, after falling sharply ~10% since April 2022.

UTES ETF - EFTIS Series Trust I Reaves Utilities ETF's Technical Performance Over The Last Year
UTES ETF – EFTIS Series Trust I Reaves Utilities ETF

While they aren’t out of the woods just yet, their MACD is beginning to curl upwards, and their RSI is still in the low 40’s, which may signal the turning of momentum into a bullish near-term period.

UTES provides a 2% cushion for investors in the form of their dividend for stockholders who plan to build a position for the longer-term.

DBA, the Invesco DB Agriculture Fund has been steadily gaining since last May, despite having some more recent hiccups since mid-April.

DBA ETF - Invesco DB Agriculture Fund's Technical Performance Over The Last Year
DBA ETF – Invesco DB Agriculture Fund

While they do not have a dividend yield, they do have options that can be used to soften the landing on entering a new position via long-short.

DBA’s MACD is still trending downwards, but it is beginning to signal potential signs of a reversal in the near-term, which is supported by their RSI at 42.

I would be watching how they hold $21.77, as well as how their price reacts when the 10 & 50 day moving averages meet.

Blockchain (BKCH), Cannabis (YOLO), Semiconductors (USD) & Social Sentiment (BUZZ) Bearishly Lagging The Markets

BKCH, the Global X Blockchain ETF has struggled since its inception in July 2021,falling 72.7% over its first 2 quarters on the market.

BKCH ETF - Global X Blockchain ETF's Technical Performance Over the Last Year
BKCH ETF – Global X Blockchain ETF

BKCH does not have options to trade yet, but they do offer an 8.65% dividend yield, which interested investors can use as a cushion for building their position, should they hold it for over a year.

They look poised to reverse trend & gain some losses back as their RSI approaches the 30, or “oversold” mark & their MACD looks to try & crossover bullishly, but it is too speculative to tell for sure, given the interest rate concerns impacting tech names.

YOLO, the AdvisorShares Pure Cannabis ETF has been steadily declining since June of 2021, although there may be an end in sight, as Friday 5/6/2022 resulted in a hammer candlestick at their current low price for the year.

YOLO ETF - AdvisorShares Pure Cannabis ETF's Technical Performance Over The Last Year
YOLO ETF – AdvisorShares Pure Cannabis ETF

Those interested in entering a long position here or buying down their average price for existing positions may see this as a sign of confidence in a near-term reversal.

Their RSI is well-oversold & their MACD is beginning to flatten, which could lead to more bullish momentum, should their trading volumes continue to stay above average for the year in the near-term. (I have a long position in TOKE, another cannabis ETF)

With no options to use as a hedge & no dividend to offer a cushion from more losses, this will be an interesting one to watch.

USD, the ProShares Ultra Semiconductors ETF has dropped by 53.5% from its high in November 2021, with trading volumes increasing on average throughout 2022.

USD ETF - ProShares Ultra Semiconductors ETF's Technical Performance Over The Last Year
USD ETF – ProShares Ultra Semiconductors ETF

USD’s MACD is currently bullish, but they will need to break above their 10 day moving average in the near-term in order to keep it from crossing back bearishly.

Anyone thinking of entering USD should also consider buying some puts as well in order to protect themselves from potential near-term losses.

BUZZ, the VanEck Vectors Social Sentiment ETF has performed poorly since topping out in November 2021, posting 44.4% losses from their high.

BUZZ ETF - VanEck Vectors Social Sentiment ETF's Technical Performance Over The Last Year
BUZZ ETF – VanEck Vectors Social Sentiment ETF

Their trading volumes have been steadily going down since last August to October, with a few random flare ups, signaling that investors aren’t particularly keen on their concept.

Their MACD is trying to break out bullishly, but a reversal will be heavily reliant on yesterday’s hammer candlestick, making the $15/share mark a good place to be keeping an eye on as the begin trading again next week.

Tying It All Together

Next week will be interesting, particularly Wednesday’s CPI numbers, which will be one of the week’s focal points.

Thursday’s PPI data & jobless claims data will also be something to keep an eye on, to look for inconsistencies with other recently reported data points that markets have been trying to digest.

Another couple sets of numbers that will shed better light on inflation are coming on Tuesday, with the NFIB small business index & the real household savings rate (SAAR), as this will shed more light into how inflation is impacting people.

Earnings reports will also add in another dimension that markets will need to deal with, with 1,177 companies reporting (per Yahoo).

Results & guidance numbers reported will give more insight into the current state of the economy beyond the data prints that we have been reading each week.

*** I DO NOT OWN SHARES OF SSO, TQQQ, ERX, TYO, UTES, DBA, BKCH, YOLO, USD, or BUZZ AT THE TIME OF PUBLISHING THIS ARTICLE ***

*** I HAVE A LONG POSITION IN TOKE, WHICH IS MENTIONED ABOVE IN THE BODY OF THIS ARTICLE ***

Broadcom Inc. AVGO Stock Analysis

Broadcom Inc. stock trades under the ticker AVGO & has shown recent bullishness during a volatile market period that traders & investors should take a closer look into.

AVGO stock closed at $603.66/share on 4/4/2022.

Broadcom Inc. AVGO Stock’s Technicals Broken Down

Broadcom Inc. AVGO Stock's Technical Performance Over The Last Year

AVGO Stock Price: $603.66

10 Day Moving Average: $578.17

50 Day Moving Average: $592.73

200 Day Moving Average: $551.02

RSI: 54.9

MACD: -5.358

Yesterday, AVGO stock completed a bullish MACD crossover, while also breaking out above its 50 day moving average bullishly.

Their RSI is still neutral at 54, and their recent trading volumes have been above average compared to the rest of the year prior, signaling that they may have more bullish momentum to come in the near-term.

They need to test & break out above the $604.20, $605.54, & $607.64/share resistance levels as they continue climbing higher.

Broadcom Inc. AVGO Stock As A Long-Term Investment

Long-term oriented investors may find AVGO stock’s P/E (ttm) of 31.61 to be appealing, but may balk at their 9.85 P/B (mrq).

They recently reported 15.8% Quarterly Revenue Growth Y-o-Y, with 79.4% Quarterly Earnings Growth.

Investors will want to take a closer look into the details of AVGO stock’s balance sheet, as they have $10.22B in Total Cash (mrq), with $39.5B in Total Debt (mrq).

AVGO stock pays a 2.65% dividend yield, which should be sustainable in the near-term, but may warrant tightening in the long-run as their payout ratio is 84.95%.

83.1% of AVGO stock’s outstanding share float is owned by institutional investors.

Broadcom Inc. AVGO Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to profit from movements in AVGO stock, while hedging against broader market volatility.

I am looking at the contracts with the 5/20 expiration date.

The $597.50, $600 & $602.50 call options look appealing, although they they are somewhat low on open interest (586 total contracts at time of writing).

Given that AVGO has weekly expiration dates, expect to see more liquidity in their options as the expiration date draws nearer.

The $610, $607.50 & $605 puts also look interesting, but have a similar issue with liquidity (507 total contracts at time of writing).

Tying It All Together

AVGO stock has a slightly more bullish near-term outlook than most stocks based on calls:puts at the 5/20 expiration date.

Traders will like their current momentum set up, and should expect to see more open interest in their options contracts as more weekly expiration dates pass.

Investors will like their dividend yield & P/E (ttm), but may think to look into how their debts are structured before making a long-term investment.

Overall, AVGO stock is worth taking a closer look at to see how it fits into your portfolio strategy.

*** I DO NOT OWN SHARES OF AVGO STOCK AT THE TIME OF PUBLISHING THIS PIECE ***

Norfolk Southern Corp. NSC Stock Analysis

Norfolk Southern Corp. stock trades under the ticker NSC & has shown recent bullishness that traders & investors should take a closer look at.

NSC stock closed at $265.85/share on 4/28/2022.

Norfolk Souther Corp. NSC Stock’s Technicals Broken Down

Norfolk Southern Corp. NSC Stock's Technical Performance Over The Last Year

NSC Stock Price: $265.85

10 Day Moving Average: $262.95

50 Day Moving Average: $268.03

200 Day Moving Average: $268.44

RSI: 50.38

MACD: -2.448

Yesterday, NSC stock completed a bullish MACD crossover, breaking out & closing above its 10 day moving average.

It was unable to close at its 50 & 200 day moving average levels, despite bouncing off of them during the day.

With above average trading volume & an RSI that is neutral, they look to have more upward momentum in the near-term.

They will need to test & break through the $263.06, $264.64 & $265.19/share resistance levels as they continue climbing.

Norfolk Southern Corp. NSC Stock As A Long-Term Investment

Long-term oriented investors will like NSC stock’s P/E (ttm) of 21.35, but may find their P/B (mrq) of 4.92 to be a bit rich.

They recently reported 10.8% Quarterly Revenue Growth & 13.3% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a closer examination, with $839M in Total Cash (mrq) & $14.79B in Total Debt (mrq).

NSC stock pays a 1.58% dividend, which appears to be stable in the long-term, with a 34.35% payout ratio.

76.64% of NSC stock’s outstanding share float is owned by institutional investors.

Norfolk Souther Corp. NSC Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to hedge against broader market volatility, while also profiting from price movements in any direction for NSC stock.

I am looking at the contracts with the 5/20 expiration date.

The $260, $262.50 & $265 calls all look appealing, but are relatively low in open interest at the moment.

Given that NSC has weekly expirations though, that will change in the near-term as more expiration dates pass by.

The $272.50, $270 & $267.50 puts also look appealing, but have a similar open interest situation that looks to improve in the coming weeks.

Tying It All Together

NSC stock has characteristics that traders & investors will both find appealing.

Investors will like their dividend yield & P/E (ttm), but may be wary of their balance sheet.

Traders will like their current momentum path & weekly expiration dates for their contracts, but will be disappointed by the limited levels of open interest their further out dated contracts have.

All-in-all, it is worth taking a closer look at NSC stock to see how it fits in with your portfolio strategy.

*** I DO NOT OWN SHARES OF NSC STOCK AT THE TIME OF WRITING THIS ARTICLE ***

Grupo Aeroportuario del Sureste SA ASR Stock

Grupo Aroportuario del Sureste SA stock trades under the ticker ASR & has shown recent bullish behavior that traders & investors should take a closer look into.

ASR stock closed at $213.85/share on 4/27/2022.

Grupo Aeroportuario del Sureste SA ASR Stock’s Technicals Broken Down

Grupo Aeroportuario del Sureste SA ASR Stock's Technical Performance Over The Last Year

ASR Stock Price: $213.85

10 Day Moving Average: $207.46

50 Day Moving Average: $208.77

200 Day Moving Average: $195.62

RSI: 56.96

MACD: -0.348

Yesterday, ASR stock completed a bullish MACD crossover, while climbing 2.3%.

With a relatively neutral RSI & above average trading volume compared to the rest of the year, ASR looks to have more upward momentum in the near-term.

They will have to break above the $214.82, $216.91 & $218.78/share resistance levels.

Grupo Aeroportuario del Sureste SA ASR Stock As A Long-Term Investment

Long-term focused investors may like ASR stock’s valuation metrics, with a P/E (ttm) of 20.53 & a P/B (mrq) 3.31.

They recently reported 59.6% Quarterly Revenue Growth Y-o-Y, with 300.2% Quarterly Earnings Growth Y-o-Y.

Their balance sheet may need a closer review, with $8.77B in Total Cash (mrq) & $13.8B in Total Debt (mrq).

ASR stock pays a 1.96% dividend yield, which appears stable in the long run, with a 41.1% payout ratio.

25% of ASR stock’s outstanding share float is owned by institutional investors.

Grupo Aeroportuario del Sureste SA ASR Stock As A Short-Term Trade Using Options

Short-term oriented traders can trade ASR options in order to profit from their stock’s price movements while protecting themselves from volatility.

I am looking at the contracts with the 5/20 expiration date.

The $200, $210 & $220 calls all look appealing, but are highly illiquid with one contract of open interest at each strike price.

The $220 & $210 puts also look interesting, but have the same lack of liquidity issue.

Tying It All Together

Overall, ASR stock is worth taking a closer look at to see how it fits into your portfolio strategy.

Investors will like their valuation, as well as their dividend yield.

Traders will like their current momentum, but may be dissatisfied with how liquid their options are.

There are lots of great attributes to ASR stock.

*** I DO NOT OWN SHARES OF ASR STOCK AT THE TIME OF WRITING THIS ***

Sherwin Williams Co. SHW Stock Analysis

Sherwin Williams Co. stock trades under the ticker SHW & has shown recent bullishness that traders & investors should take a closer look into.

SHW stock closed at $271.37/share on 4/26/2022.

Sherwin Williams Co. SHW Stock’s Technicals Broken Down

Sherwin Williams Co. SHW Stock's Technical Performance Over The Last Year

SHW Stock Price: $271.37

10 Day Moving Average: $253.57

50 Day Moving Average: $254.35

200 Day Moving Average:$293.98

RSI: 61.8

MACD: -0.185

Yesterday, SHW stock completed a bullish MACD crossover, while gapping up 9.41% & breaking out above its 10 & 50 day moving averages.

With trading volume that is far above average compared to the prior year & an RSI that is 61, there looks to be more short-term momentum while SHW stock establishes a new price range.

They will need to break above the $271.49, $271.05 & $275.05/share resistance levels as they continue to climb higher.

Sherwin Williams Co. SHW Stock As A Long-Term Investment

Investors will like SHW stock’s P/E (ttm) of 35.09, but may not be too fond of their 26.2 P/B (mrq).

They recently reported 6.1% Quarterly Earnings Growth Y-o-Y, with -25% Quarterly Earnings Growth Y-o-Y.

Their balance sheet warrants a closer examination before investment, with Total Cash (mrq) of $165.7M & Total Debt (mrq) of $11.5B.

SHW stock pays a 0.89% dividend, which appears to be stable in the long run, with a 31.5% payout ratio.

79.34% of SHW stock’s outstanding share float is owned by institutional investors.

Sherwin Williams Co. SHW Stock As A Short-Term Trade Using Options

Short-term oriented traders can profit from movement in SHW stock by trading options, while also protecting themselves from broader market volatility.

I am looking at the contracts with the 5/20 expiration date.

The $250, $260 & $270 call options look appealing.

The $300, $290 & $280 puts also look interesting, but are very illiquid.

Tying It All Together

Overall, there are many advantages that SHW stock can bring to your portfolio.

Investors will like their dividend yield, as well as their valuation metrics.

Traders will like their current momentum, but may be disappointed by their levels of open interest.

SHW stock is worth taking a closer look into, regardless of your portfolio strategy.

*** I DO NOT OWN SHARES OF SHW STOCK AT THE TIME OF WRITING THIS ***

Avery Dennison Corp. AVY Stock Analysis

Avery Dennison Corp. stock trades under the ticker AVY & has shown recent bullish behavior that traders & investors should take a closer look at.

AVY stock closed at $174.22/share on 4/26/2022.

Avery Dennison Corp. AVY Stock’s Technicals Broken Down

Avery Dennison Corp. AVY Stock's Technicals Broken Down

AVY Stock Price: $174.22

10 Day Moving Average: $169.96

50 Day Moving Average: $171.96

200 Day Moving Average: $200.97

RSI: 53.2

MACD: -0.898

Yesterday, AVY stock completed a bullish MACD crossover, gapping up 3.28% & above both their 10 & 50 day moving averages.

Their recent trading volumes have been above average, and their RSI is still in neutral territory, signaling that there is more short-term momentum to come.

AVY stock needs to re-test & break through the $176.52, $177.57 & $178.36 resistance levels.

Avery Dennison Corp. AVY Stock As A Long-Term Investment

Long-term oriented investors will like AVY stock’s P/E (ttm) at 18.96, but may find their P/B (mrq) to be a bit too rich at 7.16.

They recently reported 9.7% Quarterly Revenue Growth Y-o-Y, with -4.6% Quarterly Earnings growth Y-o-Y.

Their balance sheet may require a closer examination before investment, with Total Cash (mrq) of $196.1M & Total Debt (mrq) of $3.3B.

AVY stock pays a 1.58% dividend, which appears to be stable in the long-run as their payout ratio is 30.12%.

91.2% of AVY stock’s outstanding share float is owned by institutional investors.

Avery Dennison Corp. AVY Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from movements in AVY stock.

I am looking at the contracts with the 5/20 expiration date.

The $165, $170 & $175 call options look appealing, but have very limited open interest.

The $175 & $170 puts are the only strike prices with open interest that look to be in-the-money by expiration & are also lacking liquidity.

Tying It All Together

Overall, traders & investors should find AVY stock to be an interesting addition to consider for their portfolio.

Investors will like their dividend yield, but may want to look further into their balance sheet before investing.

Traders will like their current momentum, but will be disappointed by their levels of open interest.

AVY stock is worth taking a closer look at, regardless of your portfolio strategy.

*** I DO NOT OWN SHARES OF AVY STOCK AT THE TIME OF WRITING THIS ***

Weekly Stock & ETF Market Outlook 4/24/2022

Last week’s market events were primarily driven by earnings & weakness in news, as well as anticipated tightening of interest rates to combat inflation.

SPY, the SPDR S&P 500 ETF continued its choppy 2022, closing down in 4 of 5 sessions as investors tried sorting out what is going to come next for stocks & the economy.

SPY ETF - SPDR S&P 500 ETF's Technical Performance Over The Last Year
SPY ETF – SPDR S&P 500 ETF

TQQQ, the ProShares UltraPro QQQ ETF that tracks the performance of the NASDAQ also struggled all week.

TQQQ ETF - ProShares UltraPro QQQ ETF's Technical Performance Over The Last Year
TQQQ ETF – ProShares UltraPro QQQ ETF

This week looks to be about the same catalysts as last, with more of a focus on technology names in the earnings department.

Let’s take a closer look at some of the best & worst performing ETFs by sector/geo-location for this week.

Corn (CORN), 20+ Year Treasuries (TBF), Soybeans (SOYB) & North American Pipelines (TPYP) Bullishly Lead The Markets

CORN, the Teucrium Corn Fund ETF has been on a steady climb since September 2021, and has finally cooled off over the last 3 days.

CORN ETF - Teacrium Corn Fund ETF's Technical Performance Over The Last Year
CORN ETF – Teucrium Corn Fund ETF

Based on their MACD & RSI, there looks to be a bit of voliatlity in store for them in the near-term, which is also supported by their recent above average trading volume levels.

There may be room for an entry into a new position soon, and with their options there looks to be many other opportunities for traders to profit as they establish a new price range after such rapid growth.

TBF, the ProShares Short 20+ Year Treasury ETF has enjoyed steady growth since December 2021’s lows.

TBF ETF - ProShares Short 20+ Year Treasury ETF's Technical Performance Over The Last Year
TBF ETF – ProShares Short 20+ Year Treasury ETF

Their MACD is beginning to curl bearishly, and their RSI is at overbought territory, signaling that there may be some near-term volatility in store.

TBF’s trading volumes have been above average recently compared to the year prior, signaling that traders have confidence in the ETF – trading options would be a wise move to safely take some profits from their current momentum.

SOYB, the Teucrium Soybean Fund ETF has also enjoyed steady growth since November os 2021, but looks to be currently cooling off.

SOYB ETF - Teucrium Soybean Fund ETF's Technical Performance Over The Last Year
SOYB ETF – Teucrium Soybean Fund ETF

Their MACD is beginning to roll over bearishly, although their RSI is re-approaching neutral (50) & they look to have investor confidence based on their recent above average trading volumes.

TPYP, the Tortoise North American Pipeline Fund ETF has also been steadily climbing over the last year, until the last two trading sessions where it began to sell off.

TPYP ETF - Tortoise North American Pipeline Fund ETF's Technical Performance Over The Last Year
TPYP ETF – Tortoise North American Pipeline Fund ETF

TPYP’s RSI was in need of a price shakeout, going from being overbought in the 70’s down to 54 over the last few days.

With a bearish MACD & no options contracts, the 3.4% dividend can be used as a cushion should the price continue lower.

Cloud Computing (SKYY), Entrepreneurs (ENTR), IPO’s (IPO) & Chindia (FNI) Bearishly Lagging The Markets

SKYY, the First Trust Cloud Computing ETF has not performed well as we have entered the rate tightening cycle.

SKYY ETF - First Trust Cloud Computing ETF's Technical Performance Over The Last Year
SKYY ETF – First Trust Cloud Computing ETF

Their RSI is approaching oversold territory, but their MACD still looks bearish – they do have options contracts that can be used to profit alongside a long-position while the price comes down, as well as a 1.1% dividend.

ENTR, the ERShares Entrepreneur 30 ETF is in a similar position, but has suffered from having much less trading volume than SKYY.

ENTR ETF - ERShares Entrepreneur 30 ETF's Technical Performance Over The Last Year
ENTR ETF – ERShares Entrepreneur 30 ETF

While ENTR does not have options to trade, they do offer a modest dividend that can be used as a cushion if entering a long-position.

However, their MACD & RSI do not appear level enough to safely begin thinking about that.

IPO, the Renaissance IPO ETF has continued moving downwards since November; also with a bearish MACD & oversold RSI.

IPO ETF - Renaissance IPO ETF's Technical Performance Over The Last Year
IPO ETF – Renaissance IPO ETF

Their performance is also going to be tied heavily to interest rates & market liquidity, making this a name to be using options for as a safety net.

FNI, the First Trust ISE Chindia Index ETF has been steadily falling since a year ago, with very low volume levels.

FNI ETF - First Trust ISE Chindia Index ETF's Technical Performance Over The Last Year
FNI ETF – First Trust ISE Chindia Index ETF

While their shares have tried to bounce in the last 2 months, there still looks to be a lot of weakness in this name.

Tying It All Together

All eyes will be set on earnings calls this week, as markets seek to rebound from a weak week prior.

Investors will be eager not just to hear about the performance of their holdings, but also to gain clues into the market landscape that may impact their stocks & the broader market in general.

Volumes will be important to keep a closer eye on, as they will give clues about the investor sentiment both in individual names, as well as in sector-specific ETFs.

Check back next week to see how different sectors fared in our next weekly review!

*** I DO NOT OWN SHARES OF SPY, TQQQ, CORN,TBF, SOYB, TPYP, SKYY, ENTR, IPO OR FNI AT THE TIME OF WRITING THIS ARTICLE ***

Electronic Arts Inc. EA Stock Analysis

Electronic Arts, Inc. stock trades under the ticker EA & has shown recent bullish behavior that traders & investors should take a closer look into.

EA stock closed at $128.09/share on 4/22/2022.

Electronic Arts Inc. EA Stock’s Technicals Broken Down

Electronic Arts Inc. EA Stock's Technical Performance Over The Last Year

EA Stock Price: $128.09

10 Day Moving Average: $123.72

50 Day Moving Average: $126.42

200 Day Moving Average: $133.77

RSI: 58.04

MACD: -0.566

On Friday, EA stock completed a bullish MACD crossover, on a second straight day of gains on above average volume compared to the year prior.

With their RSI still under 60, there looks to be more momentum to come in the near-term to push their share price higher.

They will need to test & break out above the $128.55, $128.73 & $128.87/share resistance levels as they continue to climb higher.

Electronic Arts Inc. EA Stock As A Long-Term Investment

Long-term oriented investors may find EA stock’s valuation metrics to be a bit high, although given the nature of their industry that is to be expected.

EA stock has a 54.98 P/E (ttm) & a 4.53 P/B (mrq).

They recently reported 6.9% Quarterly Revenue Growth Y-o-Y.

EA stock’s balance sheet looks appealing, with $3.02B in Total Cash (mrq) & Total Debt (mrq) of $2.24B.

EA stock pays a 0.56% dividend yield, which appears to be stable in the long-run as their payout ratio is only 30.5%.

92.7% of EA stock’s outstanding share float is owned by institutional investors.

Electronic Arts Inc. EA Stock As A Short-Term Trade Using Options

EA stock has options that short-term oriented traders can use to profit from price movements in any direction, while hedging their portfolios against broader market volatility.

I am looking at the contracts with the contracts with the 4/29 expiration date.

The $126, $127 & $128 call options all look appealing, although they have open interest of under 100 contracts each.

The $129, $130 & $133 puts also look interesting, but are even less liquid, with very low levels of open interest.

Tying It All Together

Long-term oriented investors will like EA stock’s balance sheet & valuation metrics, but may be disappointed by their low dividend yield.

Short-term focused traders will like EA stock’s current momentum, but may be disappointed in the liquidity of their options.

All-in-all EA stock is worth taking a closer look at to see how it can fit into your portfolio’s strategy.

*** I DO NOT OWN SHARES OF EA STOCK AT THE TIME OF WRITING THIS ***

Westamerica Bancorp WABC Stock Analysis

Westamerica Bancorp stock trades under the ticker WABC & has shown recent bullish behavior that traders & investors should take a closer look at.

WABC closed at $61.30/share on 4/22/2022.

Westamerica Bancorp WABC Stock’s Technicals Broken Down

Westamerica Bancorp WABC Stock's Technical Performance Over The Last Year

WABC Stock Price: $61.30

10 Day Moving Average: $59.52

50 Day Moving Average: $60.07

200 Day Moving Average: $57.05

RSI: 58.4

MACD: -0.087

On Friday, WABC stock completed a bullish MACD crossover, on its third consecutive day of gains amidst a volatile broader market landscape.

Their recent trading volume has been above average compared to the year prior, and with an RSI still below 60 there looks to be more momentum behind them.

They will need to break above the $61.55, $61.77 & $62.15 resistance levels as they climb higher.

Westamerica Bancorp WABC Stock As A Long-Term Investment

Long-term oriented investors will like WABC stock’s valuation metrics, with a P/E (ttm) of 18.34 & a P/B (mrq) of 1.92.

They recently reported -5.4% Quarterly Revenue Growth Y-o-Y, with -8.9% Quarterly Earnings Growth Y-o-Y.

WABC stock’s balance sheet looks appealing, with $1.13B in Total Cash (mrq)& $164.23M in Total Debt (mrq).

WABC stock pays a 2.73% dividend yield, which looks to be stable in the long-run, with a 51% payout ratio.

77.5% of WABC stock’s outstanding share float is held by institutional investors.

Westamerica Bancorp WABC Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from movements in WABC stock, while hedging against broader market volatility.

I am looking at the contracts with the 5/20 expiration date.

The $60 & $65 calls look appealing, but illiquid; looking out to the 6/17 expiration date there are more liquid $60 calls as well.

There is very limited open interest for puts, making it better to look out until 7/15’s expiration date, where the $60 puts look appealing.

Tying It All Together

WABC stock looks appealing to long & short-term traders alike.

Investors will find their valuation, balance sheet & dividend yield appealing, but may have questions about their future growth prospects.

Traders will like their current momentum path, but may be disappointed by how illiquid their options are currently.

Overall, WABC stock is worth taking a look at to see how it blends into your portfolio strategy.

*** I DO NOT OWN SHARES OF WABC STOCK AT THE TIME OF WRITING THIS ***