Market commentary and analysis insights. Brought to by FM Capital Group.
In this episode with Dale Pinkert, our MD, Lydia Idem review GBPUSD, SPX, GBPJPY, EURGBP and other currencies. They discuss the trends and forecast their movements in the coming weeks/months.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here
The American multinational retail company reached an all-time high at $161.03 in April 2022. This point was reached after price ranged from the latter part of 2021 to March 2022. Following the range, price broke out and headed for the aforementioned point that became the all-time high.
The month of May 2022 ended bearish after the price opened at $154.82 and closed at $128.38. The month of June 2022 has begun on a bearish note but $5 has been lost from the opening price of the month of June 2022 which was at $154.82. In May 2022, the price fell to as low as $117.05. Price last hit this point in July 2020.
RSI showed in Q4 2020 that price has been overbought. The trendline is yet to be broken despite the corrections. The 4-Hr Chart shows there was a gap down in the price of Walmart mid-May 2022. This gap down might close up and it could be an opportunity for the Walmart bulls to push price higher from the current price of $123.30. We might see price reach a new all-time high in the coming weeks.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here
In this episode of UNCHARTED Podcast, our analysts Lydia Idem and Temidayo Mabinuola both reviewed and made forecasts on the following assets:
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here
Davita is a US healthcare service provider with a focus on kidney dialysis services. Davita has over 2800 outpatient dialysis centers in the United States which serves over 200,000 patients. They also have 321 outpatient dialysis centers in 10 other countries serving 3200 patients.
Davita was founded in 1979 and it got listed on the New York Stock Exchange in 1995 at $3.50 IPO price. Price rallied for a few years after the IPO but in the year 2000, price fell to $0.72 per share which is Davita’s worst share price ever since it launched on the NYSE. Since then, Davita’s share price has rallied to an all-time high at $136.62 in August 2021. This is over 100X of the lowest ever price.
When price reached an all-time high, RSI also showed that price had been overbought on the monthly time frame. Price fell shortly afterwards to $94.34 in November 2021. The opening price of Davita at the start of the year 2022 was $114.10. Price rallied to the current year’s high at $124.85. However, the bears are back in action as Davita’s share price closed below $100 at the end of May.
As price consolidates in the next few weeks, we might be seeing a price rally above $100. Our analysts are seeing the price of Davita rise to $120 in the coming months. The recent news of Davita’s partnership with Medtronic to form a new kidney tech company worth about $200million could also trigger a rally from a fundamental analysis standpoint. We’ll see!
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here
Just like many stock prices in Q1 2020, the share price of Halliburton fell from $24.32 at the beginning of the year to $4.33 in the same quarter which was about an 83% loss in its value. This could have been due to the global lockdown from the Covid-19 pandemic.
In hindsight, the all-time high of Halliburton was reached in July 2014 at $74.21. Ever since the price hit that peak on the monthly chart, it has been unable to break that price to the upside. Each time the bulls trigger a rally, the bears respond aggressively and the price is pushed lower. Since the all-time high in 2014, the lowest price Halliburton has hit was the aforementioned $4.33 in Q1 2020.
Halliburton recovered fairly quickly from the Covid hit and began a bull run at the beginning of April 2020. This rally lasted for two years hitting a high of $42.54 in April 2022. In other words, from the lockdown low to this current high, Halliburton has experienced at least 9X in return. The last time Halliburton’s share price hit the current high of $42.54 was in October 2018.
After the high of $42.54 in April 2022, the price fell to reach $33.30 in May 2022. A bounce occurred afterward as the price was able to rally to $42.12 which was on May 31, 2022. There are indications that the bears might push the price lower to $34.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here
Looking at the monthly time frame over the last two decades, NZD has continuously gained against the USD. The highest price within this time span was at 0.88396 which occurred in September 2011. After this time, NZDUSD consolidated for another 3 years after which it began to dip leading to the US Dollar gaining against the New Zealand Dollar.
The first major drop in price brought NZDUSD to 0.61967 in July 2015. There was a bounce in Q4 2015 that initiated a bullish run that lasted till Q3 2017. This upward trend took the price to 0.75525 in July 2017 which was the highest price for that year. After this high, the New Zealand Dollar began to lose against the US Dollar. On the downward trend, price went as low as 0.54704 which occurred during the lockdown, in March 2020 precisely.
There was a jump in price in April 2020 and a bullish run ensued for the next 12 months, shooting price to 0.74678 in April 2021 – a gain of about 2000 pips. This price will be the highest in the year 2021. The bears kicked in again, forming an inverse head and shoulder on the monthly time frame.
Since May 2022, NZD has been rallying against the USD and as a result, the price reached 0.65610 which stands as May’s resistance level. The USD in the coming days or weeks might gain against NZD as price might fall below 0.64271 which is about a 100 pips gain in favor of the US Dollar.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here
Sunrun is an American provider of residential solar panels and home batteries out of San Francisco, California. It was founded in 2007. The firm was able to raise $12million in venture capital funding in June 2008. In 2009, Sunrun closed a Series B funding of $18million. They have had other sources of funds after the Series B.
In 2015, Sunrun went public on NASDAQ at $14 per share with an initial market cap of $1.36billion. Sunrun’s annual revenue as of 2020 was $92million. The lowest point Sunrun’s share price was in the year 2020 was at $7.83. This happened in March 2020. The price dropped to this lowest point from $23.58, where it was just a month before that i.e. February 2020. This was about a 67% loss in its value.
Price jumped dramatically from the then-lowest price of $7.83 in March 2020 to the 2020 high of $82.67 in September 2020. This is about 11X of the lowest price in just 6 months. After this extraordinary rally, the price closed at the end of 2020 at $69.39. There was a temporary rally in 2021 as the price of Sunrun in January 2021 hit $100 for the first time in its history-making it an all-time high.
Ever since this threshold was reached, Sunrun has been on a losing streak. The lowest price of Sunrun this year was reached in the second week of May 2022 at $16.82. Price, however, has been consolidating since mid-April on the weekly chart, and it rallied up from the lowest price to $26 where it currently is. We might be seeing the rally continuing and the price reaching $40 and even more in the coming months.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here
After the full takeover of BodyArmor by Coca-Cola in November 2021, the share price of Coca-Cola had a brief bullish run that took the share price from $56.29 in November 2021 to $67.11 in April 2022, which now stands as the current all-time high for Coca-Cola.
In the month of May 2022, Coca-Cola’s share price dipped from the all-time high down to $62.66. Price rallied shortly afterward and the price reached $66.39. The bears counteracted the rally as the price was pushed down to $59.66. $59.66 is the current support level. In the week of May 23rd, the price rallied and the bulls were able to get the price to $64.68 which was the closing price for the week.
This recent bull run might not be maintained as the bears might overpower the bulls and push price lower to reach $60. If the price eventually breaks $60 to the downside, the price might continue to fall further.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here
The FTSE 100 Index is a share index of 100 companies listed on the London Stock Exchange. The total market cap as of April 2022 was £1.996trillion. It was launched on the Stock Exchange in 1984 by the FTSE group at an IPO price of 1650. Over the last three decades, long-term investors in FTSE 100 have seen its price reach an all-time high of 7900 which occurred in May 2018.
Enter COVID-19. FTSE 100 had been ranging pre-Covid after the all-time high in 2018. In March 2020, the price fell as low as 4800 which could have been a result of the slump in stocks across the world during that time. Following the lockdown ease, price rallied back above 7500 which was close to the all-time high of 7900 in 2018.
Since the beginning of 2022, the highest opening price on the monthly chart is 7523 which was in February 2022. The worst close also was in February 2022 at 7388. RSI gave no indication that price has been overbought both on the weekly and monthly charts. Price is currently in the upper region of the Bollinger Bands on the longer timeframes. A breakout to the upside might occur as price looks to hit a new all-time high at a psychological level of 8000.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stock indices in your portfolio? Schedule a meeting with us here
Since December 2020, EURUSD has been on a bearish trend. Each time the pair tries to gather momentum in the upward direction, the bears counteract the movement and the price heads back downwards. Since Q4 2020, $EURUSD has lost over 1900 pips.
Since the beginning of 2022, the strength of the bulls have been minimal as the price has been pushed downwards in favor of the US Dollar. The war between Russia and Ukraine has led to Russia cutting the gas supply to some European countries and this may be a contributing factor to the weakened Euro. More so, the inflation hitting economies worldwide may also be a reason why major currencies can’t seem to rise against the US Dollar.
About four weeks ago, EURUSD fell below 1.0600 for the first time in five years. On the 13th of May, 2022, the price of EURUSD was as low as 1.0350. However, in the last two weeks, the Euro has appreciated against the US Dollar. Price has been able to rally to 1.0680 which is over 300 pips gain in the last week. In the coming weeks, the bears might push price lower again below 1.0470.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here