NASDAQ Archives - Page 2 of 3

October 27, 2022October 27, 2022

New Entry Point for Potential Investors In Alphabet Inc. Stock

The downward price movement has not been favorable to Alphabet investors since the beginning of this year. Potential Alphabet investors must be looking out for best entry points, but the price keeps moving around the year’s support level at $95.25. The opening price of Alphabet at the beginning of this year was at $144.54, with the first month of the year closing bearish. There was a temporary rally in February that made price hit $152.07, making it the year’s high and also the all-time high.

The price movement since the all-time high was reached has been characterized with lower-highs and lower-lows. The year’s low is currently at $95.58. The market opened today, the 26th of October, and as a result of a gap down, the price is at $96.89, from $104.93 where it closed yesterday. The gap down might be closed in the coming weeks as price rallies to reach $100. If Price eventually reaches $100, this might be a good entry point for potential investors in Alphabet Inc. as price makes its way to $138.

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

August 9, 2022August 9, 2022

This Company Made 77% This Week, Karuna Therapeutics

Karuna Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing novel therapies to address disabling neuropsychiatric conditions. It specializes in research, development, commercialization of numerous central neural system agents and products targeted at a broad range of psychiatric and neurological conditions. The biotech, Karuna Therapeutics released its 2022 second quarter results yesterday, apart from this news, the karuna’s experimental psych medication, The share price appreciated 77% yesterday. The yesterday’s rally led to Karuna Therapeutics reach an all-time high at $245.00.

$KRTX had its IPO at $17.95 on the June 19, 2021. The price fell to a new low in October 2019 at $10.75. The previous all-time before the rally yesterday was at $162.00 which was in November 2021. There was a gap-up yesterday which led to the all-time high at $245.00. On the weekly chart, the RSI is already is already overbought. There could be a reversal from the all-time in the coming days. The price of $KRTX could fall below $200.

August 1, 2022August 1, 2022

Hertz Share Price Jumps

Hertz Corporation is a subsidiary of Hertz Global Holdings, Inc. Hertz is an American car rental company based in Florida. The company operates approximately 12,000 corporate and franchisee locations, both domestically and internationally. Since Hertz had its IPO in October 2020, it has been a jolly ride for its investors. Price at IPO was at $1.20. At the time of IPO, global companies were gradually resuming operations post lockdown. There was a range in price from October 2020 to May 2021 where price moved between $0.43 and $2.69. After the breakout in price in May 2021, there has been a phenomenal increase in the price of Hertz. In November 2021, price reached $46.02, which stands at the all-time high.

RSI has shown on the weekly chart that price has been overbought since May 2021. Despite this indication, price rallied to the all-time high. The year’s opening price was at $25.96. The year’s current low is $15.33 which was hit in February 2022. The Hertz shares have not been doing so well this year because of the price ranging between $14 and $26.02. A gap-up occurred yesterday which made price reach the $20 psychological level yesterday. This could be a huge relief for investors in 2022. This rally might continue as price could hit $24 in the coming weeks.

June 6, 2022June 6, 2022

Kidney Dialysis Firm, Davita, Loses 2022 Gains

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!

May 30, 2022May 30, 2022

Sunrun Rallies After Hitting Lowest Point Of The Year

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.

May 2, 2022May 4, 2022

Coinbase Share Price On A Catastrophic Descent

Coinbase was one of the most promising stocks of 2021 because right on the first day it launched on NASDAQ, its share price shot from $379 to $428 in less than 24 hours. This price rise led many investors to buy into Coinbase as they expected the price to keep up the bullish momentum. However, it seems fortune was not on the side of Coinbase after all.

For the first 6 weeks post-IPO in April 2021, the price began its descent, but investors didn’t worry. The price then began to range from that time until October 2021. At the end of October 2021, the price closed at $318. Afterward, the price began a long-awaited rally that pushed the price to $368. But this price will end up becoming the high in Q4 2021. Since then, Coinbase’s price has been remarkably bearish. Despite being the month of its high, November managed to close on a bearish note. The months that followed – from December 2021 to April 2022 – have all closed with a bearish candlestick.

As mentioned earlier, Coinbase’s price has been majorly bearish since the end of the IPO day on April 14, 2021. All investors that bought Coinbase post-IPO day are at a loss, and the loss seems to be getting worse by the day as the price plunges to the $100 psychological level. RSI indicates an oversold position on the daily and weekly time frames which could be an indication of a possible rally. Our analysts look forward to the formation of an inverted head and shoulder pattern on the charts. If this happens, bulls can pick up some steam and push the price above $200.

January 20, 2022January 20, 2022

Western Union Investors Are Having A Relief

The Western Union Company is a leader in cross-border, cross-currency money movement and payments. The share price of Western Union nosedived from April 2021 at $26.55 to reach a new low at $15.67 since October 2014. Just like many other stocks, $WU share price fell from a price level at $28.44 to $17.44 during the lockdown in 2020. The ease of lockdown from 2020 to the year 2021 made the price rally reach $26.64, a few points from the 2020 resistance level at $28.44. All Western Union profits made in 2021 were lost as a result of the price dip to $15.67.

A bounce from the support level at $15.67 started at the end of 2021. The $WU market closed yesterday at $18.77, which is a 17% rally. Whether price continues to rally or continue the fall is a major concern for the $WU investors. Since the price rallied above $15.67 in the year 2013, which is now the support level, the price is yet to close below it. Towards the end of last year, Western Union announced Devin B. McGranahan as the new Chief Executive Officer after Hikmet Ersek announces retirement at the end of 2021. The new CEO was able to appoint the new Board of Directors. Investors are hopeful that the appointment of the new CEO will bring about growth in the company’s share price.

The Weekly Chart shows price is oversold on the RSI but still maintains the lower region of the Bollinger bands. $WU has a loss of 19% from 2021’s opening price. Nevertheless, the share price of $WU has been ranging since the beginning of this year. The price might drop to $16.16 if issues around sanctions continue among the world powers, as payments may be delayed and the cost of international payments might be increased. Later in the year, the price could appreciate to $25.16.

Some of these ideas are in our clients’ portfolios. To understand which ones can work for you or for help to invest for your own wealth, talk to our advisors at FM Capital Group. Would you like more information on Investment Advisory, Portfolio Services, and VC? Schedule a meeting with us here.

January 18, 2022January 18, 2022

Robinhood Trades Below IPO price

Robinhood opened at an IPO price of $38 and was valued at $32 billion on the 29th of July, 2021. $HOOD only rallied for a few days after its IPO to reach an all-time high on the 4th of August 2021 at $85.10. The first 5 trading days were the best days for $HOOD investors. Price closed yesterday at $15.17, making it the worst close since its launch on NASDAQ in July 2021. $HOOD has lost 56% in value from the IPO since it currently trades lower than the IPO price of $15.17. This is a huge disaster for Robinhood investors. The current market cap of $HOOD is $12.67 billion. Since its launch in the stock exchange at IPO price to date, $HOOD has lost $25.33 billion. Robinhood has only been trading in the exchange for just 7months.

Before its IPO, the company had seen massive growth despite the pandemic. Many first-time investors who were given stimulus checks invested in the stock market using Robinhood. As at that time, Robinhood had more than 18 million accounts and 17.7 million active monthly users. Robinhood had 22.5 million active users in 2021. On the daily chart, RSI has shown that the price has been oversold since November 2021. There have been many complaints from Robinhood customers over the inability to place a sell order or to a close position despite losses. We are hoping $HOOD doesn’t get to the point of being delisted from the NASDAQ.

January 13, 2022January 13, 2022

Coca-Cola Reaches An All-Time High

Since Coca-Cola acquired BodyArmour, the share price has continued to appreciate in value, which was spot on according to our analysts. Coca-Cola is one of the very few companies that has existed for 100years and the share price keeps rallying. According to Coke, Fresca is surging in popularity recently, as the fastest-growing soda trademark in the beverage giant’s U.S. portfolio. Coca-Cola has seen a reason to team up to create ae alcoholic Fresca cocktails. The previous all-time high of $KO was at $60.15 which was February 2020.

Since the previous all-time high was reached at $60.15, the price of Coca-Cola fell by almost 50%, which was a result of the global lockdown. Since the ease of the lockdown, the appreciation has occurred gradually till it surpassed the $60.15. A new all-time was reached on the 5th of January, 2022 at $61.15. On November 4, 2021, our article on the acquisition of Body Armour shows that price could rally, price has eventually rallied. Will Coca-Cola, a non-alcoholic company teaming up with an alcoholic company like Fresca should be a reason for a price drop in the value of Coca-Cola?

This might be a reason our analysts are forecasting the price to drop to $53.90, which is about a 10% dip in price. Or could be it a result of Coca-Cola CEO James Quincey in October 2020 getting rid of beloved beverages. This means he was killing off half the company’s portfolio. Since the beginning of this year, the all-time high has been reached, the price has been ranging, which shows consolidation. On the daily chart, RSI still shows price has been overbought as the price maintains the upper region of the Bollinger bands. Though the bulls took over from the bears in December 2021, there are indications the bears are gathering momentum.

November 4, 2021November 9, 2021

Opendoor Is About To Open A Bullish Door For Investors

Opendoor Technologies Inc is an online company for transacting in residential real estate headquartered in San Francisco. Now, many real estate investments have done quite well since the lockdown. $OPEN’s IPO price in June 2020 was at $10. Since the IPO, the price has been able to reach $40, which is 4x, before this year’s price drop to the support level at $13.60. The all-time high price of Opendoor is currently at $39.77, which was reached in February 2021. Hope might be rising for investors as the second half of the year has brought about a significant rally in the price of $OPEN from the support level at $13.60 to the most recent high at $25.45.

The candlesticks have crossed to the higher region of the Bollinger Bands on the weekly, which signals that this could be a continuation of a rally. But in the last 3 trading weeks, the price is yet to breakout of the second half of the resistance level at $25.24. This week looks like a bearish one for $OPEN investors, as almost all gains in the month of October have been lost in the last 4 trading days.

A range in price has been occurring since May 2021, when the share price fell close to the IPO price at $10. The price range is between $13.48 and $18.56. Price of $OPEN closed on Wednesday at $20.86. If more bulls invest in $OPEN, the price might reach a new resistance at $30.56. The 4hr chart shows price has been able to breakout to the downside with this week’s correction. It could be a fake breakout.