NASDAQ Archives - Page 3 of 4

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.

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.

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.

October 27, 2021October 27, 2021

Tesla Share Price Reaches An All-time High

The American electric vehicle and clean energy company, Tesla surged to a $1 trillion valuation yesterday. The last two trading weeks have been bullish for $TSLA as the price broke the previous resistance level at $900 as the price closed at $910 on the week of the 22nd of October, 2021. The market opened this week, the 25th of October with a gap up at $946.71, then the price rallied $1092.07 which makes it an all-time after the last stock split that took place on August 31, 2020. The split was a 5 for 1, meaning for each share of TSLA owned pre-split, the shareholder now owned 5 shares.

Since March 2021, Tesla’s price has maintained a support level at $543.32 after the initial breakout to the upside in November 2020. Price retraced to touch the support level both in March and March 2021, before the most recent bullish movement to the all-time high. On the weekly chart, there are a few gap-ups in the last few days, which indicates a possibility of a reversal of price below $1,000. Price has maintained the upper region of the Bollinger bands since the beginning of the second half of the year.

On the daily chart, the market closed yesterday with a Doji after reaching a new milestone. The price might reverse to close the gap ups, which might reduce the $TSLA share again below $1,000. Price has crossed to the overbought region of the RSI, this indication might lead to a reversal.

September 7, 2021December 17, 2021

AstraZeneca’s Share Price Reaches A New Resistance Level

$AZN share price reached a new resistance at $60.87 in July 2021, after millions of doses were rolled out across the world. As of yesterday, 40.6% of the world population has received at least one dose of a Covid-19 vaccine. There have been several cases of countries halting the use of the $AZN vaccine as a result of rare cases of blood clots. The share price of major vaccine companies like Moderna, BioNTech-Pfizer, Sinovac had a shortfall. As many companies are making it mandatory for their workers to be vaccinated, more of these vaccines will be rolled out. As many companies are beginning to return to the office, incentives were given to the workers for receiving the Covid-19 jab. Workers who fail to receive the jab might risk termination.

Companies like American Airlines, Bolthouse Farms, Dollar General, Instacart are paying workers after being vaccinated. The price of $AZN went as low as $46.38 in February of this year as several issues were raised across all vaccine manufacturing companies, majorly for blot clots. Since July, $AZN has been consolidating around the resistance at $60.83. The price might drop in the coming weeks as some workers of companies might tender resignation because the vaccines are made mandatory, which deprives them of their human rights. Since May 2021, RSI has shown three indications of the price being overbought.

May 3, 2019January 22, 2020

Google Recently Had A Huge Gap Down

Our last analysis on Google shows the share price was going to rise. . Price was able to go beyond the expected resistance level of 1123.23. The bullish movement from last year was able to reach 1288.30 on the 29th of April 2019. At the last trading day of April, a gap down occurred which confirmed the beginning of a downtrend. RSI at two different occasions between March and April had shown overbought positions.

Ichimoku is yet to show a reversal, but shows the $GOOG bulls are still in charge. The gap down which occurred made price of $GOOG on the Bollinger band to cross to the lower region of the chart which is presently in the Ichimoku cloud. The share price of $GOOG is currently at 1168.89. Now that price has crossed to the lower region of the Bollinger bands, this could make price to continue to fall more to 1106.41. $GOOG lost about 100points after the gap down. As we await price to continue the downward trend, it might still lose 150points more.

November 27, 2018February 24, 2020

For Procter & Gamble, The Bulls Might Give Up Soon

After a experiencing a huge fall early in the year, the price of $PG gained momentum for a rise in June. Since June, it has all been bullish for the $PG shares, moving over 2000points in 2018. Just two weeks ago, the price of $PG reached 94.88, the highest point in the year. Though a bearish movement occurred in the second week of October for a short while, the bulls took over again. Price is yet to be oversold due to the active roles of the bulls.

Unlike many other stocks, $PG finished October with the bulls in charge. Price is currently at 91.94. After the new high of 2018 was reached, a reversal has begun indicating a bearish move in $PG. Price is yet to cross the lower region of the Bollinger band. The Ichimoku too shows a bullish future. However, a breakout to the downside has occurred from the trendlines showing the beginning of a correction. RSI indicates an overbought position which has previously occurred at three different instances. Though $PG outperformed this year, price action now signals a consolidation period that could lead to losses.

Source: Why Procter And Gamble Is Now All The Rage On Wall Street (NASDAQ)

October 23, 2018

Hewlett Packard Might Gain Momentum Despite Trade Wars

This year has been a smooth year for $HPQ holding on to a bullish trend until the first week of this month when a sharp bearish movement started. This price movement touched the resistance level and couldn’t stay above it. Price retraced itself downwards touching the middle band line, further breaking the line until price touched the lower band line. Over one week, the price of $HPQ has been in a range hoping for a breakout. $HPQ has decided to boost their presence in the printing market through innovations which could drive the share price higher.

RSI undoubtedly was overbought before the bearish movement. Now it has shown an oversold position again preparing for a bullish movement. Price is at level 23.33 and could move higher to 26.30, still maintaining the resistance level. The all-time high price in $HPQ is at the highest resistance level. Price first touched this point in July 2000.

Source: HP Upgrades Sprocket To Boost Presence In Printing Market (NASDAQ)