STOCKS Archives - Page 5 of 13

October 19, 2022October 19, 2022

Carnival Corporation Share Price Bounces from Support Level

Carnival corporation &plc is a British-American cruise operator with a combined fleet of over 100 vessels across 10 cruise line brands. Carnival corporation had its IPO in July 1987 at $3.94 per share. Carnival corporation is listed on NYSE and LSE. As of this year, the total staff of Carnival corporation stands at 150,000.

Carnival corporation & plc announces offering of $1.25 Billion for refinancing to be issued by Carnival Holdings in Bermuda. This news could have been the reason for an uprise in the price of Carnival yesterday, with 11.14% appreciation in price.

Over the years as price rallied, $CCL reach an all-time high in January 2018 at $72.85 and fell to $8.08 as a result of the 2020 pandemic. Post-Lockdown, a rally to $31.83 occurred in 2021, which currently stands as a a two-year high. Before the 11.14% rally yesterday, the price of $CCL fell to $5.89, which makes it the lowest price since 1991. We might be seeing a rally to $11 in the coming weeks from its current price at $8.08.

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

October 18, 2022October 18, 2022

Cloudflare Stock Appreciates By 13%

Since the crash of Cloudflare’s share price from the all-time high at $221.53 in November 2021, the price has failed to rally. Each time it attempts a rally, it is counteracted by a more aggressive bearish force.

All Cloudflare investors since January 2021 are currently at a loss. The current price of Cloudflare’s share is $51.72 while the current low for the year 2022 is at $40.03. Despite the crash in price, Cloudflare is still trading above its IPO which is $18.

On October 17, 2022, Cloudflare’s share price saw a 13% gain. Despite this recent rally, the bears might push price to a new year’s low.

October 7, 2022October 7, 2022

AMC Entertainment Holdings Loses 10% In 24 hours

In December 2013, AMC had its IPO at $11.80. Since its IPO, it rallied to form a high at $22 in 2015. In 2016, it fell again to $11.93, a slump that plunged the price almost back to the IPO level. Towards the close of 2017, it rallied back to 2016’s high which completed a double top pattern.

The double top led to a price reversal in 2017 as price dipped to $1.23 in 2020 as a result of the global lockdown. There was a relief in 2021 as price rallied to an all-time high at $44.85 which was in June 2021. The following month, which was July, price reversed and a bearish turn began. Since July 2021 till date, AMC Entertainment stock has been falling.

In 2022, using the monthly chart, all candlesticks have been trading in the lower region of the Bollinger Bands. Since the all-time high in June 2021, RSI has indicated that price has been overbought. Our analysts forecast a rally to $10 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 stock in your portfolio? Schedule a meeting with us here

September 14, 2022September 15, 2022

Goldman Sachs Share Price Bounces From Support

Investors who bought Goldman Sachs shares in the beginning of 2022 have not had a pleasant time in the stock market so far. Goldman Sachs’ price opened in 2022 at $386.85 per share. Two days later, it rallied to $413.32 which stands as the year’s high. Since then, Goldman Sachs’ share price has been falling. This bearish run plunged the price down to $277 in July 2022 which simultaneously stands as the year’s low and the current support level of the year.

In the second half of July, Goldman Sachs share price saw a bounce from the year’s support level which pushed price to $359. This price was hit on the 16th of August. $359 is currently the resistance level of the second half of the year. In the last two weeks of August, the bears were able to push price down from the resistance level to $322.65. This stands as the most recent support level as the candlesticks of the last four trading days have closed bullish.

Price is currently at $342.85. Despite indications that price has been overbought on the RSI hourly time frame, there is a tendency that price will rally further to break the current $359 resistance mark to the upside.

September 2, 2022September 2, 2022

Apple Share Price Drops

Stock prices generally dropped in the last few days. The opening price of Apple at the beginning of this year was at $177.94. The least price of $AAPL in the first quarter was at $150. The support level at $150 was not maintained in the second quarter as price of $AAPL fell to a new low at $129.04 mid-June. This fall might just be a correction. Apple investors had a sign of relief in the last two weeks of June when a bounce from 2022’s low at $129.04 reached $176.02. The past few days has not been favorable for Apple investors as price fell.

Apple has been known for privacy, hence the reason for the increase in sales year-in, year out. Just yesterday, the news of Apple’s Chief Privacy Officer, Jane Horvath leaving the company for a law firm was released. Horvath joined the company in 2011. This could have resulted in the recent fall in Apple’s share price. There could be price recovery in the next few weeks, as price could bounce to $173 from its current price at $156. RSI on the 4hr Chart shows price is oversold.

August 25, 2022August 25, 2022

Tesla Splits Stock For The Second Time In 2 years

Tesla split stock for the second time in 2 years

For the second time in two years, Musk’s Tesla has split its stocks. The stock is to split by 3 for 1 and was to take effect at the close of yesterday’s trading day, 24th of August, 2022. Due to the split, the share price of Tesla closed at $302 per share.

On the 19th of May 2022, we published an article where we made a forecast that Tesla’s share price will fall to $600. As of the time of publishing the article, Tesla’s share price was $709. Immediately after our forecast, Tesla’s share price dropped to $620 after which it began to rally. We are correct to say that our forecast reached its mark only that this 3:1 split has disrupted the price as Tesla is now trading at $300 per share.

According to our analysis, following this stock split, Tesla’s share price might range around $300 psychological level for the next few months. This means that we don’t see Tesla’s share price reaching $400 this year.

August 17, 2022August 17, 2022

Walmart Bulls Set To Recover

The opening price of Walmart at the beginning of 2022 was at $144.03 per share. Price ranged for the most part of January before the bears took control, although this bearish turn was for a short period of time. The first major support level of 2022 was at $132.02 per share which was in February. From that support level, Walmart’s bulls pushed price to a new all-time high in April at $160.77.

After the all-time high was reached, the next trading day opened with a bearish turn as price went as low as $117.16. This price doubles as both the current year’s low and the current support level. Since that year’s low, each time the price tried to rally, the bears counteracted the bullish movement. On the daily chart prior to the fall to the $117.16 support, there were a few gap downs which are yet to retrace.

On the 16th of August, there was a gap up from the close of the 15th. The close of the 15th was at $132.56. The opening price of the 16th was at $138.81, about a 5.1% increase in a single day. This gap up could be a light at the end of the tunnel for Walmart investors as it could lead to a rally to a new all-time high above $160. RSI on the daily chart indicates that price is oversold. The daily chart also shows that the candlestick is in the upper region of the Bollinger Bands.

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 5, 2022August 5, 2022

SPX Continues To Rebound

In the second trading day of January 2022, SPX hit $4800 which is the all-time high. Afterwards, SPX experienced lower lows and lower highs which resulted in a fall in price to the 2022 low of $3635 in mid-June 2022. While SPX fell between January and June, it established a couple of resistance levels with the last resistance level before the year’s low being at $4179 which was in the beginning of June.

Since the 2022 current low of SPX which was reached in June at $3635, the price of SPX has continued to rally. This rally has taken the price above the $4000 psychological level. In the last 5 trading days, the price of SPX has been able to close above $4000 as the current price is at $4152. A breakout from the June resistance level may occur and price could reach $4200 but this is not guaranteed.

The reason why the upside movement of SPX can’t be guaranteed is because the momentum on the bulls is waning. On the flip side, whether price reaches $4200 or not, the bears might eventually take over and push price below the current low and a new low might be formed below $3635 as RSI is currently showing that price is overbought on the 4H timeframe.

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.