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APPL chart analysis for for mid october apple is primed for more consolidation, mini inverted head and shoulders may form tomorrow sending the price up in to a bigger head and shoulder pattern forming the right shoulder. Rsi is on a down trend as of today. I except support to pick up at 216-217 when we hit the lowest trend formed over the past few months. I do not expect the lower trend line to break for even 1 bar it should be a clean tap and go. The chances of this happening overnight are high if a break under 220 occurs by mid day and we lower towards 217 that would be a signal for me to enter 5 minutes before close.
NASDAQ:AAPLLong
by TrendsandCycles
Natera, Inc. Uptrend: The stock has been in a strong uptrend, especially since the early part of 2024, as shown by the consistent pattern of higher highs and higher lows. The stock recently bounced back after a brief pullback and is attempting to break the resistance level around the $133.54 mark. Bollinger Bands: The price is trading near the upper Bollinger Band, which may suggest that the stock is nearing an overbought condition. However, in an uptrend, prices can remain at the upper band for extended periods. Resistance: The price has faced resistance near the $133.54 level, which is close to its current price. A clean break and close above this level would likely lead to further bullish momentum. Support: The moving average and lower Bollinger Band near the $120 level provide strong support. Any retracement towards this area may attract buyers. The volume has been moderate, but the price continues to rise, showing a positive price-volume relationship. There was a notable volume spike in early May, coinciding with a strong upward move, indicating strong buying interest at that time. Bullish Scenario: If the stock can break above the $133.54 resistance level with strong volume, it could lead to a further rally, pushing prices towards the next psychological level of $140. Bearish Scenario: If the price fails to break resistance and falls below the moving average and the lower Bollinger Band around $120, the stock may see a correction towards the $105-$110 range. Overall, the stock is in a solid uptrend, and the breakout above $133.54 could signal further gains. However, traders should be cautious of potential resistance and overbought conditions.
NASDAQ:NTRALong
by Sahrin
BTFD Buy the dip dont trip NIO Still has more appreciation in price before meeting market expectations by what analysts on wall street say. Trump win good for China as a trade deal already in place. Valuations are at extreme value-stock valuation levels based on earnings multiples. Prices went parabolic and overshoot in many but some are still budding. Some pullback is expected so buy the dip. Also, the finance governor in China didn't say he was not going to use the bazooka he just said he didn't have a specific plan, but still affirmed a "Bazooka" massive stimulus.
NYSE:NIOLong
by CurrencyCapital
Palo Alto Networks Surge 5.4% Amidst Cybersecurity BoomPalo Alto Networks (NASDAQ: NASDAQ:PANW ) has emerged as a key player in the booming cybersecurity industry, as the demand for robust cyber defense solutions surges across enterprises worldwide. With the rise of ransomware attacks, data breaches, and an increasingly complex digital environment, NASDAQ:PANW has experienced strong momentum in both stock performance and financial growth. Backed by its industry-leading cybersecurity solutions and a strong strategic alliance with Tata Communications. Robust Financials and Strategic Partnerships Palo Alto Networks (NASDAQ: NASDAQ:PANW ) has seen a remarkable turnaround in its financial performance in recent years. In 2022, after years of losses, the company finally achieved profitability thanks to the rapid rise in cybersecurity demand. This trend has continued, with the company posting strong financial results in its Q4 FY2024 presentation. The stock, which traded in the $50 range in 2019, has soared to over $300 in 2024, reflecting Palo Alto’s growing dominance in the sector. One of the critical factors driving this success is the company's ability to stay ahead of the curve in cybersecurity innovations. As ransomware attacks increase—up by over 50% since 2022—corporations are turning to Palo Alto Networks (NASDAQ: NASDAQ:PANW ) to safeguard their digital infrastructures. This trend has positioned NASDAQ:PANW as a market leader, securing the largest share of the global cybersecurity industry. Palo Alto Networks (NASDAQ: NASDAQ:PANW ) recently expanded its reach through a strategic collaboration with Tata Communications, a global leader in digital transformation. This partnership, announced on October 8, 2024, will deliver a unified, cloud-based cybersecurity platform aimed at enterprises dealing with increasingly sophisticated cyber threats. Tata Communications will leverage Palo Alto’s leading-edge technologies to offer enhanced cyber resilience for global businesses, particularly in sectors like network and cloud security, threat detection, and security assessments. The collaboration will bring several key benefits to enterprises, including: - Proactive threat isolation and response through a unified, cloud-delivered security solution, powered by Palo Alto’s Zero Trust Network Access (ZTNA) 2.0 and Secure Access Service Edge (SASE). - Cost efficiencies by consolidating multiple security vendors into a single managed provider. - Optimized security posture with simplified deployment and real-time analytics for quicker threat detection. Technical Analysis: Poised for a Breakout From a technical perspective, Palo Alto Networks (NASDAQ: NASDAQ:PANW ) is displaying bullish signals that point toward potential new highs. At the time of writing, the stock is up 4.81%, trading in a modest bullish terrain while forming a symmetrical triangle pattern—a classic continuation pattern that often leads to breakouts. The RSI (Relative Strength Index) currently sits at 59, which is in neutral territory but edging toward bullish momentum. This places the stock in a position to test the resistance pivot at $380. Should PANW breach this resistance level, it could catalyze a new bullish trend, sending the stock to even higher levels. The stock is also trading above key moving averages, with the price action running in tandem with the RSI, supporting further upward movement. Additionally, the cybersecurity sector as a whole is experiencing increased investor interest due to rising cyberattacks and stricter regulatory requirements, which bodes well for companies like Palo Alto Networks (NASDAQ: NASDAQ:PANW ) that lead in this space. Why Palo Alto Networks is a Strong Buy The combination of Palo Alto Networks’ solid financials, strategic partnerships, and strong technical setup make it a compelling investment in the cybersecurity space. The company’s ongoing profitability, bolstered by increasing global demand for cybersecurity solutions, sets the stage for continued growth. The partnership with Tata Communications adds an additional layer of credibility, as the two companies work together to address the evolving cyber threat landscape through cutting-edge technologies. Investors should also take note of the bullish symmetrical triangle pattern forming on the stock's price chart, with the potential to break above the $380 resistance level. Coupled with a strong RSI and positive momentum, Palo Alto Networks (NASDAQ: NASDAQ:PANW ) is primed for growth in the near term. For those seeking exposure to the cybersecurity industry, Palo Alto Networks offers a strong balance of financial health, innovation, and technical growth potential. As cyber threats continue to rise globally, PANW’s market leadership and strategic positioning make it a stock worth watching closely.
NASDAQ:PANWLong
by DEXWireNews
Penske Automotive Group, IncKey arguments in support of the idea. • The robust state of the U.S. automotive market suggests potential revenue growth for PAG in the upcoming years. • PAG's stock appears undervalued when compared to its historical average levels. Investment Thesis Penske Automotive Group Inc. (PAG) is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. According to full-year 2023 data, approximately 85% of the company's revenue was generated from the retail sales of passenger cars, with 55% of these sales occurring in the U.S. and 40% in the U.K. Additionally, PAG own 28.9% of Penske Transportation Solutions, a business that manages one of the largest and modern trucking fleets in North America with trucks, tractors, and trailers under lease, rental, and/or maintenance contracts. U.S. light vehicle sales volumes are witnessing continuous growth, while selling prices have begun to stabilize. This scenario is favorable for sustained revenue growth for Penske Automotive. According to our automotive analyst Mike Ward, U.S. new light vehicle sales in the third quarter increased by 0.7% y/y, after adjusting for days sales data from the same period last year. For the entire year of 2024, U.S. new light vehicle sales are projected to reach 15.7 million units, reflecting a 1% y/y increase, marking the highest level since 2019. Looking ahead to 2025, the growth rate could accelerate to 3.5% y/y, with sales reaching 16.25 million vehicles. Approximately 40% of PAG Motors' total revenue is derived from new car sales. Meanwhile, used passenger car sales in the U.S. have stabilized at around 3 million units monthly since February, aligning with 2023 sales figures. This trend further supports the robust performance of the company’s used car segment, which contributes 30% to its total revenue. Additionally, the average prices for U.S. auto sales are showing a minor year-over-year decline, although they remain near record highs observed over the past three years. We anticipate that PAG's revenue will reach $30.16 billion in 2024, marking a 2.1% increase year-over-year. Looking further ahead, 2025 could see revenue climbing to as high as $31.37 billion, a 4.0% y/y increase. Penske has crafted a disciplined and well-balanced capital allocation strategy. In a conversation with Mike Ward, Roger Penske highlighted that the company's management team, who are also significant shareholders, is deeply committed to the continual payment of dividends. The company boasts a track record exceeding a decade of annual dividend payouts, with an average annual growth rate of over 17% in quarterly dividend disbursements since the start of 2014. This financial discipline is underpinned by robust and reliable cash flow, enabling the company to consistently execute share repurchases each year. Roger Penske elaborated that management takes a comparative approach to profit distribution, always scanning for opportunities to scale the business. When the prospective returns from new acquisitions surpass those anticipated from stock buybacks, the company opts for expansion. We project that, by 2025, the overall cash return to shareholders through dividends and buybacks could approximate 5.4% of the company's current market capitalization. The valuation of PAG shares appears compelling when compared to historical averages. Historically, over the last 20 years, the PAG stock valuation has fluctuated within an EV/EBITDA multiple range of 8.5x to 9.5x. For 2024, we project the company's EBITDA might reach as much as $1.47 billion, with the potential to climb to $1.5 billion in 2025. If the company aligns its valuation closer to the historical average EV/EBITDA multiple, the stock could present a potential upside nearing $200. The target price for shares of Penske Automotive Group Inc. over the next 12 months is set at $200, with a “Buy” recommendation.
NYSE:PAGLong
by FreedomHolding
If Nvidia can break out, 170 is in the cardsNvidia has experienced significant volatility over an extended period. However, it appears poised to enter a new phase of price discovery in the near future. Currently, the stock is approximately 6% below its all-time high, and a breakout above this level could signal movement towards the next resistance zone around 170. This target is supported by both a 1-to-1 extension and a 1.618 Fibonacci expansion. With 37 days remaining until the next earnings release and the upcoming presidential elections, heightened volatility is expected. It is possible that Nvidia may reach the 170 level in the coming months.
NASDAQ:NVDALong
by madsroland