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Tesla Leveraged ETFs Hit A Death Cross: Is A Short Squeeze Next For TSLL, TSLR?
Benzinga· 2025-04-03 17:39
Core Viewpoint - Tesla's stock has experienced significant volatility in 2024, leading to a bearish technical indicator known as the Death Cross for its leveraged ETFs, raising questions about future performance and potential buying opportunities [1][2]. Group 1: Stock Performance - Tesla's stock is down over 30% year-to-date and has decreased by 7% in the past month, negatively impacting its leveraged ETFs [2]. - The Direxion Daily TSLA Bull 2X Shares (TSLL) is down nearly 60% year-to-date, while the GraniteShares 2x Long TSLA Daily ETF (TSLR) has declined by almost 59% [2]. Group 2: Technical Indicators - A Death Cross has occurred for both TSLL and TSLR, where the 50-day moving average has fallen below the 200-day moving average, typically indicating a prolonged downside [2]. - Despite the bearish signals, Tesla's stock is currently priced at $266.18, above its 20-day simple moving averages (SMAs), suggesting short-term buying pressure [3]. Group 3: Market Sentiment and Future Outlook - Traders face a dilemma between riding the bearish momentum or betting on a potential turnaround, as Tesla's trend is stagnating but not collapsing [4]. - If Tesla maintains strength above its shorter-term moving averages, a short squeeze in TSLL and TSLR could occur, but if the Death Cross remains valid, further declines may follow [4].
PayPal Stock's Death Cross Looms - Will It Trigger A Turnaround?
Benzinga· 2025-04-01 19:01
Core Viewpoint - PayPal Holdings Inc. is facing a bearish trend indicated by a potential Death Cross, with analysts maintaining an optimistic long-term outlook despite recent stock struggles [1][3]. Technical Analysis - PayPal stock has declined 23.7% year to date and 5.7% in the past month, struggling below key moving averages, which reinforces a bearish trend [1]. - The Moving Average Convergence Divergence (MACD) indicator is at a negative 2.21, indicating further downside risk, while the Relative Strength Index (RSI) is at 32.09, approaching oversold territory [2]. Analyst Outlook - Mizuho maintains an Outperform rating with a price target of $96, citing growth potential in Pay with Venmo, which is expected to grow over 40% annually, potentially boosting overall transaction margin dollar growth [3]. - PayPal's valuation is at 17 times its estimated 2026 earnings per share, slightly above the median for legacy payments firms but below historical levels, with strategic initiatives justifying this premium [4]. Strategic Initiatives - PayPal is focusing on growth plans, including the appointment of Joy Chik from Microsoft to the Board, signaling a commitment to AI-driven innovation [5]. - The decision by Apple to open its NFC chip to third-party apps could enable PayPal to expand its tap-to-pay services, which may significantly impact mobile payments [5]. Future Prospects - Despite the current bearish trend, if PayPal's strategic initiatives gain traction, there is potential for the stock to recover and defy skeptics [6].
Information Services Group (III) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-04-01 14:55
Core Viewpoint - Information Services Group, Inc. (III) is showing bullish potential due to a recent technical indicator known as a "golden cross," which suggests a possible breakout in the stock price [1][2]. Technical Analysis - III's 50-day simple moving average has recently crossed above its 200-day moving average, indicating a bullish trend [1]. - The golden cross pattern typically involves a downtrend followed by a crossover of shorter moving averages over longer ones, leading to a positive trend reversal [2]. Performance Metrics - Over the last four weeks, III's stock price has increased by 29.9%, indicating strong upward momentum [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting a neutral outlook [3]. Earnings Outlook - There have been no earnings estimate cuts for the current quarter, with one revision higher in the past 60 days, indicating a positive earnings outlook [3]. - The Zacks Consensus Estimate for III has also seen an increase, further supporting the bullish case for the stock [3]. Investment Consideration - Given the significant technical indicator and the positive movement in earnings estimates, investors are encouraged to consider adding III to their watchlist [5].
Jim Cramer threatens to ‘expose' those ‘lying about Nvidia'
Finbold· 2025-04-01 14:16
The 2025 stock market downturn appears to have gotten to the legendary yet frequently mocked Mad Money host Jim Cramer. Indeed, the popular TV personality has started to defend his favored stock picks with relentless vigor in his X post, with a prime target of his ire being directed toward Nvidia (NASDAQ: NVDA) bears. At the tail end of a five-part tweet series published on April 1, Cramer warned that many are lying about NVDA and that he would, unless they stop, 'expose them.' The death cross has already o ...
Sky Harbour Group Corporation (SKYH) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-03-31 14:55
Sky Harbour Group Corporation (SKYH) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SKYH's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving av ...
Adma Biologics (ADMA) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-03-26 14:55
Technical Analysis - ADMA Biologics Inc has reached a key level of support, with its 50-day simple moving average crossing above the 200-day simple moving average, indicating a "golden cross" [1] - A golden cross is a bullish technical chart pattern that suggests a potential breakout, formed when a stock's short-term moving average surpasses its long-term moving average [1][2] Market Performance - ADMA has experienced a rally of 31% over the past four weeks, indicating strong upward momentum [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting positive market sentiment [3] Earnings Outlook - The earnings outlook for ADMA is positive, with no earnings estimates decreasing in the past two months and two revisions higher, leading to an increase in the Zacks Consensus Estimate [3] - This positive earnings outlook further solidifies the bullish case for ADMA [3] Investment Consideration - Investors are encouraged to consider adding ADMA to their watchlist due to the significant technical indicator and the positive movement in earnings estimates [4]
Jim Cramer calls Nvidia stock a ‘shortsellers paradise'
Finbold· 2025-03-24 13:51
Core Viewpoint - Jim Cramer has referred to Nvidia stock as a 'shortsellers paradise' due to the appearance of a death cross chart pattern, indicating potential downward price movement [2][4]. Price Action and Market Sentiment - On March 21, Nvidia stock closed at $117.70, and by March 24, it had increased by 2.11% to $120.19, with year-to-date losses at 10.50% [5]. - The short volume ratio for Nvidia stock rose above 50 on March 13 but fell to 44.25 on March 21, suggesting that short-sellers may be losing momentum [6][8]. Short Interest and Market Manipulation - Cramer claims that options contracts and inverse ETFs are being used to manipulate Nvidia's stock price downward, requiring less than $10 million in capital to do so [3][4]. - Despite the death cross pattern, which historically led to a 47% loss over six months, the current pre-market activity indicates that this pattern could be invalidated soon [8]. Analyst Sentiment - Nvidia is still viewed as a consensus 'buy' by Wall Street analysts, with positive revisions following the company's GPU Technology Conference [9].
Can GM's Nvidia-Powered AI Push Steer Stock Away From Looming Death Cross?
Benzinga· 2025-03-19 17:40
General Motors Co GM is nearing a critical technical level that could trouble investors. Despite a promising partnership with Nvidia Corp NVDA to integrate AI into vehicle development, GM stock is approaching a Death Cross — a bearish signal that suggests potential downward momentum. Chart created using Benzinga ProGM Stock Chart Flashes CautionGM stock is teetering on the edge. The stock was trading at $49.16 at the time of writing, slipping below key moving averages:GM stock’s 50-day simple moving average ...