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Pathward Financial (CASH) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2026-02-04 15:56
Core Viewpoint - Pathward Financial, Inc. (CASH) is showing potential for bullish momentum due to a recent technical indicator known as a "golden cross" [1] Technical Analysis - CASH's 50-day simple moving average has recently crossed above its 200-day moving average, indicating a potential bullish breakout [1] - A golden cross typically follows a downtrend, where the shorter moving average crosses above the longer one, leading to a positive trend reversal [2] Performance Metrics - Over the last four weeks, CASH has moved 22.3% higher, suggesting strong upward momentum [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating positive market sentiment [3] Earnings Expectations - There has been one upward revision in earnings expectations for the current quarter, with no downward revisions in the past 60 days, further supporting the bullish outlook [3] - The Zacks Consensus Estimate for earnings has also increased, reinforcing investor confidence in the stock's upward trend [3] Investment Consideration - Given the technical indicators and positive earnings revisions, investors may want to monitor CASH for potential gains in the near future [5]
Should You Buy First Bancorp (FBP) After Golden Cross?
ZACKS· 2026-01-30 15:55
Core Viewpoint - First BanCorp. (FBP) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a positive technical outlook [1]. Group 1: Technical Indicators - FBP's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross," which is a significant bullish signal [1]. - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [2]. Group 2: Performance Metrics - FBP has experienced a rally of 6.8% over the past four weeks, suggesting positive market sentiment [3]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating favorable conditions for potential gains [3]. Group 3: Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, contributing to a positive earnings outlook [3]. - The Zacks Consensus Estimate for FBP has also increased, reinforcing the bullish case for the company [3][5].
X @Decrypt.co
Decrypt· 2026-01-29 21:35
Bitcoin Plunge Could Get Much Worse as Death Cross Gains Powerhttps://t.co/8rYAXpDyyA ...
Bitcoin Plunge Could Get Much Worse as Death Cross Gains Power
Yahoo Finance· 2026-01-29 21:34
Market Overview - The crypto market is experiencing significant challenges, with Bitcoin's price declining while traditional safe havens like gold and silver are gaining value [1][2] - Gold surpassed $5,600 per ounce and silver reached $121, contrasting sharply with Bitcoin's struggles [1][2] Investor Behavior - Investors are gravitating towards gold and silver due to rising macroeconomic uncertainties, including potential U.S. government shutdowns and Federal Reserve indecision [2] - Bitcoin's relatively short 15-year history is not sufficient to instill confidence during periods of market fear, leading to a preference for more established assets [3] Bitcoin Price Dynamics - Bitcoin is currently trading at $83,405, down 6.46% from previous levels, having fallen from a high of nearly $97,000 earlier in the year [4] - The price has breached multiple support levels, indicating a bearish trend that may continue [4] Technical Indicators - The occurrence of a "death cross," where the 50-day Exponential Moving Average (EMA) falls below the 200-day EMA, signals a long-term bearish outlook for Bitcoin [5][6] - This technical pattern has historically preceded significant price declines in Bitcoin, suggesting a potential repeat of past market behaviors [6] Market Sentiment - The Average Directional Index (ADX) is currently at 24, indicating a weakening trend strength as it approaches the critical threshold of 25 [8] - A failure to reclaim the 50-day EMA, currently around $88,000, suggests that Bitcoin faces substantial resistance before any recovery can occur [7]
Coinbase's Chart Flashes Death Cross As Bitcoin Falls Amid Crypto Winter Fears
Investors· 2026-01-27 22:14
Core Viewpoint - Coinbase stock is experiencing a significant decline, remaining below its 50-day moving average since November, and has recently shown bearish technical indicators due to Bitcoin's price drop below $90,000 [1] Group 1: Stock Performance - Coinbase shares have extended a five-day losing streak, remaining well below both their 50-day and 200-day moving averages [1] - The stock has been negatively impacted by the recent slump in Bitcoin prices, which has raised concerns among investors [1] Group 2: Market Context - The overall market is experiencing volatility, with the U.S. dollar, Bitcoin, and other cryptocurrencies falling amid geopolitical tensions, while gold and silver prices are rallying [1] - Related news indicates that major financial institutions like Morgan Stanley and Goldman Sachs are actively engaging with Bitcoin and cryptocurrency markets, suggesting ongoing interest despite current market challenges [1]
Options Corner: BA Earnings Preview
Youtube· 2026-01-26 14:04
Core Viewpoint - Boeing is experiencing a significant upward trend, with a 41% increase from year-ago levels, reaching two-year highs, indicating positive market sentiment and performance expectations [2]. Group 1: Stock Performance and Trends - Boeing's stock has shown a parabolic move over the last six to nine months, with a notable increase from previous years, although it remains below its all-time high of 446 reached in mid-2018 [3][4]. - The stock's recent performance includes a "golden cross" where the 50-day moving average has moved above the 200-day moving average, suggesting bullish momentum [5]. - The Relative Strength Index (RSI) is above 75, indicating that the stock is overbought on a technical basis, but positive news regarding new orders has contributed to this momentum [6]. Group 2: Market Expectations and Options Strategy - The options market is pricing in a potential move of approximately ±4.5%, equating to just over $11, indicating lower implied volatility at 13%, which is in the bottom 90% of the past 52 weeks [8]. - A neutral to bullish options strategy is suggested, involving a short $10 wide put vertical, which allows for profit even if the stock declines post-earnings [9][10]. - The proposed strategy includes selling an out-of-the-money put at a strike price of 242.5 and buying a put at 232.5, with a potential credit of approximately $2.30, and a break-even point at $240.20, which is about 4.6% below the current share price [10][11].
USA Compression Partners (USAC)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2026-01-23 15:55
Core Viewpoint - USA Compression Partners, LP (USAC) is showing potential for a bullish breakout as it has reached a significant support level and experienced a "golden cross" in its moving averages [1][2]. Technical Analysis - The "golden cross" occurs when a stock's 50-day simple moving average crosses above its 200-day simple moving average, indicating a potential bullish trend [2]. - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [3]. Recent Performance - USAC has moved 9% higher over the last four weeks, suggesting positive momentum [4]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating a neutral outlook [4]. Earnings Outlook - There has been a positive shift in earnings estimates for USAC, with no estimates decreasing in the past two months and two revisions higher, leading to an increase in the Zacks Consensus Estimate [4][6]. - This positive earnings outlook, combined with the technical factors, suggests that investors may want to monitor USAC for potential gains [6].
COIN Stock Price Drops 6.4% after Coinbase Withdraws Support for Crypto Bill
Yahoo Finance· 2026-01-16 09:13
Group 1 - COIN, the stock of Coinbase, experienced a 6.4% decline on January 15, primarily due to the company's withdrawal of support from the crypto market structure bill [1][4] - The stock price fell below $240, forming a "death cross" pattern, indicating a bearish trend as the 50-day simple moving average crossed below the 200-day simple moving average [2] - Historical data suggests that similar setups in the past have coincided with major price bottoms, leading to subsequent rallies of over 100% [3] Group 2 - Coinbase's CEO Brian Armstrong cited significant issues with the bill, including a ban on tokenized equities and limitations on DeFi, as reasons for the withdrawal, emphasizing that a bad bill is worse than no bill at all [4][6] - Armstrong believes that the concerns raised by Coinbase are shared by the broader crypto industry, and he does not think the withdrawal will permanently damage the bill's prospects [5][6] - Citron Research criticized Coinbase's decision, suggesting that the company is more concerned about rising competition than the bill's framework, and they support the tokenization platform Securitize, which has issued over $4 billion in tokenized assets [7]
Crypto Market Cools as Bitcoin Stays Within Death Cross: Analysis
Yahoo Finance· 2026-01-08 19:13
Market Overview - The crypto market is experiencing a downturn, with Bitcoin trading around $90,600 after briefly exceeding $93,000 earlier in the week, and the total market cap at $3.06 trillion, down approximately $35 billion or 1.14% [1] - The broader crypto market is in bearish territory, needing to hold above the $3.2 trillion mark for traders to consider a recovery [3] Institutional Investment - Bitcoin ETFs saw significant inflows of $1.2 billion in the first two trading days of 2026, marking the largest single-day inflow since October, but faced immediate outflows of $243 million and $476 million in subsequent days, indicating a fragile institutional interest [4][5] Technical Analysis - Bitcoin's current price is $90,673, down about 0.66% for the day but up 3% over the past week, following a major spike earlier [6] - The "death cross" pattern remains, indicating potential for further downside or prolonged sideways action, as prices are below both the 50-day and 200-day exponential moving averages [7] - The gap between bulls and bears is narrow, suggesting a slower bearish pace compared to previous months when Bitcoin was sliding from its all-time high above $126,000 [8]
Should You Buy Electrolux AB (ELUXY) After Golden Cross?
ZACKS· 2026-01-08 15:56
Core Viewpoint - Electrolux AB (ELUXY) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a positive technical outlook [1]. Technical Analysis - ELUXY's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross," which is a significant bullish indicator [1]. - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [2]. Performance Metrics - Over the past four weeks, ELUXY shares have increased by 10.4% [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further gains [3]. Earnings Outlook - The earnings outlook for ELUXY is positive, with no downward revisions in earnings estimates over the past two months and two upward revisions, leading to an increase in the Zacks Consensus Estimate [3][5].