Relative Strength Index (RSI)
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Here's Why Frontier Group (ULCC) is Poised for a Turnaround After Losing -31.11% in 4 Weeks
ZACKS· 2025-03-24 14:35
Group 1 - Frontier Group Holdings (ULCC) has experienced significant selling pressure, resulting in a stock price decline of 31.1% over the past four weeks, but it is now considered to be in oversold territory with potential for better earnings than previously predicted by analysts [1] - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2] - The RSI reading for ULCC is currently at 23.73, suggesting that the heavy selling may be exhausting itself and a price reversal could occur soon [5] Group 2 - Analysts have raised earnings estimates for ULCC by 0.4% over the last 30 days, indicating a positive trend that often leads to price appreciation [6] - ULCC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7]
Johnson & Johnson's Golden Cross: Technical Momentum Meets Groundbreaking Lung Cancer Breakthrough
Benzinga· 2025-03-20 17:55
Core Viewpoint - Johnson & Johnson's stock has recently exhibited a bullish technical pattern known as a Golden Cross, indicating potential long-term upside, supported by a significant breakthrough in lung cancer treatment [1][4]. Technical Analysis - The stock price of Johnson & Johnson is currently at $162.37, with short-term moving averages showing mixed signals. The 8-day simple moving average is at $163.37 and the 20-day simple moving average is at $164.45, indicating slight selling pressure. However, the 50-day simple moving average at $156.24 and the 200-day simple moving average at $155.72 support a bullish trend [1]. - The Moving Average Convergence Divergence (MACD) indicator stands at 1.74, reinforcing the bullish outlook, while the Relative Strength Index (RSI) is at 52.33, indicating the stock is in neutral territory [2]. Breakthrough in Cancer Treatment - Johnson & Johnson announced a significant milestone in lung cancer treatment, with the Phase 3 MARIPOSA study showing that the combination therapy of RYBREVANT (amivantamab-vmjw) and LAZCLUZE (lazertinib) significantly improved survival rates for patients with advanced non-small cell lung cancer [2]. - The European Medicines Agency is considering approval for this breakthrough, which could serve as a long-term revenue driver for the company [3]. Investor Considerations - The Golden Cross pattern suggests a long-term bullish trend for Johnson & Johnson's stock, although short-term resistance levels may pose challenges. The combination of a promising cancer treatment and bullish technical signals provides both fundamental and technical reasons for investors to monitor the company closely [4].
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 ...
Top 2 Consumer Stocks That May Implode In Q1
Benzinga· 2025-03-19 12:17
Group 1: Market Overview - As of March 19, 2025, two stocks in the consumer discretionary sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] Group 2: Company Analysis - Honda Motor Co Ltd (HMC) - Honda Motor reported a stock price increase of approximately 12% over the past month, reaching a 52-week high of $37.90 [5] - The RSI value for Honda Motor is 71.5, indicating it may be overbought [5] - On the latest trading day, Honda Motor's shares gained 1.4%, closing at $30.41 [5] Group 3: Company Analysis - Yum China Holdings Inc (YUMC) - Yum China appointed Adrian Ding as Chief Financial Officer, highlighting his significant contributions over the past five months [5] - The company's stock has increased around 14% in the last month, achieving a 52-week high of $53.83 [5] - Yum China's RSI value is 71.8, suggesting it may also be overbought [5] - On the latest trading day, Yum China's shares rose by 0.7%, closing at $53.69 [5]
Discover (DFS) Loses -21.93% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-03-18 14:36
Core Viewpoint - Discover (DFS) has experienced significant selling pressure, resulting in a 21.9% decline over the past four weeks, but analysts anticipate better-than-expected earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to identify oversold stocks, with a reading below 30 indicating oversold conditions [2] - DFS has an RSI reading of 28.59, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5] - The RSI helps investors identify potential entry points for stocks that have fallen below their fair value due to excessive selling pressure [3] Group 2: Fundamental Analysis - Analysts have raised earnings estimates for DFS by 0.5% over the last 30 days, indicating a positive trend that typically leads to price appreciation [6] - DFS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7]
CVS Stock Flashes Golden Cross As Weight Loss Program Delivers Big Results
Benzinga· 2025-03-17 18:19
Core Viewpoint - CVS Health Corp. is exhibiting a bullish trend as it completes a Golden Cross, indicating potential for further stock price increases [1][3]. Technical Analysis - The 50-day simple moving average (SMA) has risen above the 200-day SMA, reinforcing a positive outlook for CVS stock [4]. - CVS stock has increased over 51% year to date and continues to trade above key moving averages, suggesting sustained buying pressure [1][3]. - The Moving Average Convergence/Divergence (MACD) indicator is at 2.01, remaining in bullish territory, which signals strong upward momentum [4]. - The Relative Strength Index (RSI) is at 62.46, nearing overbought territory, indicating a strong trend but potential for short-term volatility [4]. Fundamental Analysis - CVS's Weight Management program has achieved an average weight loss of 15% among participants while reducing weight-loss drug costs by 26% [2]. - The program has been implemented for 3.5 million members, integrating GLP-1 medications with personalized nutrition plans [2].
Down -35.46% in 4 Weeks, Here's Why You Should You Buy the Dip in Marvell (MRVL)
ZACKS· 2025-03-17 14:35
Core Viewpoint - Marvell Technology (MRVL) has experienced a significant downtrend, with a 35.5% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2]. - MRVL's current RSI reading is 29.91, suggesting that the heavy selling pressure may be exhausting, indicating a possible price rebound [5]. Group 2: Fundamental Analysis - Analysts have shown strong consensus in raising earnings estimates for MRVL, with a 3.8% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [6]. - MRVL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [7].
Here's Why Discover (DFS) is Poised for a Turnaround After Losing -16.24% in 4 Weeks
ZACKS· 2025-03-14 14:36
Group 1 - Discover (DFS) has experienced significant selling pressure, resulting in a 16.2% loss over the past four weeks, but it is now in oversold territory with potential for better earnings than previously predicted [1] - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with a reading below 30 typically indicating this condition [2] - DFS's current RSI reading is 29.33, suggesting that the heavy selling may be exhausting itself and a trend reversal could occur soon [5] Group 2 - Analysts have raised earnings estimates for DFS, with a 0.5% increase in the consensus EPS estimate over the last 30 days, indicating potential price appreciation [6] - DFS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which further supports the likelihood of a near-term turnaround [7]
Down -24.25% in 4 Weeks, Here's Why You Should You Buy the Dip in Shake Shack (SHAK)
ZACKS· 2025-03-14 14:36
Core Viewpoint - Shake Shack (SHAK) has experienced a significant decline of 24.3% over the past four weeks, but it is now positioned for a potential trend reversal as it enters oversold territory, with analysts predicting better earnings than previously expected [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 indicating oversold conditions [2] - SHAK's current RSI reading is 27.77, suggesting that the heavy selling pressure may be exhausting, indicating a possible bounce back towards equilibrium [5] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that earnings estimates for SHAK have increased by 3.1% over the last 30 days, which typically correlates with price appreciation [6] - SHAK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7]
Tesla stock RSI hits most oversold level in a year
Finbold· 2025-03-11 15:29
Tesla stock (NASDAQ: TSLA) is experiencing a sharp correction. Although both retail investors and analysts were bullish in the closing months of 2024, owing to Chief Executive Officer (CEO) Elon Musk’s close relationship with Donald Trump and a promising quarterly report in Q3 2024, those hopes have failed to materialize.The carmaker’s latest earnings report, covering Q4 2024, was a dud — both earnings per share (EPS) and revenues missed estimates. With some $0.6 billion in unrealized gains from Bitcoin (BT ...