Top Industrial Services Stocks Next Week Trading Opportunities (ETRN, RIG, HCCI, HSC, WLDN)
Signals from Pattern Search Engine
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A security pattern traces distinct movements of security prices that, once recognized, helps investors make informed trading decisions. Patterns are identified by their key geometrical elements, formed by changing security prices.
Every day Artificial Intelligence analyses 39 patterns for 8000 stocks, 3000 ETFs, most popular Crypto & Forex pairs and presents trading ideas with backtest and statistic results.
BUY signal for ETRN (Head-and-Shoulders Bottom)
The bullish head and shoulders (Head-and-Shoulders Bottom) is the opposite image of a bearish head and shoulders. It has all the same parts—two shoulders, a neckline, and the head. Only instead of the shoulders and head being formed at high points for the stock, they are formed at low points.
The investor psychology is the opposite of the bearish pattern. The stock is falling and hits a temporary low to form the left shoulder before a bounce occurs and forms the left side of the neck. The upward momentum is temporary, and the next down leg takes the stock lower than the left shoulder and forms the head.
Investors jump in thinking the new low is a buying opportunity but then start taking profits after a decent run up to the neckline. The profit-taking creates the next down leg, but investors start buying on this third down leg before it gets down to the previous low. This forms the right shoulder and starts the next upward move.
Now, the momentum is to the upside and the buying pressure sends the stock above the neckline. At this point, the pattern is confirmed. After breaking above the neckline, the upward momentum is likely to continue, and the stock price keeps moving higher.
Trade Idea:
BUY near the Breakout (Entry) price – $7.34
SELL at the Target (Exit) price – $8.24
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Signals from Trend Prediction Engine
Trend trading is a strategy based on the technical analysis of changing market prices. The trend trader enters into a long position when a stock is trending upward and uses the short position when a stock is trending downward.
Tickeron's End-of-Day Trend Prediction Engine will instantly generate AI-driven projections on whether a stock is going up or down for the next week or month. The algorithm looks at past price changes and generates unique insights into future fluctuations. TPE analyzes trends for stocks, penny stocks, ETFs, mutual funds, cryptocurrencies, and Forex. To make this tool more convenient, it’s best to customize it by adjusting the confidence level, price range, asset classes, and many others. You can also set up notifications for emails or push notifications.
BUY signals for RIG, HCCI, HSC
Trade Idea:
BUY at the opening of the Stock Market on Monday if the opening price has gone up by no more than 0.5% of the closing price of Friday.
SELL after the price has risen by 2% from the closing price on Friday, or at the end of the trading week if the target is not reached.
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Signals from Buy/Sell Analytical System
Buy/Sell recommendations is a complex analytical system consisting of several blocks:
TA score - signals from several technical indicators (MACD, RSI, Stochastic, etc.) are processed using neural networks.
FA score - complex fundamental analysis based on quantitative comparative ratings (Valuation, P/E Growth, SMR etc.)
Buy / Sell rating system - processes the aggregate score results and generates a trading signal.
BUY signal for WLDN
Trade idea:
Step 1. BUY WLDN at the current market price.
Step 2. Set up alerts for WLDN from Buy/Sell Analytical System.
Step 3. SELL WLDN after receiving the "SELL" recommendation.
RIG's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for RIG turned positive on July 11, 2024. Looking at past instances where RIG's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of offshore contract drilling services for oil and gas wells
Industry ContractDrilling