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Dear mooers,
We are coming to the end of a very unusual year full of uncertainty. Whether good or bad, we all witnessed the history.
Before you want to see what you can expect in 2022, let's have a little break and take a guess of the closing price of the S&P 500.
A happy ending or a tragedy? Go big or go home? Place your bet NOW!
Win Reward:
Place your bet on the closing price of the $S&P 500 Index (.SPX.US)$ (i.e.4800.11) on Friday...
We are coming to the end of a very unusual year full of uncertainty. Whether good or bad, we all witnessed the history.
Before you want to see what you can expect in 2022, let's have a little break and take a guess of the closing price of the S&P 500.
A happy ending or a tragedy? Go big or go home? Place your bet NOW!
Win Reward:
Place your bet on the closing price of the $S&P 500 Index (.SPX.US)$ (i.e.4800.11) on Friday...
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China's Shenyang Municipal Bureau of Real Estate Denies Reports about Easing Property Market Promises, Proposed Current Real Estate Market Policies Offered: Official Statement
China's Shenyang Housing Administration denies easing the property market policy, saying it is still implementing the current purchase and sale restriction policy.
$EVERGRANDE (03333.HK)$
$FANTASIA (01777.HK)$
$Yango Group Co.,Ltd. (000671.SZ)$
$SUNAC (01918.HK)$
$KAISA GROUP (01638.HK)$
$COUNTRY GARDEN (02007.HK)$
$China Vanke Co.,Ltd. (000002.SZ)$
China's Shenyang Housing Administration denies easing the property market policy, saying it is still implementing the current purchase and sale restriction policy.
$EVERGRANDE (03333.HK)$
$FANTASIA (01777.HK)$
$Yango Group Co.,Ltd. (000671.SZ)$
$SUNAC (01918.HK)$
$KAISA GROUP (01638.HK)$
$COUNTRY GARDEN (02007.HK)$
$China Vanke Co.,Ltd. (000002.SZ)$
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Hello mooers:
An overbought stock is believed to await a correction or pullback, while an oversold stock has the potential for a price bounce.
We selected a few stocks that contain potential investment opportunities with RSI indicator to find out what the most overbought and oversold companies in S&P 500 today are.
Overbought& Oversold definition
A stock would usually be considered overbought when the RSI > 70 and oversold when RSI < 30.
According to the theory created by J. Welles Wilder Jr, when the RSI < 30, it is a bullish sign (buy signal), and when RSI > 70, it is a bearish sign (sell signal).
Performance Tracking of Previous Column (10/25)
There are 3 out of 10 selected stocks that followed the suggested movement provided by the RSI indicator.
$Starbucks (SBUX.US)$ was the outstanding stock picks of last week.The Starbucks Chart: Starbucks is trading over 11% higher than the Oct. 29 low of $104.02. On Friday, the stock looked to be printing a bullish kicker candlestick on the daily chart, which indicates higher prices may come again on Monday.
Starbucks smashed through a resistance level at $115.57 late Friday morning and looked to be heading toward an upper gap that was left behind on Sept. 15 between $117.02 and $118.36. Starbucks also has a gap below between $112.42 and $113.14. Gaps on charts fill about 90% of the time so it is likely the stock will trade into both ranges at some point in the future.
Oversold
$Moderna (MRNA.US)$
$PayPal (PYPL.US)$
$Citrix Systems (CTXS.US)$
$Activision Blizzard (ATVI.US)$
$Allstate (ALL.US)$
We collect stocks from S&P 500 as it contains most of valuable companies.
Want to screen the market by yourself? Read:How to use a stock screener
Want to learn more about technical trading? Read: Technical Analysis 101:Introduction to technical indicators
An overbought stock is believed to await a correction or pullback, while an oversold stock has the potential for a price bounce.
We selected a few stocks that contain potential investment opportunities with RSI indicator to find out what the most overbought and oversold companies in S&P 500 today are.
Overbought& Oversold definition
A stock would usually be considered overbought when the RSI > 70 and oversold when RSI < 30.
According to the theory created by J. Welles Wilder Jr, when the RSI < 30, it is a bullish sign (buy signal), and when RSI > 70, it is a bearish sign (sell signal).
Performance Tracking of Previous Column (10/25)
There are 3 out of 10 selected stocks that followed the suggested movement provided by the RSI indicator.
$Starbucks (SBUX.US)$ was the outstanding stock picks of last week.The Starbucks Chart: Starbucks is trading over 11% higher than the Oct. 29 low of $104.02. On Friday, the stock looked to be printing a bullish kicker candlestick on the daily chart, which indicates higher prices may come again on Monday.
Starbucks smashed through a resistance level at $115.57 late Friday morning and looked to be heading toward an upper gap that was left behind on Sept. 15 between $117.02 and $118.36. Starbucks also has a gap below between $112.42 and $113.14. Gaps on charts fill about 90% of the time so it is likely the stock will trade into both ranges at some point in the future.
Oversold
$Moderna (MRNA.US)$
$PayPal (PYPL.US)$
$Citrix Systems (CTXS.US)$
$Activision Blizzard (ATVI.US)$
$Allstate (ALL.US)$
We collect stocks from S&P 500 as it contains most of valuable companies.
Want to screen the market by yourself? Read:How to use a stock screener
Want to learn more about technical trading? Read: Technical Analysis 101:Introduction to technical indicators
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Futu Holdings Limited $Futu Holdings Ltd (FUTU.US)$ announces its unaudited financial results for the first quarter ended June 30, 2021 (“Q2”).
Highlights:
• Total revenues in the second quarter increased by 129.3% year-over-year (“YoY”) to $203.1 million, achieving triple-digit growth for six consecutive quarters.
• Non-GAAP adjusted net income was up 126.7% YoY to $ 70.9 million.
• The number of Futu users reached 15.5 million, an increase of 66.8% YoY; the number of registered clients reached 2.32 million, an increase of 142.5% YoY; the number of Futu's paying clients reached 1 million an increase of 230.2% YoY.
• During Q2, Futu’s total trading volume soared 104.3% YoY to $ 169.4 billion.
...
Highlights:
• Total revenues in the second quarter increased by 129.3% year-over-year (“YoY”) to $203.1 million, achieving triple-digit growth for six consecutive quarters.
• Non-GAAP adjusted net income was up 126.7% YoY to $ 70.9 million.
• The number of Futu users reached 15.5 million, an increase of 66.8% YoY; the number of registered clients reached 2.32 million, an increase of 142.5% YoY; the number of Futu's paying clients reached 1 million an increase of 230.2% YoY.
• During Q2, Futu’s total trading volume soared 104.3% YoY to $ 169.4 billion.
...
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