The technical outlook of Expedia is looking good
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After a hot fall, a spring tornado could wreak havoc in France
Barely half a year after this year’s French budget was passed, the wrangling over the 2027 budget is about to begin, but that’s not all, because France will also hold a presidential election next spring. During the first public presidential debate, some of the radical candidates put forward ideas that were, at times, unconventional. Although the presidential election in late April still seems far off, based on the latest polls, if no candidate secures enough votes and a runoff is held, it cannot be ruled out that two radical presidential candidates will face off against each other. Market participants may have begun to price in this growing uncertainty, as the yield spread between French and German 10-year government bonds has started to widen again in recent weeks. The period ahead promises to be full of twists and turns, so it will be worth keeping a close eye on developments in French domestic politics.
Commodities - Technical Analysis
Gold and silver prices have retested their uptrend lines, so the long-term trend may continue. Oil prices have broken out of a contracting pattern, which may signal the start of another upward wave. Natural gas prices have also begun to rise, signaling a buy. In the case of copper, the main uptrend remains in effect, and there are currently no signs indicating a change in the trend’s structure. Following significant gains, wheat and corn have become heavily overbought, increasing the likelihood of a correction.
The range of stocks showing upward momentum has broadened, but the number of stocks exhibiting a particularly strong technical pattern remains low. Many securities have already posted significant gains, making it increasingly difficult to find favorable entry points on a risk-reward basis. This week, one of the stocks from our Equity Top Pick List, Expedia, is beginning to form a promising technical pattern, while our other pick, the pharmaceutical company Moderna, has broken out of a long accumulation phase, opening up significant room for further gains.
Best rated US stocks based on momentum ranking
Compelling technical picture:
Moderna (daily): It broke out of the downtrend nearly a year ago, but only a slow rise was visible. The sideways movement that characterized the first half of this year can be considered an accumulation phase. It broke out of this phase upward in recent days. This is a very good sign; it’s worth buying on every retest because of this. The target price could be the gap left earlier. A minor stop could be expected around 75, while the large downward gap left open around 100 could be the ultimate target.
Expedia (daily): The online travel platform—which is also among on our Equity Top Pick List—has been added to the list of stocks with a momentum-based buy signal. The recent rally is indeed justifiable, although in the bigger picture, the stock is still in a consolidation phase from which it may soon break out. A break above 265 could signal a breakout from the pattern and open up upside potential. If it closes below 218, it’s worth managing the risk. The target price would be above 312 in the event of a breakout above 265.
List of stocks with a chance of a turnaround in the coming weeks
Most popular US stocks
The momentum model supports the creation of a technical based stock list that helps to find shorter-term trading opportunities. The model can be used to identify stocks that show reversal signals following more sustained falls/underperformance. We examine one-year, six-month, three-month, one-month and five-day momentum values, which are used to rank the stocks under consideration. The higher a stock is ranked in the order, the better it technically performs relative to the others. The change in the ranking over time is used to determine the life cycle of the stock.
- In the first table, we collect the stocks that show the most attractive picture compared to the others in a given week based on momentum factors, of which those are also presented in a separate chart where a favourable situation can be identified based on additional technical analysis tools.
- In the second table, we list the stocks that are already worthy of being placed in watchlist status. They are not among the best performers, but they have the potential to improve and signal a turnaround in a few days or weeks.
- In the third table, we have also collected the more popular stocks to help identify their position in the momentum order.
The report shows the results of a technical - quantitative based stock screening, which does not examine the fundamental background/value of the companies. For this reason, risk management/position sizing rules should be designed accordingly.
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