DIRS.INFO The most relevant business & tech news

☆ Disney is among the most oversold stocks on Wall Street. Here are the others
▼ + stars: | 2024-07-26 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Several companies appear oversold this week and could be due for a rebound after a wild week on Wall Street. Stocks with a 14-day RSI reading below 30 often indicate that it's oversold, with a potential rebound possible ahead for the company's shares. Here are some of the most oversold names: Dexcom is the most oversold stock of the list, with a 14-day RSI of 11.6%. Wells Fargo recently reiterated its overweight rating on Disney and its $136 price target, which implies shares could gain 52.4%. That's driven the stock's RSI to more than 81.

Persons: —, Walt Disney, Wells Fargo, we're, Steven Cahall, Wall, Sara Senatore, Senatore, FactSet, LSEG, Myers Squibb, Northrop Organizations: Nasdaq, CNBC, Stock, Entertainment, Walt, Disney, DIS, Media, " Bank of America, Mohawk Industries, RSI, Northrop Grumman, Citizens Financial Group Locations: Bristol

☆ Wolfe says it’s time to take some profit in bitcoin, sees further consolidation on the horizon
▼ + stars: | 2024-01-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin has been struggling since the launch of bitcoin exchange-traded funds and may continue to for some time, according to Wolfe Research. But much like it responded previously at the top of this trading range, we expect consolidation and decline to follow, which is why we would recommend taking some profit at these levels." "Bitcoin is at the top of its trading range," he added. An RSI reading of 70 and higher indicates that an asset is overbought, while a reading of 30 suggests it's oversold. Ginsberg added that bitcoin is overbought on a long-term weekly basis too, a condition that the cryptocurrency has seen only twice before.

Persons: Bitcoin, Wolfe's Rob Ginsberg, it's oversold, Ginsberg, bitcoin, — CNBC's Michael Bloom Organizations: Wolfe Research, U.S . Securities, Exchange Commission, Investors Locations: U.S

☆ Bitcoin’s post-ETF launch sell-off could continue, but all-time high levels are in sight, chart analysts say
▼ + stars: | 2024-01-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Many investors and analysts have expressed confidence that bitcoin can reach and even surpass its all-time high level of $69,000. BTC.CM= 1Y line Bitcoin's 1-year performance per Coin Metrics He said $40,000, a level bitcoin hasn't seen since early December, would be another potential stopping point. Julius de Kempenaer, a senior technical analyst at StockCharts.com, is watching a slightly higher support level at $45,000. "While bitcoin's price is coming off a new cycle high, RSI made a lower high and was unable to get above the 70 level," Wald said. Bitcoin reached its all-time high near $69,000 in November 2021.

Persons: bitcoin, Oppenheimer, Ari Wald, Bitcoin, Julius de Kempenaer, Wald, it's oversold, de Kempenaer, Wolfe, Rob Ginsberg, Ginsberg Organizations: U.S, CNBC, Metrics, RSI Locations: Wald

☆ Oversold or overbought? Here's where our 6 tech mega-caps stand — plus our takes
▼ + stars: | 2023-08-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

Examining overbought or oversold stock levels could be helpful signals for investors looking to add or reduce exposure in a position. When evaluating these names, Bespoke reviewed the standard deviations above or below each stock's 50-day moving average. If a stock is one or more standard deviation above its 50-day moving average, it's classified as overbought. If it's more than one standard deviation below its 50-day moving average, it's oversold. Two or more standard deviations away from the 50-day moving average is classified as an "extreme" overbought or oversold reading.

Persons: —, it's oversold, Paul Hickey, We're, Jim Cramer, Jim, Larry Williams, we'll, Jim Cramer's, Justin Tallis Organizations: Charitable, Investment, Apple, Microsoft, Nvidia, Big Tech, Data Center, Facebook, Meta, Amazon, Amazon Web Services, CNBC, Getty Locations: MSFT, EU

☆ We think Coinbase is oversold, says Oppenheimer's Owen Lau
▼ + stars: | 2023-02-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe think Coinbase is oversold, says Oppenheimer's Owen LauOwen Lau, Oppenheimer senior analyst, joins 'TechCheck' to break down Coinbase stock and the reasons why he believes it's oversold.

☆ The dip buyers are back on Wall Street — listen to the 'Homestretch'
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: +8 min

I TELL YOU SOMETHING, I'M SAYINGTHAT THE DIP BUYERS ARE BACK. MORE IMPORTANTLY, WHAT WE HAVEIS A CONSTRUCTIVE MARKET IN THATWE'RE ROTATING IN AND OUT OFAREAS THAT CAN SOLD AND COMEBACK. ETSY IS A PRETTY GOOD STOCK. A GOOD GROWTH STOCK TRADES LIKETHAT. THAT'S NOT HOW I LIKE COMPANIESTO DO THINGS, EVEN IF THERE WEREFACTORS OUTSIDE OF YOUR CONTROL,I'M NOT A FAN OF IT.

☆ 8 retails stocks to buy from top analysts as Target signals tough times for the sector
▼ + stars: | 2022-11-16 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Target on Wednesday reported that its profit fell by 50% as it tried to clear out excess inventory in the third quarter. To find a list of top-ranked retail stocks, CNBC Pro searched Tipranks for names in the sector rated at least a "strong buy" and with a more than 20% upside to the consensus price target. Callaway Golf has the largest upside to its consensus price target, with analysts saying it could surge more than 79% from where it currently trades. Jefferies boosted its price target on the name after its third-quarter earnings beat expectations and it raised its guidance for the fourth quarter. The company is strongly backed by Wall Street and has a more than 43% upside to its consensus price target as it's been beaten up this year.

Search resuls for: "it's oversold"

7 mentions found