With markets showing volatility, technical analysis can guide investors toward promising stock opportunities. Using TipRanks’ Technical Analysis Screener, we’ve pinpointed three stocks — NextEra Energy (NEE), Danaher (DHR), and Gilead Sciences (GILD) — that are signaling Strong Buy. These names exhibit bullish momentum and offer potential upside in the short to mid term, supported by strong analyst ratings from Wall Street.
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Notably, technical analysis studies a stock’s past price movements and trading volume to predict future trends. It uses tools like moving averages, RSI, and chart patterns to identify Buy or Sell signals. Within this context, TipRanks’ Technical Analysis tool simplifies this process by combining multiple indicators into one easy-to-understand dashboard for users. Let’s dive into the details.
Is NextEra Energy a Buy or Sell?
NextEra Energy is a leading clean energy company and the world’s largest producer of wind and solar power.
According to TipRanks’ technical analysis, NextEra stock is currently in an upward trend. It holds a Strong Buy rating based on overall technical consensus. NEE stock also holds a Strong Buy rating based on moving average consensus, supported by 12 bullish signals, indicating strong upward momentum.
Is Gilead Stock a Good Buy?
Gilead Sciences is a biopharmaceutical company known for developing antiviral therapies, including treatments for HIV, hepatitis, and other infectious diseases.
According to TipRanks’ technical analysis, GILD stock holds a Strong Buy consensus on both overall technical consensus and moving average consensus. One key indicator, the Rate of Change (ROC), which tracks momentum by measuring the percentage change in price over a set period, currently stands at 5.27 for GILD stock. Since an ROC above zero suggests upward momentum, this signals a Buy for the stock.
Is Danaher Stock a Good Buy?
Danaher is a global science and technology company specializing in life sciences, diagnostics, and innovative laboratory solutions.
From a technical analysis perspective, Danaher is rated a Strong Buy on overall consensus as well as moving average consensus. Additionally, DHR stock shows a positive ROC of 1.63, supporting a Buy signal and indicating strong upward momentum.
