As markets remain shaky, technical analysis helps investors find good stock opportunities. Using TipRanks’ Technical Analysis Screener, we have identified three stocks, Energy Transfer (ET), Equitable Holdings (EQH), and Pure Storage (PSTG), that are currently flashing Strong Buy signals. These stocks are showing bullish momentum and present short- to mid-term upside potential, backed by Strong Buy ratings from Wall Street analysts.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 Energy Transfer a Good Buy?
Energy Transfer is a midstream energy company that runs one of the largest U.S. pipeline and storage networks, moving natural gas, crude oil, and refined products nationwide.
According to TipRanks’ technical analysis, ET stock is currently in an upward trend. It holds a Strong Buy rating based on both overall technical consensus and moving average indicators. 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 0.69 for ET. Since an ROC above zero suggests upward momentum, this signals a Buy for the stock.
Is Equitable a Good Stock?
Equitable Holdings is a financial services company that provides retirement, investment, and insurance solutions to individuals and institutions.
According to TipRanks’ technical analysis, EQH stock holds a Strong Buy consensus. The stock also holds a Strong Buy rating based on moving average consensus, supported by 11 bullish and one bearish signal, indicating strong upward momentum.
Is Pure Storage Stock a Good Buy?
Pure Storage is a data storage company that delivers flash-based hardware and cloud solutions.
From a technical analysis perspective, PSTG is rated a Strong Buy on overall consensus as well as moving average consensus. Additionally, the stock shows a positive ROC of 5.50, supporting a Buy signal and indicating strong upward momentum.