As markets remain shaky, technical analysis helps investors find good stock opportunities. Using TipRanks’ Technical Analysis Screener, we have identified three stocks, Tower Semiconductor (TSEM), NexGen Energy (NXE), and Zeta Global Holdings (ZETA), 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.
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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 Tower Semiconductor a Buy?
Tower Semiconductor manufactures analog and mixed-signal semiconductor solutions for various industries.
According to TipRanks’ technical analysis, TSEM 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 2.91 for TSEM. Since an ROC above zero suggests upward momentum, this signals a Buy for the stock.
Is NexGen a Good Stock to Buy Today?
NexGen Energy Ltd. is a Canadian uranium exploration and development company.
According to TipRanks’ technical analysis, NXE stock holds a Strong Buy consensus, backed by 17 bullish and five neutral signals. The stock also holds a Strong Buy rating based on moving average consensus, supported by all 12 bullish signals, indicating strong upward momentum.
Is Zeta Global Holdings a Buy?
Zeta Global Holdings is a marketing technology company that uses AI and data to help businesses improve customer engagement.
From a technical analysis perspective, ZETA is rated a Strong Buy. It also earns a Strong Buy signal based on the moving average consensus.