As markets remain shaky, technical analysis helps investors find good stock opportunities. Using TipRanks’ Technical Analysis Screener, we have identified three stocks, Alaska Air (ALK), Hancock Whitney (HWC), and Kirby Corporation (KEX), that are currently flashing Strong Buy signals. These stocks are showing bullish momentum and have the potential for short- to mid-term upside.
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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 Alaska Air a Good Buy?
Alaska Air is a U.S.-based airline group known for its strong presence on the West Coast.
According to TipRanks’ technical analysis, ALK 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 7.6 for ALK. Since an ROC above zero suggests upward momentum, this signals a Buy for the stock.
Is Hancock Whitney Stock a Buy?
Hancock Whitney Corporation is a leading financial services provider focused on the Gulf South region of the U.S.
According to TipRanks’ technical analysis, HWC stock holds a Strong Buy consensus, backed by 16 bullish and six 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 KEX a Buy or Sell?
Kirby Corporation is a tank barge operator, specializing in the transport of bulk liquid products via inland rivers and coastal waterways across the U.S.
From a technical analysis perspective, KEX is rated a Strong Buy, backed by 15 bullish, five neutral, and two bearish signals. It also earns a Strong Buy rating based on the moving average consensus. Additionally, the Williams %R, a tool that signals whether a stock is overbought or oversold, also shows a Buy signal for KEX.