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Sezzle Stock Has Some Sizzle
Sezzle Stock Has Some Sizzle

Globe and Mail

time5 days ago

  • Business
  • Globe and Mail

Sezzle Stock Has Some Sizzle

Sezzle (SEZL) has exceptional technical momentum, trading above all major moving averages. The digital payments company is up 856.6% over the past year. SEZL stock has a 100% technical 'Buy' signal via Barchart. Trend Seeker issued a 'Buy' signal on April 21 Today's Featured Stock: Valued at $3.51 billion, Sezzle (SEZL) is a purpose-driven digital payments company. Its payment platform increases the purchasing power of consumers by offering interest-free installment plans at online stores and select in-store locations. What I'm Watching: I found today's Chart of the Day by using Barchart's powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. SEZL checks those boxes. Since the Trend Seeker signaled a buy on April 21, the stock has gained 132.73%. SEZL Price vs. Daily Moving Averages: Barchart Technical Indicators for Sezzle: Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. These technical indicators form the Barchart Opinion on a particular stock. When a stock is trading above all its daily moving averages and closes within 1.15% of its 52-week high, it won't take much to hit another new high. Sezzle has a 100% technical 'Buy' signal. The stock closed at $110.36 on May 27, above its 50-day moving average of $55.48. SEZL has a Weighted Alpha of +141.74. The stock has gained 856.6% over the past year. Trend Seeker 'Buy' signal intact. SEZL is trading above its 20, 50 and 100-day moving averages. The stock has made two new highs and is up 130.06% in the last month. The 14-day Relative Strength Index is at 89.41%. The technical support level is $99.00. Follow the Fundamentals: $3.51 billion market cap. 39.40x trailing price-earnings ratio. Revenue is projected to grow 61.7% this year and another 20.83% next year. Earnings are estimated to increase 75.77% this year and an additional 29.94% next year. Analyst and Investor Sentiment on Sezzle: I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide. It looks like not only Wall Street analysts, but also many of the popular investing advisory services, are moderately bullish on this stock. Wall Street analysts tracked by Barchart issued two 'Strong Buy' opinions on the stock. Value Line gives the stock an average rating. CFRA's MarketScope gives the stock a 'Strong Buy.' Morningstar thinks the stock is 10% overvalued. 3,380 investors monitor the stock on Seeking Alpha, which rates the stock a 'Hold.' The Bottom Line: Sezzle currently has momentum and support from both the market and individual investors but faces competition from both Affirm (AFRM) and PayPal (PYPL). I caution that SEZL is volatile and speculative — use strict risk management and stop-loss strategies. Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

Gold Corrects- Are Higher Highs on the Horizon?
Gold Corrects- Are Higher Highs on the Horizon?

Globe and Mail

time25-05-2025

  • Business
  • Globe and Mail

Gold Corrects- Are Higher Highs on the Horizon?

I asked if gold would make a new high in an April 1 Barchart article. Nearby COMEX gold futures were at the $3,156 per ounce level on March 31, when I wrote: Gold could pull back from the most recent high, but the bull market, now twenty six years old, shows no sign of faltering while fiat currency values dissipate. Gold is likely to continue to make new highs in April as it closes in on its inflation-adjusted target from the 1980 high at the $3,400 per ounce level. June COMEX gold futures eclipsed the inflation-adjusted target from the 1980 high at $3,400 per ounce, rising to over $3,500 before pulling back. However, the long-term bullish trend continues as gold makes higher lows and higher highs. A new high and a pullback COMEX gold futures reached the most recent record high on April 22, 2025, when the price reached $3,509.90 per ounce. The daily chart shows that the June gold futures corrected 11% to the most recent May 15, 2025, low of $3,123.30 per ounce. Short-term technical support is at the April 7 $2,970.40 low with resistance at the April 22 high. Gold's bull market began in 1999 at $252.50 per ounce. Over the past twenty-six years, gold has made higher lows and higher highs, experiencing periodic corrections. Even the most aggressive bull markets rarely move in straight lines. The quarterly chart highlights many double-digit percentage corrections over the past years. Analysts are adjusting their upside gold targets Gold's ascent has caused analysts at the leading financial institutions to adjust their price forecasts higher. Analysts at JP Morgan recently projected that gold could reach $6,000 per ounce if there is even a slight shift away from U.S. assets. Goldman Sachs analyst Lina Thomas moved their gold forecast for the end of 2025 from $3,100 to $3,300 in late March. Gold has already eclipsed the forecast price. Forecasts will likely chase gold higher if the metal's price continues its upward trajectory. Sentiment remains bullish, which could be bearish Gold's price was 27.47% higher in 2024, after rising over 11% in 2023. In Q1 2025, gold prices rallied another 18.24%. The substantial gains over the past years that took gold to new highs have caused an investment gold rush, leading to wildly bullish sentiment. In many markets, too many bulls tend to lead to substantial price corrections, as corrections can lead to a herd of long liquidation. However, gold is a unique asset, with central banks and governments major players in the gold arena. The official sector has continued to purchase gold, adding to reserves as they consider gold a foreign currency reserve. In Q1 2025, higher prices did not deter central banks from increasing their gold stockpiles, which rose by 244 metric tons or nearly 7.85 million ounces. While overly bullish sentiment could lead to further price declines, the trend of increasing central bank gold demand suggests they will step up and buy during any substantial price corrections. High longer-term interest rates and a weak U.S. dollar are competing factors U.S. interest rates remain elevated in May 2025. The trend in the U.S. 30-year Treasury Bond futures remains bearish, with the long bond futures around 112, which is not far above the October 2023 107-04 low and critical technical support level. Meanwhile, short-term rates remain high, with the Fed Funds Rate at a midpoint of 4.375% after the Fed cited tariff-related factors for not reducing rates at the May FOMC meeting. Higher interest rates tend to weigh on gold prices because they increase the cost of carrying gold inventories, and higher rates attract capital to the fixed-income bond market and away from other assets, including gold. Meanwhile, the price action in the dollar index has supported higher gold prices. The daily chart of the U.S. dollar index in 2025 shows the 11.12% decline from the January 2025 high of 110.17 to the April 21, 2025, low of 97.92. The dollar index reached its low around the time gold prices peaked. Since the U.S. dollar is the pricing mechanism for the international gold market, a weak dollar tends to support prices while a stronger dollar has the opposite effect. The index has rallied back to over the 100 level in late May 2025, weighing on gold prices, which have declined from the most recent high. Gold's ascent is a commentary on the economic and geopolitical landscapes Gold's ascent this century has been incredible, rising nearly fourteen times from the 1999 low. However, gold's role as the world's oldest means of exchange tells us that fiat money's value is declining, as gold has made new record highs in all currency terms. Moreover, gold has a long history as flight capital, rising in times of geopolitical turmoil. Wars in Ukraine, the Middle East, and the bifurcation of the world's nuclear powers have supported higher gold prices. Meanwhile, as the U.S. dollar's role as the world's reserve currency declines, many governments have added to gold reserves, which are likely understated. Russia and China, two countries that are leading gold producers, have likely vacuumed up domestic production, bolstering their reserves. Since strategic reserves are state secrets in Russia and China, the data probably does not filter through to the official reserve reports. The bottom line is that technical and fundamental factors point to even higher gold prices over the coming months and years, supported by significant global economic and geopolitical changes. Buying gold during a correction has been optimal for over a quarter of a century, and I expect that trend to continue over the coming years.

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