Latest news with #RSI
CNBC
2 hours ago
- Business
- CNBC
Ether is starting to outperform bitcoin – and further gains could be ahead for the crypto, charts show
Ether continues to demonstrate notable strength, both on an absolute basis and relative to bitcoin , which suggests that its recent up-move could kickstart further gains. First, on this daily chart, it's clear that ETH finally has broken out of a bullish inverse head-and-shoulders pattern, a technical formation that has been under construction for most of 2025. By continuing to trade above the $2,870-breakout zone, the measured-move upside objective would be all the way up at $4,375. Momentum is also supportive of the move. ETH's 14-day Relative Strength Index (RSI) now has spiked from the low 30's to the mid-70s in just four weeks. That's quite a move for the indicator. For context, the RSI surged to nearly 90 in mid-May before cooling off. This suggests that while the current rally is powerful, it will need a breather again at some point soon. Nevertheless, as long as ether continues to hold above the neckline of its inverse head-and-shoulders pattern, the broader bullish case remains viable. Further, eventually achieving the $4,375-target also would put ether above its December 2023 highs and back within striking distance of its all-time highs from the 2021 cycle. In doing so, ETH would also be completing what could be a much, much larger, multi-year bullish base, which is best viewed on this monthly log chart. Thus, this longer-term pattern implies that the breakout discussed above may, in fact, be more than just a short-term trading event. Needless to say, a lot hinges on ether's ability to maintain its recent strength. Not only has ether been strong on its own, but it has also begun to outperform bitcoin. Since bottoming earlier this year, ETH has done materially better than BTC: From the April lows, bitcoin is up 60%, while ether has shot higher by over 130%. That relative strength is important, particularly for traders and investors seeking rotation opportunities between the two largest cryptocurrencies. The key question is whether this bounce in the ETH/BTC ratio now marks the beginning of a new cycle of ether outperformance. If it does, ether could not only reclaim its leadership role in the crypto space but also reignite broader interest across the alt-coin landscape. All eyes remain on ETH to see if it can continue to build on this momentum — and if so, the next leg higher may just be getting started. The next step: hold this breakout on the ensuing pullback, whenever it starts. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Forbes
4 hours ago
- Business
- Forbes
TJX Companies Becomes Oversold
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. 10 Oversold Stocks You Should Know About » In trading on Wednesday, shares of TJX Companies entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $120.1952 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 67.0. A bullish investor could look at TJX's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of TJX shares: TJX Looking at the chart above, TJX's low point in its 52 week range is $107.71 per share, with $135.85 as the 52 week high point — that compares with a last trade of $119.94. Find out what 9 other oversold stocks you need to know about » Free Report: Top 8%+ Dividends (paid monthly)
BBC News
9 hours ago
- Business
- BBC News
Consett aerospace workers to strike over sick pay
Workers at an aerospace company have voted to go on strike in a dispute over sick pay. The GMB union said 96% of its members at Gardner Aerospace in Consett, County Durham, had voted to take industrial action. The trade union accused bosses of attempting to cut the first three days of sick pay for staff in a move described as "punishing hard-working staff".Gardner Aerospace declined to comment as it was "actively working" to find a "constructive solution". The firm's Consett site produces high precision sheet metal components, which GMB say is "heavy manual work, often resulting in illness such as RSI, muscular skeletal conditions and the development of hernias".Etain Stobbart, GMB organiser, said: "Gardner Aerospace proudly claims that their best investment is their people."We agree: its huge profits are based on the physically demanding work of front-line staff."To try and reduce our members sick pay demonstrates they are not living their values."The union said it will meet members to discuss their next steps and urged the company to join in discussions to come to a resolution. Follow BBC North East on X, Facebook, Nextdoor and Instagram.
Economic Times
12 hours ago
- Business
- Economic Times
Network18 Media shares rally 13% after co turns profitable in Q1
Shares of Network18 Media jumped 13.5% on Wednesday, hitting an intraday high of Rs 63.51 apiece on the BSE, after the company reported a turnaround to profitability in the June quarter. It posted a net profit of Rs 516 crore, driven primarily by an exceptional gain. ADVERTISEMENT For the June 2025 quarter, Network18 reported revenue from operations of Rs 430 crore, a 5% year-on-year (YoY) decline. The company posted a net profit of Rs 516 crore, largely due to an exceptional item of Rs 537.97 crore. In comparison, the company posted a net loss of Rs 80.85 crore in the corresponding quarter of the last financial year. Mr. Adil Zainulbhai, Chairman of Network18, commented on the results, 'Another quarter of strong operating performance; however, persisting macro-economic headwinds meant that it did not translate into a commensurate financial performance. Our steady progress across operating metrics over the last few quarters is a testimony to our vision for the business and the strategic execution of our plans. Our new product launches highlight our forward-looking approach and our endeavour to continue diversifying our business and build new avenues of growth.' From a technical standpoint, Network18 is showing strength, trading above all 8 key simple moving averages (SMAs) — from the short-term 5-day SMA to the long-term 200-day SMA. This suggests positive momentum across multiple timeframes. The 14-day Relative Strength Index (RSI) is at 51.5, indicating the stock is neither overbought (above 70) nor oversold (below 30), signalling a balanced position. Also read: Silver jumps 30% in 2025 so far: Will it reach Rs 2 lakh or correct soon? ADVERTISEMENT The stock's 52-week high stands at Rs 106.01, while the 52-week low is Rs 39.55, showing a wide trading range over the past year.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
12 hours ago
- Business
- Time of India
Network18 Media shares rally 13% after co turns profitable in Q1
Quarterly Performance Highlights Management Commentary: Prices and Technical Analysis Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Network18 Media jumped 13.5% on Wednesday, hitting an intraday high of Rs 63.51 apiece on the BSE, after the company reported a turnaround to profitability in the June quarter. It posted a net profit of Rs 516 crore, driven primarily by an exceptional the June 2025 quarter, Network18 reported revenue from operations of Rs 430 crore, a 5% year-on-year (YoY) decline. The company posted a net profit of Rs 516 crore, largely due to an exceptional item of Rs 537.97 crore. In comparison, the company posted a net loss of Rs 80.85 crore in the corresponding quarter of the last financial Adil Zainulbhai, Chairman of Network18, commented on the results, 'Another quarter of strong operating performance; however, persisting macro-economic headwinds meant that it did not translate into a commensurate financial performance. Our steady progress across operating metrics over the last few quarters is a testimony to our vision for the business and the strategic execution of our plans. Our new product launches highlight our forward-looking approach and our endeavour to continue diversifying our business and build new avenues of growth.'From a technical standpoint, Network18 is showing strength, trading above all 8 key simple moving averages (SMAs) — from the short-term 5-day SMA to the long-term 200-day SMA. This suggests positive momentum across multiple 14-day Relative Strength Index (RSI) is at 51.5, indicating the stock is neither overbought (above 70) nor oversold (below 30), signalling a balanced read: Silver jumps 30% in 2025 so far: Will it reach Rs 2 lakh or correct soon? The stock's 52-week high stands at Rs 106.01, while the 52-week low is Rs 39.55, showing a wide trading range over the past year.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
