RE: Stage Analysis Beginners Questions
Consumer Cyclical: Specialty Retails
I have another set. These are the most exciting for me because most of them are either in early stages of Stage 2 or late stage 1s with a potential late stage 4 that has the potential of swinging into a stage 2 imo.
MUSA Stage 2 Above Rising MA with declining trend of -4.17% at 260 days. RS above SPX with an approximate 7% sell stop risk. Potential breakout at $117.67
ORLY Stage 2 Above Rising MA with declining trend of -4.6% at 240 days. RS above SPX with an approximate 6% sell stop risk. Potential breakout at $433.63
My only gripe with the above stage 2s are their expensive prices. However, they do feature no overhead resistance.
HOME Stage 1 Above non-rising MA with declining trend of -23.27% at 260 days. RS above SPX with an approximate 33% sell stop risk. Potential breakout at $8.125
SFIX Stage 1 Above rising MA with declining trend of -11.09% at 385 days. RS above SPX with an approximate 20% sell stop risk. Potential breakout at $28.64
Weird breakout with Day volume breakout, but average week volume breakout. The breakout didn't pan out and dropped.
TCS Stage 1 Above non-rising MA with declining trend of -17.31% at 260 days. RS above SPX with an approximate 16.7% sell stop risk. Potential breakout at $4.43
BGFV Stage 1 Above non-rising MA with declining trend of -66.11% at 760 days. RS above SPX with an approximate 39% sell stop risk. Potential breakout at $2.92
This one is the most exciting to me due to its volume on 9 July 2020. It was at the highest ever in its history with 37.255 million shares exchanged with average 3 months volume at 1.40M. That's insane!! Today's volume is at 0.7 million. There is a big story brewing behind this stock and I don't know if all of the short squeeze just happened on the same day, which would be too large of a coincidence imo.
HIBB Stage 1 Above non-rising MA with declining trend of 1.24% at 1085 days. RS above SPX with an approximate 67% sell stop risk. Potential breakout at $29.2
REAL Stage 1 Above non-rising MA with declining trend of -4.68% at 260 days. RS below SPX and declining with an approximate 21% sell stop risk. Potential breakout at $15.25.
Although it has a declining RS at the moment, it did have above and rising RS earlier in July. The swings may mean that it is consolidating. Not a buy, but something to keep an eye out for.
PRTY Stage 4 Below non-rising MA with declining trend of -29.71% at 180 days. RS below SPX with an approximate 81% sell stop risk. Potential breakout at $2.63.
This is just to keep an eye out for. The declining MA is consolidating, so it can swing a bit into stage 1 for a short duration before its breakout or downs. It seems to be very late into its stage 4 so there may be some potential a few months down the line.
I welcome feedback!