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Natural Gas Price Forecast: Natural Gas Continues to See Sellers Above

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Christopher Lewis
·2 min read
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Natural gas markets initially rallied a bit during the trading session on Friday only to see sellers come back into the marketplace just below the $3.00 level. The shooting star of course is a negative sign, but quite frankly this is more of what we have seen recently. The consolidation that we have been in makes quite a bit of sense, due to the fact that there is a massive amount of supply out there that is going to cause downward pressure. Yes, I understand that the market is going to continue to focus on the cold temperatures, which means that we could see some buyers, but longer-term the reality is that the springtime is coming, and demand will drop off of a cliff. This is a short-term bullish situation, followed by the longer-term fundamentals.

NATGAS Video 15.02.21

To the downside, the market is likely to go looking towards the 50 day EMA, near the $2.75 level. If we can break down below there, then the market is likely to go looking towards the $2.50 level. On the other hand, the market was to turn around a break above the $3.06 level, we probably have to “reset” at higher levels, perhaps selling at the $3.20 level. In general, this is a market that I think will continue to be very noisy, but overall, it is more than likely going to be a scenario where the sellers are going to jump in and punish this market if it gets a little bit overdone. I do anticipate a lot of choppy behavior, but I still only sell natural gas this time of year, and therefore it makes quite a bit of sense that I will simply look for shorting opportunities.

For a look at all of today’s economic events, check out our economic calendar.

This article was originally posted on FX Empire

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DouYu International (DOYU) Source: Shutterstock As one of China’s leading livestream gaming companies, DouYu has garnered a lot of attention as many American investors have looked to these types of tech stocks that are familiar to U.S. audiences. Given the fact that whatever is hot in the U.S. is likely hot in China, and China has orders of magnitude more people, it makes sense that if gaming hot here, it’s even hotter in China and its region. There is talk that DOYU and another big player in the space may merge, but that hasn’t happened yet. And given Chinese authorities’ crackdown on anti-competitive moves by large companies, this could be delayed. But that doesn’t change the fact that DOYU is a top Chinese tech stock that is seeing significant growth. 7 F-Rated Growth Stocks to Sell Sooner Than Later The stock is up 57% year-to-date. Wipro (WIT) Source: Shutterstock It has been an interesting journey for this India-based multination tech firm. In 1945, the company was founded as the Western India Palm Refined Oil Limited. It sold edible refined oils. Over the years it found opportunities as India grew. It also began to partner with major U.S. corporations as the West became interested in India’s growing economy. By the mid-1990s, WIT was transitioning into a tech firm. By 2012 it had sold off most of its non-tech business divisions. And now it’s a multinational IT solutions and services firm with significant operations outside South Asia. The stock has a $32 billion market cap, so it’s a good-sized player but the Indian market isn’t very open and few companies list outside the nation. There are only a couple of Indian tech stocks available in the U.S. But this is a solid company with a very broad base in growing markets. The stock is up 19% year-to-date, and it’s trading near its 52-week highs, yet still has a P/E far below the S&P 500 average. On the date of publication, Louis Navellier has a position in ZNGA in this article. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post 7 Cheap Tech Stocks to Hop On Now appeared first on InvestorPlace.

  • 7 Stocks With Important Insider Trading Signals That Say Sell

    Insider trading happens when people who have access to confidential information about a company use that to profit off its stock. These insiders include folks like the corporate officers and members of the board of directors. Historically, there have been countless cases of unscrupulous insiders benefitting at the expense of unsuspecting shareholders. For example, suppose an insider knows that some news is about to come out that will cause a company’s stock price to fall. They could go into the market and sell their shares to someone who doesn’t know about the news. Likewise, if there’s news coming out that will drive the price higher, they could buy stock from an unsuspecting shareholder. In order to prevent this type of activity, the government has developed numerous regulations and laws. One requires that, when a company insider decides to buy or sell shares in their company’s stock, they must publicly disclose it to the U.S. Securities and Exchange Commission (SEC). That gives outside investors a chance to profit, too.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Right now, the market is making all-time new highs. Some analysts believe that this recent insanity with GameStop (NYSE:GME) and the cryptocurrency markets are signs that we are in a bubble. Many companies have seen their stock prices soar for no apparent logical or fundamental reasons. 8 Cheap Stocks Under $20 That Could Double But within this wildness, there has also been insider trading in the following seven companies. The insiders have decided to take advantage of the rallies and sell some of their shares. That could mean they believe these stocks are over or fairly valued and will eventually trade lower. aTyr Pharma (NASDAQ:LIFE) ANGI Homeservices (NASDAQ:ANGI) Anaplan (NYSE:PLAN) Tradeweb Markets (NASDAQ:TW) SVMK (NASDAQ:SVMK) Smartsheet (NYSE:SMAR) Twitter (NYSE:TWTR) Insider Traded Stocks to Sell: aTyr Pharma (LIFE) Chart by TradingView A biotherapeutics company, aTyr Pharma was founded in 2005, is based in California and is the first name in this article on insider trading. As you can see in the chart above, shares of LIFE stock doubled in just three days. On Feb. 4, the stock opened at $3.90 per share. Then on Feb. 8 — just two trading days later — shares reached $8.33. There was no news, so the stock was probably taken up by the day traders. However, two company insiders decided to sell some of their shares. President and CEO Sanjay Shukla sold 778 shares at $7.66, while CFO Jill Broadfoot sold 390 shares at $7.66 as well. These were small sales and both insiders continue to hold larger positions. But this could also mean they believe the shares got ahead of themselves in the recent market frenzy. The three analysts on Wall Street that follow this company think aTyr’s long-term prospects are great. According to Tipranks, they all have strong buy ratings on the stock, with an average price target of $13.33. That is about two times higher than where LIFE stock is now. ANGI Homeservices (ANGI) Chart by TradingView ANGI Homeservices operates a digital marketplace that — you guessed it — connects consumers with home service professionals. This is another stock that has ripped higher in the recent market chaos. As you can see on the above chart, the share price appreciated by more than 50% in less than a month. Between Jan. 15 and Feb. 8, ANGI stock rose from around $12 to a close of $18 per share. Allison Lowrie is the CMO of ANGI. She decided to raise some cash and take advantage of the recent move. Based on a SEC Form 4 (which reports insider trading), Lowrie sold 76,903 shares at $17.74 per share. That’s worth close to $1.4 million. 7 Must-Own Stocks in February Wall Street seems to agree with Lowrie that this is a fair valuation for the company. On Tipranks, nine analysts follow ANGI and have an average target price of $17.38. That is somewhat close to the current price of just under $16. Anaplan (PLAN) Chart by TradingView Anaplan is a company that provides a cloud-based planning platform to connect people and organizations. The company was founded in 2008 and is headquartered in San Francisco, California. On Jan. 28, shares of PLAN stock opened at around $62.50. By Feb. 8, they had reached a high of over $83. That represents a gain of more than 30%. Sandesh Kaveripatnam is a director for Anaplan. In terms of insider trading, Kaveripatnam decided to take advantage of the recent price appreciation and raise some cash. One Feb. 5, he sold 11,991 shares at prices between $78 and $81. That made for a sale amounting well over $900,000. Wall Street thinks that shares are fairly valued at current levels. Moreover, they probably think that Kaveripatnam has made a smart move. On Tipranks, five analysts follow Anaplan. The average target price is $79.59 — relatively in-line with where PLAN stock is currently trading. Tradeweb Markets (TW) Chart by TradingView Next on this insider trading stocks list, Tradeweb Markets builds and operates electronic marketplaces. According to it’s website, the company “offers institutional, wholesale and retail market participants unparalleled liquidity, advanced technology and a broad range of data solutions.” Moreover, Tradeweb operates in both the United States and internationally. It was founded in 1996. As you can see on the above chart, TW stock is trading at a resistance level. Resistance means there is a large concentration of sellers gathered around the same price. When stocks reach resistance levels, they have a tendency to sell off. That has happened with Tradeweb. It hit resistance in both June and December. Now it has reached that level once more. Enrico Bruni is a managing director for the company. Probably believing shares would sell off again, Bruni reportedly sold 142,861 shares at a price of $67.66 on Feb 9. 7 Safe Stocks for Reddit's WSB Bull Gang Like ANGI and PLAN, the Street thinks TW stock is fairly valued, too. On Tipranks, the seven analysts following the company give this name an average share price of $69.83 — close to current prices. SVMK (SVMK) Chart by TradingView Formerly known as SurveyMonkey, SVMK provides clients with survey software solutions. The company’s products allow other companies to engage with their customers and employees. SVMK was founded in 1999 and is headquartered in San Mateo, California. At the beginning of December, shares of SVMK stock were trading around the $21 level. Since then, they have trended higher. Trading at a high of $28.12 on Feb. 11, the stock currently changes hands closer to $25. Like with other insider trading names on this list, CEO Alexander Lurie just made a significant sale on the stock. Between Feb. 5 and Feb. 8, Lurie sold a total of 16,595 shares at an average price of $28. This is about $460,000 worth of stock. Three analysts follow SVMK stock on Tipranks and they probably agree with Lurie’s decision to sell. Each believes shares are trading at a fair price. The average target is $29. This is only slightly higher than the range that the stock traded at over the past several days — and close to the price that the CEO sold at. Smartsheet (SMAR) Chart by TradingView Smartsheet provides a cloud-based platform for the efficient execution of work. The company was founded in 2006 and is headquartered in Washington state. As you can see in the above chart, between late November and now, shares have rallied from $52 to today’s levels of over $80. With SMAR stock trading at about $84 (and rising), this represents a gain of over 60% in less than three months. At least one insider is using this move to lighten up their position. In terms of insider trading, CMO Anna Griffin sold 5,500 shares between $75 and $76 on Feb. 5. That made for a gain of more than $400,000. Other insiders have reported selling shares as well. 7 F-Rated Growth Stocks to Sell Sooner Than Later This company is widely followed by Wall Street. Nine analysts cover the stock on Tipranks. They give it an average target price of $80.89. This is only a few dollars below where it trades today. Twitter (TWTR) Chart by TradingView Last on this list of insider trading stocks, Twitter is a social media company that operates as a platform for public self-expression and conversation in real time — in both the United States and internationally. It was founded in 2006 and has headquarters in San Francisco, California. Like other companies in this article, Twitter has rallied and the insiders are selling. In just the past month, the price of TWTR stock has gone from $46 to $60 and above. The stock trades at around $72 today. On Tipranks, 32 analysts give a price target of $62.86 on Twitter. This is about $10 below the current price. What’s more, Robert Kaiden is the chief accounting officer of the company and sold shares recently. On Feb. 9, Kaiden reported selling 12,032 shares at prices between $55 and $57 a piece. At the time of this publication, Mark Putrino did not have any positions (either directly or indirectly) in any of the aforementioned securities. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post 7 Stocks With Important Insider Trading Signals That Say Sell appeared first on InvestorPlace.

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  • 3 Undervalued Stocks Looking Up in 2021

    It’s common knowledge that investing in undervalued stocks can generate some juicy returns over the long haul. However, the tricky part is investing in the right stocks at the right time. Investors often favor certain sectors over others and undervalued stocks tend to be in the latter category. Although 2021 is shaping up to be a bull cycle, there are still plenty of stocks trading below their value. Investors looking for a value play should consider buying these stocks as these gravitate towards the prices they are worth.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 8 Cheap Stocks Under $20 That Could Double Here are three stocks that should be in for greater upside this year. Ford (NYSE:F) IBM (NYSE:IBM) Intel Corporation (NASDAQ:INTC) Undervalued Stocks: Ford (F) Source: Jonathan Weiss / Shutterstock.com In the Ford versus General Motors (NYSE:GM) wars, GM comes out on top this year for its recent venture into the autonomous vehicle space. However, there is plenty of evidence to prove that Ford is in a great position to close the performance gap in the coming months. One key tailwind is Rivian, the electric truck manufacturer. In 2019, Ford announced a minority stake in the electric truck start-up which is worth $28 billion. Although the company is yet to generate sales, its first vehicle is expected to come out later this year. This could bolster Ford’s bottom line as well. Adding to its partnership with Rivian, Ford is also expected to develop a line of electric vehicles in-house. In 2020, the automaker started distribution of its Mustang-Mach E and deliveries of the electric F-150 truck will begin this year. Ford has a market cap of just $45 million with free-cash-flow (FCF) of $3 billion. At this ratio, Ford is among the top undervalued stocks in the market. Under the hem of its new CEO Jim Farley, the company is primed for a major comeback this year. IBM (IBM) Source: Laborant / Shutterstock.com For the period ended in December, IBM stock took a hit after the company reported some poor quarterly results. A major reason for the 6% dip in revenue (year-over-year) was its slow adoption of cloud-based solutions. As expected, the Q4 earnings resulted in a massive sell-off bringing its share price back to March 2019 lows. Although this should deter investors from throwing their support behind the stock, IBM’s future prospects make it a great investment at its current price. For one, IBM’s recent transition to cloud solutions gives the company plenty of opportunities to grow in the coming years. According to CEO Arvind Krishna, hybrid cloud computing will be a $1 trillion opportunity for the company. This along with developments in artificial intelligence (AI) will translate to higher revenue levels in the second half of this year. Given the positive trends, I think IBM remains one of the most undervalued stocks on the market right now. Investors should get behind the investment before prices go higher. Intel Corporation (INTC) Source: Kate Krav-Rude / Shutterstock.com Another company that’s had a tough run this year is the chipmaker Intel. During its earlier than expected earnings call, CEO Pat Gelsinger stated that the company will continue to manufacture its chips in-house. This came as a disappointment to many investors who were hoping the company would outsource the manufacturing to improve internal efficiency. The news overshadowed Intel’s earnings, which beat analyst estimates on both revenue and earnings per share. Although the reaction to the earnings was a mixed bag there are still plenty of reasons to hold on to Intel stock. Intel stated that it will not outsource the production of its chips but there is a possibility it could do so for its other line of products like GPUs. As far as CPUs go, keeping the production of this in-house is capital intensive and could very-well lower its market competitiveness. However, there is good reason to believe that it can catch up to rivals like Advanced Micro Devices (NASDAQ:AMD), an emerging leader in the space. Last month, Intel introduced a new line of processors that will hit the market this year. As CPU sales spike, Intel will be able to capture a greater share of the market this year. Intel definitely has its challenges but in the grand scheme of things, the company has numerous opportunities to come out on top in 2021. On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Divya Premkumar has a finance degree from the University of Houston, Texas. She is a financial writer and analyst who has written stories on various financial topics from investing to personal finance. Divya has been writing for InvestorPlace since 2020. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post 3 Undervalued Stocks Looking Up in 2021 appeared first on InvestorPlace.

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