As markets remain shaky, technical analysis helps investors find good stock opportunities. Using TipRanks’ Technical Analysis Screener, we have identified three stocks, SPX (SPXC), GDS Holdings (GDS), Modine (MOD) that are currently flashing Strong Buy signals. These stocks are showing bullish momentum and present short- to mid-term upside potential, backed by Strong Buy ratings from Wall Street analysts.
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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 SPX a Good Buy?
SPX is a diversified global supplier of engineered infrastructure equipment, specializing in HVAC systems and detection and measurement technologies.
According to TipRanks’ technical analysis, SPX 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 0.76 for SPX. Since an ROC above zero suggests upward momentum, this signals a Buy for the stock.
Is GDS Holdings a Good Stock to Buy?
GDS Holdings is a leading developer and operator of high-performance data centers in China.
According to TipRanks’ technical analysis, GDS stock holds a Strong Buy consensus. The stock also holds a Strong Buy rating based on moving average consensus, supported by all 12 bullish signals, indicating strong upward momentum.
Is MOD a Strong Buy?
Modine specializes in thermal management solutions, creating heat transfer products for a wide range of industries.
From a technical analysis perspective, MOD stock is rated a Strong Buy on overall consensus. The stock also carries a Strong Buy rating based on moving average consensus, backed by 12 bullish signals, showing strong upward momentum.