As markets remain shaky, technical analysis helps investors find good stock opportunities. Using TipRanks’ Technical Analysis Screener, we have identified three stocks, Gilead Sciences (GILD), Capital One Financial (COF), and Welltower (WELL), that are currently flashing Strong Buy signals. These stocks are showing bullish momentum and present short- to midterm 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 Gilead a Good Stock to Buy Now?
Gilead Sciences is a biopharmaceutical company specializing in antiviral drugs and treatments for HIV, hepatitis, and other serious diseases.
According to TipRanks’ technical analysis, GILD 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 3.97 for GILD stock. Since an ROC above zero suggests upward momentum, this signals a Buy for the stock.
Is Capital One Financial a Good Stock to Buy?
Capital One is a U.S.-based bank holding company offering credit cards, consumer banking, and financial services.
According to TipRanks’ technical analysis, Capital One stock holds a Strong Buy consensus. COF stock also holds a Strong Buy rating based on moving average consensus, supported by 11 bullish and one bearish signal, indicating strong upward momentum.
Is Welltower a Good Stock to Buy?
Welltower is a real estate investment trust (REIT) focused on healthcare properties, including senior housing, assisted living, and medical offices.
From a technical analysis perspective, Welltower is rated a Strong Buy on overall consensus as well as moving average consensus. Additionally, WELL stock shows a positive ROC of 6.97, supporting a Buy signal and indicating strong upward momentum.
