WBA's quick dip

Hey guys! Quick chat about a stock that popped up on the daily market scan that I think is promising for some downside action. Here's what VoEx has to say about $WBA [Quick summary: VoEx measures the price-directing forces on a stock and can indicate when these forces become too heavily involved in a stock's price-action. Graphically, VoEx-daily (magenta) indicates the day-to-day changes in VoEx and VoEx-trend (tan) indicates the over-all trend. VoEx indicates the greatest level of stability when it resides within the horizontal lines, shown below. When VoEx is above the line it is said that the stock has overly-inhibitory forces, and when it is negative, it is said to be overly-propagated. Let's have a look:] Here's the results of the market scan from today: https://i.imgur.com/dSdo3OO.png It's telling us that WBA initiated a gamma squeeze today with a ratio of 0.003 which is pretty healthy. In investigating we see that it had a bit of a negative day today alrady (-0.55%) but I think that will continue.Here's VoEx: https://i.imgur.com/6dKSdD7.png VoEx-daily dipped into the propagation zone with the latest price depreciation, and the recent price appreciations have been met with pretty good spikes in price. This suggests there is instabilty on any price increase and the stock has a vacuum of sorts on the down-side. Looking at how VoEx's behavior is associated with the price, we can look at the SNAP graph: https://i.imgur.com/iUkhXM9.png The 5-day SNAP alogirthm bundles VoEx's underlying statistics and compares them with price-action on that stock. We see that the prediction here is for negative returns over the next 5-day period (as indicated by the red cross hairs. The highlighting around the blue trend is a 95% confidence interval). Lastly, when looking to see what the floor may be for this price drop, the options layout can be useful. https://i.imgur.com/h8Etk9l.png Put-floors can be useful stop-gap measures, depending on the momentum the stock builds up with its price decline. For now, I think it is reasonable to assume that $45 will be the next stop. Happy trading!

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WBA's quick dip

bearish

Hey guys!

Quick chat about a stock that popped up on the daily market scan that I think is promising for some downside action. Here's what VoEx has to say about $WBA

[Quick summary: VoEx measures the price-directing forces on a stock and can indicate when these forces become too heavily involved in a stock's price-action. Graphically, VoEx-daily (magenta) indicates the day-to-day changes in VoEx and VoEx-trend (tan) indicates the over-all trend. VoEx indicates the greatest level of stability when it resides within the horizontal lines, shown below. When VoEx is above the line it is said that the stock has overly-inhibitory forces, and when it is negative, it is said to be overly-propagated. Let's have a look:]

Here's the results of the market scan from today:



It's telling us that WBA initiated a gamma squeeze today with a ratio of 0.003 which is pretty healthy. In investigating we see that it had a bit of a negative day today alrady (-0.55%) but I think that will continue.Here's VoEx:



VoEx-daily dipped into the propagation zone with the latest price depreciation, and the recent price appreciations have been met with pretty good spikes in price. This suggests there is instabilty on any price increase and the stock has a vacuum of sorts on the down-side.

Looking at how VoEx's behavior is associated with the price, we can look at the SNAP graph:



The 5-day SNAP alogirthm bundles VoEx's underlying statistics and compares them with price-action on that stock. We see that the prediction here is for negative returns over the next 5-day period (as indicated by the red cross hairs. The highlighting around the blue trend is a 95% confidence interval).

Lastly, when looking to see what the floor may be for this price drop, the options layout can be useful.



Put-floors can be useful stop-gap measures, depending on the momentum the stock builds up with its price decline. For now, I think it is reasonable to assume that $45 will be the next stop.

Happy trading!

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read-time
1 min

45.00

Target Price

8/ 10

Confidence

2-4 Weeks

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