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KRE

BNKU- Triple Leveraged Bank Sector LONGOn the hourly chart, BNKU fell from a head and shoulders in late July , crossed under VWAP lines in a VWAP breakdown and pullback before an inverse head and shoulders type reversal now underway. The zero-lag MACD is confirmatory. I will take a long trade here. Projected stop loss and targets ( TP1-40% TP2 40% and T3 20%) are on the chart. I see this as a very safe trade with an estimated 12% overall profit expected. I am in a WFC trade and looking at ETFs DPST and KRE as well
AMEX:BNKULong
by AwesomeAvani
WFC setting up a VWAP bounce LONGOn this 4H chart, I see WFC having had a bit trend up and then a retractment through the upper anchored VWAP lines toward the mean running VWAP where I expect a bounce. At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this impending reversal with bullish divergence in the line cross under a histogram which went red to green. I will take a long trade here with a stop loss under the histogram and a target just below the pivot high in mid July. I will zoom onto a 30 minute time frame to better select an optimal entry on the reversal. I will check banks in general including the ETFs KRE KBE BNKU and DPST.
NYSE:WFCLong
by AwesomeAvani
DPST a triple leveraged bullish ETF for Regional Banks LONGWhile tracking regional banks DPSt had a bad time in the spring with the small and regional bank failures/rescues and the federal actions to buttress the faith of citizens in them. There has been no runs on the banks. Larger banks may be taken some business from small banks sattled with securities with diminished value due to rising interest rates and the effect on the face value of those fixed-rate securities. No matter, things are better now. This is not to say the whole banking sector stress is resolved. Banks have enjoyed great returns on credit cards. The 15-minute chart here shows a good overall uptrend within ascending parallel support and resistance trendlines. Price is presently at the bottom of that parallel channel. The relative trend index signal is near zero meaning at least in this instance trend is fairly quiet with low volatility. Relative strength lines have bounced up from the lows of about 20 and now are in the 40-50 range. Overall, I see this as a good entry point for a long-swing trade targeting the top of the channel which I estimate will be about 100 buy the end of next week estimating the trade duration to be 5 trading days. My reasonable opinion is that next week's volatility will be far less than this past week and that DPST will do well. I will also take a look at the KRE and KBE ETFs. I like this as a long setup with a 15% potential for a ver low risk in a stop loss set $.50 below the channel.
AMEX:DPSTLong
by AwesomeAvani
KRE a banking sector ETF for regional banks LONGWhile tracking regional banks KRE had a bad time in the spring with the small and regional bank failures/rescues and the federal actions to buttress the faith of citizens in them. There have been no runs on the banks. Larger banks may be taken some business from small banks saddled with securities with diminished value due to rising interest rates and the effect on the face value of those fixed-rate securities. No matter, things are better now. This is not to say the whole banking sector stress is resolved. Banks have enjoyed great returns on credit cards. The 15-minute chart here shows a good overall uptrend within ascending parallel support and resistance trendlines. Price is presently at the bottom of that parallel channel. The relative trend index signal shows bearish trending today providing confirmation of of a dip which is now available as an entry point. Relative Strength Indicator which compares with the SPY showing persistent strength Overall, I see this as a good entry point for a long-swing trade targeting the top of the channel which I estimate will be about 52 by the end of next week estimating the trade duration to be 5 trading days. My reasonable opinion is that next week's volatility will be far less than this past week and that DPST will do well. I will also take a look at the KRE and KBE ETFs. I like this as a long setup with a 15% potential for a very low risk in a stop loss set $.50 below the channel at 47.84 I have uploaded a similar idea on DPST.
AMEX:KRELong
by AwesomeAvani
1
$KRE Testing Double TopTechnical Analysis for AMEX:KRE Testing Double Top and 150 day moving average. Banks are nearing a resistance level. The KBW Bank Index (BKX) and the SPDR S&P Regional Banking ETF (KRE) have both been on a strong upward trend in recent weeks, but they are now approaching their respective 150-day moving averages. These moving averages are important technical indicators, and they often act as resistance levels. If the BKX and KRE break above their 150-day moving averages, they could continue to move higher. However, if they fail to break above these levels, they could pull back and consolidate. For those with quick profits, it may be a good idea to take the money and run. The risk of a pullback is increasing as the BKX and KRE approach their 150-day moving averages. The circumstance at present for each (the BKX and KRE) can be characterized as “a rally to a difficult level where overhead supply comes into play”. This means that there is a lot of selling pressure at these levels, and it could be difficult for the BKX and KRE to break through. If you are still bullish on banks, I would recommend waiting for a pullback before buying. This would give you a better entry point and reduce your risk.
AMEX:KRE
by AlgoTradeAlert
1
BNKD Is the banking crisis still simmering?Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits.Jun 14, 2023 BNKD, the banking bearish and leveraged ETF has dropped in trend down in the past month albeit with some upgoing corrections along the way. GS, JPM and MS are all uptrending as an with DPST high jumping in the past day. On the 2H chart, BNKD is in deep oversold undervalued territory at or below more than two standard deviations below the mean VWAP. However: (1) the mass index indicator popped into the reversal zone and then dropped below the trigger level of 26.5. I see this as a mathematical prediction of a soon impending reversal. (2) the dual time frame RSI shows the lower TF blue line bounced from the lows and the higher TF is flat not showing further weakness. I consider this a subtle bullish divergence. (3) Importantly the red line in the sand here is the POC line of the visible range volume profile. Price is presently supported by that line showing buyers taking a defensive stand at that level. Overall, I will take a long reversal trade here targeting the middle of the first upper deviation band at 12.0 with a stop loss at 8.88. This is a high potential reward of 35% for a small risk taken. The reward on an options trade would potentially be well over 100%. I will zoom into a 15-30 minute time frame to select a pivot low to make a more precise entry.
AMEX:BNKDLong
by AwesomeAvani
4
DPST Long as the banking sector stabilizesDPST was down in April, consolidated in May and is now parabolically rising and had a price split in recent days.On the one hour chart, price is rising along the quickly after a pivot on June 1. Price is well above the POC line of the intermediate term volume profile showing buyer strength The relative strength on the RSI indicator is flat over 80. I will take a long trade with a stop loss at 5% and a take profit at 20%. I will end the trade early if the RSI drops below 75 as a risk management maneuver. I will be viligent for a correction / retracement because the price is up more than 10% in one day.
AMEX:DPSTLong
by AwesomeAvani
KRE - Regional Banking Crisis or Opportunity? KRE Regional Banking ETF We are currently at oversold levels that offered good historic returns even if we only rise 15% to TASE:TASECTORBALANCE (Dec 2018 low) before moving lower. Given the evolving Banking Crisis we could we revisit the bottom of the long term channel by EOY. This would be a great opportunity. Throwback to TASE:TASECTORBALANCE dollars current idea... stay frosty on this one traders. Current wick low is your stop. Safe Trading PUKA
AMEX:KRELong
by PukaCharts
8
KBE ( in top of ascending channel ) is ready to shortKBE on the one-hour chart has been in a rising parallel channel for a month. It is now near the the top of the channel having pivoted within the past few trading sessions. The MACD which is no lag shows a line cross above the histogram while the RSI is topped out as it was on May 23rd the most recent previous pivot downward. I see this as a short setup. The stop loss is at the recent pivot high while the target is $35.15 at the bottom of the channel and somewhat confluent with the POC line of the volume profile which is a natural bounce and reversal value. I would also short the banks by going long on BNKD which adds the extra risk and potential reward of leverage ( see that idea)
AMEX:KBEShort
by AwesomeAvani
Is it time to short the big banks with BNKD again?As shown on the 4H chart BNKD, a triple leveraged ETF inverse to big bank stocks has had ups and downs reflecting the chaos in the banking system with some failures and federal support or takeovers. Online banks are thriving while some smaller regional banks are challenged with a portfolio of bonds and treasuries bearing low yields. Price is presently at the same level as the high of December 22 and low of April 23. This level is acting as support also allowing for a narrow stop loss for a long trade. Price is below the high volume area of the long term volume profile which equates to the fair value area. Accordingly, BNKD is oversold and discounted below fair value into the undervalued range. It is below the mean anchored VWAP line and in the area of one standard deviation below that line. The zero-lag MACD shows an early impending cross of the lines under the histogram another suggestion of a reversal I will take a long trade with the stop loss directly below the horizontal support line by $ 0.25 while the first target just below the confluence of the POC line and the mean VWAP @ $.13.90 while the final target is $ 15.60 near the top of the high volume area. I see this as a safe long trade with a high R:R and profit potential.
AMEX:BNKDLong
by AwesomeAvani
BAC rising from support LONGBAC on the daily recently descended from an asymmetrical head and shoulders pattern near to or in the supply zone as indicated by the Luxalgo indicator down into the demand zone in late March and early May for a double bottom. Fundamentally, the banking system has been propped up by the federal central banking mechanisms and the situation seems to have stabilized. DPST and KRE banking ETFs have had some good days of late. On the chart the Luxalgo Echo indicator, a predictive algorithmic tool, suggests that BAC will rise during this summer and then bounced down from the resistance of the trendline of the neck of the asymmetrical H & S. I can easily conclude that BAC is ripe for a long trade. I will take an out of the money call option for DTE 9/20 striking #37.00. I will set the stop loss at 20% - Of the 15 contracts, I will close 2 after each 20% profit level is achieved and expect to make overall 150-250% by mid-August. Because of time decay, I will not carry these open beyond September 1st.
NYSE:BACLong
by AwesomeAvani
BOH Bank of Hawaii Is this a safe short?BOH has been in a downtrend for 2 months since the very beginning of the small bank crisis all precipitated by the fed and its rate hikes confounding the value of bonds with fixed yields. As can be seen on the 4H chart, price was in consolidation in January and February but the dropped out of the supply / resistance zone which is quite thick by the Luxalgo indicator. Price hit another consolidation range at about $ 50 and then moved lower as the banking crisis was temporarily stabilized but then took another downside leg. the moving averages show price underneath both the EMA 100 and EMA 20 while also in the range of three standard deviations below the mean anchored VWAP. the EMA100 and the mean anchored VWAP provide confluent super-trend direction. Support is breaking down; Price is in the deep undervalued area and has not stabilized where it is. As such it bargain hunter's dream but more likely a solid and sate shorting candidate. I always keep in mind if a catalyst such as federal rescue measures comes into play, and price reverses above say $36.00 some buying momentum could come into effect especially if short sellers need to cover their positions to out with a small profit or loss. This play would have far less liquidity than PACW but perhaps more room to the downside from which to realize profit.
NYSE:BOH
by AwesomeAvani
KRE Is a reversal underway?KRE the regional bank ETF is down about 50 % YTD, with a couple of bank failures leading the way. The question that arises is whether there is more downside. Faith and trust in the the banking system is at risk. The big banks came in their rescue on First Republic. A run on the little banks can hurt the big banks even Goldman Sacks. Holding treasuries with fixed rates lower than current rate sucks for sure. The fed will clean up this mess and will do it right and has started that process. KRE chart with the fisher transform indicator and the zero-lag MACD tells me that KRE is now " reverting to the mean" & dropped below the Fibonacci bands of the basis EMA. Line crossovers on the indicators are confirmatory. I will seize the situation and add to my long position. Due you agree that this is picking low laying fruit?
AMEX:KRELong
by AwesomeAvani
1
PANW Is this bank stock reversing or a correction?PANW as a stressed back stock has been trending down. However as seen with the regional banks at large ( KRE as an example ) the bear market had a bullish rally the past couple of trading days. So, is this a reversal to trade or merely a pullback of the trend down good for a short entry? On the 15 minute chart price has ascended to outside the Fibonacci bands (EMA 42 2.618 bands) where mean reversion may soon apply. The fisher transform lines are approaching the redline above where reversal is statistically likely. On the zero lag MACD, the lines have crossed and are about to cross the zero line. Overall, the chart suggests to be that PANW and perhaps the regional banks in general are merely taking a break from the trend down. I see this as an entry opportunity to join the continuation of the trend and will take a short position.
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by AwesomeAvani
1