New Residential Investment Corp. (NRZ)
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Currently, New Residential Investment stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for NRZ in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
"To sell or not to sell", if you are holding New Residential Investment stock?. Trading strategies allow us to avoid impetuous decisions based on our personal moods or the buzz surrounding the market. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for selling short NRZ stock
A guiding principle is that you should never hold a trade that generates higher than expected losses at the time of purchase. The moment to sell shares should always be determined by the stop-loss (automatic or manual)
In the current situation of New Residential Investment there is not any eligible sell setup, so New Residential Investment stock holders with operations in green can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last month, 3 analyst ratings were published for New Residential Investment. General sentiment is bullish, with 3 out of 3 posting optimistic outlooks
|Sep 8th, 2020|
|Credit Suisse Group||Strong buy|
|Sep 17th, 2020|
|Credit Suisse Group||Strong buy|
|Sep 24th, 2020|
|UBS Group||Strong buy|
A favorite tool of many traders are the moving averages, that easily show market momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. You can found more about Moving Averages from sources like Wikipedia and Investopedia
Traders use support and resistance levels as a way to find price points on a chart that may work as obstacles, preventing the price of a stock to move in certain direction. Supports are levels where the price tends to find support as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down the support, it is likely to continue falling until approaching another support level. On the other hand, a resistance level is where the price tends to find opposition as it moves up. In the same manner, the price is more likely to "bounce off" at this level, and if it finally ruptures this level, the price will rally more easily until it finds the next resistance
The current resistance levels are:
The current supports are:
The so-called Bollinger bands are a well-established technique introduced by John Bollinger. It consists of three lines that are plotted superimposed on the price evolution chart:
The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. Its objective is to plot the current and previous weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s
The RSI has been between the overbought and oversold zones for some weeks, and therefore, without this indicator really being of any help to us in making any decisions.
NRZ hosted the quarterly shareholders event and released the Q2 report in mid-July. NRZ posted Q2 earnings of $0.34 per share on revenue of $383.9 million. The market estimate was $0.31 per share on revenue of $410.4 million.
Same quarter last year, reported EPS was $0.53, so recently reported EPS means a drop of -35.85%. Looking at revenues, figures exploded a 350.23% compared to $85.3M same quarter 12 months ago.
NRZ presents Q3 earnings report on late next October. Estimated earnings of %s a share for this quarter is $0.33. If you own or you are thinking of buying NRZ stock, be careful as earnings reporting day usually has a higher than usual volatility, and price can gap up or down with exceptionally low liquidity and not honouring your buy or stop-loss orders. You can obtain more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.newresi.com.