Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>We take a look at actionable stocks within the U.S. manufacturing sector, a Vermilion Research overweight.  The following industry groups are represented: Aero/Defense, Auto Parts , Industrial Rental Equipment, Building Products &amp; Fixtures.</p><ul><li>List of highlighted charts: ALV, BDC, BLDR, CW, EMR, HDNG, HEES, HII, HURC, HXL, ITT, KAMN, LCII, LNN, MGRC, MLR, MOD, NNBR, NPO, PCAR, SPAR, SSD, SXI, TEX, TRN, TRS, TXT, URI, VICR, VMI, WSO, WTS</li></ul>

We take a look at actionable stocks within the U.S. manufacturing sector, a Vermilion Research overweight.  The following industry groups are represented: Aero/Defense, Auto Parts , Industrial Rental Equipment, Building Products &amp; Fixtures.List of highlighted charts: ALV, BDC, BLDR, CW, EMR, HDNG, HEES, HII, HURC, HXL, ITT, KAMN, LCII, LNN, MGRC, MLR, MOD, NNBR, NPO, PCAR, SPAR, SSD, SXI, TEX, TRN, TRS, TXT, URI, VICR, VMI, WSO, WTS

U.S. Manufacturing Sector Breaking Out to All-Time Relative Strength Highs; Actionable Stocks

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Equity Bottom-Up

Samart Aviation Solutions Public Co Ltd / Equity Bottom-Up

Samart Aviation Solutions Public Co Ltd (SAV TB)

<ul><li>Technically, the SET Index is expected to weaken, with the support levels at 1,236/1,230 points and resistance at 1,254/1,260 points.</li><li>In the medium term, the index remains in a zig-zag down downtrend, searching for a bottom within the range of 1,220-1,506 points.</li><li>In the short term, the first signs of a pullback have emerged after the index formed a lower high and lower low pattern for the first time since the technical rebound began on February 17 from the new low of 1,236.80 points.</li></ul>

Technically, the SET Index is expected to weaken, with the support levels at 1,236/1,230 points and resistance at 1,254/1,260 points.In the medium term, the index remains in a zig-zag down downtrend, searching for a bottom within the range of 1,220-1,506 points.In the short term, the first signs of a pullback have emerged after the index formed a lower high and lower low pattern for the first time since the technical rebound began on February 17 from the new low of 1,236.80 points.

<ul><li>Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,280/1,273 points and the resistance at 1,298/1,305 points.</li><li>The recommended investment strategy is to sell on rallies until a new technical buy signal emerges.</li><li>KTX expects Thailand's inflation to continue recovering, leading to the lowest real rate in Asia and increasing the likelihood of the MPC maintaining interest rates.</li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,280/1,273 points and the resistance at 1,298/1,305 points.The recommended investment strategy is to sell on rallies until a new technical buy signal emerges.KTX expects Thailand's inflation to continue recovering, leading to the lowest real rate in Asia and increasing the likelihood of the MPC maintaining interest rates.

<ul><li>Technically, the SET Index is expected to weaken, with support levels at 1,446/1,440 points (50-day EMA) and the resistance at 1,460/1,465 points (25/10-day EMA).</li><li>We maintain the recommendation to sell on rises and wait for buying opportunities at support levels.</li><li>MOSHI maintains its target of 20% YoY growth in total sales revenue for 2024, expecting 2H24 to outperform 1H24 due to the high season for the business, new branch openings, and the development and launch of new products.</li></ul>

Technically, the SET Index is expected to weaken, with support levels at 1,446/1,440 points (50-day EMA) and the resistance at 1,460/1,465 points (25/10-day EMA).We maintain the recommendation to sell on rises and wait for buying opportunities at support levels.MOSHI maintains its target of 20% YoY growth in total sales revenue for 2024, expecting 2H24 to outperform 1H24 due to the high season for the business, new branch openings, and the development and launch of new products.

<ul><li>Technically, the index is expected to weaken, with the support at 1,376/1,370 points and the resistance at 1,387 points (25-day EMA)/1,380 points, based on yesterday's technical sell signal that occurred after it created a lower low point and fell below the major support, which increases the likelihood of a further decline.</li><li>Keep a close watch for hints about the possible trajectory of the fed funds rate from the speech by the Atlanta Fed's Raphael Bostic (voter), who is expected to reiterate his view calling for no more than three rate cuts this year and patience regarding a dovish shift in the Fed's monetary policy.</li><li>The minutes may continue to indicate that the Fed is in no rush to cut interest rates.</li></ul>

Technically, the index is expected to weaken, with the support at 1,376/1,370 points and the resistance at 1,387 points (25-day EMA)/1,380 points, based on yesterday's technical sell signal that occurred after it created a lower low point and fell below the major support, which increases the likelihood of a further decline.Keep a close watch for hints about the possible trajectory of the fed funds rate from the speech by the Atlanta Fed's Raphael Bostic (voter), who is expected to reiterate his view calling for no more than three rate cuts this year and patience regarding a dovish shift in the Fed's monetary policy.The minutes may continue to indicate that the Fed is in no rush to cut interest rates.

Keep a Close Watch on US FOMC Minutes and Earnings of NVIDIA and HSBC

United States

Sparton Corporation provides electronic manufacturing services, including design and/or manufacture of a variety of electronic and electromechanical products and assemblies.  The Company's products include microprocessor-based systems, transducers, printed circuit boards, and sensors.  Sparton also develops and manufactures sonobuoys, which are anti-submarine warfare devices.

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Sparton Corp (SPA US)

U.S. Manufacturing Sector Breaking Out to All-Time Relative Strength Highs; Actionable Stocks

We take a look at actionable stocks within the U.S. manufacturing sector, a Vermilion Research overweight. The following industry groups are...

Vermilion Research

Strategic Daily Picks

Technically, the SET Index is expected to weaken, with the support levels at 1,236/1,230 points and resistance at 1,254/1,260 points. In the...

Krungthai XSpring

Krungthai XSpring Zoom Eng.

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,280/1,273 points and the resistance at...

Krungthai XSpring

3Q24 Earnings Results

Technically, the SET Index is expected to weaken, with support levels at 1,446/1,440 points (50-day EMA) and the resistance at 1,460/1,465 points...

Krungthai XSpring

Keep a Close Watch on US FOMC Minutes and Earnings of NVIDIA and HSBC

Technically, the index is expected to weaken, with the support at 1,376/1,370 points and the resistance at 1,387 points (25-day EMA)/1,380 points,...

Krungthai XSpring

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