Thursday, October 22, 2020

Chart of the Day - Darling Ingredients


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Barchart.com's Chart of the Day - Darling Ingredients
October 22, 2020: Published by Barchart.com

The Chart of the Day belongs to the recycling food company Darling Ingredient (NYSE:DAR).  I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 9/30 the stock gained 27.64%.

Darling Ingredients Inc. is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. It collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings and hides. The Company also provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. Darling Ingredients Inc., formerly known as Darling International Inc., is headquartered in Irving, Texas.

DAR

 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signal
  • 178.60+ Weighted Alpha
  • 143.59% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and100 day moving averages
  • Relative Strength Index 80.71%
  • Technical support level at 49.55
  • Recently traded at 45.99 with a 50 day moving average of 36.18

Fundamental factors:

  • Market Cap $7.19 billion
  • P/E 22.64
  • Revenue expected to grow 2.10% this year and another 3.40% next year
  • Earnings estimated to increase 9.20% next year
  • Wall Street analysts issued 3 strong buy, 4 buy and 1 hold recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 152 ti 4 that the stock will beat the market
  • 4,490 investors are monitoring the stock on Seeking Alpha

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