Monday, January 25, 2021

Chart of the Day - UP Fintech


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Barchart.com's Chart of the Day - UP Fintech
January 25, 2021: Published by Barchart.com

The Barchart Chart of the Day belongs to the Chinese on-line brokerage UP Fintech (NASDAQ:TIGR).   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 12/22 the stock gained 157.44% .  

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support. The company also provides asset management and wealth management; ESOP management; fund license application, product design, asset custody, transaction execution, and funding allocation; fund structuring and management; and IPO underwriting services. In addition, it offers market information, community engagement, investor education, and simulated trading services. UP Fintech Holding Limited was founded in 2014 and is based in Beijing, China.

TIGR

 

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 signals
  • 272.66 Weighted Alpha
  • 366.13% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 157.44% in the last month
  • Relative Strength Index 80.54%
  • Technical support level at 12.89
  • Recently traded at 17.48 with a 50 day moving average of 8.17

Fundamental factors:

  • Market Cap $2.36 billion
  • P/E 263.00
  • Revenue expected to grow 39.90% next year
  • Earnings estimate to increase 1,300.00% this year and an additional 116.70% next year
  • Wall Street analysts issued 1 strong buy recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 10 to 1 that the stock will beat the market
  • 2,590 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

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