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Can This Stock Make a Ripple in the Market: Spire Inc. (NYSE:SR)”

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Bargain stock hunters have honed in their attention of late on shares of Spire Inc. (NYSE:SR).  The stock is currently valued at $83.32 after moving 1.54% in the most recent session and -2.99% over the past 5 trading days.  Given that the stock is priced cheaply, let’s take a look and see if there is any value here.

When doing stock research, there is plenty of easily measureable data regarding publically traded companies. There is also plenty of information that is not easily measured such as competitive advantage, quality of staff, and company reputation. Because there are forces such as the human element that come into play when selecting stocks, prices may not always move as expected. Even after crunching all the numbers and digging deep into a specific company, the stock’s performance still might not match expectations. Investors may realize that sometimes perception can be more powerful than reality. Human emotions can change very rapidly, and so can the prevailing market sentiment as well.

The average investor might not have the time to monitor every single tick of a given stock, but taking a look at historical performance may help provide some valuable insight on where the stock may be trending in the future. Over the past week, Spire Inc. (NYSE:SR) has performed -2.99%. For the past month, shares are -2.02%. Over the last quarter, shares have performed 5.10%. Looking back further, Spire Inc. stock has been 4.73% over the last six months, and 12.47% since the start of the calendar year. For the past full year, shares are 16.04%.

There is rarely any substitute for diligent research, especially when it pertains to the equity markets. No matter what strategy an investor employs, keeping abreast of current market happenings is of the utmost importance. Everyone wants to see their stock picks soar, but the stark reality is that during a market wide sell-off, this may not be the case. Recently, shares of Spire Inc. (NYSE:SR) have been seen trading 6.97% away from the 200-day moving average and 0.14% off the 50-day moving average. The stock is currently trading -4.37% away from the 52-week high and separated 28.28% from the 52-week low. Spire Inc.’s RSI is presently sitting at 45.63.

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ROA and Recommendations

Spire Inc. (NYSE:SR)’s Return on Assets (ROA) is at 3.20%.  This is an indicator of how profitable they have been relative to their total assets.  ROA indicates how efficient their management is.  It’s found by dividing annual earnings by total assets. Spire Inc.’s Return on Equity (ROE) of 9.60% reveals how much profit they generate with money from shareholders.  This is found by dividing their net income by their shareholder’s equity.

Spire Inc.’s Return on Investment 5.00%, used to find the stock’s efficiency, is calculated by dividing the return of an investment divided by its cost, is 5.00%.  As for whether to Buy, Sell or Hold at this point, sell-side firms covering company shares have a mean recommendation of 3.10 on the stock.  This is on a consensus basis according to Thomson Reuters data.  The scale is 1 to 5 where a Strong Buy rating is a 1 sliding down to a Strong Sell rating for a 5.

Investors might be looking at portfolio performance for the year and celebrating some big winners. Knowing the proper time to sell big winners can be just as important as knowing when to trim losses and cut out the losers. Investors may have become attached to a certain winning stock that nobody else seemed to notice. Holding on to a winner based on some type of emotion may end up hurting the portfolio down the line. Periodically reviewing the portfolio and tweaking the balance may be necessary to help maintain profits over the next year. Maybe there are some new names that seem poised to make a jump. Taking some profits from previous winners might help provide a boost of confidence to help the investor pull off the next big trade.

Source: claytoncaller.

Ripple

A Ripple & XRP Recap: What Took Place at Swell 2019?

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Unfortunately for fans of Ripple and XRP, the Ripple-centric and -themed Swell 2019 Conference put on in Singapore has ended. While many readers may have followed the event’s happenings closely, here’s a recap of what took place at the blockchain event, which “brings together the world’s most trusted voices across financial services, payments, technology and policy.”

What Took Place at the Top Ripple & XRP Event?

  • Ripple Passes Key Customer Milestone: Ripple has claimed to have surpassed 300 customers, which consists of a “global network of banks, financial institutions and payment providers that sends money globally, instantly and reliably for fractions of a penny.” Indeed, a blog post elaborated that Ripple has customers “in more than 45 countries and 6 continents using RippleNet, with payout capabilities in 70+ countries.”
  • On-Demand Liquidity (xRapid) Doing Rather Well: Simultaneously, one of the fintech firm’s flagship products, On-Demand Liquidity, has seen growing levels of adoption. This comes in spite of the fact that the solution was just announced at Swell 2018. A post said that the solution has “seen tremendous growth and customer interest with two dozen customers signed on to use the product.” Users of the ODL include “goLance, Viamericas, FlashFX and Interbank Peru.” It was added that “there have been more than 7x the number of transactions using ODL from the end of Q1 to the end of October.”
  • 10% of MoneyGram’s Mexico-US Transactions Use XRP: Money-transfer MoneyGram is purportedly moving 10% of its transaction volume through On-Demand Liquidity (ODL) between the United States and Mexican borders and plans to expand into four more corridors by the end of this year.
  • BeeTech Saves Millions in Transaction Fees: At Swell 2019, BeeTech co-founder Alexandre C.R. Liuzzi revealed that his payments company has save its customers more than $14 million in transaction fees across 200,000 transactions that have a nominal value of over $1.5 billion. Some of those savings can purportedly be attributed to Ripple, who has allowed BeeTech to “standardized the process for integration across different rails and increased efficiency in the settlement.”

It seems that there is more for Ripple to announce regarding what took place at Swell, hinting that it will continue to update its blog in the coming weeks. Though, it remains to be seen what exactly will be unveiled, and how that will impact the broader ecosystem of the firm and the price of XRP.

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Ripple price prediction: XRP/USD hovers above $0.2700 – Confluence Detector

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  • XRP/USD bulls has been mired in a range under $0.2800.
  • The coin may extend the downside correction to $0.2700.

Ripple’s XRP hit $0.2752 during early Asian hours, however, the upside proved to be short-lived. By the time of writing, XRP/USD resumed the decline and returned to $0.2730. The coin has been moving inside the range limited by $0.2700 on the downside and $0.2800 on the upside since the beginning of the week.

Ripple’s XRP confluence levels 

Looking technically, $0.27 remains now the key support for XRP/USD. As long as it stays intact, the coin has a chance to resume an upside recovery; though, in the short-run, the upside momentum may be capped by $0.2800. Let’s have a closer look at the technical levels that may serve as resistance and support areas for the coin.

Resistance levels

$0.2770 – SMA100 (Simple Moving Average) on 1-hour, and daily charts SMA50 daily, 61.8% Fibo retracement daily, the middle line of 4-hour Bollinger Band
$0.2820  – 23.6% Fibo retracement weekly, 161.8% Fibo projection daily
$0.2900 – 38.2% Fibo retracement monthly and weekly

Support levels

$0.2700 – 23.6% Fibo retracement daily,  38.2% Fibo retracement daily, 61.8$ Fibo retracement monthly, the lower line of the daily Bollinger Band, the lowest level of the previous 4-hour interval
 $0.2600 – Pivot Point 1-day Support 3, Pivot Point 1-week Support 1  
$0.2430 – the lowest level of the previous month, Pivot Point 1-week Support 2

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Resistance levels

$0.2770 – SMA100 (Simple Moving Average) on 1-hour, and daily charts SMA50 daily, 61.8% Fibo retracement daily, the middle line of 4-hour Bollinger Band
$0.2820  – 23.6% Fibo retracement weekly, 161.8% Fibo projection daily
$0.2900 – 38.2% Fibo retracement monthly and weekly

Support levels

$0.2700 – 23.6% Fibo retracement daily,  38.2% Fibo retracement daily, 61.8$ Fibo retracement monthly, the lower line of the daily Bollinger Band, the lowest level of the previous 4-hour interval
 $0.2600 – Pivot Point 1-day Support 3, Pivot Point 1-week Support 1  
$0.2430 – the lowest level of the previous month, Pivot Point 1-week Support 2

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

source:fxstreet

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Ripple (XRP) Price Following Downtrend, Risk of Breakdown Persists

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  • Ripple price is trading in a downtrend below the $0.2750 resistance against the US dollar.
  • The price is facing a lot of hurdles on the upside near the $0.2740 and $0.2750 levels.
  • This week’s crucial bearish trend line is intact with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • Besides, Ethereum is still holding the key $182 and $180 support levels.

Ripple price is struggling to recover and trading in a bearish zone against the US Dollar and bitcoin. XRP price remains at a risk of more losses below $0.2660.

Ripple Price Analysis

In the past few days, ripple followed a bearish path below the $0.2900 resistance area against the US Dollar. Moreover, XRP/USD settled below the key $0.2800 area and the 100 hourly simple moving average.

It opened the doors for more downsides below the $0.2750 support area. Recently, the price traded below the last swing low near $0.2680 and declined below $0.2670. A new monthly low was formed near $0.2668 and the price is currently correcting higher.

It broke the $0.2700 and $0.2710 resistance levels. Additionally, ripple climbed above the 50% Fib retracement level of the recent drop from the $0.2758 high to $0.2668 low.

However, the price seems to be facing a lot of hurdles on the upside near the $0.2740 and $0.2750 levels. More importantly, this week’s crucial bearish trend line is intact with resistance near $0.2800 on the hourly chart of the XRP/USD pair.

Furthermore, the 61.8% Fib retracement level of the recent drop from the $0.2758 high to $0.2668 low is also acting as a resistance. Therefore, a clear break above the $0.2740 and $0.2750 resistance levels is needed for more gains in the near term.

Once there is a clear break above $0.2750 and the 100 hourly SMA, the price could recover towards the $0.2820 and $0.2850 resistance levels. On the downside, an initial support is near the $0.2660 level. If the bulls fail to defend the $0.2660 and $0.2650 support levels, the next stop for the bears may perhaps be $0.2620.

Ripple Price

Ripple Price

Looking at the chart, ripple price is clearly struggling below $0.2800 and $0.2750. A downtrend is in place and it seems like there are chances of more losses below the $0.2650 support level. In the mentioned case, the main support where the bulls may take a stand could be $0.2580.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is showing no signs of a decent recovery in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.

Major Support Levels – $0.2660, $0.2650 and $0.2620.

Major Resistance Levels – $0.2740, $0.2750 and $0.2820. Source:newsbtc

  
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