Today(05 Jun) Stock Pick From A.I. model - DAWN and OXY
Today (05 June 2023) the premarket futures is higher, as investors are looking forward for a rate hike skip in June FOMC meeting and market are relieved that U.S. default have been averted and resolved.
I believe market is looking for a rally.
Dow, S&P500, NASDAQ and Russell are all in the green.
I would expect market to open higher today.
Here is the today’s stock pick by A.I.
We have $Day One Biopharmaceuticals Inc.(DAWN)$ as company saw positive data from a registrational Phase 2 trial evaluating the investigational agent tovorafenib.
I would look at target Entry Price to be around $16.50-$17, if it goes below $16.50 I will check Bear strength , if go above $18.90 and maintain, DAWN could be headed above $20.
We also have $Occidental(OXY)$ as shares of U.S. energy companies climb in premarket as oil price rose $1 a barrel after top global exporter Saudi Arabia pledged to cut production.
I would look at target Entry Price to be around $60.30-$60.50, if it goes below $60.30 I will check Bear strength , if go above $61 and maintain, OXY could be headed above $62.
Day One Biopharmaceuticals (DAWN) Technical Analysis
I would look at DAWN for short term trade.
Day One Biopharmaceutical’s (DAWN) 10-Day exponential moving average is 13.07, while Day One Biopharmaceuticals’s (DAWN) share price is $13.6, making it a Buy.
Day One Biopharmaceuticals’s (DAWN) 100-Day exponential moving average is 15.66, while Day One Biopharmaceuticals’s (DAWN) share price is $13.6, making it a Sell.
Day One Biopharmaceuticals’s (DAWN) stock price is $13.6 and Day One Biopharmaceuticals’s (DAWN) 50-day simple moving average is 13.17, creating a Buy signal.
Day One Biopharmaceuticals’s (DAWN) stock price is $13.6 and Day One Biopharmaceuticals’s (DAWN) 100-day simple moving average is 16.67, creating a Sell signal.
Day One Biopharmaceuticals’s (DAWN) stock price is $13.6 and Day One Biopharmaceuticals’s (DAWN) 200-day simple moving average is 18.92, creating a Sell signal.
Occidental Petroleum Corporation (OXY) Technical Analysis
I would look at OXY for short term trade.
Occidental Petroleum’s (OXY) 10-Day exponential moving average is 58.79, while Occidental Petroleum’s (OXY) share price is $59.69, making it a Buy.
Occidental Petroleum’s (OXY) 100-Day exponential moving average is 61.25, while Occidental Petroleum’s (OXY) share price is $59.69, making it a Sell.
Occidental Petroleum’s (OXY) stock price is $59.69 and Occidental Petroleum’s (OXY) 50-day simple moving average is 60.75, creating a Sell signal.
Occidental Petroleum’s (OXY) stock price is $59.69 and Occidental Petroleum’s (OXY) 100-day simple moving average is 61.44, creating a Sell signal.
Occidental Petroleum’s (OXY) stock price is $59.69 and Occidental Petroleum’s (OXY) 200-day simple moving average is 64.20, creating a Sell signal.
Summary
Do take cautious in trading stocks that has risen on news, this might be a short term surge.
I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).
Appreciate if you could share your thoughts in the comment section how would you be trading today?
Do like, share and comment on this article if you find this trading thought useful.
@TigerStars @Daily_Discussion appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.
Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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Noticed a bunch of the call buying pumpers have been gone for weeks now, the ones who would get mad at my posts and call me short, either margin called or they ran out of money, a certain DAC pumper has been AWOL now for a while and was never a true investor in OXY like i said.
maybe we can have OXY drop to $53.50? I've had this price target set for a couple weeks now
don't buy oil, there is plenty of Russian oil a lot cheaper, and there is nothing to do with the fed. This is a worthless buffet is overrated
We have long way to go with DAWN. Do not sell for small profit. Goldman has $62 price target.
looks like a market rotation underway. investors getting out of tech at highs and allocating to energy. we'll see how long this lasts.
Should I Buy or Sell DAWN? The 10-Day exponential moving average suggests a Buy, while the 100-Day suggests a Sell.
Investing in OXY is like driving 500 miles and ending up in the same place where you started.
A bullish economy is what will send the commodity stocks back up.
Nice little bump before market. OXY always does great.
WB will likely make 90$ a share offer keep all the profits