Latest news with #marketSentiment
Free Malaysia Today
21 hours ago
- Business
- Free Malaysia Today
Ringgit opens higher amid Iran-Israel conflict
KUALA LUMPUR : The ringgit opened higher against the US dollar on Friday as investors remained cautious amid the escalating conflict in the Middle East, according to an analyst. At 8am, the local note rose to 4.2490/2700 against the greenback from yesterday's close of 4.2590/2625. Bank Muamalat Malaysia chief economist Afzanizam Abdul Rashid said market sentiment would likely be cautious as traders and investors were keeping tabs on the Israel-Iran conflict, while the US considers its response to the currency pressures.
Yahoo
2 days ago
- Business
- Yahoo
SHIB Long-Short Ratio Slides as Over $1.8M in Bullish Bets Liquidated
A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets. The indicator in consideration is the long-short ratio derived from the perpetual futures market. It measures the number of active longs or bullish bets relative to shorts, providing cues on market sentiment. The ratio has dropped to 0.9298, indicating bearish sentiment among traders, according to CoinDesk's AI insights. This follows the forced closure or liquidation of long positions worth over $1.8 million since June 12, according to data source Coinglass. Exchanges liquidate positions due to margin shortages. The dollar value of the shorts squeezed out during this period is less than $500,000. Over the past 24 hours, the derivatives market has exhibited growing caution, with open interest decreasing by 2.14% to $145.33 million and long liquidations surging to $244,000, compared to just $57,000 in short liquidations. SHIB's price has dropped by 10% to $0.00001164 since June 12, according to data source CoinDesk. The minor recovery from Tuesday's two-month low of $0.00001134 is providing bullish hints on short-duration price charts. SHIB continues to hold support above the critical $0.00001100 level, indicating a potential trend reversal. Technical analysis reveals a minor bullish divergence in the daily RSI, with MACD and signal lines approaching a bullish crossover that could propel SHIB toward the 23.60% Fibonacci level at $0.00001390. Above-average volume confirmed buyer interest with the closing price of $0.00001170, suggesting stabilization above critical support. Hourly RSI indicates oversold conditions, potentially setting up for a technical bounce if the $0.00001168 support level holds.
Geek Girl Authority
3 days ago
- Business
- Geek Girl Authority
Make Smarter Trading Decisions With the Crypto Fear and Fear Index
If you've done your research about the crypto market, you likely know that prices can swing wildly. This volatility leads to emotional decisions: when traders get scared, they sell their assets quickly, which pushes prices down. When they get greedy, they buy assets aggressively, which fuels bubbles. This is a natural cycle in the crypto landscape, but if you're only getting started with trading, it can be challenging to spot these emotional waves. There's, however, a valuable tool you can use: the fear and greed index . This index measures the crypto market sentiment and sums it up in a number, from 0 (meaning extreme fear) to 100 (meaning extreme greed), and its purpose is to help traders understand if the market is getting carried away or is behaving cautiously. In this blog, we will explore the crypto fear and greed index in detail, so if you want to learn more about how you can use it to avoid emotional trading, keep reading. Image source: Understanding the basics of the crypto fear and greed index The crypto fear and greed index is a tool that allows investors to gauge market sentiment. Highs and lows in an asset's value represent the effects of an increase in greed or fear in the market; an increase in greed signifies higher demand, further increasing the price of an asset, while an increase in fear means a decrease in value and demand. The crypto fear and greed index is easy to use. If the scale tips to 80 or beyond this range, it shows a positive attitude towards crypto and means investors are making lots of greedy purchases, making it the ideal time to sell. Fear increases as the number decreases and approaches zero. During moments of extreme fear, buying crypto is seen as ideal due to the low prices and low demand. To calculate the crypto fear and greed index, there are several factors to take into account, as follows: Volatility (25%). It measures the price changes of digital assets over time, taken as averages beyond 30-90 days, which are used to provide users with a detailed look at the actual market volatility, and its maximum drawdowns and behavior regarding the average values. If the volatility increases, this suggests there's increased fear in the crypto market. Market volume (25%). Just like in the previous situation, the 30 and 90-day averages will be used here to gauge the market momentum, which is combined with market volume to figure out how greedy or bullish the market could be at some point. An increase in value would show an increase in bullish market volatility. Social media (15%). This section uses the posts on X and is supported by data from Reddi and similar forum sites, measuring the number of hashtags and posts surrounding cryptocurrencies. Post-engagement is also taken into account, as it demonstrates how quickly the community disseminates the information. Enhanced engagement and posting would show an increase in market greed. Surveys (15%). Weekly polls are very helpful when it comes to observing and understanding the market. Analysts can use them to get first-hand experience of traders and combine it with their insights, which can give a clearer picture of the community's view of the market. Dominance (10%) . The market cap measures a coin's dominance against that of other coins. For instance, in the case of Bitcoin, an increase in its dominance may indicate a fearful market because less money circulates in altcoins. On the other hand, a decrease in dominance may indicate a greedy market, with people willing to risk more in altcoins. Trends (10%). Unsurprisingly, trends also play a role here. Google Trends can be very helpful in showing the search volume of queries involving digital assets. It's, however, necessary to be specific with your search through queries like 'Ethereum price predictions' or 'Bitcoin price increase'. How can you use the crypto fear and greed index for your trades? The crypto fear and greed index is a tool that can shape your trading strategy and is particularly helpful if you're new to this market. Here are some ways you can use this tool: Manage your emotions better . Crypto trading can be an emotional rollercoaster, especially when prices fluctuate rapidly. Using the fear and greed index helps you take a step back and ask yourself whether you are following the crowd or reacting to the market impulsively. Think of it as your reality check when you may feel tempted to panic-sell during times of extreme fear or buy during extreme greed. Follow the contrarian rule. This is one of the most common ways to use the index. When the score is below 25 – in the Extreme Fear-, it shows that the market is close to a possible rebound. In other words, this may be the best time to research buying opportunities. However, if the index has a score above 75, showing Extreme Greed, it may mean that the market is overbought, and a correction may follow, making it a good time to tighten your risk management and take profits. Time your entries and exits. No tool offers 100% accurate predictions of market tops and bottoms, but the index can be very useful when it comes to gaining insight into investors' sentiment. That information is valuable because it will help you avoid selling too soon or chasing hype, and if you check it daily, you could become more disciplined and avoid emotional decisions. Combine it with other indicators. The index can be an even more reliable tool if you use it in combination with other indicators. For instance, suppose your technical analysis indicates a potential breakout, but the index shows 'Extreme Greed'. In this case, you may decide to use a tighter stop-loss or simply wait. Or, in case the index shows 'Extreme Fear', you may feel motivated to enter. The bottom line The crypto fear and greed index is a simple tool accessible to every trader, whether new to the market or savvy, allowing you to understand whether the market is gripped by panic or driven by excitement. But of course, no single indicator is enough to guide your entire trading strategy, and the best approach is to combine it with other tools, like market news, technical analysis, and on-chain data. Ultimately, in a market that's often ruled by emotions, the fear and greed index can help you remain calm and informed. 11 New Young Adult LGBTQ+ Books You Should Read for Pride Month RELATED: New Release Radar: New Books Coming Out on June 3
Yahoo
3 days ago
- Business
- Yahoo
ASX Opportunities: Bubs Australia And 2 Other Promising Penny Stocks
As Australian shares face a potential dip, with ASX 200 futures down 0.29%, global tensions and economic uncertainties are influencing market sentiment. Despite these challenges, the allure of penny stocks remains strong for investors seeking growth opportunities at lower price points. Often representing smaller or newer companies, these stocks can offer hidden value when backed by solid financials, making them an intriguing option for those looking to uncover potential in the market's less explored corners. Name Share Price Market Cap Financial Health Rating EZZ Life Science Holdings (ASX:EZZ) A$2.24 A$105.67M ★★★★★★ GTN (ASX:GTN) A$0.61 A$116.42M ★★★★★★ IVE Group (ASX:IGL) A$2.76 A$425.54M ★★★★★☆ West African Resources (ASX:WAF) A$2.32 A$2.64B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.735 A$458.75M ★★★★★★ Tasmea (ASX:TEA) A$3.19 A$751.63M ★★★★★☆ Regal Partners (ASX:RPL) A$2.10 A$705.94M ★★★★★★ Lindsay Australia (ASX:LAU) A$0.715 A$226.78M ★★★★☆☆ Bisalloy Steel Group (ASX:BIS) A$3.35 A$158.96M ★★★★★★ CTI Logistics (ASX:CLX) A$1.76 A$141.76M ★★★★☆☆ Click here to see the full list of 1,007 stocks from our ASX Penny Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Bubs Australia Limited operates in the manufacture and sale of infant nutrition and wellbeing products across Australia, China, the United States, and other international markets, with a market cap of A$138.44 million. Operations: The company's revenue segment is primarily derived from its Food Processing operations, totaling A$88.82 million. Market Cap: A$138.44M Bubs Australia, with a market cap of A$138.44 million, derives significant revenue from its Food Processing operations totaling A$88.82 million. While the company is currently unprofitable and has seen increasing losses over the past five years, it maintains more cash than total debt and has sufficient cash runway for over a year based on current free cash flow. Bubs' short-term assets exceed both its short-term and long-term liabilities, providing some financial stability despite challenges in profitability. The stock trades significantly below estimated fair value, with earnings forecasted to grow substantially in the future. Dive into the specifics of Bubs Australia here with our thorough balance sheet health report. Explore Bubs Australia's analyst forecasts in our growth report. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Element 25 Limited is an Australian company focused on the exploration of mineral properties, with a market cap of A$56.01 million. Operations: The company generates revenue from its exploration activities, amounting to A$8.73 million. Market Cap: A$56.01M Element 25 Limited, with a market cap of A$56.01 million, is focused on mineral exploration and is currently pre-revenue. The company has announced a non-binding MoU with Nissan Chemical Corporation to explore developing a High Purity Manganese Sulphate Monohydrate facility in Japan, leveraging synergies at the Tokyo Bay site. Despite being debt-free and having short-term assets exceeding liabilities, Element 25 faces challenges with less than one year of cash runway and increasing losses over five years. Its board is experienced but the management tenure data is insufficient to assess experience levels fully. Click here to discover the nuances of Element 25 with our detailed analytical financial health report. Examine Element 25's past performance report to understand how it has performed in prior years. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Pantoro Gold Limited, with a market cap of A$1.42 billion, is involved in gold mining, processing, and exploration activities in Western Australia. Operations: The company's revenue is primarily derived from the Norseman Gold Project, which generated A$289.11 million. Market Cap: A$1.42B Pantoro Gold Limited, with a market cap of A$1.42 billion, is involved in gold mining and exploration activities primarily through the Norseman Gold Project, generating revenue of A$289.11 million. Despite being unprofitable and having increased losses over the past five years, Pantoro's short-term assets exceed both its short-term and long-term liabilities. The company has more cash than debt and maintains a stable weekly volatility at 10%. Recent drilling results from the OK Underground Mine indicate strong continuity in mineralization, supporting potential future Ore Reserve upgrades as part of its growth program initiated in late 2024. Get an in-depth perspective on Pantoro Gold's performance by reading our balance sheet health report here. Assess Pantoro Gold's future earnings estimates with our detailed growth reports. Discover the full array of 1,007 ASX Penny Stocks right here. Ready To Venture Into Other Investment Styles? Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:BUB ASX:E25 and ASX:PNR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Automotive
- Yahoo
Carvana (NYSE:CVNA) Reports Remarkable First-Quarter Earnings Growth
Carvana has been making significant advancements in its business operations, including the recent launch of same-day vehicle delivery in Denver and the establishment of an Inspection and Reconditioning Center in Nashville. These strategic expansions, aimed at enhancing customer convenience and operational capacity, coincide with a substantial quarterly share price increase of 64%. During the same period, Carvana reported remarkable first-quarter earnings growth, which further aligns with the positive market sentiment despite the market remaining largely flat in recent days. These developments underscore the company's commitment to improving service delivery and its adaptability to market demands. Carvana has 4 risks (and 1 which is significant) we think you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The introduction of same-day vehicle delivery in Denver and the new Inspection and Reconditioning Center in Nashville could have a significant influence on Carvana's operational efficiency and customer satisfaction. These advancements, coinciding with a significant share price jump, align with the company's aim to enhance service delivery. Over the last three years, Carvana's total return, including share price and dividends, increased by a notably large percentage, showcasing the company's substantial growth, even as the annual industry return was lower. In the past year, Carvana outperformed both the US Specialty Retail industry and the broader market, with returns surpassing industry averages. This differentiation highlights Carvana's capacity to generate notable shareholder value amidst broader market conditions. The news mentioned may further bolster revenue and earnings forecasts as expansion and technology adoption are expected to foster sales growth and improved margins. With the share price closely aligning with the analyst consensus price target of $259.81, the market shows confidence in Carvana's capacity to meet these targets, considering both their ambitious growth strategies and potential risks. However, balancing debt levels and operational scaling remains crucial as the company navigates its path forward. Understand Carvana's earnings outlook by examining our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CVNA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
