Weekly Watchlist 01.18.2021

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Stop loss: 8.90

Price target: 12.00

Second PT: 12.50

Analysis done on 30 minute candles. The stars are aligning for the drone industry as more and more countries are beginning to allow beta drone testing and deliveries. AgEagle Aerial Systems INC (UAVS) in specific focuses on the distribution and support of unmanned drones in the agricultural industry, and they were just recently selected by Iowa’s Department of Agriculture to oversee hemp cultivation in the state for the next three years. The demand for drones is at the start of what could be a very sharp incline and companies like UAVS are positioning themselves for the expected demand. Although competition is strong and most drone companies are still young, the industry as a whole is moving into higher demand so companies like UAVS may be rewarding through 2021 and further down the line. In terms of their chart, UAVS has seen a sharp incline over the last few weeks and volume is rising along with it. Although most competitors in their sector declined, UAVS still ended their week strong, suggesting that buyers were still holding positions from the weeks gain.


Stop loss: 36.30

Price target: 43.00

Second PT: 44.50

Analysis done on daily candles. Avis Budget Group is a company that didn’t react as strongly to the Covid vaccine as other stocks with in the leisure/business rental realm, and that’s likely because their business has been steady through the last year. The company reported a strong earnings last quarter and raised guidance for the next. Another thing to consider is that Hertz filed bankruptcy and began shutting doors in 2020, and although Hertz bankruptcy is still fairly fresh, Avis Budget Group will still see a share of Hertz customer in the long term trend. Stocks of companies that can benefit from the long trends will have a slower reaction, but will still see an incline. The company has made a slow comeback since their February lows, but are now attempting a breakout over a significant resistance in which can strongly fuel that recovery if broken above. The stock has attempted to break the 40.00 resistance four times since the start of 2021 and hasn’t succeeded yet, but on every attempt, the stock maintained a strong position just below that price point and had consistent volume, which earns it our focus.


Stop loss: 87.75 (Medium risk)

Price target: 93.00

Second PT: 95.00

Analysis done on two hour candles. The pandemic undoubtedly fueled the amount of users playing video games as an escape from the quarantine 2020, bringing sales of video games up by 20% to $175 billion (Newzoo research). With that number being the highest its even been, companies like Activision Blizzard is in the main focus for analysts going into 2021. Activision Blizzard is primarily known for their franchise game Call of Duty, which is ranked the best-selling gaming franchise for the last 12 years. ATVI is well position for the expected growth in the video game industry and have rebased many games that have reported strong sales over the last quarter. Looking at their chart, the stock has been consolidating between the 87.50 - 93.00 range for over a month and are looking healthy for position trade over the next two week prior to their earnings. The upcoming earnings in early February have big expectations therefore the stock may begin to see buyers flow in for an earnings run up.


Stop loss: 21.40

Price target: 25.60

Second PT: 29.00

Analysis done on daily candles. The electric vehicle market is gaining a ton of traction, but there’s another sector within the automotive industry that must not be ignored in our innovative future. Autonomous driving is a feature that is expected to be vastly included in the production of vehicles and companies are beginning to see money flow into their stock. Veoneer is a Swedish company that focuses on the design of safety electronics for vehicles and production of advanced driver assistance systems, which is what enables autonomous driving in vehicles. To start off the year, the company announced that they have returned o organic sales growth and are expecting higher estimates for 2021. The stock is a fairly slow mover because it is not a USA based company, but that doesn’t mean it doesn’t have potential. Stocks like this can be very rewarding if they continue a positive sales trend, especially in a growing market.


Stop loss: 21.20

Price target: 26.00-27.00

Analysis done on two hour candles. 3D printing companies are finally starting to catch the attention their deserve as displayed by the outstanding performance of DDD over the last few months. The shift towards 3D printing in different industries has already began therefore companies are taking off one after another in anticipation that they will be long term winners from investors. Desktop Metals (DM) saw a large upside move in December of 2020 and has been consolidating since, but last week brought it back towards the highs of December, putting it closer to another all time high breakout. The company itself recently came to the public market through a SPAC merger and just announced the acquisition of EnvisionTEC, another 3D printing company. We can see that Desktop Metals already debuted strongly and at a perfect time in which their sector is catching traction.


 Our full watchlist is exclusive for our premium members. Click the link below to join our community. 


The stocks posted are the preliminary stocks and set ups we’ll be watching this week. All price points are subject to change based on market performance and sector health. Please do your own research and analysis on these companies/charts before taking on any set ups. Trade at your own risk and as always, good luck! Let’s have a fantastic week.
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