Right Now, These Five Stocks Are The Top Investments

Even a novice stock buyer can pick the right stock without a tested strategy because the act of buying a stock is so simple. Do you have any stocks you should buy or add to your watchlist right now? Apple, Raytheon Technologies, Tesla, Shell and LPL Financial (LPLA) have all made their intentions known. See stockcamel.com for more details.

Thus far in 2022, there have been challenges in the market due to inflation fears growing, the Federal Reserve moving toward hawkish interest rate policies, and tapering bond buying. In addition, the Russian invasion of Ukraine remains a significant issue on the market. This puts new strain on the recent rally.

Invest in or Watch These Stocks

As a result of our analysis, we now understand more about Apple, Tesla, Raytheon, Shell, and LPL Financial stock. It is important for investors to take note of the stocks’ impressive relative strengths.

Apple Stock

Stocks of Apple are currently trading below their double-bottom entry patterns. It is estimated that 176.75 would be an ideal buying point in MarketSmith’s analysis.
The price also formed a new handle of 179.71, which offers an additional buy point. This might be the best entry point today.

The stock is looking for support below its 50-day moving average following a bounce off Apple’s 200-day moving average. According to the relative strength measure, a new high was made. Analysts expect AAPL to continue rising.

The performance of Apple stock during the recent market correction stands out as a strong argument for buying the stock.

Tesla Stock

The MarketSmith analysis for Tesla stock shows that the price has formed a cup and handle with a 1,152.97 buying point. Investors may prefer a deeper, longer handle during an environment where weak holders could be shaken out, as well as when key moving averages are catching up.

The relative strength line for Tesla has slowed down somewhat after surging at the beginning of last week.

Due to its stellar stock market performance and improving earnings, TSLA earned an impressive IBD Composite Rating of 95. On April 20, TSLA is scheduled to announce its earnings.

The Raytheon stock

It is almost possible for the stock to break out of its flat base at 104.44. Additionally, if it breaks out of its 10-week range, the stock could be actionable.

The market conditions currently suggest investors interested in buying RTX stock early would be better served to wait until it clears its March 25 high of 125.97. This week, the stock reached resistance just a bit short of that critical level.

An encouraging development was made when the relative strength line reached a new high on the weekly chart. Despite global security issues and an upward trend, we shouldn’t be too surprised by the current situation.

Shell Stock

Over the past week, it has recovered from its 21-day line to sit just above the 56.23 buy point. Due to strong support at the 50-day line, the stock has developed a bullish base-on-base pattern. The stock of SHEL flirted with a breakout earlier in the week before retreating.

Stock prices have jumped above the 10-week line lately. In recent weeks, the RS line has been choppy, but the overall trend has been upward since January.

Among stock market indexes, Shell performs well. Stocks of this company have appreciated nearly 40% over the last 12 months, ranking in the top 6%.

Stock of LPL Financial

191.08 is the first-stage base that the company has built. Having this first-stage base gives the company a better chance of being successful. Now that the play has been extended, it is worth watching.

As the relative strength line surpassed its buy point, it shot to new highs, supporting the breakout. Additionally, the relative strength line has passed the 21-day exponential moving average.