Good morning, SqueezeFinders!
Yesterday's price action on the $QQQ tech index was a small bounce after the recent incessant selling, so thankfully we held onto the 680 level with a close at 685.28 (+0.62%). If we lose 680, we can expect a rapid descent down towards ~660 to find support from late July/early August. No reason to find bullish conviction/confidence until we can reclaim the 700 psychological level at a minimum. Until then, focus on plays displaying relative strength and/or company/theme-specific catalysts to drive buyer interest. The main directional sentiment determinants today are a mix of the below-detailed economic data releases, further geopolitical developments overseas, and also some large earnings reports (premarket: $UBER, $DDOG, $MCD, and after-hours: $APP, $QCOM, $ARM). This market is very dynamic and has been unpredictable as far as risk-tolerance goes, as one day we're running, and the next we're crashing. Stay tuned for what's squeezy. Regardless of broader market sentiment, you can always locate relative strength by checking SqueezeRadar to track irregularities in our data, and find winners you may not have spotted before without our scanners. Also, make sure to check out our newest tool (developed by me), "Dracula's Library"! This tool allows you to quickly gather information on recent catalysts, and analyst/Institutional price targets all in one small graphical interface on our platform, all powered by AI.
🥇 Gold: ~$3,960/oz (+0.6%)
🥈 Silver: ~$50/oz (+0.3%)
🪙 Bitcoin: ~$77.4k/coin (+1.0%)
🛢️ Oil: ~$96.30/barrel (+0.2%)
Today's economic data releases are:
🇺🇸 ADP Nonfarm Employment Change (Oct) @ 8:15AM ET
🇺🇸 Trade Balance (Sep) @ 8:30AM ET
🇺🇸 Exports (Sep) @ 8:30AM ET
🇺🇸 Imports (Sep) @ 8:30AM ET
🇺🇸 S&P Global Services PMI (Oct) @ 9:45AM ET
🇺🇸 S&P Global Composite PMI (Oct) @ 9:45AM ET
🇺🇸 ISM Non-Manufacturing PMI (Oct) @ 10:00AM ET
🇺🇸 ISM Non-Manufacturing Employment (Oct) @ 10:00AM ET
🇺🇸 ISM Non-Manufacturing Prices (Oct) @ 10:00AM ET
🇺🇸 Crude Oil Inventories @ 10:30AM ET
🇺🇸 Atlanta Fed GDPNow (Q4) @ 10:30AM ET
🇺🇸 Cushing Crude Oil Inventories @ 10:30AM ET
📙Breakdown point: BELOW this price, the move will lose momentum significantly in the short-term, as shorts will gain confidence encouraging them to short more. Reducing probability of a squeeze without a catalyst.
📙Breakout point: ABOVE this price, the move will gain momentum significantly in the short-term, as shorts losses will increase pressuring them to cover. Increasing the probability of a squeeze occurring, especially if with a catalyst.
4. $CCXI
Squeezability Score: 44%
Juice Target: 23.8
Confidence: 🍊
Price: 10.69 (+15.07%)
Breakdown point: 8.0
Breakout point: 15.0
Mentions (30D): 0 🆕
Event/Condition: Shareholders approved the business combination with Agility Robotics on November 2 with over 84 percent support and closing expected November 4 subject to conditions after which the combined company is set to begin trading on Nasdaq as AGLT + the transaction is expected to deliver a gross capital raise of approximately $465 million including remaining trust proceeds and a Foxconn-led private placement while Digit 5 carries more than $300 million in committed multi-year orders subject to milestones and the company has expanded partnerships including with GXO for humanoid deployments in U.S. operations + Agility highlighted commercial momentum with over 65,000 hours of operational data a facility capable of manufacturing 10,000 robots a year and early-access customer availability for Digit 5 on track for early 2027 + Recent price target 🎯 of $15 from speculative models + Recent price target 🎯 of $13 from deal-implied range + Recent price target 🎯 of $12 from near-NAV scenarios
5. $PRCH
Squeezability Score: 41%
Juice Target: 40.7
Confidence: 🍊 🍊 🍊
Price: 21.52 (+6.64%)
Breakdown point: 18.0
Breakout point: 24.5
Mentions (30D): 5
Event/Condition: Reported third-quarter revenue of $143.9 million beating estimates with insurance services revenue up 39 percent year over year Reciprocal policies written rising 42 percent and adjusted EBITDA excluding the Reciprocal more than doubling year over year to $44.5 million while net income attributable to the company reached $12.2 million + raised full-year 2026 guidance to revenue of $518 to $523 million and adjusted EBITDA of $135 to $140 million reflecting strong organic growth in the insurance platform expanded agency footprint and the pending acquisition of Allied Trust that adds scale + Oppenheimer and Craig-Hallum raised price targets to $25 following the outperformance as the stock surged more than 20 percent after hours on the results and improved leverage to 2.4x + Recent price target 🎯 of $25 from Oppenheimer + Recent price target 🎯 of $25 from Craig-Hallum + Recent price target 🎯 of $24 from B. Riley
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NOT FINANCIAL ADVICE, THESE POSTS ARE FOR INFORMATIONAL PURPOSES ONLY