To me TROW is undervalued as I'm looking at the charts.
Price has a good support level around $90 as we can see in December 2018 and again March 2020, once price hit those levels we saw a quick bullish run afterwards. So fastforward to October 2023 and we see that support level being tested again.
The chart posted is and has been a chart to which I have felt the real underlying market moves are true!! We are now fast approaching the final move up in wave E to end the B wave that started in SUPER CYCLE decline from My forecast 12/8 2021 the BULL MARKET ENDED from 1974 and maybe 1932 . So what next well the golden ratio spirals and cycles oct 10th to...
Stock Price has decreased 48.6% to date from all time high. Price level has retraced near consolidation where most transacted price level took place over last 5 years period near $ 109 level.
TROW has strong fundamental with high net margin/ cash flow margin & high ROE/ROIC .
Good dividend yield at this price level , worthwhile to build position to reap the...
THE CHART below is that of the TROW it has been key to the BIG picture for me and my view over the last 18 months longterm positioning is nearing a good rate of return and pays a great dividend
Looks like fancy titles like Dividend Aristocrats, Kings, Zombies, etc. don't mean much when everything is nosediving off a cliff. Looking for the end of a 5 wave impulse and a buy entry at ~$83 where 200M MA, 2020 bottom, High Volume Node, .618 and .786 fib are located.
The PEAD projected a Bullish outlook for $TROW after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 25%.
Price is above top trendline of the channel.
A lot depends on Mr. Market and how long this rally continues.
No recommendation.
Short interest is over 7% which is bit higher than I expected.
EPS (FWD)
8.44
PE (FWD)
15.39
Div Rate (FWD)
$4.80
Yield (FWD)
3.66%
Short Interest
7.51%
Market Cap
$28.14B
T. Rowe Price Group, Inc. is a publicly owned investment...
T. Rowe Price Group, Inc. is a publicly held investment manager. The firm serves individuals, institutional investors, retirement plans, financial intermediaries and institutions. It launches and manages equity and fixed income mutual funds.
Revenue TTM 7.7B
Net Income TTM 2.9B
EBITDA TTM 3.9B
Net Margin TTM 37.6%
Margin EBITDA TTM 51%
Total Debt/EBITDA TTM 0.08x
Five waves down. the low was wave 5 or B I think after something that has been working for over 40 plus years you would trust it . have a good weekend mmmmm took profits last week in vix and now 50 in all the indexes .
Weekly chart for TROW showing price within an ascending parallel channel
Price is currently emerging from an expanding wedge formation
Once finished it will likely just continue through the channel on this timeframe, as indicated by the arrow
Just an observation: T. Rowe (TROW) appears to have found support on the yearly base line (red line) of the Ichimoku Cloud. Which has proven to be a bottom in past years (2020). I believe that price will try to recover to at least the conversion line (blue line) $140s by the close of the year (if not much sooner). This will also bring the price back above the...
The PEAD projected a Neutral outlook for $TROW after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%.
T. Rowe Price is currently at a very attractive price, historically speaking, after its recent selloff. From its recent high, the stock is down 43%, but the financials are not worrying at all. The dividend yield is approaching 4%, the company's debt levels and margins are within normal bounds. PE ratio is now at around 9.82.
Aside from the financials, it can be...
I view this as a very strong move to the upside in the near term back to a .382 in an abc rally this should be rather bullish for ALL THE INDEXES .I wanted to post this at 7 am but had to be a doctor for 8 am today
