Ethereum (ETH) Daily Price Forecast – October 9

Yesterday, October 8, the price of Ethereum was in a bullish trend. The digital currency had a marginal price movement. The bears erased the …
ethereum-eth-ether-price-prediction

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $260, $280, $300

Support Levels: $200, $180, $160

Yesterday, October 8, the price of Ethereum was in a bullish trend. The digital currency had a marginal price movement. The bears erased the marginal price increase. The purported bullish movement was resisted and price fell to its previous level at $229. Later it commenced a range bound movement.

If the bears continued its bearish movement, the digital currency will fall to the critical price level at $200. Meanwhile, the MACD indicator indicates that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The ETH price is ranging above the $220 price level after its fall from the high of $231. The Relative Strength Index period 14 is level 59 which indicates that price is in the sideways trend zone.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Ethereum Price Analysis: ETH/USD Bullish Above $224

Ethereum price slowly climbed higher against the US Dollar and bitcoin. ETH/USD could correct lower, but the $224 support is likely to hold losses.

Key Highlights

  • ETH price traded higher and spiked above the $230 resistance against the US Dollar.
  • There is a key ascending channel in place with support at $226 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair remains well supported above the $224 and $226 levels in the near term.

Ethereum price slowly climbed higher against the US Dollar and bitcoin. ETH/USD could correct lower, but the $224 support is likely to hold losses.

Ethereum Price Analysis

There was an upside move above the $226 level in ETH price against the US Dollar. The ETH/USD pair spiked above the $230 resistance and formed an intraday high at $230.74. Later, it started a downside correction and declined below $228. There was a break below the 23.6% Fib retracement level of the recent wave from the $222 low to $230 high. However, there are many supports near the $224 and $226 levels.

At the moment, the price is testing the previous resistance (now support) near $225-226. There is also a key ascending channel in place with support at $226 on the hourly chart of ETH/USD. Below the channel support, the 100 hourly simple moving average is positioned near the $224 level. More importantly, the 61.8% Fib retracement level of the recent wave from the $222 low to $230 high is near $225. Therefore, if the price corrects lower, it is likely to find a strong support near $224-226. Below $224, the price could continue to move down towards the $222 low in the near term.

Ethereum Price Analysis ETH Chart

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is showing positive signs above the $224 support. However, buyers need to clear the $230 resistance area to push the price further higher. The next key resistances on the upside are seen near the $238 and $244 levels.

Hourly MACDThe MACD is slowly moving back in the bearish zone.

Hourly RSIThe RSI is currently placed just above the 50 level.

Major Support Level – $224

Major Resistance Level – $230

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Voya Financial Inc (NYSE:VOYA) Shares Sold by OppenheimerFunds Inc.

Acadian Asset Management LLC bought a new stake in shares of Voya Financial in the second quarter valued at about $140,094,000. LSV Asset …

Voya Financial logoOppenheimerFunds Inc. trimmed its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 33.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 498,819 shares of the asset manager’s stock after selling 255,263 shares during the quarter. OppenheimerFunds Inc. owned 0.31% of Voya Financial worth $23,445,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of Voya Financial in the second quarter valued at about $140,094,000. LSV Asset Management raised its holdings in Voya Financial by 3.5% in the second quarter. LSV Asset Management now owns 2,598,100 shares of the asset manager’s stock worth $122,110,000 after purchasing an additional 88,300 shares in the last quarter. Scout Investments Inc. raised its holdings in Voya Financial by 12.3% in the second quarter. Scout Investments Inc. now owns 1,587,114 shares of the asset manager’s stock worth $74,594,000 after purchasing an additional 173,385 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Voya Financial by 23.4% in the first quarter. Point72 Asset Management L.P. now owns 1,460,661 shares of the asset manager’s stock worth $73,763,000 after purchasing an additional 276,765 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Voya Financial by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,362,197 shares of the asset manager’s stock worth $64,027,000 after purchasing an additional 170,185 shares in the last quarter.

Voya Financial stock traded up $0.54 during mid-day trading on Monday, hitting $51.92. The company had a trading volume of 1,073,400 shares, compared to its average volume of 1,892,998. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.59. Voya Financial Inc has a 12-month low of $39.30 and a 12-month high of $55.27. The firm has a market cap of $7.98 billion, a PE ratio of 16.99, a P/E/G ratio of 0.65 and a beta of 1.42.

Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, August 1st. The asset manager reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.04. The business had revenue of $238.00 million during the quarter, compared to the consensus estimate of $302.38 million. Voya Financial had a positive return on equity of 5.07% and a negative net margin of 27.27%. During the same period in the prior year, the company posted $0.89 EPS. On average, equities research analysts forecast that Voya Financial Inc will post 4.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Friday, August 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend was Thursday, August 30th. Voya Financial’s payout ratio is 1.33%.

A number of brokerages have commented on VOYA. ValuEngine downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Goldman Sachs Group restated a “neutral” rating and set a $60.00 price target on shares of Voya Financial in a research note on Wednesday, June 27th. Credit Suisse Group boosted their price target on Voya Financial from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, August 17th. Finally, Barclays dropped their target price on Voya Financial from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, July 9th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Voya Financial presently has an average rating of “Buy” and a consensus target price of $59.46.

Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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Legal & General Group Plc Acquires 23546 Shares of Hawaiian Electric Industries, Inc. (HE)

Acadian Asset Management LLC lifted its holdings in Hawaiian Electric Industries by 53.8% during the 2nd quarter. Acadian Asset Management LLC …

Hawaiian Electric Industries logoLegal & General Group Plc increased its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 278,390 shares of the utilities provider’s stock after acquiring an additional 23,546 shares during the period. Legal & General Group Plc owned about 0.26% of Hawaiian Electric Industries worth $9,549,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Hawaiian Electric Industries by 34.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,227,642 shares of the utilities provider’s stock valued at $42,206,000 after purchasing an additional 316,249 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Hawaiian Electric Industries by 53.8% during the 2nd quarter. Acadian Asset Management LLC now owns 866,108 shares of the utilities provider’s stock valued at $29,707,000 after purchasing an additional 303,136 shares during the last quarter. BlackRock Inc. lifted its holdings in Hawaiian Electric Industries by 2.8% during the 1st quarter. BlackRock Inc. now owns 9,360,275 shares of the utilities provider’s stock valued at $321,806,000 after purchasing an additional 258,820 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Hawaiian Electric Industries by 89.1% during the 1st quarter. Prudential Financial Inc. now owns 513,467 shares of the utilities provider’s stock valued at $17,653,000 after purchasing an additional 242,000 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Hawaiian Electric Industries by 4.7% during the 1st quarter. Wells Fargo & Company MN now owns 3,061,380 shares of the utilities provider’s stock valued at $105,249,000 after purchasing an additional 137,280 shares during the last quarter. Institutional investors and hedge funds own 50.79% of the company’s stock.

HE has been the subject of several analyst reports. Bank of America raised shares of Hawaiian Electric Industries from an “underperform” rating to a “neutral” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Finally, Wells Fargo & Co lifted their price target on shares of Hawaiian Electric Industries from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.00.

Shares of NYSE HE traded up $0.01 during trading on Monday, reaching $36.05. The company had a trading volume of 438,100 shares, compared to its average volume of 448,418. Hawaiian Electric Industries, Inc. has a 52 week low of $31.72 and a 52 week high of $38.72. The company has a market cap of $3.88 billion, a PE ratio of 21.86, a P/E/G ratio of 2.86 and a beta of 0.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.85.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Friday, August 3rd. The utilities provider reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. Hawaiian Electric Industries had a net margin of 6.78% and a return on equity of 9.28%. The company had revenue of $685.28 million during the quarter, compared to the consensus estimate of $637.52 million. As a group, equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Tuesday, August 21st were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Monday, August 20th. Hawaiian Electric Industries’s dividend payout ratio is presently 75.15%.

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc, through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company’s Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, sugarcane waste, municipal waste, and other bio fuels.

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Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

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Insider Buying: BlackRock, Inc. (BLK) Director Acquires 1000 Shares of Stock

BlackRock, Inc. (NYSE:BLK) Director William E. Ford bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 2nd.

BlackRock logoBlackRock, Inc. (NYSE:BLK) Director William E. Ford bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were bought at an average cost of $467.92 per share, for a total transaction of $467,920.00. Following the transaction, the director now owns 5,400 shares in the company, valued at approximately $2,526,768. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BlackRock stock opened at $474.15 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.87 and a quick ratio of 3.87. BlackRock, Inc. has a one year low of $408.62 and a one year high of $594.52. The stock has a market capitalization of $76.71 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.61.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Monday, July 16th. The asset manager reported $6.66 EPS for the quarter, beating analysts’ consensus estimates of $6.55 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BlackRock had a return on equity of 13.20% and a net margin of 38.97%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $5.24 earnings per share. equities analysts predict that BlackRock, Inc. will post 27.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 24th. Shareholders of record on Friday, September 7th will be issued a $3.13 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $2.88. This represents a $12.52 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, September 6th. BlackRock’s dividend payout ratio (DPR) is presently 50.97%.

Several equities analysts have commented on the company. JPMorgan Chase & Co. set a $547.00 price objective on BlackRock and gave the company a “buy” rating in a research report on Sunday, July 8th. Citigroup upgraded BlackRock from a “neutral” rating to a “buy” rating in a report on Monday, June 18th. Morgan Stanley lowered their target price on BlackRock from $624.00 to $607.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Keefe, Bruyette & Woods upgraded BlackRock from a “market perform” rating to an “outperform” rating and set a $590.00 target price for the company in a report on Friday, July 13th. Finally, Barclays lowered their target price on BlackRock from $615.00 to $595.00 and set an “overweight” rating for the company in a report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $594.25.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in BlackRock by 2.1% in the second quarter. BlackRock Inc. now owns 7,601,685 shares of the asset manager’s stock valued at $3,793,546,000 after purchasing an additional 153,749 shares during the period. Summit Trail Advisors LLC lifted its position in shares of BlackRock by 53,902.3% in the first quarter. Summit Trail Advisors LLC now owns 1,274,454 shares of the asset manager’s stock valued at $1,274,000 after acquiring an additional 1,272,094 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of BlackRock by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 476,036 shares of the asset manager’s stock valued at $237,562,000 after acquiring an additional 12,785 shares in the last quarter. Royal Bank of Canada lifted its position in shares of BlackRock by 6.9% in the first quarter. Royal Bank of Canada now owns 452,599 shares of the asset manager’s stock valued at $245,183,000 after acquiring an additional 29,222 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of BlackRock by 1.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 448,835 shares of the asset manager’s stock valued at $243,142,000 after acquiring an additional 6,507 shares in the last quarter. 84.12% of the stock is currently owned by institutional investors.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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