CNH Industrial CNHI Stock & Option Trade Ideas

Based on the technical data for CNHI, here is an analysis of the stock:

MACD (Moving Average Convergence Divergence): The MACD is currently below the Signal Line, indicating a bearish trend. However, the MACD line is approaching the Signal Line from below, which could signal a potential bullish crossover in the near future.

Bollinger Bands: The price is currently below the middle band, which suggests a bearish trend. The bands are narrowing, indicating decreased volatility, but the price is close to the lower band, which might suggest a potential reversal to the upside.

RSI (Relative Strength Index): The RSI has been fluctuating between oversold and neutral territory, currently indicating a neutral stance. It has room for potential upward movement.

Based on the analysis, here are some potential trading strategies for CNHI:

Stock Trade: Consider waiting for confirmation of a bullish crossover in the MACD or a bounce off the lower Bollinger Band before going long on CNHI stock. Keep an eye on the RSI for confirmation of upward momentum.

Option Trade: For a bullish option trade, consider buying a call option with a strike price near the current price of CNHI stock with an expiration date that allows for potential price movement to the upside. Alternatively, a bullish call spread can be considered to manage risk.