Technical Analysis has been a go-to study for investors and traders in their investing journey. Using Moving Averages, Technical Patterns, RSI, MACD, and other popular technical indicators help traders build strategies that optimize their trading entries, find stocks to buy, or determine trends and patterns. With all these indicators available, new investors will have difficulty finding which one to use. But what if there is a way to identify stocks with strong signals at a glance easily?
Let me introduce to you "Barchart Opinion".
"Barchart Opinions" analyzes a stock based on 13 popular analytics based on short-, medium- and long-term periods. The results are then calculated and labeled as buy, sell, or hold signals, each with numerical ratings and summarized with a percentage buy or sell rating.
A stock can only have an Opinion rating if it has at least six months' worth of trading activity and is run through 13 different technical indicators. After the calculation, the stock is assigned a Buy, Sell, or Hold value with the study, depending on where the price lies about the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.
This article will look at the 3 dividend elites with 100% Buy Opinion Ratings right now.
A.O. Smith Corporation (AOS)
A.O. Smith Corporation provides water heaters and boilers for homes and businesses. The company was founded in 1847 by Charles Jeremiah Smith. It is headquartered in Milwaukee, Wisconsin, and employs over 12,000 employees.
The company provides an extensive catalog of products and services in over 60 countries. Some of its most famous brands include:
- A.O. Smith - Provides cutting-edge water heaters, boilers, and storage tanks.
- WaterCare - Provides water treatment solutions worldwide.
- Water-Right - Offers various water and air treatment products and services such as Sanitizer Plus, Impression Plus, Impression Plus Air Systems, and many more.
- Takagi - Provides tankless water heating solutions.
- Mineral-Rights - The sole manufacturer of synthetic zeolite in the world.
- Lochinvar - Provides pool and spa heaters, water storage tanks, and services related to water heating.
- Hague Quality Water - Offers water treatment solutions in over 50 countries.
- GSW - Provides energy-efficient gas and electric water heaters in Canada.
A.O. Smith Corporation has an annual dividend yield of 1.78% and a 5-year dividend growth rate of 103.57%. Based on historical announcements, the company is expected to announce its next dividend in the 2nd week of April. AOS has continuously increased its dividends for 31
Straight years and is a part of the elite Dividend Aristocrats.
Barchart Opinion and Chart
Last week, Smith A.O. Corp had an “88% Buy” rating, and today, it has a “100% Buy” rating.
The chart shows AOS is currently in a bullish trend and is trading above short-, mid-, and long-term moving averages and in an upward-sloping direction. RSI shows a break above the consolidation of the signals' downward trendline and trades within a bullish territory. Investors should note that AOS is still in a tight range (within the purple rectangle) and is on its way to retesting its near-term resistance for a potential range breakout and testing the next resistance around the $71.87 area. Investors should always wait for clear entry signals and confirmation of a breakout to ensure a low-risk entry.
Clorox Company (CLX)
The Clorox Company is a diversified global manufacturer of household and industrial products. The company was founded in 1913 and is headquartered in Oakland, California, with over 8,000 employees.
The company operates in over 25 countries and markets its products in over 100 countries. The company has many famous brands under its name.
Some of the most well-known ones are:
- Clorox - Provides various cleaning products such as wipes, sprays, bleach, etc.
- Champion Performance - Offers numerous sports nutrition products.
- Formula 409 - Sells sprayable cleaners for steel, stone, carpets, etc.
- Fresh Step - Offers cat litter.
- HandiWipes - Sells reusable paper towels.
- Rainbow Light - Sells multivitamins.
- Glad - Manufactures and sells food storage containers and trash bags.
- S.O.S - Sells various scrubbers such as soap pads, wool pads, and sponges.
Clorox Company has an annual dividend yield of 2.99% and a 5-year dividend growth rate of 45%. Based on historical announcements, the company is expected to announce its next dividend in the 2nd week of July. CLX has continuously increased its dividends for 20
straight years and is a part of the elite Dividend Aristocrats.
Barchart Opinion and Chart
Clorox Company has a “100% Buy” rating, with a historical rating of “100% Buy” over the past month.
The chart shows that CLX is trading within a range between $147.00-157.00 area. CLX tried to break out of the range last Monday, but it did not get a follow-through after yesterday’s strong rejection from its resistance. Investors will probably want to wait for prices to settle above the short-term support and wait for buyers to step in or for follow-through and confirmation after another attempt to break out. Short, Medium, and Long term moving averages are still bullish and are in an upward-sloping direction. Still, RSI is starting to move in a tight range, signaling a near-term volatility expansion on the upside or downside for CLX.
Tootsie Roll (TR)
Tootsie Roll Industries, Inc. manufactures and sells confectionery products along with its subsidiaries. The company sells products under the registered trademarks:
- TOOTSIE ROLL
- TOOTSIE POPS
- CHILD’S PLAY
- CARAMEL APPLE POPS
- CHARMS
- BLOW-POP
- CHARMS MINI POPS
- CELLA’S
- DOTS
- JUNIOR MINTS
- CHARLESTON CHEW
- SUGAR DADDY
- SUGAR BABIES
- ANDES
- FLUFFY STUFF
- DUBBLE BUBBLE
- RAZZLES
- CRY BABY
- NIK-L-NIP
- TUTSI POP (Mexico)
Its products are sold in the United States, Canada, and Mexico through approximately 25 food and grocery brokers and to customers by the company itself. Tootsie Roll Industries, Inc. has a wide range of customers that include wholesale distributors of candy, dollar stores, chain grocers, discount chains, cooperative grocery associations, mass merchandisers, food and groceries, supermarkets, variety stores, warehouse, and membership club stores, the United States military, e-commerce merchants, and fund-raising charitable organizations.
Tootsie Roll Industries has an annual dividend yield of 0.80% and a 5-year dividend growth rate of 16.67%. Based on historical announcements, the company is expected to announce its next dividend in the 2nd week of June. TR has continuously increased its dividends for 54
years and, as such, is a part of the elite Dividend Kings.
Barchart Opinion and Chart
Tootsie Roll Industries is being given a “100% Buy” rating with its historical rating continuing to increase from a “72% Buy” last month, and “88% Buy” last week.
The chart shows TR currently trading within the upper part of its trading range between the $41.00-46.00 range. TR received a buy signal via a cross of its short-term moving average (Red 20D SMA) above its medium-term moving average (Green 50D SMA). TR’s moving averages have given a strong indication of strong support for the stock as its Long term moving average (Blue 100D SMA) also proved to support the price around the 2nd week of March. Investors should ensure proper risk management when buying into TR to minimize losses in case there is no follow-through on the buy signal.
Final Thoughts
Barchart Opinion Rating is a unique way of providing investors with a quantitative view of a stock’s technical indicator signals via its composite ratings. However, investors should never neglect risk & trade management once they buy these high-rated stocks and hold them in their portfolios. A high rating does not guarantee a home run, but it is a chance to see when is the best time to swing the bat.
On the date of publication, Rick Orford did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
