Stock Analysis: Best Long Term Stocks to Buy Now Under 50 – Dentsply Sirona Inc (XRAY)
If you’re looking for the best long term stocks to buy now under 50, Dentsply Sirona Inc (XRAY) offers a promising opportunity. On Friday, 25 October 2024, Dentsply Sirona closed at $23.31, positioning it as a strong candidate for long-term growth. Let’s explore the technical analysis and why Dentsply Sirona is considered one of the best long term stocks to buy now under 50.
1. Overview of Dentsply Sirona Inc (XRAY)
Dentsply Sirona is a leading manufacturer of dental products and technologies, serving professionals worldwide. The company’s strong presence in the dental industry and its solid market position make it one of the best long term stocks to buy now under 50 for those looking to invest in a stable business with growth potential.
2. Closing Price: 25 October 2024
On 25 October 2024, Dentsply Sirona closed at $23.31. This price level places the stock near a key demand zone, offering an attractive entry point for long-term investors. The technical setup suggests that a bullish move could be on the horizon, making it a great option for those seeking best long term stocks to buy now under 50.
3. Monthly Time Frame Analysis
On the monthly time frame, Dentsply Sirona has been trading in a falling wedge pattern since May 2021, when the stock was around $69. A falling wedge is typically a bullish reversal pattern, indicating that the stock could soon break out towards the upside.
The stock has recently reached a previous swing low from April 2009, which could act as a strong demand zone. This level has historically provided support and is expected to hold again, creating an opportunity for the stock to bounce upwards. Additionally, the RSI (Relative Strength Index) shows a bullish divergence, meaning that while the price has been decreasing, the momentum is shifting towards the bulls. This is a positive sign that supports Dentsply Sirona as one of the best long term stocks to buy now under 50.
4. Weekly Time Frame: Bullish Signals at Demand Zone
On the weekly time frame, Dentsply Sirona is showing similar bullish signals. The RSI is also displaying bullish divergence at the $23 demand zone, reinforcing the expectation that the stock could move higher in the coming weeks. The combination of a falling wedge pattern and bullish divergence on both the monthly and weekly charts suggests a strong likelihood of a reversal, making Dentsply Sirona one of the best long term stocks to buy now under 50.
5. Critical Support Level: $20
While Dentsply Sirona is showing bullish potential, it’s important to monitor the $20 price level. If the stock breaks and closes below $20, the current bullish setup would be invalidated, and further downside could be expected. However, as long as the stock holds above this key level, the bullish outlook remains intact, making it a solid choice for long-term investors.
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Swing Trade Idea for Dentsply Sirona Inc (XRAY)
For those looking to capitalize on short-term opportunities, Dentsply Sirona offers a compelling swing trade setup. Here’s a swing trade idea based on current technical analysis:
- Buy Entry Range: $23 – $20.80
- Stop Loss: $19.30
- Target 1: $32
- Target 2: $36
This swing trade setup provides a solid risk-to-reward ratio, with the stop-loss placed just below the $20 support level to protect against downside risk. The first target of $32 and the second target of $36 are realistic based on historical price action and resistance levels.
6. Why Dentsply Sirona is Among the Best Long Term Stocks to Buy Now Under 50
Dentsply Sirona is one of the best long term stocks to buy now under 50 for several key reasons:
- Strong Demand Zone: The stock has reached a key demand zone near the April 2009 swing low, which has provided support in the past.
- Falling Wedge Pattern: The stock is trading within a falling wedge, a bullish reversal pattern that indicates potential for an upward breakout.
- Bullish Divergence: The RSI on both the monthly and weekly time frames is showing bullish divergence, suggesting that momentum is shifting towards the bulls.
These factors make Dentsply Sirona a compelling option for long-term investors seeking growth in a stable, well-established company.
7. Risk Management and Strategy
While Dentsply Sirona presents a strong bullish setup, proper risk management is essential. Swing traders should adhere to the stop-loss at $19.30 to protect against any downside if the stock breaks below the key $20 support level.
For long-term investors, it’s important to keep an eye on the broader market trends and the company’s performance in the dental industry. As the stock approaches its upside targets of $32 and $36, taking partial profits or adjusting positions could be a wise strategy.
8. Long-Term Investment Outlook
Dentsply Sirona is well-positioned in the global dental market, and its focus on innovation and product development ensures that it remains a leader in its field. For investors seeking best long term stocks to buy now under 50, Dentsply Sirona offers both stability and growth potential.
With upside targets of $32 and $36, there is significant room for price appreciation in the coming months and years. Long-term investors can benefit from Dentsply Sirona’s strong market position and its ability to capitalize on growing demand for dental products and technologies.
9. Conclusion: Dentsply Sirona is a Strong Buy for Long-Term Investors
Dentsply Sirona Inc (XRAY) is one of the best long term stocks to buy now under 50 due to its bullish reversal pattern, strong demand zone support, and bullish signals on both the monthly and weekly charts. With upside targets of $32 and $36, the stock presents a promising opportunity for both swing traders and long-term investors.
As long as the stock holds above the $20 level, the bullish outlook remains valid, and Dentsply Sirona could continue to rise in the coming weeks and months. For those seeking a combination of short-term gains and long-term growth, Dentsply Sirona is a top contender among the best long term stocks to buy now under 50.
FAQs
1. Is Dentsply Sirona a good stock to buy for long-term investment?
Yes, Dentsply Sirona is considered one of the best long term stocks to buy now under 50 due to its strong demand zone support, bullish reversal pattern, and growth potential in the dental industry.
2. What is the closing price of Dentsply Sirona on 25 October 2024?
On 25 October 2024, Dentsply Sirona closed at $23.31.
3. What are the upside targets for Dentsply Sirona?
The upside targets for Dentsply Sirona are $32 and $36, with potential resistance at these levels.
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Note: Always remember: risk no more than 1% per trade.” Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
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