Best stocks to buy today for long term in 2024-2025

Stock Analysis: Best Stocks to Buy Today for Long Term in 2024-2025 – Ultragenyx Pharmaceutical (RARE).

For investors exploring the best stocks to buy today for long term in 2024-2025, Ultragenyx Pharmaceutical (RARE) is a noteworthy candidate. Let’s analyze the technical outlook and why this stock offers a promising opportunity for long-term growth.

1. Weekly Time Frame Analysis

On the weekly chart, Ultragenyx Pharmaceutical has recently entered a bullish trend, following a significant bounce from the March 2020 swing low near $32. This level has historically acted as a strong demand zone, providing solid support for upward movements.

Key observations:

• The stock has started forming higher highs (HH) and higher lows (HL), which are hallmarks of a bullish trend.
• The chart reveals an incomplete bearish harmonic pattern, suggesting an upside target near $80.
• The price is trading above the 50 EMA (Exponential Moving Average) on the weekly chart, further confirming bullish momentum.

These factors position Ultragenyx Pharmaceutical as one of the best stocks to buy today for long term in 2024-2025.

2. Daily Time Frame Analysis

On the daily chart, the stock price is currently retracing into its internal demand zone, presenting a potential buying opportunity.

Key insights:

• The retracement into the $50-$35 range is expected to act as a springboard for the next upward move.
• The stock’s alignment with long-term bullish indicators suggests that the retracement is temporary and part of a healthy correction.

Key Technical Levels

• Demand Zone: $50-$35 (ideal buying range).
• Upside Target: $80, based on the harmonic pattern.
• Support Level: $32, which has been a critical demand zone since March 2020.

Why Ultragenyx Pharmaceutical is a Strong Long-Term Investment

1. Trend Reversal: The stock has shifted from a bearish trend to a bullish trend, as indicated by the formation of HH-HL patterns.
2. Bullish Indicators: Trading above the weekly 50 EMA signals strong momentum for continued upside.
3. Demand Zone Support: The $32-$35 range has proven to be a reliable demand zone, offering confidence for future growth.
4. Upside Potential: The incomplete harmonic pattern suggests that the stock could reach $80, providing significant upside for long-term investors.

Investment Strategy

• Entry Range: Consider buying within the $50-$35 range, where the price is currently retracing.
• Target Price: $80 in the long term, aligning with the harmonic pattern projection.
• Stop Loss: Place a stop loss slightly below the $32 demand zone to manage risk effectively.

Conclusion: A Top Pick for Long-Term Investors

Ultragenyx Pharmaceutical (RARE) is one of the best stocks to buy today for long term in 2024-2025, thanks to its strong demand zone support, bullish trend formation, and significant upside potential.

Investors should monitor the ongoing retracement into the $50-$35 range as a buying opportunity, with the stock poised to target $80 in the coming months or years. The alignment of technical indicators supports the bullish case, making it a promising addition to a long-term portfolio.

FAQs

1. Why is Ultragenyx Pharmaceutical a good long-term investment?
Ultragenyx Pharmaceutical is trading in a bullish trend, supported by strong demand zones, positive technical indicators, and a long-term upside target of $80, making it one of the best stocks to buy today for long term in 2024-2025.

2. What is the ideal buying range for Ultragenyx Pharmaceutical?
The ideal buy entry range is between $50 and $35, based on the current retracement into the demand zone.

3. What is the upside target for Ultragenyx Pharmaceutical?
The upside target is $80, as suggested by the incomplete bearish harmonic pattern on the weekly chart.

4. What is the key support level for this stock?
The $32 price level acts as a critical demand zone and support area.

5. Should I invest in Ultragenyx Pharmaceutical now?
Yes, consider investing within the $50-$35 range, as this retracement offers an excellent entry point for long-term growth.

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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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