ADNT - Up ChannelI expect the up channel drawn to remain dominant over the smaller down channels that can be seen
Channel continuation and eventually a breakout of the down channel its in, due to the dominant up channel.
ADNT trade ideas
ADNT: Ascending Triangle, awaiting confirmation (48%)Ascending Triangle, awaiting confirmation (48%)
Pros:
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 12, high
ATR ascending
250RSI above 50
200MA ascending
Target:
PT = 59.26$
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$ADNT enters into agreement with joint venture partner YanfengAdient announces strategic transformation in China
- Company enters into agreement with joint venture partner Yanfeng to end its YFAS joint venture
- Transactions provide Adient opportunity to independently drive its strategy in China
- After-tax proceeds of ~$1.4B, combined with existing cash on the balance sheet, are expected to drive significant debt paydown throughout 2021
$ADNT has entered into definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. (YF) to end its Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture in China.
Adient will receive ~$800 million in cash by closing of the transactions (including dividends) and ~$700 million in cash prior to calendar year end, even if closing occurs before such time.
Pro forma Adient
Compared to the company's FY21 outlook, once the transactions close, global consolidated sales and Adj.-EBITDA are expected to increase annually by between $700M-$800M and between $90M-$100M, respectively. In addition, Adient's equity income post-closing is expected to decline annually by ~$155M. Net income and EPS improvement is forecast post-closing, driven by the expected significant reduction in debt and the corresponding benefit of lower financing costs.
finance.yahoo.com
ADNT: Medium Term Play Saw this based on volume and pattern in Finviz. To me it looked good. MAs are near price in consolidation and it is showing signs of imminent breakout. Other than that, earnings are good last quarter.
Bought mid-day on levels of support intraday.
Patter: Reverse H&S
Buy: 37.05 - 37.10
Stop: 34.80 - 34.40
TPs (Price based) : 44, 50
Trail: 20MA and 50MA at 30min chart (if too fast)
ADIENT PLC Title Hey traders, ADIENT PLC is in a bullish push with high volume traded chat and a leggy doji. In the TMEFRAME M1 we can see a dash with a low buy volume emitted it goes in the direction to test the highest of the bollinger. And leave to go to the top of the equilibrium zone for a possible test of it. Great likelihood of breaking out the price with the Momentum then leaving the area to join the next one and land on the last higher. Before starting on the last preceding above before test for breakout of the balance zone. And go to the top of the bullish channel to make a first test.
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ADNT will the downward trend continue?ADNT - automotive spare parts industry.
the stock hasn't been at its best for a long time, reports are not good and fell by 23% last month.
moving average 20 follows it on its way down and it seems that the downward trend is not going to change anytime soon.
below 22.5, i will examine the short entry.
While tracking a break of a critical level of volume
