Photo by Yiorgos Ntrahas on Unsplash
 

The Chart of the Day belongs to the specialty chemical company Ingevity (NGVT). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on  1/10 the stock gained  14.84%.

(Click on image to enlarge)

Ingevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company operates through two segments, Performance Materials, and Performance Chemicals. The Performance Materials segment engineers, manufactures and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats. This segment also produces other activated carbon products for use in various applications, including food, water, beverage, and chemical purification. The Performance Chemicals segment comprises of pavement technologies, industrial specialties, and engineered polymers. It manufactures products derived from crude tall oil and lignin extracted from the kraft pulping process, as well as caprolactone monomers and derivatives derived from cyclohexanone and hydrogen peroxide. This segment's products are used in various applications comprising warm mix paving, pavement preservation, pavement reconstruction, and recycling, oil well service additives, oil production, and downstream applications; and adhesives, agrochemical dispersants, lubricants, printing inks, industrial intermediates and oilfield, coatings, resins, elastomers, bioplastics, and medical devices. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

• 100% technical buy signals
• 48.60+Weighted Alpha
• 35.41% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100-day moving averages
• 10 new highs and up 13.06% in the last month
• Relative Strength Index  69.84%
• Recently traded at $90.75 with 50-day moving average of $78.48
   

Fundamental Factors:

• Market Cap $ 3.39 billion
• P/E 14.42
• Revenue is expected to grow by 20.50% this year and another 9.00% next year
• Earnings are estimated to increase 20.50% this year, an additional 10.50% next year, and continue to increase at an annual rate of  6.20% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts have 3 strong buy, 2 buy, and 2 hold opinions in place on this stock
• Analysts have price targets from $76 to $115 with a consensus of $96.43 over 6.26% above todays close
• Value Line has a Timeliness rating of 3 (Average) and a 3 to 5-year price range of $125 to $190
• CFRAs Market scope has  Buy rating
• 9,940 investors monitor the stock on Seeking Alpha

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