WOPR-AI

CHX (Bullish)

ChampionX Corporation

Exchange:
Industry:
Sector:
Outstanding: 202.07 M
Capitalization: $4,884.03 M
Dividend: N/A
Entry Date (Eastern Time): 01/21/2022 @ 08:16
Entry Price: $22.44
Last Trade: $24.17
Cumulative SqueezeTrigger: $22.13
Fear Greed: 1.21
Earnings: $-0.27 (0.0x)
Sales: N/A
Book: $2.62 (9.2x)
Valuation Targets:
() VV 
(2020-07-14) VE 
(2022-01-07) Y! 
N/A
$9.66 (0.4x)
$29.44 (1.2x)
   
Alpha Capture
  Year     Possible     Actual     Captured     FG/Ratio  
  2021   639.14%   28.8%   290.15%   1.159  
  2020   357.96%   56.6%   32.71%   1.119  

ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. The company's Production Chemical Technologies segment offers onshore and offshore chemical solutions, such as corrosion inhibitors, scale inhibitors, emulsion breakers, and biocides to oil and natural gas production and midstream markets to manage and control corrosion, oil and water separation, flow assurance, sour gas treatment, and water-related issues. The company's Production & Automation Technologies segment provides artificial lift equipment, end-to-end automation and digital solutions, and other production equipment, including electrical submersible pumping systems, gas lift systems, jet pumps, multiplex surface pumps, plunger lift equipment, progressive cavity pumping systems, downhole rod lift systems, chemical injection systems, flow control valves, and gauges under the Harbison-Fischer, Norris, Alberta Oil Tool, Oil Lift Technology, PCS Ferguson, Pro-Rod, Upco, Unbridled ESP, Norriseal-Wellmark, Quartzdyne, Spirit, Theta, Timberline, and Windrock brands. The company's Drilling Technologies segment offers polycrystalline diamond cutters, bearings, valves, and mining tools under the US Synthetic brand for use in oil and gas drill bits, renewable energy applications, mixers, and agitators; and high-density ceramic roof bolt mining tools for underground mining operations. The company's Reservoir Chemical Technologies segment provides chemistry-oriented solutions and technologies for well stimulation, construction, and remediation in the oil and natural gas industry, such as fracturing fluid packages, drilling and cement additives, and products for acidizing activities. The company has collaboration agreement with Modumetal Inc. The company was formerly known as Apergy Corporation and changed its name to ChampionX Corporation in June 2020. ChampionX Corporation is headquartered in The Woodlands, Texas.

Combined Graph (162 Days)


Investment Highlights

LAST TRADE: $24.17
SQUEEZETRIGGER: $ 22.13 - A short squeeze starts when stock crosses above this price.
VALUATION: $ 29.44
G roup Correlation - Created on Wed, Jan 26th, 2022 at $23.76, with a target price of $26.54 by Wed, Feb 23rd, 2022
G ATS - Created on Tue, Jan 18th, 2022 at $24.69, with a target price of $27.38 by Tue, Feb 1st, 2022
S queezeTrigger - Created on Thu, Jan 6th, 2022 at $22.44, with a target price of $27.54 by Wed, Feb 16th, 2022

ShortSqueeze

We have a proprietary database of all trading in US stocks and maintain massive databases of short sale and naked short sale time and sales data, along with short squeeze SqueezeTrigger prices. We are the only firm that knows the exact price that a short squeeze will start in every US stock.

The Cumulative Squeeze Trigger price for CHX is $22.13.

This means that when CHX closes above $22.13, we expect a short squeeze to begin that could quickly drive the price of CHX considerably higher.


Friction Factor

Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. It shows us how many more shares of buying than selling it takes to move a stock higher by 1 cent, or how many more shares of selling than buying it takes to drop a stock by 1 cent. Here is how to understand Friction Factor:

  • If Friction Factor is positive, more buying than selling caused CHX's price to rise
  • If Friction Factor is negative, more selling than buying caused CHX's price to fall
  • If Friction Factor is 0, there was no discernable activity either way
  • If Friction Factor is abnormal, it means that more buying than selling caused the price to drop which is evidence of manipulative activity. In some cases more selling than buying can cause the price to increase. While this is rare, it must be noted as well. Friction Factor raw data.


Firing Predictions Details

Group Correlation

CONSTRUCTION-BUILDING SERVICES Stocks Expected To Be Up After Top Correlated Stocks Fire Buy Signals.

January 26, 2022 / We are monitoring the top most highly correlated CONSTRUCTION-BUILDING SERVICES stocks and the majority have fired a Buy signal as of today. ChampionX Corporation (:CHX) is/are expected to be Up as the top stocks in the sector have fired Buy signals. Group rotation is a phenomenon where institutions exert buying or selling pressure in an industry group, pushing prices of the group higher or higher relative to the general market. An industry can often lead or lag the market, and the most highly correlated stocks (mirror closest to the overall move in that group) usually move in unison. The chart below displays the correlation, beta and relative strength of the top most highly correlated stocks in the highlighted industry group:

Symbol  Company  Correlation  Beta  RelStr  Sector
CHX  ChampionX Corporation  0.5  1.25  1.01  CONSTRUCTION-BUILDING SERVICES

We automatically calculate correlation to help find the stocks that most closely match their groups movement and generate powerful group consensus trading signals to profit from the herd mentality. When multiple stocks in a group turn at the same time and the rotation of that group is confirmed, an explosive move typically occurs. Correlation measures the tendency for a symbol to move in unison with the group, beta measures the amount the symbol is expected to move relative to the group and relative strength looks back at the recent past to show how the stock has been moving relative to the group.

GATS

CHX Expected to Trade Up Short Term

January 18, 2022 / We are monitoring top equities trading strategies and these stocks are the most likely to trade Up in the coming weeks. ChampionX Corporation (:CHX) is/are expected to go Up as Bullish signals have been generated by top equity trading strategies. This trading system is designed to identify high probability reversion to mean trading candidates. It looks to go long immediately following strong sell-offs, and goes short after sharp run ups. Its trades are short term and hone in on the irrational decisions of emotional traders around these extreme moves. The chart below displays the stocks expected to go Up and a suggested stop level to limit any potential trading losses.

Symbol  Company  Price  Stop Level
CHX  ChampionX Corporation  $24.690  $23.28

SqueezeTrigger

CHX SqueezeTrigger Price is $22.07. There is $80,763,255 That Short Sellers Still Need To Cover.

January 6, 2022 / We are monitoring ChampionX Corporation (:CHX) in real time and just received an alert that CHX is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 120454315 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $22.07.

From 5 Years prior through December 2021, an aggregate amount of 120,454,315 shares of CHX have been shorted for a total dollar value of $2,658,000,712. The CHX SqueezeTrigger price of $22.07 is the volume weighted average price that all shorts are short in shares of CHX. There is still approximately $80,763,255 of potential short covering in shares of CHX.

We have built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price.

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Previous Reports

G roup Correlation - Created on Wed, Jan 26th, 2022 at $23.76, with a target price of $26.54 by Wed, Feb 23rd, 2022
G ATS - Created on Tue, Jan 18th, 2022 at $24.69, with a target price of $27.38 by Tue, Feb 1st, 2022
S queezeTrigger - Created on Thu, Jan 6th, 2022 at $22.44, with a target price of $27.54 by Wed, Feb 16th, 2022
G ATS - Created on Thu, Jan 6th, 2022 at $21.82, with a target price of $20.4 by Thu, Jan 20th, 2022
P atternScan - Created on Wed, Dec 22nd, 2021 at $20.82, with a target price of $24.53 by Tue, Jan 11th, 2022
G roup Correlation - Created on Wed, Dec 15th, 2021 at $21.27, with a target price of $19.43 by Wed, Jan 12th, 2022
S queezeTrigger - Created on Tue, Dec 14th, 2021 at $22.36, with a target price of $28.51 by Tue, Jan 25th, 2022
G ATS - Created on Tue, Dec 14th, 2021 at $21.84, with a target price of $20.39 by Tue, Dec 28th, 2021
S queezeTrigger - Created on Tue, Dec 7th, 2021 at $22.54, with a target price of $28.74 by Tue, Jan 18th, 2022
P atternScan - Created on Fri, Nov 26th, 2021 at $22.11, with a target price of $26.2 by Thu, Dec 16th, 2021
S queezeTrigger - Created on Thu, Nov 25th, 2021 at $22.25, with a target price of $28.37 by Thu, Jan 6th, 2022
S queezeTrigger - Created on Mon, Nov 22nd, 2021 at $22.26, with a target price of $28.37 by Mon, Jan 3rd, 2022
G ATS - Created on Mon, Nov 22nd, 2021 at $21.79, with a target price of $20.42 by Mon, Dec 6th, 2021
P atternScan - Created on Wed, Nov 17th, 2021 at $24.29, with a target price of $22.53 by Wed, Dec 8th, 2021
G roup Correlation - Created on Wed, Nov 3rd, 2021 at $27.01, with a target price of $30.17 by Wed, Dec 1st, 2021
P atternScan - Created on Wed, Nov 3rd, 2021 at $27.01, with a target price of $32.17 by Tue, Nov 23rd, 2021
G ATS - Created on Fri, Oct 29th, 2021 at $26.06, with a target price of $29.08 by Fri, Nov 12th, 2021
P atternScan - Created on Thu, Oct 14th, 2021 at $25.22, with a target price of $23.05 by Thu, Nov 4th, 2021
P atternScan - Created on Wed, Oct 13th, 2021 at $25.29, with a target price of $30.16 by Tue, Nov 2nd, 2021
G ATS - Created on Fri, Oct 8th, 2021 at $24.31, with a target price of $27.19 by Fri, Oct 22nd, 2021
G ATS - Created on Mon, Oct 4th, 2021 at $23.64, with a target price of $26.44 by Mon, Oct 18th, 2021
P atternScan - Created on Wed, Sep 29th, 2021 at $22.86, with a target price of $27.26 by Tue, Oct 19th, 2021
P atternScan - Created on Fri, Sep 24th, 2021 at $22.01, with a target price of $26.25 by Thu, Oct 14th, 2021
S queezeTrigger - Created on Wed, Sep 22nd, 2021 at $21.80, with a target price of $33.7 by Wed, Nov 3rd, 2021
S queezeTrigger - Created on Mon, Sep 20th, 2021 at $22.09, with a target price of $34.14 by Mon, Nov 1st, 2021
G ATS - Created on Mon, Sep 20th, 2021 at $21.45, with a target price of $20.02 by Mon, Oct 4th, 2021
G roup Correlation - Created on Thu, Sep 16th, 2021 at $23.47, with a target price of $22.11 by Thu, Oct 14th, 2021
G ATS - Created on Wed, Sep 8th, 2021 at $22.50, with a target price of $21 by Wed, Sep 22nd, 2021
S queezeTrigger - Created on Mon, Aug 23rd, 2021 at $22.27, with a target price of $34.42 by Mon, Oct 4th, 2021
G ATS - Created on Mon, Aug 16th, 2021 at $22.99, with a target price of $21.19 by Mon, Aug 30th, 2021
G ATS - Created on Tue, Aug 10th, 2021 at $22.88, with a target price of $21.09 by Tue, Aug 24th, 2021
G roup Correlation - Created on Fri, Aug 6th, 2021 at $22.39, with a target price of $20.08 by Thu, Sep 2nd, 2021
G ATS - Created on Thu, Aug 5th, 2021 at $21.84, with a target price of $20.13 by Thu, Aug 19th, 2021
G ATS - Created on Mon, Aug 2nd, 2021 at $23.24, with a target price of $21.2 by Sun, Aug 15th, 2021
P atternScan - Created on Fri, Jul 23rd, 2021 at $21.97, with a target price of $26.54 by Thu, Aug 12th, 2021
P atternScan - Created on Thu, Jul 22nd, 2021 at $22.63, with a target price of $27.34 by Wed, Aug 11th, 2021
G ATS - Created on Fri, Jul 16th, 2021 at $23.18, with a target price of $21.14 by Thu, Jul 29th, 2021
P atternScan - Created on Thu, Jul 8th, 2021 at $23.47, with a target price of $21.49 by Thu, Jul 29th, 2021
G ATS - Created on Thu, Jul 1st, 2021 at $25.65, with a target price of $28.69 by Thu, Jul 15th, 2021
P atternScan - Created on Thu, Jun 3rd, 2021 at $29.46, with a target price of $35.59 by Wed, Jun 23rd, 2021
G roup Correlation - Created on Fri, May 28th, 2021 at $26.57, with a target price of $29.66 by Thu, Jun 24th, 2021
G ATS - Created on Thu, May 27th, 2021 at $25.49, with a target price of $28.31 by Thu, Jun 10th, 2021
P atternScan - Created on Fri, May 14th, 2021 at $24.72, with a target price of $22.64 by Fri, Jun 4th, 2021
P atternScan - Created on Thu, May 13th, 2021 at $24.70, with a target price of $22.62 by Thu, Jun 3rd, 2021
G ATS - Created on Fri, May 7th, 2021 at $23.98, with a target price of $26.59 by Fri, May 21st, 2021
P atternScan - Created on Thu, May 6th, 2021 at $23.50, with a target price of $28.21 by Wed, May 26th, 2021
P atternScan - Created on Fri, Apr 30th, 2021 at $21.33, with a target price of $25.84 by Thu, May 20th, 2021
P atternScan - Created on Mon, Apr 26th, 2021 at $20.41, with a target price of $24.73 by Sun, May 16th, 2021
S queezeTrigger - Created on Wed, Apr 21st, 2021 at $19.06, with a target price of $24.54 by Tue, Jun 1st, 2021
P atternScan - Created on Mon, Apr 12th, 2021 at $20.48, with a target price of $25.21 by Sun, May 2nd, 2021
P atternScan - Created on Tue, Mar 30th, 2021 at $21.39, with a target price of $26.33 by Mon, Apr 19th, 2021
P atternScan - Created on Mon, Mar 29th, 2021 at $22.21, with a target price of $27.34 by Sun, Apr 18th, 2021
P atternScan - Created on Fri, Mar 26th, 2021 at $21.57, with a target price of $26.56 by Thu, Apr 15th, 2021
G ATS - Created on Thu, Mar 11th, 2021 at $24.43, with a target price of $27.47 by Thu, Mar 25th, 2021
G ATS - Created on Mon, Mar 8th, 2021 at $23.37, with a target price of $26.27 by Mon, Mar 22nd, 2021
P atternScan - Created on Fri, Feb 26th, 2021 at $20.72, with a target price of $25.31 by Thu, Mar 18th, 2021
G ATS - Created on Thu, Feb 25th, 2021 at $21.08, with a target price of $23.7 by Thu, Mar 11th, 2021
P atternScan - Created on Thu, Feb 11th, 2021 at $17.26, with a target price of $21.6 by Thu, Mar 4th, 2021
G ATS - Created on Fri, Feb 5th, 2021 at $16.88, with a target price of $19.78 by Fri, Feb 19th, 2021


Report Statistics

Avg ReturnAvg Maturity DaysHitsMisses% Accuracy

Insider

  26.30%181.71264687493.5%

Seasonality

  9.78%27.98498138286.0%

Group Correlation

  10.43%27.815215279684.5%

Events

  9.33%20.966615681.0%

PatternScan

  14.56%20.63616119384079.4%

GATS

  8.80%13.9972762659178.5%

Earnings

  11.23%28.6178854976.5%

Friction Factor

  12.69%6.97737318470.8%

SqueezeTrigger

  28.28%41.41110904808769.8%

Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by WOPR or its affiliates (collectively, "WOPR")) will be profitable or equal the corresponding indicated performance level(s). Moreover, you should not assume that any of the above content serves as the receipt of, or as a substitute for, personalized investment advice from WOPR. A copy of our current written disclosure statement discussing our services and fees continues to remain available for your review upon request. Historical performance results for investment indices and/or categories have been provided for general comparison purposes only using computer simulations, and generally do not reflect the deduction of transaction and/or custodial fees, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results. It should not be assumed that your account holdings do or will correspond directly to any comparative indices.


Report Descriptions

Insider

  Tracks insiders trading records and determines trading performance. Trades by higher-level insiders are generally more predictive than trades by lower level insiders

Seasonality

  Predicts probability, price move and length of move based on exact time of year for all US stocks

Group Correlation

  Tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups

Events

  Tracks patterns directly correlated to specific events.

PatternScan

  Automates tracking of every technical pattern and predicts next move in stocks.

GATS

  Tracks and quantifies known trading strategies by backtesting, optimizing and running genetic algorithms and neural networks to ascertain best trading strategies.

Earnings

  Predicts probability, price move and length of move before and after all US stock earnings reports

Friction Factor

  Market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

SqueezeTrigger

  Tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.


Legal / Disclaimer

Our research gives institutional and individual investors an exclusive advantage in making precise, predictive and profitable trading decisions. Our proprietary technologies  Earnings, Seasonality, Squeeze Trigger, Group Sector and GATS  apply artificial intelligence, proprietary algorithms, market data and research to help our clients realize exponential returns.

All material herein was automatically prepared by our servers based on current and historical statistical facts containing no human intervention or bias of any sort and is based upon information believed to be reliable. Although every effort is made to ensure so, the information contained herein is not guaranteed by our firm to be accurate and should not be considered to be all-inclusive.

The companies that are discussed in this report have not approved the statements made herrein. This report contains forward-looking statements based on current and historical statistics, and involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.

Our firm is not a registered investment advisor. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein.

Our firm or our affiliates may receive compensation from independent third parties, or from the companies mentioned, for data provided in this report or related services.

Our affiliates, officers, directors and employees do not own shares of the company mentioned in this report, but may from time to time buy/sell the shares discussed in this report and may profit from those trades.

Our firm will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment.

Report Generated on Wed, 26 Jan 2022 15:10:18 -0800, All Rights Reserved. © 2022