PTON - Bear Flag or Ascending Channel?PTON has been moving in upward channel. Despite recent pull back PTON appears to continue to uptrend in channel.
PTON trade ideas
PTON, Time To Buy?Hello fellow traders and investors, PTON is one of my favorite stocks I'm watching since there is a very high ROI potential, and in my opinion, this is a great company that has grown its revenue each quarter and I'm looking at this more as an investment since I believe this company is set to grow much more. Since their valuation is very rich sitting at around 279 for the P/E and 13.8 for P/S I think I'm only going to make this a shorter-term investment.
Technicals:
The Macd indicates that PTON is oversold
The EMA's indicate that PTON is still in a downtrend
Fundamentals:
As I said before their valuation is expensive. They are growing revenue each quarter and this is a sign of a good company so I do think their valuation will stay expensive in the short term and that's why I'm thinking of taking a shorter-term trade.
When To Buy:
(Daily Timeframe)
When the Macd crosses its EMA
When the EMA's crossover
When To Sell:
There are two options on where to sell. The first option is to sell at its previous high which offers around a 25% ROI. The second option is to sell at the upper trendline which is around a 35% ROI.
Hope you enjoyed the analysis and many more to come.
If you enjoyed leave a like and follow, thanks
PTONPTON, lots of low volume consolidation. Remember Ive mentioned that I love a sharp move lower to take out stops and shake out the weak hands. Looks like we may have got that. Arrow marks it. Still watching. Alerts are set.
another great dip entry ! lots of support coming into play here for pton, rsi trendline, sma. on watch next week for a entry. I want to see the top trendline break for confirmation first! goodluck :)
$PTON 16/2/2021 AnalysisNASDAQ:PTON
Peloton is an American exercise equipment and media company and its main product bicycle and treadmill allow its monthly subscribers to remotely participate in classes that are streamed from the company's studio. This service allows the company to benefit from the pandemic as people are restrain or cautious to go out and attend physical gym classes. The price of PTON have skyrocket from $20 per share to $154 per share since March 2020.
The price of PTON has been consolidating on the support area 139.84 as well as the 50 EMA and currently has the signs of moving up. A small position can be opened at the current price level. The volume of PTON had also shown a little spike on the close of 12/02/2021. The MACD also shown that its going to crossover. The first resistance is at 171.50. After it break above the resistance 171.50, the target price will be 192 and 224
Resistance: 171.50
Support: 139.84, 118, 96
*This is not an investment advice and just my opinion*
*Trade at your own risks*
PTON Starting to Break out of Bullish FlagPelaton Interactive has started to rise up out of its wedge it has been forming. This usually is a good sign and could mean big gains. It is also staring to come off of support, which is another green flag. Good Luck!
PTON Long Idea (weekly)PTON long idea, waiting for a pullback to weekly demand, will look for a 4h momentum shift to the upside
PTON ready for another leg upThe stochastic for PTON doesn't get into the blue zone (20) very often. Last time it went on an epic run and the previous time was back in March and we all know where that has led.
Pton descending triangle break outPattern outlined in - yellow lines.
Target are fib - green lines
Channel - white lines
channel split - redline
Might find some resistance at channel split around 158-159.
stop loss at 152
$pton - ascending triangle, bull flaggot beaten to death for no reason on earnings last week.
making higher lows which is always a good sign, getting closer to breaking out of the bull flag.
It looks better going into next week, but if my technical analysis stands, $200+ by late march/early April... and then some as it makes it ways back to the pitchfork median
PTON to 200+Some basic EW and pitchforks show PTON heading up to 200+.
Its currently at the 10 EMA on the weekly and the 50 EMA on the daily chart, and nearing the bottom of the pitchfork.
PTON Play Buy around 137NASDAQ:PTON play if touch and holds 137 support.
Buy price 137.56,
Potential Target: 169
Stop loss: 125.13
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
PTON, short-term bearAfter completing a large 5-wave up move, now price appears to be starting large wave 1 down.
And in that large 1st downwave, we are at the start of the 5th wave of that. It's been a fast fractal and you can see the setup.
No point in going long here. Bearish short-term, especially with anticipation of a weak broader market the week of Feb 07.
Don't let the day of earnings FOMO distract your eyes, the signs are there. The risk is far too great to be long here unless you're a full buy and hold for more months.
PTON, the air is thin!I'd be extremely careful here at these levels.
This is priced to (and probably beyond) perfection.
Weekly chart shows 2nd final Fib target hit last month and price is all but yelling that it wants to retrace back to 130 at a minimum.
Earnings were good enough but needed to be an absolute blowout in order to sustain the momentum.
With supply chain issues still pressing for months to come, a pause/decline is coming fast.
This may be a momentum play again later, but now is not the time.
Definitely short-term bearish.
