$PTON Peloton Wedge Break
Hopefully the chart tell you all you need,
We are trading the wedge break very successfully , looks like it has room to run.
PTON trade ideas
PTON over 146.58Falling wedge here and a volume profile that sets it up for an easy bounce. Conservative initial target above at 152.95 as there is a volume node above.
$PTON is Still FallingHourly chart is currently trading below the 200 SMA. If price falls below the red line, I expect sellers to push it further down into the 130s.
PTON, Aroon Indicator entered an Uptrend on January 04, 2021.Over the last three days, Tickeron's A.I.dvisor has detected that PTON's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 99 similar cases, 92 of which were successful. Based on this data, the odds of success are 90%. Current price $146.35 is above $123.02 the highest resistance line found by Tickeron A.I. Throughout the month of 12/01/20 - 01/04/21, the price experienced a +30% Uptrend, while the week of 12/24/20 - 01/04/21 shows a -10% Downtrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 23, 2020. You may want to consider a long position or call options on PTON as a result. Tickeron A.I. detected that in 17 of 19 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 89%.
PTON moved above its 50-day Moving Average on December 10, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for PTON crossed bullishly above the 50-day moving average on December 15, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 3 of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 75%.
Following a +12.72% 3-day Advance, the price is estimated to grow further. Considering data from situations where PTON advanced for three days, in 82 of 88 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 92 of 99 cases where PTON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
$PTON Peloton Interactive on Reversal Watch
Potential reversal trade in PTON,
needs to hold the gap fill at $144.88
Is that fails we will look for the Previous pivot to hold.
Short term reversal target $151.72 & $155
Pton broke upper channelThis stock is tricky.. The new strain of covid fear could just Fu*k this all up so trade with caution. Did a double top today when it broke upper channel. target is bottom of lower channel 130$
PTONPTON
12/29/20 1D TimeFrame
Scenario 1
- Light pullback at the 13/21 ema area
- PTON is very bullish right now in light of increasing COVID19 cases across the US. Plus their acquisition of Precor is in my opinion a bullish move; it's a good way to promote the brand to health clubs, hotels, etc.
- with a light pullback at the 8/13/21ema area which also happens to be channel median, price can potentially hit 2nd target and hopefully rally to target 3 around top of the channel.
Scenario 2
- Healthy pullback at the 50ema area
- based on previous price movement, there is a good chance for PTON to touch 50ema area which happens to be at the bottom channel area before it starts rallying up again to target 1 & 2.
MACD - Seems to be converging and histogram shows upwards momentum is running out.
Stochastics - is at overbought level and seems to start pointing down.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
See you guys at 174+52 week ATH.
At normal pullback points for 1h and 4h, add on pullbacks if there are any...
Target = Blue line at top.
PTON ez shortshould be a quick and easy short. jumped way too much after that precor acquisition imo and is consequently overbought in the year chart this should correct 10% to 20% if I had to guess in the short term. generally speaking the stock price of the company that is acquiring the other should dip as a result of the acquisition yet the opposite is the case for peloton. I understand the fundamental case that precor can help them better fulfill their backlog but a $5.3 billion increase in market cap as a result of an acquisition of a $420 million company does not equate to me.
Why Peloton had a Gap-up on Acquisition NewsBackground
Peloton is the largest interactive fitness platform in the world. It combines exercise equipment with an interactive digital experience featuring energetic trainers to motivate customers to stay fit.
Peloton is one of the pandemic businesses that took off during lock-downs, causing people to cancel their in-person fitness subscriptions and find solutions to work out at home. That has caused a backlog of equipment orders that grew from $360m in June 2020 to $520m in September 2020.
Peloton's business model is built on not only the sale of high quality exercise equipment, but also the continuation of subscription payments from customers. Growth of the subscription base largely depends on the delivery of exercise equipment to customers.
So when Peloton released Q1 earnings in November, investors became nervous with the increasing backlog of equipment orders. News on the street said customers are complaining and starting to abandon orders that are taking over 10 weeks to arrive in some cases. If customers cancel orders, they also do not turn into subscribers.
On December 21, Peloton announced it would acquire fitness equipment manufacturer Pecor. Typically a company announcing an acquisition will drop in stock price. But Peloton gapped up on December 22, gaining 11.65% for the day.
Pecor brings two huge benefits for Peloton that investors love. One is increased manufacturing capacity to improve delivery times on equipment orders. The other is to plug Pecor's existing customer base into Peloton's world-class fitness content, accelerating subscription growth.
Fundamentals
Sales YoY growth of 66%, 172% and 232% last three quarters
EPS of -0.20, 0.27 and 0.20 last three quarters
Tripled # of funds since previous year
Subscription growth is 137% YoY previous quarter
Monthly Subscription Churn is 0.65%
Technical
829% price increase since March lows (427% YTD)
71.24% from gap-down low on 11/9
26% to 50d MA
PTON is a little too extended to buy. Best to wait for a pull-back or high, tight flag and look for a proper entry.
