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DPZ

Domino (DPZ) recovering after Q3 profit miss?Technically speaking I see this rebound as the start of a possible recovery. The price is already over the VWAP on 2 hours, the MFI is oversold since October 8 on 4 hours, the ADX is slightly moving down from the current bearish micro-trend also on 4 hours, so for me, the bearish momentum seems to be getting weaker. Hopefully, the price will stay above the 233 SMA, the green line. 🤞 My first target is the closest yellow line above the price, the average APT (Analyst Price Target) at $431.12, and two more targets at 127.20% and 150% Fibonacci levels. Stop-loss already moved to a small percent above break-even. If the price gets me out I will enter again at the yellow line below the price, which is the average lowest projection made by some analysts which at the same time converges with a high volume area, the purple line. 👌 From my point of view, the fundamentals aren't terrible, I believe indeed they are promising. If you want to go deeper you will easily find many analysts talking about the company. I'm in since yesterday, and I will do my second entry in a possible retracement close to the $397. This isn't trading advice. I've no idea what I'm talking about 😉. Trade with caution! 🚨 Have a good day! 🤟
NYSE:DPZLong
by UnknownUnicorn12013771
DOMINO'S 🟥 Correction into earnings may present bullish levels💬 Domino's (DPZ) has performed very well recently as delivery options were expanded and people relied on the delivery giant during COVID. We love cheap delicious pizza, and we may fall in love with Domino's going into earnings July 16th, let's see what levels look like going into earnings for the DPZ bulls and bears alike. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 orderblock at the most recent swing low is the first point of support for the bulls, we are essentially already at this level, and it would be a logical place for the bulls to hold above. That said, earnings are a ways off, so lower support may be needed. S2: The S2 S/R flip is where price most likely finds support. It would be logical for price to remain range-bound until earnings, and this level is the one to hold if that does end up being the case. S3: If the COVID fears get the better of the market, or if we see some unexpected DPZ FUD, then the S3 orderblock could work as a support of last resort for the bulls. Resistance: R1: The R1 bearish orderblock is the only real resistance to worry about here. If the bulls can send it past R1, then we are almost certainly going to make new highs. If the bears can defend R1, especially after earnings, then it is a bad look for this titan of pizza. ----- Summary: The bulls will want to hold the current range into earnings, likely by way of an ABC correction as shown on the chart. A move off S2 and above R1 into earnings or after it is ideal for the bulls. The bears will want to defend R1 to ensure the Domino's COVID FOMO ends here. Resources: www.earningswhispers.com + wtop.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
NYSE:DPZ
by AlphaBotSystem
Domino's May Stop DeliveringI took requests on Twitter the other day and this stock came up. When I at first looked at the recent price action, I didn't see much right away, but I gained some clarity when I backed up. Back out all the way to a monthly chart and you might confuse this stock with a rocket ship company, given the verticality of its price action. However, in the time scale presented above, a clear rising broadening formation can be seen (yellow). Now, is it bullish or bearish? The answer to that question depends on how early one can detect a pattern like this. If caught early, it can be very bullish, as it can help you capture the impulsive moves that take the price to the top trend line. And once you arrive, it can warn you of an impending period of consolidation. And we can clearly see those periods above (red). Now, that said, where are we today? These patterns often resolve with the final thrust rolling over before ever getting to the top channel. And sure enough that is just what we see here. This recent, rising, period of consolidation (blue) often fails to the downside. After this final reversal, these patterns often ultimately resolve themselves with a failure of the lower (yellow) channel. So, at this point in the unfolding of this pattern, it is bearish. And it looks to have begun the process of failing from the recent rising flag already (blue).
NYSE:DPZShort
by CHTradingGroup
3
GoNoGo Charts: Can Dominos Pizza break out?The daily GoNoGo Trend shows a “Go” for Dominos Pizza, and over the course of the last few weeks several re-entry green circles as the pizza giant keeps running up against overhead resistance. The last bar shows a really strong effort to break out, and so we are interested to see what it can do this week. Interestingly, the GoNoGo Oscillator in the lower panel shows momentum making lower highs with each attempt, so a significant rally off the zero line would be needed to confirm a break out.
NYSE:DPZLong
by GoNoGoCharts
1
Dominos Pizza Bullish Flag - Currently Stand asideBased on a daily chart (long term analysis) It can not be a broadening formation (dotted line and red line) as it seems to work more as a continuation pattern. It is more a Bullish Flag (red line and black line). The bullish flag is drawn considering only the closure price as per Dow Theory and not the intraday variation. To me it still seems a market out of control (see volumes and triangles drawn on the chart), hence I personally would stay out. Overall it is a bullish Market, but it does not give any certain signal to buy yet.
NYSE:DPZ
by Mauriello
Nobody wants pizza Beside the fact that Coronavirus is crushing stock prices - Dominos has been in a long painful correction since better than expected Q4 earnings, taking it's price to ATH and testing new ground. Price has broken through the descending channel shown, turning this into the upper axis of a flag pattern, the lower axis being support at 334. A close below 334 will give us that last push down, if support holds I imagine price will continue into the triangles boiling point.
NYSE:DPZShort
by RitchGBP
DPZ Downtrend ContinuationDPZ had an over-reaction in its sell off due to skiddish market behavior which is shown in the prices of precious metals rising, as safe havens instruments continue to rise its possible that this could prevail for the remaining of the earnings season. We'll see when market leaders have their earnings. 9.45 Debit spread. 30 point wide possible max profit is $2055. I want to take a gain of at least half the debit and same for the loss. This is a medium risk high reward play. Although its more likely that it will rise and close the gap as this trend looks very different from netflix which had a similar reaction. I will exit the trade if it rises back to 270 and take a loss.
NYSE:DPZShort
by Synaptic724
Take Away: Restaurant Spending Continue to DeclineSeptember's retail sales increased less than expected, partly due to the 1.8 percent decline in restaurant spending. This was the worst decline since 2016. Partly blamed on Hurricane Florence, that static is likely to be tuned out and the trend of mean reverting to continue after Q2-18's record $3.5B in sales - the strongest in almost 30 years. BLMN is expected to report earnings of .07 cents on October 29, but we should focus on the reality that comps are likely to disappoint following such a great second quarter. We're seeing weakening comps in strong companies like DPZ and DRI. Moreover, Bloomin' has board & mgmt issues that remain unresolved. I believe their is more of a macro play to restaurants, though. Real consumer spending has outpaced real disposable income two of the last four months, but there has been little movement in disposable income. Furthermore, food and beverage spending has followed both the trajectory of U.S. inflation and growth gains since the 2016 election. Q4-18 could be a difficult one for U.S. consumers and restaurant spending could decline in order to fund other consumption. Earnings matter, but this is a trend call.
NASDAQ:BLMNShort
by TheMacroStrategist