FUNKO_Funko_1W📊Funko FNKO stock analysis
In the long term, the market is at the bottom of the price and based on Elliott waves, it has completed the 5th wave of decline and is currently in the 5th wave of decline, which can be suitable for investment.
Support range 6.50
The target is 18.00 and 22.00
FNKO
Long Trade in FNKOFunko took a beating in last year’s bear market, but the stock is quickly coming back to life.
FNKO surged on earnings last week and has given back almost none of the initial move.
Shares are barely retracing and doing so on minimal volume – a sign that no one is selling.
This trade is pretty simple – draw a trend line and buy when it breaks above it. I forgot to publish this on Friday, but Monday's action is pretty much exactly what I was hoping to see.
A good breakout should not retrace to the low of this consolidation (currently 10.74), so you could take a stab at this one with very little risk.
Funko outlookFUNKO
Trend:
Above 50,100 and 200 EMA
Positive ADX, DI above 20
Trend seems to be strong
Macro outlook:
Speciality retail
Funko is a leading pop culture lifestyle brand.
They provide connection to pop culture with a product line that includes vinyl figures, action toys, plush, apparel, board games, housewares, NFTs and accessories.
Recommendation:
Wait for price to cross above the resistance @ 27.32 for an entry
NEW POSITION $FNKO Target 26.13 for 20.8% $FNKO Target 26.13 for 20.8%
Or double position at 17.13
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
FUNKO FNKO Falling Wedge Breakout for NFT Play (HOT!)FNKO NFT play is looking good on the breakout. This is a nice falling wedge breakout with a nice retest on FIB levels. I collect Superplastic NFTs and I can see FNKO doing something similar but actually attach physical pieces. If they can pass the regulation hurdles then they will get a huge increase in revenue streams. As long as the IWM is on the uptrend, FNKO will shine.
Here is my chart for FNKO very Bullish on this stock!What is Funko? is a pop culture consumer products company. It offers figures, plush, apparel, toys, vinyl, bags, wallets, homewares and accessories.
This could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
Current Quarter Estimates For FNKO
In the past 30 days, four estimates have gone higher for Funko while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 2 cents a share 30 days ago, to earnings of 9 cents today.
The stock rallied Tuesday as traders circulated a story from Toy News International titled “Funko Looking To Cash In on the NFT Craze.”
Analysts BMO upgraded Funko from a under perform to a Market perform with a price of $16 (2021/03/17)
Analyst JPMorgon Chase upgraded Funko from a underweight to a neutral with a price of $20 (2021/03/15
Analyst Piper Sandler Raised the target with a price of $15 > $22 (2021/03/12)
Short-Term: The 5-minute chart above shows the stock is trading between key levels of $17.75 and the high of the day at $21.17
The daily chart shown above displays three potential key levels for the stock.
The price level near $20 has shown resistance previously and may potentially show resistance again in the future.
FNKO (NASDAQ) - GO uPGreetings
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Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
FNKO (NASDAQ) - GO uP
Correction to $8 before a run up to $16 following ERAttractive entry at $8 with a PT of $16. Lines up with $FNKO estimated fair value. Expect this to play out over the next 12-18 months as FNKO’s e-commerce / direct to consumer platform continues to mature + new.
I expect further value around 2022-2024 with the Marvels Phase 2.0 coupled with the (hopefully) return to steady blockbuster releases + PS5 games.
Pip Sandler research firm upgraded Funko's stockAnalyst Erinn Murphy from Pip Sandler research firm upgraded Funko's stock from Neutral to Overweight with a price target lifted from $6 to $12.
chat with the company's president, CFO and head of IR led to the firm switching to a bullish tone. Specifically, the management team expects to show modest growth in the U.S. business in the fourth quarter while gross margin concerns at other competitors aren't an issue at Funko.
Management is expected to release a "good amount" of new content for next year with a focus on recent hit content like "Queen's Gambit," "WandaVision," among others, the analyst wrote in a note.
More importantly, Piper Sandler's checks point to signs of success with the recent launch of Snapsies at 800 Target (NYSE: TGT) stores along with an expansion of board games and accelerated digital efforts.
finance.yahoo.com