$LMND, can price recover and get back to the $30s?I'll be honest, this one I'm less confident about, but in terms of the analysis:
Earnings sent the stock price lower back into support and the 200DMA.
If price can stay above this region, then I think there's a possibility of a squeeze back higher into the $31 resistance.
First price needs to reclaim the $17 resistance.
Let's see if it can do that.
LMND
Lemonade heads to earnings LONGLMND has upcoming earnings. On the 15 minute chart, price has gained 12% in the past two
weeks. Typically, LMND beats estimates and experiences a surge from the earnings report.
The chart shows a good trend up albeit with corrections along the way where the bears
attempt to take a stand. This is an ascending channel with price currently in the middle of
the channel's invisible histograms. The more shorts give up their positions and buy to cover, the
further they contribute to the large trend. I will take a long position here for about a month
through earnings. The potential profit that seems likely is well worth the risk on balance.
LMND - Update Hi guys, ive been tracking LMND since february as i noticed we were interacting with major resistance trend line that formed since its top in 2021. Just to mention its extremely hard to predict what goes on in the markets, and i was somewhat wrong in my short term prediction in my previous charts. As we made a lower low ($10.37). BUT im still long this company and my thesis in general for the longer term is still INTACT.
Remember this is strictly technical analysis ONLY. I do not go into fundamentals at all and quite frankly it works for me. I believe the charts to be the only tools needed as they help increase my probabilities of success.
Anyway lets jump in.
Firstly we start with price action. This analysis is done on the weekly timeframe. So this analysis is not for short term trading but to assess a longer term trend change.
We are currently in the process of breaking the orange downward sloping trend line i drew that began in july 2022 (notice the green arrow as well).
The candle is also a massive sized candle which is extremely bullish. BUT please note this candle has NOT yet closed. We must wait for tomorrows (friday) candle close. If we do close at these levels and we are above orange trend line. In my opinion this is extremely bullish. As this will wipe out the last 4 bearish candles. The candle also shows there was massive buying from $10.37.
We are also approaching the yellow line which is the 21 week moving average. This is crucial as for all assets, if we move above, confirm and it acts as support it signifies at the very least a couple of weeks to many weeks of movement to the UPSIDE.
We are also approaching the trend resistance downsloping trend line. THIS IS MAJOR RESISTANCE since January 2021. If we manage to get above this, in my opinion will be a big sign for LMND to have seen its bottom.
But we have to be patient. Take it week by week. We can also see prices move sideways, as bottoms take some time to formulate.
Now, as mentioned in my previous charts (posted below), i was wrong in the short-term price movements. I did not expect the drop of price to $10.37. I was expecting a move directly to the red trend line. But notice how we reactd to the white trendline, with this massive engulfing bullish candle.
ALso my thesis on the BULLISH DIVERGENCE has strengthened even more, after the drp to $10.37. And notice since we are in the weekly timeframe. The move that may ensue, if i am correct about the divergence can be a massive one.
Bullish divergence is highlighted by the white trend lines drawn in the price action and the RSI indicator.
ALso just note, at $10.37 we were down 94% from the top at $187.00.
**********Also note to take a trade, we need to wait for next week candles close and look for confirmation candle patterns printing. It is still possible for tomorrow to be a down day and it closing below the orange trend line************
NOTE also in the RSI. -> we are breaking out of the trend resistance trend line. Forming a higher high. We are also above the yellow moving average. This is bullish if we close tomorrow above these 2.
CONCLUSION:
Though i was wrong in the short term about price action, all in all it may be in a consolidation phase. A BULLISH divergence is also in play, currently with the RSI spike to the upside, might be playing out as we speak. We do have to observe the close of this current candle, as it being a weekly candle, we must wait and see what tomorrow brings. If we end of closing above $13.88 tomorrow, we must see what next week brings. Its also important to note the size of this candle, if we are bigger than the previous red candle come tomorrow, this is a good sign. It shows buying. RSI is also breaking trends and creating a higher high after 1 month. Overall things are looking good but we must exhibit patience. Next couple weeks is crucial for LMND.
Hope this helps. If you have any questions on TA, please comment. Let me know alsow hat you think. Please boost and follow if you like this content. I will be putting up more updates on LMND as well and will be closely observing since i am holding a position.
DISCLAIMER: This is NOT fiancial advise, i am NOT a financial advisor. Everything expressed in this post and all my posts are just my opinion and for my own educational purposes. When making trades, please do create & follow your own strategies. Make sure you focus on risk management and protect yourselves with stop losses.
LMND - UPDATEHi guys, quick update on LMND.
Ive had my eyes on LMND for weeks now, after it was playing with its MAJOR DOWNTREND RESISTANCE LINE, indicated by red line. Which dates back to January 2021 at the highs of $186 ish.
I am currently in this trade with entries around 13.70 to 13.90. Just note to myself, i entered a little pre-maturely, as earlier this week would of been a better time to enter. But theres no crystal ball in trading and im content.
So this week we accomplished creating a bullish divergence where price action is pointed downwards with a lower low but indicators are pointed up with higher high (the more indicators showng this, the better (known as confluence)).
My target will be the re-test of the Major trend line in red. We will also need to observe whether or not we break through, if this bullish divergence will give enough momentum to be able to break the red line and CHANGE TREND. We are technically in a downtrend until the red line breaks. That will give me confidence, with confirmation i will likely add to more long term positions.
Another thing to note, it a potential double bottom formation, indicated by the red curved lines under price action and green curved lines under the bollinger bands. We've also add some price action below the lower bollinder band, which could of been solid areas to buy.
Also note that the lower band of bollinger is curving up, indicating a move to upside.
Now some developments in indicators:
STOCH RSI is crossing above the 80 level, and is maintaing bullish cross. Watch this. We want to stay above here. Any cross back down below 80 level will indicate potential momentum to downside.
MACD has had a bullish cross. Which has given the momentum of this recent 20%ish move.
RSI has spiked also to upside. I want to see it move past the white line drawn, to create a higher high.
CONCLUSION:
All in all, things are playing out as thought. Lets continue to monitor price action. My target is the red line. We will have to see how it reacts, if it will have enough juice to break through and finally reverse its downtrend of 2 years.
Thank you! Hope this helped! Please boost, follow and comment! Check out my other charts on LMND and also check out my analysis on other assets as well!
DISCLAIMER: This is by no means financial advise. The ideas expressed on my posts are only my opinion and for educational purposes. When trading please do protect yourselfs by creating your own fool proof strategies and maintaining risk management with strategies & stop losses. Be safe.
LMND - BULLISH developmentsHi guys. Been keeping an eye on LMND last couple weeks as it was interacting with a major downward sloping resistance line dating back from its TOP in 2021. Shown by the red sloping trend line.
This is on the Daily timeframe.
I will interpret 2 things:
1. Price action
2. Indicators
Firstly, price action seems to have bounced beautifully off the 12.81 low. TOdays candle particularly is extremely bullish engulfing with a lower wick. If we close like this, it screams bullish in my opinion. On top of that with the previous 12.81 low, we are now setting up a potential double bottom. This is also bullish.
Also note the bollinger band (BB), how fridays candle we wicked below this. Usually this is a great area to pick assets up. Especially when a higher low is expressed with the lower bands of BB.
Now note the indicators:
RSI is forming a bullish divergence, where indicator forms higher lows (pointing upward) acting inversely with price action which is normally forming lower lows (pointing downward), but in this case its sideways or flat. So a atypical divergence but divergence never the less.
Stoch RSI is also below the 20 level but has crossed bullish. Expect it to cross above 20 level which would be confirmation. But generally with other signs that scream bullish i do like this to be below 20 level in some instances.
ALso notice the MACD, it seems like with the small sized red rectangles of histogram that bearish momentum is weaning off and potential bullish momentum cross is likely to occur soon.
Conclusion: Things are shaping up for this to be a nice swing trade. With a potential double bottom and bullish divergence, on top of bullish crosses in both STOCH RSI and MACD.
I have taken a swing position with stop loss below the Red support line of 12.81.
PLease let me know what you think. Please boost, comment or follow for more TA analysis.
DISCLAIMER: This is not financial advice. This is for educational purposes and to express my ideas for improving my skills. Please when trading you establish your very own strategy with risk management in mind especially utilizing stop losses and other means. Thanks
LMND - Major Area to be watchingHi guys. Lemonade, Inc. has caught my attention with its recent price action. This will be strictly TA based, as thats what im into.
Jumping right in. This analysis is on the Daily Timeframe. Ill probably have more charts up looking at larger timeframes and updating when i see fit for each timeframe.
So on the chart we have:
1. A green box - which is in my opinion a major consolidation area / potential buy zone for long-term investing
2. White lines - Major RESISTANCE lines
3. Orange lines - SUPPORT lines/ levels
The lines are numbered so compare explaination to number system i have
EXPLAINATION
White Resistance lines (numbers here reflect numbers on chart):
1. This is MAJOR MAJOR MACRO RESISTANCE, indicating a downtrend since our HIGHS are January 2021.
2. This was major support turned resistance dating back to March 2022.
We have been last 2-3 weeks battling these 2 major areas. It is a very crucial point in the price action of this asset, ESPECIALLY line #1. If it can confirm above these lines, we have major major trend change and a possibilty that the bottom is in for this.
We have recently however been pushed down from above. Having difficulty in keeping above these lines with major selling pressure.
OBSERVATION: In this recent price action, we had 8 days above this #1 WHite line. Compared to previous history, its the most days we've been above this line, EVER. So my opinion BULLS are fighting real hard to break this BEAR TREND of 2 years.
Orange Support lines (numbers here reflect numbers on chart):
1. Major horizontal support here, some major buying taking place, keeping us above this. Since its a daily candle we need to continue to see how price reacts.
2. Major Support trend line, dating back to December 2022. Currently reacted well, is supported by it.
#1 and 2 orange lines, we have confluence here of major support. This is a good sign atleast for now. We had a nice wick indicating buying from these 2 levels, keeping the recent uptrend from December INTACT.
#3,4,5 are the next support levels to look at, if #1 & 2 break.
If we hit #5 and or the lower aspect of green box (green line), somewhere down the near future. This could indicate a double bottom and is massively bullish.
Anything below green line would be worst case scenario but thats low probabilty fo now. And would only discuss if probabilty increased.
I also added a INDICATOR.
RSI -> So here i have 3 white lines. Keeping it short, we need to keep support on these lines, break above all of them and create new higher highs on RSI and go above the Yellow line or MA to show strength.
If we confirm above White lines #1 & 2, i will most likely enter a long as it could be a nice growth stock to add (in my opinion).
So lets see what happens.
We need to observe this, since we are in this critical time in LMND price action.
Let me know what your opinions are, if you see anything bullish. I'm not a FA guy, so also if theres any positive news i should be watching out for let me know.
Boost, COmment, Follow for more updates on LMND. Check out my other ideas in my profile.
Disclaimer: IDeas expressed here are my opinion. this is not financial advice. I am not a financial advisor. Please trade responsibily, perferably with stop losses. Thanks.
LMND Bottomed Out?I think LMND is in a large inverse fibonacci pattern, with the lowest possible being this 618 extension. Any extension lower would put the stock into the negative, so by default, I believe the 618 is the lowest. I believe some consolidation was needed after hitting this extension because the price needed time to get around the MA on the larger time frames/MA's to flatten on the smaller time frames.. hence, the wedge we see. This week, a day candle finally cleared this wedge, and I believe we started a much smaller regular fibonacci (not inverse), that had a 786 retrace. I'm looking for a 227 extension touch of this fibonacci, and ideally, a 618 around $23. I believe the bottom of this stock (for the foreseeable future anyway), has been touched, and that the price is now in consolidation mode while working it's way up. Also, the large overall trend line from the ATH price has been cleared, and I think that is a good sign.
*Not trading advice, just personal analysis. Trade at your own risk.
Drink it down!Lemonade
Short Term
We look to Sell at 22.81 (stop at 25.17)
Preferred trade is to sell into rallies. Trades with a bearish descending triangle formation. Previous resistance located at 23.00. The medium term bias remains bullish. There is scope for mild upward pressure at the open but we look for selling interest to resist gains.
Our profit targets will be 16.20 and 15.01
Resistance: 23.00 / 30.00 / 60.00
Support: 16.20 / 10.00 / 5.00
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$lmnd reporting good earnings?A recent wedge i've noticed in lemonade stock could show that lemonade will have a rise in price around the end of February. This will likely be due to better than expected earnings but in the absolute best case scenario would be due to a tesla partnership which was sort of danced around in the last earnings call.
Lemonade Forecast!LMND is oversold - Retest of 50 day EMA - 21 week EMA is expected. This will correspond to the wave 4 target, which also happens to be the top of the channel trendline. We are in a zig-zag corrective structure which means a fifth wave to the downside is expected post retest. We are, nevertheless, in a downtrend channel!
LMND Lemonade Investment Idea Main PostLMND is at a very attractive price, it is a great idea to put it in the long term investment basket. Below we are going to discuss Fundamental analysis as technical prices can be shown on the chart.
LMND management and board:
1- Founder and CEO: Daniel Schreiber
From His Linkedin page we can see that he served in the following companies and positions before being the CEO of Lemonade:
A- Alchemedia, Inc as Co-Founder and CEO: this company been acquired by GroupM which is a Global media investment management company for WPP’s media agencies including Mindshare, MediaCom, Wavemaker, Essence. We do not have a lot of information on Alchemedia except it is a media planning & buying agency in South Korea.
The only strange indication is that this man does not sit in one country. From Korea to USA to Tel Aviv. Anyway lets continue.
B- M-SYSTEMS as a Vice President, Marketing & Business Development: This is a technology company that create and invent hardwares. Also not much dedetails about the company except their website is in Greek language. This is another indication about the person being a traveller.
C- SanDisk as Senior Vice President and General Manager of Mobile Network Operators: Now we are talking about holding a high position in a company with international brand name. He worked from 2007 to 2011 in multiple positions and responsibilities, being 4 years in such company mean that he is doing good work, there are multiple long job descriptions for positions he held in the SanDisk but I am not going to go through them all.
D- President and Board member of Powermat: Powermat Technologies Ltd. is a developer of wireless power solutions for consumers, OEM and public places. The company licenses IP, sells charging spots to public venues and the software to support their maintenance, management and consumer interaction.
E- Founder and CEO of Lemonade: Discussed.
The second guy of Lemonade is Shai Wininger, is guy is a legit person, lets go through his profile:
A- Co-Founder CPO, CTO of Mobideo Aerospace: Industrial grade analytics and control platform, connecting workforce data, machines and people.
B- Non Executive Co-Founder, Board Member of Santa Inc
Santa is the next generation of retail, a new kind of shopping experience that magically brings a personalized store to each customer’s door within minutes. The Santa app notifies users when nearby and facilitates the discovery of premium products curated from top national and global brands as well as local artisans and small businesses—spanning from fashion and home decor to toys and electronics. Customers can experience Santa’s assortment in their home with no commitment before the purchase is completed in the app. Santa is now serving residents of Frisco and Plano. To discover or download Santa, visit GetSanta.com
C- Founder of Fiverr since 2010. I do not think this company need any introduction.
This guy is a machine but I am not sure whether he going to settle in this company LMND or will also move from his position and open the next company as insurance companies really need care and continuing reputation caring.
And the third wing of Lemonade is Ty Sagalow, his profile include
Board of Advisors- Metabiota, Senior Advisor of BlockRe, CEO of Innovation Insurance Group, LLC,
He even wrote a book about founding Lemonade called The Making of Lemonade.
I will continue with Business description and insurance industry below.
LMND TA (F… me overthinking)Hi guys so I LMND tbh I following LMND for about a week and even tough everything told me to take the trade, the risk reward ratio told me to not I personally love to take risk reward ratio of 1:3 at least. So yes I missed this trade and I won’t get into this now. What I want to tell you guys that you will always miss some good trades that shit happens but the market have tons of opportunities.
LMND looking primedLemonade is looking very promising and seems to be at a great buy opportunity currently. It has formed a very nice triangle that it is coming to the break our point of one way or another. Divergence on the Histogram and a Daily MACD cross up. Looking to take profits somewhere about $165ish. Could hit ATH by end of year though.
$LMNDLemonade is trying to disrupt the traditional insurance market with an all-in-one AI-powered app that insures customers within 90 seconds.
This approach, which bypasses the byzantine process of buying insurance plans has made it a popular platform for younger and first-time insurance buyers.
Lemonade also faces similar tech-forward competitors in the online insurance space, and the ongoing expansion of its ecosystem with new features (such as its upcoming auto insurance platform) could squeeze its margins and spread its resources too thin.
If Lemonade can gain millions of new customers over the next few years, it could certainly disrupt the insurance market in the same way.
When we look at the technical side of things. Lemonade has been forming a possible symmetrical triangle since nearly from going public.
We also have the MACD curling on the daily and just came out of oversold territory.
This might be a stock you want to keep your eyes on.
- Factor Four
LMND ~ Multiple Support levelEvery circle in the chart is pointing out a test of the support level at $80 approximately. As you can see, since the IPO, we have tested this level multiple times.
The arrow in the RSI shows a positive divergence, where every test had a slightly higher level. Unfortunately, if you used this method on the range from early March to late April, you would have gotten stopped out most likely as we had a failed breakout.
We are getting another potential setup, as the RSI is once again diverging, and we are testing the same support level. The one thing different aspect with the latest positive divergence is we never got under 30 RSI; which is a signal of strengthening.
LMND Can this growth stock see ATH again?LMND Daily TF
Analysis
After a steep correction to 58 from ATH in January at 180s... Lmnd is looking primed for a downtrend breakout. The AI driven Insurance company has grown from homeowners & renters insurance to pet insurance and now planning to get into the auto mobile insurance which gives a good outlook for growth in the coming years. The stock price is currently trading under the 20 ema and experiencing quite a bit of price action between 80-100 range the past few months. So its possible we see some range buyers coming near 80 with ER approaching to give LMND a nice run up into next week. Looking to start a position if we can get a dip to 76-80 range or reclaim 90 and hold.
PT: 100+
Key levels
Support: 80.22, 76.09, 68.93
Resistance: 93.62, 99.93, 115.80, 137.10, ath
Ways to Play
1. Shares (short term trade/long term hold)
2. ATM/OTM long call option contracts (2 week+ exp/ 80-90cs)
#LMND Breakout on daily#LMND Entrance at 113.31 breakout has confirmed, just waiting for a peak to be passed at that price level and then it will likely fill the gap from 119 to 126, that can be your first take profit, the second would be all the way up at 166. Option premiums look good, I would anticipate this movement to last 1-3 weeks, but it will move fast above that 113.31 level. Plot your stop loss to your personal tolerance. This is not financial advice.