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Are the Dominoes about to fall?December 2022 saw Domino's reaching a high of $567.57 before reaching a base of $285.84, a drop of 50% from the highs. Since then, DPZ has rallied with the rest of the market, up 22% YTD aat press time, seeing a level of sell pressure as it dances around the $500 mark. Looking at the daily timeframe below... ...you can see a topping out structure as the C wave of a larger wave B approaches the 1.272 fib . This, I suggest will be followed by a Wave C of your larger A-B-C corrective pattern, targetting the 1.272 or 1.618 extensions of the wave A ($567.57 to $285.84). The targets are as follows: - 1.272: $209.03 (-58.37%) - 1.618: $164.87 (-66.93%) Looking at reasons for this, I can't find much. The one thing I do find worrying is the company's nagative equity situation. In their Balance sheet for the year end 2023, Domino's reported $1.77bn in total assets and $5.84bn in liabilities. A worsening of this situation would definitely be a cause for concern. Since much of this is most likely property debt, with a slowing down of the housing market, and potential reversal on the cards(?), my thesis would be that Domino's would no longer be able to afford their properties. Anyway, let me know what you think....and if you'd choose Domino's over pizza Hut. Cheers for reading
NYSE:DPZShort
by joshuashepherd877
PZZA - Papa Johns Potential Swing setupHi guys! This is a Technical Analysis on PZZA/ Papa Johns Pizza and its current price action showing a potential swing trade set up in my opinion. Lets jump right in. Note this is on the WEEKLY Timeframe. I am currently posting this on Thursday so current candle is not yet confirmed. Wait till friday's market close. And trading weekly candles it can also help to wait for the next 1 or 2 week candle closes for Confirmation. BUT i will do MY VERY BEST to keep you updated. (So follow me if your interested) Okay FIrstly PRICE ACTION: Current movement is breaking out of this Red Sloping Resistance line from our TOP (December 2021), We need to see if we stay above this, and it act as support in coming weeks. We are also moving above the GREEN Moving average, the 50 DMA, which we've been below about 5 months or 20 weeks. So it can be probable that we stay above it for atleast couple weeks, at the very least. Since we havent in some time. This move or MOMENTUM comes from testing and confirming SUPPORT from the convergence support line of the 2 white support lines from previous history dating back, December 2008 and July 2018, respectively. ALso note, the 2 green curved lines drawn, this indicates double bottom, which could also be adding to this upward move. My Target is where the RED Horizontal resistance line and BLUE moving average, the 100 DMA CONVERGE. For a return of 14%, before a possible PULLBACK. Now with PRICE ACTION, i combine some indicators usually momentum indicators to see whether or not certain areas will have enough or continue to have enough momentum to push through. Firstly we have the RSI -> The most important thing for me is to create a higher high on the RSI above this HORIZONTAL WHITE LINE. If we are above it come end of Friday, i see it as a good sign. Next we have the MACD. Notice we have a bullish cross, where blue line is above orange/red line with dark GREEN Histograms growing tall. -> You wanna see this for bullish case. Also notice how the white sloping line, highlights how the RED histograms have been getting smaller, showing waning bearish momentum. We are also below the 0 level, if we can get above this with the Bullish cross of the blue/red lines, it can be extremely BULLISH. It could have enough momentum to push passed the RED HORIZONTAL line @ $96.00 So keep an eye on MACD, in next coming weeks. Next is ADX & DI. Notice the white box, coinciding with December 2021 TOP. This was BEARISH indicated by RED line on top of Green line. Now coming to recent action, GREEN line is now crossing over red. Notice the WHITE horizontal line, if Green line can move above, this will indicate a higher high and a good sign. Also the white Moving average, can play a factor. If it crosses the green line when the green line is above red line, this can have bullish indication. Notice the previous history and the green circles highlighting the crosses. Lastly, the idea of BULLISH DIVERGENCE is a possibility. This is when Price action has lower lows but indicators show higher lows. WHen this happens, price action eventually catches up to match indicators with massive gains to the UPSIDE. Notice the RED line in RSI, indicating higher lows. But price action showing double bottom or sideway action. This could be a variation of a DIVERGENCE but also could mean the divergence hasnt formed yet, implying a future PRICE DROP creating a lower low. CONCLUSION: All in all, many things are happening in PZZA price action, indicating a battle for trend reversal. Weekly charts help show a more macro view of whats to come compared to Daily charts. We have a potential break of a MAJOR resistance line from December 2021 top, a reclaim of the 50 DMA, and a move of atleast %14 happening. We could have a potential double bottom formation with a bounce from converging support lines, in play. Indicators also show probability of momentum still left in the tank for prices to continue Up. On the downside, there is always chance of price moving down, and a potential of a Bullish divergence, though a great sign overall could mean a short term price drop for it to play out. Anyway i hope this helps. Let me know what you think by COMMENTING! Please, if you like this analysis, do boost and follow for updates/ other charts on all kinds of trade-ables. DISCLAIMER: I am not a financial advisor. This is not financial advise. This is my opinion and for educational expression. Risk management should always be a majority of your strategy, do practice proper risk management and issue stop losses. Thank you.
NASDAQ:PZZALong
by SafofAllTrades
PIZAUSDT🍕will go to moon Again🚀on the appointed dateHello my friends, It is possible that history will repeat and the price will fly again on May 22 due to Bitcoin's Pizza. I've to say that it's a meme coin and this is high risk It is not a financial advice so be careful and have a stop limit and capital management. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me . Salam be doostan, in ehtemaale vojod dare ke tarikh tekrar beshe va gheymat dar tarikhe 22 May dobare parvaz konad bekhatere dastane pitza bitcoin. bayad begam ke in meme coin hast va risk khili bala. tosiye maali nist va lotfan modiriyat sarmaye va risk dashte bashid. moafagh bashid. like va follow faramoosh nashe :)
Long
by ArashBanakar
1
JUBLIANT FOODWORKSBUY basic understanding: Stock has seen high selling pressure due to management changes and below expectations financial results. They are short term in nature and company should able to resolve it in few months. Also JUBLIANT FOODWORKS is one of the best performing stocks in last 5 years. Technical Analysis: JUBLIANT FOODWORKS is around 40% down from its 52 week high. it is trading in strong support range from 2500-2600 levels and 200 week ema. RSi is also in over sold levels.
NSE:JUBLFOODLong
by prabalworks
DPZ - Pizza Anyone?Hello everyone, if you like the idea, do not forget to support with a like and follow. WEEKLY: Right Chart DPZ is overall bullish trading inside the blue rising broadening wedge, and now approaching the lower blue trendline so we will be looking for trend-following buy setups on lower timeframes. DAILY: Left Chart DPZ is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. Trigger => Waiting for that swing high to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated , DPZ would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:DPZLong
by TheSignalyst
7
Domino's Pizza Sell Setup Forming! Pizza, Anyone?Hello everyone, if you like the idea, do not forget to support with a like and follow. Left Chart: DPZ is sitting around a strong resistance in green from Daily timeframe, and upper brown trendline so we will be looking for trend-following sell setups on lower timeframes. Right Chart: on M30: DPZ is forming a channel in red , but the lower red trendline is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple). Trigger => Waiting for that new swing low to form and then sell after a momentum candle close below it (gray zone) Until the sell is activated, DPZ would be overall bullish and can still test the upper bound of the resistance or even break it upward. And of course, as DPZ approaches our lower blue support, we will be looking for buy setups. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:DPZShort
by TheSignalyst
33
DPZ - Dominos Pizza - WEEKLY Setup - Buyzone w/ CAD + TargetsDPZ Entry = 380 Cost Avg Down (CAD) = 352 1st Target = ATH (434) 2nd Target = 485 HODL Target = 516+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
NYSE:DPZLong
by UnknownUnicorn7216011
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