PTON Peloton Buy area after a Massive Head and Shoulders The price target of the massive head and shoulders bearish chart pattern was reached yesterday.
Insiders sold around 500Mil worth of shares last year.
PTON went lower than its IPO price, $29 and is now trading in a consolidation area.
the price is not yet safe in that range.
My buy area is $18 to $24.5
Looking forward to read your opinion about it.
Pton
What are condoms for?'Protection!!! PUTS, PUTS, PUTS!!!
It looks like the SPY could form an inside candle with an upper wick retest of former trend line area (see circle), also on QQQ. And that's if we don't go any lower today; but seriously doubt we go higher. You can thank PTON for crushing the market as the news they released was super bearish; shutting down production of there bike and treadmill. As it basically means, 'anybody that wanted to buy stuff over the past couple of years, has' money from stimulus funds, investment gains, etc. They are just the first to say this, and wont be the last.
PTON - Potential Long on the 4HPeloton has seen over an 80% decline in stock price since its January 2021 highs. It could be ready to claw back some of those losses up to near term resistance at $46. Depending on the buy price, this could pose a potential 30%+ gain on this trade in what could be within a relatively short space of time.
I would look to take this setup if the break and retest of this trendline confirms with a bounce and close above the trendline. I expect this to be within the next couple of days or early next week at the latest.
Peloton, 5 Jan: Ready to buy?Peloton has lost -81% since January 2021. The pain and destruction in this chart are real. But we know that nothing goes up or down forever. JP Morgan finally downgraded the stock on 31 Dec, which is so unbelievably late that we may now take a contrarian position.
Elliott:
We are able to count 5 waves to the downside. The 78.6% retracement is at 29.
Geometry:
Price is approaching the lower boundary of the pitchfork/channel. Price responded well to the previous fibonacci levels within the channel.
Oscillators:
The Stochastic is oversold since Nov, and due to move up. The RSI shows a bullish divergence.
How to trade it:
PTON may drop further to complete the wave and reach the lower boundary of the channel. The idea is to pick the stock up at this level and to increase long exposure once we observe a higher high, indicating the break of the downtrend.
Peloton Interactive (USA: $PTON) Is Trading At A Steep Discount!Peloton Interactive, Inc. provides interactive fitness products in North America and internationally. It offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. The company also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2021, it had approximately 5.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.
Peloton, all phase of a bubble formation in market!Just look at this chart and see how after a 866% gain in 43 weeks peloton lost almost all of it in 47 weeks!
Looking at the current trend of decline in revenue, it may never get back on the past all times high!
No need to say rivals coming one after the other!
Price action trade could happen!
Do you know who created this bubble???
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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Eek look out below $PTON, next stop $68. H&S top confirmed.This is one of the ugliest charts I've come across in a while. It looks to be breaking down from a head and shoulders top w/ the neckline at ~$94.
Next stop at $68, with lower supports at $52, $43 and $34. Break one support and we'll see the next level down.
🔴 Online fitness is out of trendPeloton is an American remote training equipment company launched with funding through Kickstarter in 2013. The company is based in New York. The main product is an exercise bike that allows users to remotely participate in spinning classes that are streamed from the company's fitness studio and paid for through a monthly subscription service. Founded in 2012. Revenue $ 2.2 billion (1st half of 2021). Capitalization $ 13.8 billion
A trade on the breakout of the support level ($ 40.8).
Vaccine positive news, $ PFE vaccine effective against Omikron -> people will go to the gym more than exercise at home. Fundamentally, I don't like the company, I expect it to fall further.
1) Close of the daily candle under LOW.
2) Closing near the level.
3) Approaching the level on short candles.
5) Compression.
6) Accumulation near the level.
Long below $ 40.7 (entry by limit order)
Goal 1: $ 39.1
Goal 2: $ 35.85
Goal 3: $ 32.4
Stop above $ 41.8
NOT IRR
$PTON LONG VWAP/Average Price Analysis#PTON Average price ever paid for this stock was $79.04. Average VWAP price ever paid for this stock was $83.44. The earnings gap down happened at the same time many institutional portfolios rebalanced for years end, you can see this on many other stocks in early November. Mediocre but not bad earnings with increases in subscription services and with most money being reinvested into RD and marketing PTON is here to stay regardless of what others think with a great PEG ratio of -.03 indicating very undervalued. The next major demand zone is at 39$ the next major supply zone is at 80$ right where that average price ever paid is sitting. The likely move is a retracement test into that 39 demand zone and then a parabolic move back into that gigantic gap between $55-$80. Don't you think some orders might have been left in that massive gap? Current accumulation/Distribution volume indicates holdings equal to late September 2020 when the stock was at you guessed it the $80 range. Great play with the potential to double in price over the next 6 months to year. My choice would be JULY 2022 calls.
Peloton Dip Buying OpportunityThis asset and the whole market are probably overvalued but IF you are a Peloton bull and PTON doesn't go under, then this is a good an opportunity as ever after losing over 30% overnight. Could be terminating a third corrective move (wave C) of a bull flag forming since January and its down 70% from ATH. The bottom of the uptrend channel forming since being listed has not been formed but given the direction of important trendlines, this could be the area where the lower boundary is formed.
PTON: ARE WE GETTING THIS BOUNCE?PTON:
Winter is coming. It's cold outside. Shall we exercise at home?
PTON bounced off a big support at 82. Is the bounce over? I don't know.
Is it too late to buy? For a long term investment, not too late. For a trade, maybe not too late, but I like it only above 88.20-88.50
Targets on the chart.
Trade safe!
$PTONIn its most recent quarter, Peloton reported 2.3 million connected fitness subscribers. These members purchased a Peloton exercise machine and paid $39.99 per month to access Peloton's live and recorded exercise classes.
Overall, subscription revenue totaled $281 million in the fourth quarter.
Compare that to Peloton's total revenue of $936 million in the quarter, and it shows the bulk of its sales come from products.
That could be a challenge for the company because the products it sells can last for several years. That means once Peloton saturates its total addressable market -- estimated by management at 75 million households -- its sales could drop off significantly.
Peloton would then have to rely on existing customers upgrading older machines every few years.
The good news is that the subscription side of the business will bring in recurring revenue at higher margins. Indeed, the gross profit margin of the subscription business was 63.3% in the latest quarter compared with 56.8% a year earlier. And there is the potential to increase prices on subscribers over time as the company adds content. There is also the potential to improve the gross margin on the subscription segment as Peloton adds more members.
The cost of creating the content will be roughly the same, but it will be spread out over a larger audience.
Peloton has taken a big hit over the past month moving from $112 down to the mid $80s but in saying that, It looks like it’s found some support on the daily chart.
Whether it will hold or not, that’s another question.
Only time will tell.
Going into next week this should be on watchlist.
If price is able to hold it gives a good opportunity for a long but if it breaks below support, it also gives a good opportunity to go short.
Keep your eyes on this one.
Watchlist this.