PathUipath - Its Popularly known for Automation Software. It has Formed the Double top Pattern and it gave fall perfectly and Bounced back from Support 1.
The First Target should be 15 & the second target is 18.
If it breaks the Rectangle Box and below 12 then it can fall upto 10.85 .
Disc: Only for learning Purpose and not a trading Recommendation.
PATH trade ideas
$PATH -67% DISCOUNT (52-WK) -77% (ATH)!UiPath is risky but good stock if you are thinking about adding a robotics and automation stock to your watchlist/portfolio. It is currently showing a possible sign of basing and reversal, but I think it has a way to go down! Any entry below $25 is Great! The stock has time to recover because it's based off the future and not the present.
Oversold, 10% bounce from $21.x?$PATH continues to be in downtrend (as highlighted in my previous post as well).
Price is currently oversold and knocking the boundary - which could potentially give us at least 10% (when traded Long). I like how this stock continues to ping pong in the channel, and the markings helped me pick a $20.7 price yesterday. Next resistance is marked on the charts.
What do you guys think?
Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
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nice retest bounce! looking for a rally here now if it holds 👀path recently broke this this small trend channel and did a retest bounce. Textbook bullish pattern! love to see that. stop loss should be a break back into bearish trend channel, my targets are 43.57-49.62-55.67 like and follow for more! 💘
PATH UiPath Investment Idea - Main Post$PATH
I think this is a great business that can potentially double or triple over the next few years. UiPath is a company that provide RPA SaaS tools that help. Lets Analyse the company slowly:
Business Model , what they are all about:
- RPA mean Robotic Process Automation ; this is a software system that emulate human action repetitive tasks, software robots can do things like understand what’s on a screen, complete the right keystrokes, navigate systems, identify and extract data, and perform a wide range of defined actions. But software robots can do it faster and more consistently than people, without the need to get up and stretch or take a coffee break.
UiPath uses artificial intelligence to analyze tasks while workers are doing them, identifying opportunities for users to automate certain processes after seeing them done only a few times. The platform includes specific tools to get ideas from employees on what to automate, to find patterns in workflows that are ripe for automation, and to build end-to-end process maps that improve key performance metrics. Users can often develop their own automation tools with the help of UiPath's robot-building tools, and the platform handles key issues like cybersecurity, compliance, and IT governance. UiPath even offers training and other resources to help users become as productive as possible.
Founders and the management:
- Daniel Dines: he is a Romanian Businessman, taught himself programing at young age and over time he was able to have a job in Microsoft, being in professional work environment really provide a positive sign about the person future, he later took Masters degree in mathematics and computer science (another formal education that show commitment and discipline that most of people lack). Another positive characteristics of Daniel is he is an avid reader and wanted to be an author previously, this impact on how deeply he know about the industry he is working in and the level of involvement can be.
They have solid management too, for that visit this page: www.uipath.com
I went through key people and checked their history and everything about them seem positive.
Partners:
- After having a look at partnerships that the company have, this is definitely going to scale in the future. Partners include:
- EY, Delloitte, Pwc (three of the big 4!), IBM, Accenture. Just to name few because they have 75 pages on their website showing their partners. EY is an audit company and they adopted UiPath software globally, you do not expect two of the big fours to act and adopt a software without providing a real value for them. I have been personally reading since 2014 that audit firms are pushing to automate process in order to have more time to focus on products and procedures that are relevant to value adding services to customers. Just google it.
Share price:
- Even though the business model and market industry show potential growth and expansion, the company stock never went up that much, even in IPO period the price went up to around $90 per share and it went down now for less than half. The reason can be due to the broader macro-economic situation.
It is important to look at the price range to enter from, I personally see downside potential to reach around 35 in the current market conditions, if the Federal reserve increase interest rate also in the first quarter 2022 as they have just indicated, we can also expect the stock price to fall further more.
I will be monitoring the price of the company and then I will be buying in small bulks every time the stock go down until I make the company become 2% of my overall portfolio.
Competition Risk:
Also, UiPath's partner-focused business model has worked well, but we'll be looking to see how potential competitors respond to its success. If UiPath were to lose key partners for competitive reasons, it could potentially change the industry landscape adversely for the company.
Competitors mainly include Blueprism and Automation Anywhere.
Financial Information:
A quick look at the company financial information, we can find the followings:
- A sign of expansion and growth: revenue is growing YoY
- Making operating profit
- the company is still making net loss, even though its balance sheet show great cashflow numbers, the company still showing accumulated deficit, even though this is a normal thing for new companies that are spending money on sales and marketing, yet we need to know when the company will show a positive sign or reversing net loss effect.
Overall the company is a solid one. I will not be buying now but definitely a one in the watchlist
i see the path to $65I think path is bottoming here off a weekly 9 (which has flipped to a green 1). Friday's closed is very important, ideally we finish near a high for the week. I see a rebound to the $65 dollar level and then making a higher low. This is a good company worth sticking with long term.
$PATH reaching that 50% markanother IPO I'm watching that is reaching its 50% drawdown from IPO high. IPO tends to react or reverse at those levels (if it's a good business).
We also have finished wave 5 down target. Nice up volume day on Sep 17.
Just a watch, I would wait for a great impulsive move before entering. Bottom might come in the form of daily Sequential or Combo 13.