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PELOTON INTERACTIVE INCPELOTON INTERACTIVE INCPELOTON INTERACTIVE INC

PELOTON INTERACTIVE INC

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PTON trade ideas

PTON 7-Month Head and Shoulders Pattern FormationI have been monitoring PTON for a little while now and recently bought some puts on the stock. There is a massive Head and Shoulders pattern that has been formed over the course of 7+ months, starting in late September 2020. This stock was looking bearish when I opened the puts, as can be seen with the MACD crossover and many other indicators. The H&S chart pattern and the sell signals from a multitude of indicators coupled with the recent concerns about the safety of Peloton treadmills provides a golden opportunity for investors looking to make some money on the strong downtrend that this stock will potentially experience. Currently, I am waiting for the breakout below the neckline for confirmation of the H&S pattern to open some more put positions. I will update this idea with more information as price action continues to flow. Please like this idea if it was helpful and let me know how I can improve my ideas! I am always looking to better my techniques and analytical skills, so I welcome any constructive criticism. I will be posting many more ideas in the future, so consider following if you would like to see them. Happy trading, everyone!
NASDAQ:PTONShort
by Sri2Trill
1
PTON Head and Shoulders PatternA lot of you may already be aware of the unfortunate news involving the New Peloton ($PTON) treadmill where a child unfortunately passed away from an accident. The stock price has since continued to fall from their ATHs that was created from the At Home Workout Craze caused by the COVID-19 pandemic. It is obviously heart breaking to hear the stories and also know there have been a lot of reports of accidents involving the $PTON treadmill since it's release. But something to keep in mind, there are thousands of accidents a year involving treadmills in general. I am NOT belittling the unfortunate event but accidents and injuries are always present with workout machines/weights. But people continue to workout at home or go to gyms everyday. As you can see from the chart, there is a Head and Shoulders pattern unfolding where the ~$100 is acting as support. This pattern is obviously Bearish so in the short term, I think we could see $PTON fall further. However, in my opinion the long term out look once these issues are corrected, is still Bullish. I believe individuals will still continue to purchase the $PTON equipment and pay for their subscriptions. Working out at home will never die and $PTON will continue to well in the space. Let me know what you think. I would love to hear opposing and agreeing thoughts on this.
NASDAQ:PTONLong
by JWalhood
Spaghetti of $PTON Just in Case!Followed by new headlines regarding machines warning! here is using Gann Fan for both trends and fibon.. lines with ichimoku clouds . it is wide range between 160 and 75 . Key entry for bulls to close above 130-132 and targets are 141 and 157 . from other side bearish signals starts, if closed below 111 then it will open the gate to so many supports lines at 109-107-105-100-98 then targeting 85 or 75 which is extremes bearish target . if coming earning will be good surprise then the bull wave trend will continue to new all time highs near 200-220 levels which may take some time..
NASDAQ:PTON
by WinnerTrader99
2
Bullish on PTON (This is not financial advice) Hey everyone this is a great swing, long term, or day trade play on Peloton. Overall I am very bullish on the stock and really like the company and have played it many of times before. For this play I am currently charting it for more of a swing or long term play because I am looking at the fundamentals of this company to look at adding it to my long term portfolio. I like this play because we have seen good rally over the past few days after a strong dip down from its ATH from the pandemic. We are currently in a head and shoulders and I have highlighted my current buy zones. We see a good buy on the MACD that looks similar to what it looked like before the previous jump. I also set up some short term price targets and resistance for swings. For day trades I mean the whole market is rallying right now is bound for a small correction soon and a very sizeable one in the near future. I do see PTON continuing this rally for a little bit long though so I can see some day trade plays working. Back to the long term the EMA's are just about to cross back under allowing for some new supports and more confidence for the bulls. People are worried that because this was a COVID play we will see a dip as vaccines roll out but I can see gyms buying this equipment and some of Pelotons new features like there watch will be awesome for the company. We see the price average on the volume portfolio moving up which allows for me to be even more bullish. If you agree or disagree be sure to leave a comment as well as follow if you like my ideas. Thank you! - Vlaire
NASDAQ:PTONLong
by vlaire
4
PTON, TIME TO BUY!Hello fellow traders and investors, here's another trade idea. This is an update on my previous idea on Peloton. PTON has recently pulled back to the support area, if PTON makes a full recovery it offers around a 30 to 35% ROI. Technicals: The Macd indicates that it's oversold and now in an uptrend When To Buy: Now When To Sell: I recommend selling at its previous high Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 226 which definitely isn't great however there is a good reason for that and it's because of their growth in sales of 128% Q/Q, an earnings per share growth of 192% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and unfortunately they still have an ROI of -5%. Rating: 70/100 the technicals are good but I don't like when the companies valuation is based on their future potential results however they do have amazing growth and a good business model so they deserve 70/100. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NASDAQ:PTONLong
by UnknownUnicorn11084119
1
PTON - More upsidePTON established a strong support at 94 after forming a double bottom there on 5th March. It rose for only 2 days before losing momentum for the next few weeks when it slowly became apparent that a mini Adam and Eve bullish pattern was forming. Today it gapped above the Adam & Eve neckline with RSI rising strongly >50 at the same time. For those who have yet to hop on board early today, it could be trickly to rush in now unless price could retrace a little over the next few days. I wwould put intial stop loss below neckline @ 111. Be mindful of earnings release expected on 12 May. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
NASDAQ:PTONLong
by Juliac
Double BottomUgly top and appears to have found a bottom, twice. so far. PTON appears to haveas well as forming an ugly top. It has pulled back beyond the 0.5 fib level and looks like a double bottom. Most Parabolic arcs pull back to the .5 to .618 fib level. Some fall more and some fall less. A security can be volatile after a parabolic arc so always be safe. Every security is different, but it would be unusual for a security to fly back to the top after forming an arc. But life is a gamble I suppose. It does look like support is forming at the 2nd bottom of 94.00 The first bottom is at 92.03. Double bottoms need to be close in price but not exactly the same price, and rarely are they the same. Double bottoms are very common and describe a change in trend and a momentum reversal from prior leading price action. It describes the drop of a security, a rebound, another drop to the same or similar level as the original drop. If the bottom holds, it becomes obvious that many are making a stand at that level. This pattern can instill more confidence in the bulls when they see the second bottom serve as support once again. The buyers become aware that the pattern exists and that confidence can help the bulls win the neverending battle against the bears. Not a recommendation. Stop losses can limit risk. On occasion, Mr market goes stop hunting it seems and takes the stock away from you only to see it fly up after you were stopped out by a penny )o: I guess we should always have an exit plan, a target we would like to reach as well as a limit to how much we can risk losing if a trade goes bad, and it happens to everyone. Some keep this level in their head verse setting an actual stop loss. I am by no means suggesting to place stops in your head because your head may not be in front of the screen if price tanks (o:. Buying close to support can help I think, as well as buying a security you have faith in.
NASDAQ:PTON
by lauralea
4