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Block Inc (Extended Hours)

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SQ trade ideas

SQ BLOCK - LONG IDEA Block Inc. (SQ) has been showing strong business performance in 2024. In the first quarter, the company reported earnings per share (EPS) of $0.47, significantly surpassing the consensus estimate of $0.15. Their revenue for this period was $5.96 billion, which also exceeded expectations. The company is expected to report its next quarterly earnings on August 1, 2024. Overall, Block is experiencing robust growth and has seen an upward trend in both revenue and profitability this year​
NYSE:SQLong
by rshandilya
$SQ - Wants to move badly, consolidating hardThis is a confusing one for me. The 1 day chart looks bearish as usual, no great volume, actual down trend on the RSI, macd indifferent, all technical indicators say bear/mid. But, that 4 hour chart, the Trend Meter and stochastics read bullish reversal. Did I just catch this thing before it popped? Check out the 1 day chart divergence channels. It effectively closed out of that range the past 2 days, but B(E)ARELY. Thinking the next few days will be a big indicator if we consolidate for another 1+ weeks or if this thing starts to move it's convergence to bullish.
NYSE:SQLong
by mike-ai-automation
3
SQ, preppin for MULTI-WEEKLY Price Growth! SQ recorded significant net buying / accumulation at the current range. Volume has surged 21% over its average numbers conveying buyers positioning in anticipation of technical and fundamental growth. SQ has dramatically overextended its multi year correction from a peak at 283 back in August 2001, a pandemic era. Recent price movement is hinting of a trend reversal. The stock is sitting at a 1.0 FIB level, this is beyond bargain / discount already. It is currently consolidating at a 4-year longstanding major support. This support range of 60-70 has been tested many times in the past and has proven its strength over and over. It is now currently bouncing off this range with precision. Weekly descending trendline has been broken conveying an impending trend turnaround. Histogram has registered new higher lows -- buyers are persistent on taking the price higher from the present price base. Fundamentally speaking, SQ last quarter earnings looks rosier than ever with EPS beating by 17.41% and a weighty $4.99B revenue, a 26% increase. Spotted at 67.0 TAYOR Safeguard capital always. --------------------------------- FINANCIAL DATA REFERENCE: Financials Quarterly financials MAR 2023 (USD) Mar 2023 Y/Y Revenue 4.99B 25.99% Net income -16.84M 91.75% Diluted EPS -0.03 92.11% Net profit margin -0.34% 93.41% Operating income -6.17M 96.15% Net change in cash 910.28M 133.09% Cash on hand - - Cost of revenue 3.26B 22.9% Mar 2023EPS beat by 17.41% EPS (USD) Expected 0.34 Reported 0.40 Surprise 17.41%
NYSE:SQLong
by JSAL
3
$SQ isready to FlyNYSE:SQ is currently in an accumulation area. Among all the stocks I’ve scanned forming a stage 1 base, this one has the best financials, prospects, product offering, and CEO. While the fintech sector has struggled, I sense a rotation coming soon. Don’t miss out on the original CRYPTOCAP:BTC company founded by jack. Other metrics you need to know about NYSE:SQ : **Each month, NYSE:SQ will invest 10% of their gross profit from #Bitcoin products into $BTC. **They are building the most powerful Bitcoin miner chips. **They have many products with millions of users.
NYSE:SQLong
by Gabriel-Dao
SQ Multi-Time Frame Detailed Analysis of dynamics & Trade EntryThis is what I love to do - Figure out the puzzle that is a stock chart. And when we make sense of it, we feel like we have the keys to the jungle. So now that we have the "foresight" we want to craft as detailed and mechanical of a system that we can to ensure to the most consistent extent that we get a good entry into a good position. Obviously my brain is in charge of making decisions and actually telling the story that's ensuing - but the market is doing it without my brain which is why I know there is a way to "automate" this to flow with the market. Every time I post a video for you all, it advances my knowledge and my ability to teach this to others and ultimately potentially an automated source. Hope you all enjoy these videos - videos like these are not for everyone rather for people who are actually studying this form of analysis and trading - but there's still something to gain if you're new as I try to talk generally about a lot of these occurences. Happy Trading :)
NYSE:SQLong
by ReigningTrades
BLOCK (SQ): Major Buy Zones Identified Amid Potential Upswing!BLOCK (formerly Square) has experienced a significant sell-off since its all-time high of $290 in July 2021, dropping to a low of $37. This marked the completion of Wave 2 in its price cycle. Currently, we are observing two critical zones: Must-Buy Zone : Between $33 and $51. Historically, the price has spent minimal but crucial time in this range, indicating strong market movement always follows a dip into this zone. Okay-Buy Zone : Between $51 and $87. This broader range also saw significant accumulation periods, specifically from May 2018 to March 2020, and again from May 2022 to the present. BLOCK's price dipped to the Must-Buy Zone recently but quickly reclaimed higher levels, suggesting a potential upswing. Additionally, a clear bullish divergence on the RSI (3-day chart) indicates a possible new momentum phase. Potential Scenarios: Retest and Reclaim : On the 12-hour chart, a retest of the high-volume nodes and Points of Control (POC) on the daily and 3-day charts might occur. If BLOCK retests these levels successfully, it could signify a sustained upward movement. Dip and Buy Opportunity : Should the price fall below these POCs, another dip into the Must-Buy Zone could present an excellent long-term buying opportunity, especially if the RSI indicates oversold conditions aligning with these price points. Given the bullish divergence on the RSI and historical support levels, there is a strong case for a potential upward movement. However, the risk of a further dip remains, making it crucial to monitor these levels closely for a strategic entry point.
NYSE:SQLong
by freeguy_by_wmc