PTON weak buy volumeAfter the whole safety issue and whatnot, still seems people are skeptical of PTON, buying pressure was shut down by the bears today and looks to continue to trend toward the previous support at 93.99 Look for a break or bounce off 98.76Shortby jahoozy0
PTON, LAST CHANCE!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 55 to 65% ROI. Technicals: The Macd indicates that it's oversold The RSI is relatively oversold Bearish volume is getting exhausted and it looks like we might see some buying pressure 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 202.57 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 a profit margin of 5.60%. Rating: 80/100 the technicals are okay since this recent surge could act as a head & shoulders formation and the fundamentals are pretty good. 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.Longby UnknownUnicorn11084119665
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!Shortby Sri2TrillUpdated 113
PTON - getting close to head & shoulders formationPTON - could be breaking down significantly lower if the key resistance level formed by the left (supposedly) is broken down. Fundamentally, it would mean that investors are turning away from stay at home champions toward to investing paradigms. Let's observe and see. by ersuleimen14
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.Longby JWalhood0
Descending triangle break out. I'm thinking this turns bullish.On the 4H, we see a break out of the descending triangle. Also, seeing the MACD about to cross. What I'm worried about is the RSI is heading to the overbought zone. Possible move to $180? I'm watching to see what happens. NASDAQ:PTON Still learning. Feedback welcomed.Longby wujoUpdated 0
PTON Double BottomWatch out of yesterday's low near 104.70's. Breaking and holding below and we'll find 103.70's/101-100/98Shortby Kindredd2257
PTON: All eyes on meAll eyes on PTON today to see if it can hold it's long term uptrend line or whether it'll crash through it on the back of the treadmill issues: Sentiment would definitely shift if this goes down through it, as it's it could very much so go through its 200 day sma aswell - last few times this has held up relativlely okay so let's see if it will again. by TeaboUpdated 0
PTON - The Next big Short?$PTON 4HR Chart With many overvalued growth stocks, PTON is one due for a nice correction. Nice H&S setup with the right shoulder currently forming and getting near that 50 day ema. Under 115.37 looking at a short opportunity to 108.50-110 level, if price fails to hold that level we can see an overall move to 98.17. Over 125 will invalidate this and give a bullish scenario... possible long to 133 as 1st PT. by jUiCE_Trades333
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.. by WinnerTrader99Updated 222
PTON - looking for 109.80there are a number of possibilities, but for now, my target is based on the current W that is pulling back. Target should be about 109.80 (707 pullback on the W. From there, it can try to make a run up to 141 to test the B pivot of the larger M. If the low of the current M fails, then 91 is in play. Shortby RBS20240
PTON Rejection Bounce w/round downPTON was rejected off the upper part of the consolidating range. I expect this to make a run down to 109 where profits will be taken. Then letting the rest of the price develop to see if a second entry can be taken to drive price further down to the 100 range completing the rounding down formation. Shortby BBTrader293
PTON - ER Run Up PlayDecent risk/reward trade here on PTON if it's able to break the downtrend on the daily and 127.23. With QQQ at new ATH, I'm expecting PTON to pick up some tailwind and soar to new heights.Longby GlitchSPX0
History Repeating For $PTON, Anticipate Growth$PTON is forming a rounding bottom and a double bottom, just like they did a couple of months ago before skyrocketing. Definitely one I'm watching. Like and Follow :) Good Luck!Longby Investor43214
Movement is narrowing in, up or down?Hi traders and investors. This is my outline on the rough movements of PTON the coming 6 months.. I have no basis to evaluate fundamentally whether up or down is the right direction, more a guess on how it would move depending on which side "wins". always do your own DD. use this as inspiration. Regardsby nDam1
PTONPossible H&S hopefully it pushes through to new ATH's the narrative is still covid play, far from it! by thewindsor810
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 Longby vlaire443
PTON - Target ReachedOn April 1st, I initially posted a falling wedge chart pattern on PTON and said to keep an eye on it as it was trying to reverse off the 100 ema. I got in my position a tad bit too early and was down on my position a for a few days, I had bought 3x Apr 16 $125 Calls @ ($1.32 ea) Today I sold my 3x Apr 16th $125 calls @ ($4.09 ea)by ChaseMColvin3
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.Longby UnknownUnicorn11084119115
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 ! :)Longby Juliac0
Double Bottom on $PTON 1Y Chart$PTON is up over 20% the last few weeks and is seeing big momentum volume wise. I think $PTON has a chance to get back to $130 near term and has long term upside to test recent highs. Long $PTON since last march!by adgr63171