FTDR/USD โ 30-Min Long Trade Setup!๐ ๐
๐น Asset: FTDR (Frontdoor, Inc.)
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Reversal Trade
๐ Trade Plan (Long Position)
โ
Entry Zone: Above $42.07 (Breakout Confirmation)
โ
Stop-Loss (SL): Below $40.39 (Invalidation Level)
๐ฏ Take Profit Targets:
๐ TP1: $44.97 (First Resistance Level)
๐ TP2: $48.47 (Extended Bullish Move)
๐ Risk-Reward Ratio Calculation
๐ Risk (SL Distance): $42.07 - $40.39 = $1.68 risk per share
๐ Reward to TP1: $44.97 - $42.07 = $2.90 (1:1.73 R/R)
๐ Reward to TP2: $48.47 - $42.07 = $6.40 (1:3.8 R/R)
๐ Technical Analysis & Strategy
๐ Falling Wedge Breakout: Price has broken out of a falling wedge, a strong bullish reversal pattern.
๐ Support Rejection: The price tested $40.39 support and showed buying pressure.
๐ Volume Confirmation Needed: Ensure high buying volume when price holds above $42.07 to confirm bullish momentum.
๐ Momentum Shift Expected: If price remains above $42.07, it could push toward $44.97, and further to $48.47.
๐ Key Support & Resistance Levels
๐ข $40.39 โ Stop-Loss / Support Level
๐ก $42.07 โ Breakout Level / Long Entry
๐ด $44.97 โ First Resistance / TP1
๐ด $48.47 โ Final Target / TP2
๐ Trade Execution & Risk Management
๐ Volume Confirmation: Ensure high buying volume above $42.07 before entering.
๐ Trailing Stop Strategy: Move SL to entry ($42.07) after TP1 ($44.97) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at $44.97, let the rest run toward $48.47.
โ Adjust Stop-Loss to Break-even ($42.07) after TP1 is reached.
โ ๏ธ Fake Breakout Risk
โ If the price fails to hold above $42.07 and drops back, exit early to avoid losses.
โ Wait for a strong bullish candle close above $42.07 before entering aggressively.
๐ Final Thoughts
โ Bullish Setup โ Bouncing from $40.39 support suggests a potential reversal.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.73 to TP1, 1:3.8 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ Hashtags for Reach & Engagement:
#StockMarket ๐ #TradingNews ๐ฐ #StockAnalysis ๐ #MarketUpdate ๐ฅ #Investing ๐ฐ #Trading ๐ #Finance ๐ต #ProfittoPath ๐ #SwingTrading ๐ #DayTrading โก #StockTrader ๐ธ #TechnicalAnalysis ๐ #EconomicNews ๐๏ธ #FinancialFreedom ๐ก #MarketTrends ๐ #StockAlerts ๐ #TradeSmart ๐ค #Bullish ๐ #RiskManagement โ ๏ธ #TradingCommunity ๐ค
FTDR trade ideas
FTDR - LONGFTDR shut the front door on me today ,
another name taken for a trade and because I likes its recent RS . But it is still only a 2/6 at this point , but could upgrade itself to a 5/6 pretty quick .
I like the way it moves overall and that its right at its GLB , not against trying again , this time it spanked me though .
In 58.70 to 55.48 , Result -1.1R
Might try again and if I do ill update n comments
Frontdoor (FTDR) AnalysisCompany Overview:
Frontdoor NASDAQ:FTDR is redefining home services, connecting homeowners with professional contractors for maintenance and repairs.
Key Catalysts:
Super App Strategy ๐ฒ
FTDRโs on-demand HVAC service is the first step toward a home services super app, integrating warranties and ร la carte repairs to maximize customer lifetime value.
IoT data from home systems is an underappreciated asset, with potential predictive maintenance applications.
Compounding Revenue Growth ๐ฐ
FTDRโs record 77.7% retention rate creates a compounding effect.
Every 1% retention increase adds GETTEX:18M in high-margin revenue.
The AHS app aims to push retention above 80% by 2025, unlocking $50M in additional cash flow.
Shareholder Returns & Market Expansion ๐
$119M in share buybacks YTD, reducing shares 5-7% annually, boosting EPS.
The pending 2-10 acquisition strengthens FTDRโs structural warranty business, tapping into a SEED_TVCODER77_ETHBTCDATA:2B + market growing at 6% annually.
Investment Outlook:
Bullish Case: We are bullish on FTDR above $51.00-$52.00, supported by retention gains, share buybacks, and market expansion.
Upside Potential: Our price target is $90.00-$100.00, reflecting strong cash flow, strategic acquisitions, and scalable digital solutions.
๐ข FrontdoorโRevolutionizing Home Services with AI, Data, and Innovation. #FTDR #HomeServices #SuperApp #StockMarket
Nice and simple Breakout on high relative strengthFTDR is a pattern breakout .
Even with the S&P falling more sharply and the NASDAQ rallying, FTDR is able to breakout from a base today on good, rising volume. A breakout under these market conditions shows high relative strength.
The fundamentals also look good. EPS increased significantly by almost 50% in each of the last four quarters.
The homebuilding sector has been stronger in recent months, although the Fed's decisions this week may have a greater impact here.
True leader! I'll buy it.
Frontdoor (NASDAQ: FTDR) Bullish PerformanceFrontdoor (FTDR) reported $524 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 8.3%. EPS of $0.94 for the same period compares to $0.56 a year ago.
The reported revenue represents a surprise of +2.14% over the Zacks Consensus Estimate of $513.04 million. With the consensus EPS estimate being $0.54, the EPS surprise was +74.07%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Frontdoor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
a. Customer retention rate: 76.2% compared to the 76.2% average estimate based on two analysts.
b. Number of home service plans: 2.04 million compared to the 2.05 million average estimate based on two analysts.
c. Revenue by Customer Channel- Renewals: $406 million compared to the $408.27 million average estimate based on four analysts.
d. Revenue by Customer Channel- Other: $24 million compared to the $13.22 million average estimate based on four analysts.
e. Revenue by Customer Channel- Direct-to-consumer (First-Year): $54 million compared to the $55.30 million average estimate based on four analysts.
f. Revenue by Customer Channel- Real estate (First-Year): $40 million versus $38.41 million estimated by four analysts on average.
FTDR Wedge BreakoutFTDR broke out of the wedge it had been forming from May until November.
It broke through it's $45-resistance and retested it.
This $45-line has been an important price zone considering it had:
Broken out in July '19
Failed the retest on Nov '19
Failed breakout from Dec '19 to Feb '20
Rejected March '20
Failed breakout May '20 to Jul '20
Very interested in how it behaves over the next few days, considering the possibilities of market drawdown.
FTDR setting up a nice #rectangle #chartpatternFTDR been moving sideways for about 2 months forming a well defined #rectangle #chartpattern. The breakout from the rectangle will coincide with a down trend-line on the weekly scale adding to the importance of the daily breakout. On my watch list for a long entry.
$FTDR Possible trade setup in Frontdoor INCEntry level $47.87 -= Target price $49.57- $52
Average analysts price target $52 | Overweight
P/E ratio 26
frontdoor, Inc. engages in the provision of home service plans. Its service focuses on water heaters, garbage disposals, doorbells. smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors. The company was founded on January 2, 2018 and is headquartered in Memphis, TN.