ZUMIES INC. - [ZUMZ]Zumies Inc.
Trend : The stock has shown a strong uptrend since March 2024, rising from lows around $13 to recent highs above $26.
Moving Averages : Two moving averages are visible - likely the 50-day (blue) and 200-day (green) MAs. The price is currently above both, indicating bullish momentum. The 50-day MA has crossed above the 200-day MA, forming a "golden cross" which is typically bullish.
Support and Resistance : The $26 level appears to be a recent resistance, with the stock pulling back from this level. Previous resistance around $19-20 may now act as support.
Volume : Volume spiked during the March 2024 low and the recent July-August rally, indicating strong interest at these points.
Price Patterns : The stock formed a double bottom pattern around $14-15 in March-April 2024 before starting its uptrend.
Volatility : Volatility increased significantly during the uptrend, with larger candlesticks indicating bigger price swings.
Recent Action : The stock has pulled back from its recent high, potentially forming a short-term top or consolidation pattern.
Indicators : The upper indicator (likely RSI or MACD) shows divergence from price at recent highs, suggesting potential weakening of momentum.
Overall, the technical picture appears bullish in the medium-term, but the stock may be due for a short-term pullback or consolidation after its strong run-up.
ZUMZ trade ideas
ZUMZ Zumiez Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ZUMZ Zumiez prior to the earnings report this week,
I would consider purchasing the 17.50usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ZUMZL Bullish Flag (31%) Ascending Triangle (75%)ZUMZ is currently building into a bullish flag on the daily with possible price target of 67.47$. It is not confirmed yet.
The weekly chart is showing an ascending triangle with possible target price of 90.41$.
Caution: ZUMZ is part of the Consumer Discretionary sector. This sector is at the price target (1700$) of its fully filled ascending triangle . This new price target could act as the new resistance and reverse the current uptrend.
If the 1700$ resistance is broken on the sector chart, this could help fill ZUMZ's daily and weekly price targets.
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$ZUMZ 4 Month #CupandHandle #ChartPatternNASDAQ:ZUMZ is setting up a 4 month cup and handle chart pattern with $31.50 acting as chart pattern resistance. The stock will face some resistance at pre-Covid 19 high around $36 and if cleared should head higher to target the $42 level chart pattern price target, which is also the highs from 2012 and 2015.
$ZUMZ Zumiez Pops On huge earnings beat Earnings details - Source Investorplace
Zumiez (NASDAQ:ZUMZ) earnings for the clothing company’s second quarter of 2020 have ZUMZ stock soaring higher after-hours Thursday. That comes after reporting diluted earnings per share of $1.01 on revenue of $250.39 million. Both of these are better than Wall Street’s estimates of 33 cents per share and revenue of $234.21 million.
Zumiez (ZUMZ) sign with bright white letters
Source: Sundry Photography / Shutterstock.com
Let’s take a deeper dive into the most recent Zumiez earnings report below.
Diluted per-share earnings are up 180.6% than the 36 cents reported in Q2 2019.
Revenue for the quarter comes in 9.6% higher than the $228.43 million reported during the same time last year.
Operating income of $33.11 million is a 183.7% improvement year-over-year from $11.67 million.
The Zumiez earnings report also has it bringing in a net income of $25.39 million.
That’s a 181.2% increase compared to the company’s net income of $9.03 million from the same period of the year prior.
Possible bounce levels on ZumiezZumiez reported better-than-expected earnings, and as a result, analysts have been revising the earnings outlook upward. I'm targeting about $37 per share for my exit based on the current earnings forecast. Zumiez rocketed after the earnings announcement, but has been dropping since. I've identified four possible bounce levels; we're already at the first. Scale in at the support lines or watch for a trend line breach to confirm a bounce.
EXPLOSIVE EARNINGS! Charts Look Great. Strong BUYZumiez blew past earnings last night coming in .15 cents above consensus. The company also beat on revenue and raised full year results.
Zumiez also issued a $100 Million stock repurchase program through 2020.
Charts look great, PMO, MACD and RSI are turning up, POSITIVE.
Looking for a new 52 week high soon.
The stock was trading upwards of $55.00 a share a while back.
LONG