GDOT: Backtest for a bull run!GDOT: Backtest for a bull run!
-Quasimodo pattern.
-Bottom confirmed.
-Demand zone and key level supports.
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US STOCKS- WALL STREET DREAM- LET'S THE MARKET SPEAK!
GDOT trade ideas
Going long GDOT on MondayGDOT is printing a bullish hammer candlestick price bar right off of its uptrending 50 DMA on heavier above average volume with my momentum/trending oscillators conirming the price move. I am going long GDOT on Monday using a limit (GTC-BUY-LMT) order @ 60.83. I will have two trailing sell stops (GTC-SELL-STP) @ 58.99 and 58.26 to protect my initial capital in case GDOT does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from November '16 - November '17.
Green Dot $GDOT downtrend but upside potentialGreen Dot is not-quite a bank, not-quite a financial technology company Green Dot is feeling the burn of the market right now, but is a fundamentally valuable ticker to watch.
Research
TipRanks median price from Analysts who have commented within the last 6 months is $55.50, closed Friday Apr-23, 2021 at $44.43, 25% upside potential from last price
$GDOT price has been steadily drifting down since Jan highs at $60
Short % of float per Yahoo is 6%, these are smart money managers because price is going down
Most top shareholders are index institutions (BlackRock, Vanguard, State Street 22M shares combined)
One top shareholder outlier, Starboard Value LP, owns 5M shares and continued to acquire in Q4 2020
(Con) The "underserved" and "underbanked" demo they are servicing faces competition from Chime and Simple
(Con) The fintech transaction business is also hotly contested, think Visa etc.
(Con) Does not pay a dividend so they fail my "ok boomer" test
(Pro) Board member Jeffrey Osher is their most active insider and runs his own hedge fund, Osher bought 75K shares in May 2020 (post-COVID, savvy investor buying the dip) around $35 to $37.50
(Pro) Osher, who we have established is a savvy investor, sold 300K shares in Feb/Mar 2021 at $50 to $55
(Pro) Green Dot's payment processing technology underpins Apple Pay and Uber's driver payments system
(Pro and Con) Green Dot's secured debit card biz through Walmart accounts for about a quarter of their revenue, it's a great place for their underserved demo and makes them a valuable acquisition opportunity for Walmart, but it's also a big risk if Walmart decides to cut them out
Risk Management
Clearly the $GDOT trend does not track the financial index $XFI or the regional bank index $KRE
Clearly the $GDOT trend does not track the tech index $QQQ either
$GDOT could offer your portfolio a hedge against overweight Tech or Financial holdings
Technical Analysis
$GDOT price is below the 200-Day SMA
RSI at 39
MACD histograms are negative, but slowing, divergence on the last lows where price reaches a new low but MACD does not
-DI line is above the +DI line signaling downtrend
Summary
I believe the $GDOT price trend could break its current support around $44.50 and, if that occurs, fall to the next support level of $38 (June 2020). That $38 figure is hopefully resonating with you if you have read all the way through this massive volume since our savvy man on the inside and hedge fund manager, Jeffrey Osher, loaded up 75K shares at about that price. If the $GDOT price drops to the $38 range I might be interested in a position with targets at $50.50, $54.50, and $58.50 on the way back up.
*Data in the "Research" section sourced from TipRanks, MorningStar, WhaleWisdom, OpenInsider, and Seeking Alpha
Google Pay to start doing GDOT bank accounts in their platformGDOT Green Dot is famous for their proprietary banking products like prepaid debit cards. If you've ever checked out in the Walmart and you see the little rack of prepaid money cards at the cash register, those are all Green Dot products.
Other side of their business is called banking as a service, or BaaS.
Apple Pay Cash is a Green Dot-powered product, Apple Pay's person-to-person transfer service. That's a Green Dot product.
Uber uses Green Dot's infrastructure to instantly pay their drivers for rides. If you pay for an Uber drive, that money will instantly show up in the driver's account, and that's a Green Dot product.
Google Pay just announced they're going to start doing Green Dot bank accounts through their platform. (fool.com)
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
BUY to GREEN DOT CORPHello traders, GREEN DOT CORP is in a fake bearish movement with a large sell volume executed and a hammer candle upside down. Looking at the TIMEFRAME M1 we notice an upside down hammer candle with a high volume of past sales. It will come out of the lower of the bollinger heading towards its previous lower making its trend reversal. Retest the broken VWAP back into the bolinger to test its levels by coming back into the bullish channel starting on the top of the comfort zone testing it.
There is a good chance of breaking the price then at the same time the zone with the return of momentum, it will move into the next zone to land on the top to come. With several highs to yield between a comfort zone will be tested, for a drastic rise to the top of the bullish channel and symbolic number of 68.00.
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$GDOT can fall in the next daysContextual immersion trading strategy idea.
Green Dot Corporation has a strong downside trend.
Due to the huge market volatility and possible crisis, all financial sector falls.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $15,9;
stop-loss — $18,76.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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GDOT - WEEK CHART Hi, today we are going to talk about Green Dot Corp and its current landscape.
Green Dot is poised to receive increasing attention from the market as relevant events are taking place. The American financial technology and bank holding company unveiled that its Founder and CEO Steven W. is leaving the company and the board to retire, Streit only will keep its role as Chief information officer (CIO) on the company. The year hasn't been good for Green Dot and can get worse with this change of CEOs, while the company doesn't announce a new CEO, considering that usually when Founders leave a company, their shares and performance tend to face a setback.
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$GDOT Looks To Be A Buy Above $25$GDOT has been beaten up pretty badly. The stock just hit new 52-week lows after disappointing 2020 guidance. But we think there's opportunity, especially after traders bought the dip on Friday and we got a green candle. The 52 week high is $86.46 after all, so $GDOT could be in the bargain bin for many.
Green Dot (NYSE:GDOT) plunges 18% after preliminary 2020 guidance discussed in its earnings call disappointed investors and analysts.
CFO Mark Shifke doesn't expect "to guide much more than flat on the top line and perhaps $65M lower year-over-year on adjusted EBITDA" when the company provides formal 2020 guidance on its February earnings call.
Cites combination of reduced interest income due to lower rates, about 150 basis point reduction associated with GDOT's renewal of its Walmart MoneyCard contract, higher SG&A expenses for its banking-as-a-service platform, and higher marketing expenses.
BTIG analyst Mark Palmer writes in a note that that implies FY2020 adjusted EBITDA of $175M-$180M vs. consensus of $273.5M.
He reiterates neutral recommendation.
Quant rating is Very Bearish; Sell-Side average rating is Bullish (5 Very Bullish, 2 Bullish, 9 Neutral).
$GDOT is attractive as it trades at just 11x earnings and 10x next year's earnings.
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services. It also provides swipe reload system for crediting cash onto an enabled payment card by swiping the payment card at the point-of-sale through Green Dot Network participating retailer; MoneyPak, a product that allows a consumer to add funds to accounts; and e-cash remittance, a service that allows a consumer to transfer funds to a smartphone, as well as offers disbursement services through Simply Paid platform. In addition, the company offers prepaid cards, debit cards, payroll debit cards, consumer cash processing services, wage disbursements, and tax refund processing services, as well as issuing, settlement, and capital management services. Further, it provides mobile banking, loan disbursement accounts, mobile P2P, money transfer, instant payment, and processing and settlement services. The company markets its products under the brand names of Green Dot, GoBank, MoneyPak, AccountNow, RushCard, and RapidPay. Green Dot Corporation markets and sells its products and services through retail stores, various direct-to-consumer Websites, corporate distribution partnerships, tax preparation companies and individual tax preparers, and apps, as well as distributes through ‘Banking as a Service’ platform. The company was formerly known as Next Estate Communications, Inc. and changed its name to Green Dot Corporation in October 2005. Green Dot Corporation was incorporated in 1999 and is headquartered in Pasadena, California.
As always, trade with caution and use protective stops.
Good luck to all!
GDOT Bullish bounce, retest ATHRecent ATH at 93.00, oversold on pullback due to broader market fear. Very bullish the last few days of trading and looks poised to re-test 93.00. Proposed setup: Entry between 82.00-84.00, with tight trailing stop loss under 50-day TEMA (approximately 80.00) to protect against another market-wide sell-off; exit above 92.00, depending on your risk tolerance; the chart reflects anticipated resistance points based on short- and long-term upper trend lines. Minimum reward:risk is approximately 4:1.
GDOT pullback oon his 50MA, watchingHey guys, as you can see GDOT has been in a nice uptrend since years and in the last month we saw the stock price pullback and today it bounce a little bit of his 50MA, this is interesting, because when you see a stock in a strong uptrend then pullback on low volume and bounce of the 50MA, that could be a buy opportunity If tomorow the stock reach 61,25 and close with strenght i will buy the stock.
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