If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight. What is Peloton Interactive (PTON)? - Peloton is a home fitness company that offers fitness products such as an indoor cycle, and a treadmill, as well as live workout...
Set up for a head and shoulders pattern. Large volatility channel. There is potential to make a higher high and continue the ascending triangle through the minor and major trend. Potential make some good swings.
“Good performance ... Earnings are higher than expected .... the number of subscribers has doubled…. the company has benefited from the coronavirus ... it will hit 100 soon ... blah blah blah blah blah blah “ In recent days, we have seen an increase in activity on the Peloton Interactive PTON stock market. This activity is primarily due to the profits, which...
After blowout earnings pushed a new high, we had a massive bearish engulfing. Looks to be way ahead of itself; would like to see it retreat back towards its 50day which nicely coincides with the previous uptrend line. MACD rolling over and about to cross. Upper bollinger band crossover sell. Does not look as healthy as their customers!
A SHITTY COMPANY BUT A COVID PLAY NONETHELESS IF IT BOUNCES OVER THE TREND SUPPORT, WILL REACH TARGET IN A WEEK, INCOMING MOMENTUM REVERSAL NEXT WEEK. STOP LOSS IF IT BREAKS SUPPORT $PTON
Sell now Buy level on the chart Profit 30% Stop Loss 5% Wish you luck !
Peloton analysis long term trend up, short term correction expected. RSI overbought. Personally, I am opening a long position as the stock corrects itself. Not an advisor, my personal opinion. Good luck!
this is pretty dumb. last times RSI was this high the stock made a 20% correction back to the mean ~$30. Also made tops in RSI in the daily time frame as well. Long time support in green, weak supports dashed green lines. Fundamentals: PTON sells overpriced electric cycling bikes during a recession. The market is as rational as a chicken without a head. PTON...
Bearish H & S forming on the 15m. Wait for confirmation break down across the neckline before taking the trade.
PTON may bounce off day one IPO opening price or visit bottom of the channel before doing so
Peloton has miraculously revitalized the Trend of In-Home Aerobics crap You all remember the 80s-90s when Mom and Dad spent a fortune on crap they only used for a year or less? Yep we are seeing it again, This time its with the Credit Card everything generations. Very big bubble, could inflate much higher - like Pot Stocks or Impossible Meat