Always hard to call the top. Carvana had a ridiculous move on questionable earnings but a nice one nonetheless. It is inside a nice upward channel hitting the very top as well as a measured move from a cup and handle is exactly at that point. We'll see whats next.
opening above major trend/resistance zone I showed on the chart, I could see us going higher to 100-131 targets over the next few months 🎯
if you are active on the Carvana app you were not surprised by the recent earnings beat.. half the cars on my watchlist are gone within a few weeks! business is boomin! Up 29.3% on first-ever annual profit, mixed quarterly...
Macro Analysis for Carvana (CVNA)
Projection:
Based on a comprehensive analysis of pattern and cycle analysis, I anticipate a significant retracement in Carvana's stock price over the next 6 months. This retracement is projected to amount to approximately -50% from its current valuation.
Technical Analysis:
Technical indicators corroborate the assessment of...
It's a rare occasion when fundamentals and technicals align, and we might just have a compelling case here. Carvana stands out as one of the most heavily shorted stocks in the market. The company has been in the red for quite some time, and this quarter was no exception, with a loss of $1 per share, falling short of analysts' expectations on both EPS and revenue...
Carvana ( NYSE:CVNA ) stock Skyrocketed more than 30% during Thursday's market open after the used car retailer reported record results and turned a profit during the first quarter.
Company's Performance
Earnings per share: 23 cents — it was not immediately clear if it was comparable to the loss of 74 cents expected.
Revenue: $3.06 billion reported Vs. $2.67...
This chart looks intriguing to me. Coming from highs of $377 to as low as below $5!!!
Then a tsunami of rebounce before and after ER. If it breaks out of the blue line on the weekly next stop could be mind baffling. In case it fails then back to the Abyss until next news or ER.
Since I've been feeling the love from follows and comments, I've decided to post what's probably my most "Warren Buffett" style stock to own for years to come... Yep, Carvana
Imagine a world where all those local dealerships named after local families are disappeared by an online corporation called Carvana that can beat them in everyway due to technological...
CVNA Carvana is starting to move above the 200 day EMA 'watermark'. As interest rates level off and eventually come down, the consumer will have a green light to make big purchases again. CVNA shows a lot of opportunity (800%?) between current price and all-time highs. Why is Carvana not on your watchlist?
CARVANA NYSE:CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024
BUY/LONG ZONE (GREEN): $72.50 - $81.25
DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50
SELL/SHORT ZONE (RED): $60.00 - $68.50
Weekly: DNT
Daily: DNT
4H: DNT, lean bullish
This was requested at the end of last week but I didn't get around to it. I drew up this NYSE:CVNA chart analysis...
CARVANA NYSE:CVNA - Feb. 15th, 2024
BUY/LONG ZONE (GREEN): $48.00 - $60.00
DO NOT TRADE/DNT ZONE (WHITE): $40.00 - $48.00
SELL/SHORT ZONE (RED): $25.25 - $40.00
By request. My main focus would be on the range between $40.00 - $48.00, this area has determined the trend five times, which are seen each time price touches and breaks or touches and rejects....
Key arguments in support of the idea.
• Declining used car prices in the U.S. could weigh on the Company's sales.
• Carvana's high debt burden remains a significant risk.
Investment Thesis
Carvana Co. (CVNA) is one of the largest online-only used-car retailers in the U.S.
The Company performs almost all the functions a physical dealer would offer,
including...
Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. The company's platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or...
This post is in reference to my last one.
In this chart, we can clearly see bearish divergence on the MFI which signals to me a correction to the rally we’ve been experiencing these last couple months. We can already see this small rally fizzling out after the second wave in the channel pictured above.
I’ve been watching and trading CVNA for a few years now. We can see it trading in a bullish channel, however it is facing resistance at the top part of the channel. RSI is well-overbought and we are also seeing bearish divergence on the MFI which is signaling to me a correction in the near-term. Looking for support from the peak of the last rally with a price...
NYSE:CVNA reached bottom into intermediate growing moving.
Goal is 82.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view )
CVNA stock's momentum and bullish pattern indicate a high probability of continued upward movement. If the price experiences a dip, traders are likely to show buying interest in the 77 to 82 range. Initial price targets for the stock are estimated around the 200 and 260 zones.
