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...
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...
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...
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
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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.
As we all know the used car market continues to have it's issues, CVNA insiders started to sell this month. What do they know? We know by looking at our momentum indicators that momentum is dying and also happens to be printing out a head and shoulders pattern at key fib level. Expect and nice drop to next major support level.
My attention was drawn to CVNA as a possible long trade last year due to extreme pessimism around it on social media. I seen about 20 people calling for it to go bankrupt in the same day.
I often find when this happens it's worth having a look for TA patterns suggesting a "Fade the obvious" type of trade. Which CVNA had and has worked out really well.
I gave...
CVNA, now at 80.7 on MArc-15-2024 :
Per EW, this is in wave4 of wave5 uptrend
Buy few at cmp,
Buy few if this falls to 65,52
Uptrend confirmation at 90.34
Tehreafter levels to watch --> 102.07, 109.32, 115.2, 121
Expected gains from cmp --> 50%
As a general rule, parabolic trends will tend to correct sharply, get back to the mean, spike out the mean/previous low and then return to the mean where either a new uptrend starts or it meanders along sideways for a while.
A return to the mean in this case would be a massive percentage gain.
