The PEAD projected a Bullish outlook for $SPLK after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
Hi traders
#SPLK Splunk Inc is my stock pic of the week. I believe this stock is going to rally this coming week. Last week the company beat earnings estimates and for the past three days we saw heavy buying.
I’ve been chatting this ascedning triangle for a while. Tarhet 142. Needs to conforms above 124.78. Support of triangle is 116. I tried to play this weeks ago but got stopped out. Saw the pop pre market I know 120.58 is a key level I mapped out so I set bids there. I’m sticking to that range for buying.
Splunk Inc. provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data...
Pop 125.50 we should have a smooth run. If we confirm support at 123.58 this could another another trade setup. 145 is next big level to watch. I’ll be eyeball this today as it looks like it’s starting to lift off from this considlation range
Splunk Inc is one of my top stock picks this week.
watch out for this stock, technically this stock is regaing mometum after it's mothly retracement and as we can see on monthly timeframe it's retracing from support and will gain massively over the coming weeks.
There's one thing in common in the current tech selldown
1) Revenue-driven companies that have not seen any profits yet are diving down by more than >30%. These are companies that are striving for high revenue generation through high spending and debt. Think Crowdstrike, Door Dash, Lemonade, Peloton, etc
2) Profit-driven and cash-rich Tech companies such...
Looking for a little more confirmation here.
Thing is this is a good cloud software company with lots of FUD. Good buyout target. Will probably nibble on this soon.
Conviction: 3/5
channel was broken in 2016, need to pay attention not to break down below recent lows to go to dark blue channel
General Thesis
bouncing off of medium-term channel support (since 2015)
Weekly RSI at historical turning points
Growth
Margins quite low compared to own history
growth is around 75th percentile
Value
P/S cheap...
$SPLK
We have a divergence on MFI and on RSI during the week. Divergences on the day + we hold the level + ema2000. You can count on a rebound - 116-120. And much more aggressive at 4h. Be sure to look at these timeframes yourself
SPLK as you can see has been on this downward trend over the past year essentially however this play had great earnings first and foremost, is in the middle of a conversion going from a software company to a SAAS business model and to align their goals made a big change in leadership asking the CEO to step down and remain as an advisor ( meaning he is leaving on...
Splunk, Inc. engages in the development and marketing of cloud software solutions. Its products include Splunk cloud, Splunk light and Splunk enterprise. It also offers solutions for Information Technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M. Swan, Michael J. Baum and Robin K. Das in October 2003 and is headquartered in San Francisco, CA.
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