Analyzing the options chain and the chart patterns of SMAR Smartsheet prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $1.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Smartsheet (NYSE: NYSE:SMAR ) had its price target lifted by BMO Capital Markets from $50.00 to $52.00 in a research report report published on Friday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts have also recently weighed in on SMAR. KeyCorp upped their target price on...
An idea showing a large bowl structure that may form on SMAR
Similar up trends can be seen with the thick white lines
I want strong up moves to complete this structure.
The end of the negative trend?
The wedge shape seems to be broken, the movement of the indicators confirms the change. The exchange rate is looking for a direction.
The next 5 waves emerging?
+
Looks like early stage of bullish market takeover. Opportunity comes after completion of upcoming correction.
Might raise consideration a while later after price breaks into green zone.
SMAR is breaking to the upside from a Bull Flag and is just over long entry level.
Earnings 9-7 amc and I do not see an earnings miss in their history. The reaction to the news is often more important than the news itself. Time will tell.
Negative volume is very high.
No recommendation
NYSE:SMAR
SMAR broke out of the upper Donchain channel on high volume following an earnings surprise. Additionally, the 100D EMA slope started moving to the positive. I am entering a long position here at $63.05 with a target of ~$69 and a stop loss set at 2x ATR.
SMAR is not yet profitable due to their SG&A as well as R&D related costs - proper of the growth stage the company is currently navigating. Nevertheless, they have healthy financials (gross margin, strong cash position, low debt levels). Overall, the company posted a 69% EPS QoQ increase and a 40% sales increase in the last quarter. In fact, SMAR has an average...
Description: SMAR is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position above $67.5.
Stats:
1. Ideal buy range: $64.7 - $68
2. Take profit: $81.95
3. Stop Loss: $61.81
4. Risk To Reward: 1 / 5
5....
Down-sloping resistance
Currently on a mini support too but it probably isn't too strong.
Daily and 4hr hidden bullish divergence on the MACD and RSI (Daily MACD not developing as yet)
Stop is below 2nd horizontal resistance line
1st Target = ATH
2nd Target = 1.618 fib. extension (more cautious on this target)
N.B - Taking this play here because I expect a...
$SMAR is soaring from higher than expected earnings numbers. $SMAR is benefitting from the increased demand for their products due to COVID. $SMAR products are beneficial for remote employees. With the introduction of vaccine news, we could see a strong pull back to a preferable buy zone ($59) that aligns with the 61.8 Fibonacci level and initial resistance.
