Dominos dropping more?Looking at the M shaped curve for Dominos, it seems like it is setup for a symmetrical drop down to 350$ range.
Couple in inflation costs, labour shortages and supply chain issues this drop can be as fast 3 months.
EZV trade ideas
Domino's Pizza breakout or fakeout?Domino's Pizza (DPZ) hit an all time high today $561.92, for no apparent reason I can find. The average daily volume for this stock is only around 400k, so this was a very curious move today. Anyways, it looks like a fake breakout because piRSI was showing overbought in the morning, then piRSI printed a bearish cross at 1:30pm today and the price action followed it down soon afterwards. However, net volume on Fibonacci VIP, which is a faster indicator, dropped at 1:15pm and popped at 3:15pm. The setup here looks better for a short position, but for now I'm posting this as neutral until I see wassup tomorrow / this week.
EPS = $3.24
P/E = 41.5
52 week H = $561.92
52 week L = $319.71
Price levels 1hr chart:
SMA200 = $530.51
SMA150 = $531.04
SMA100 =$533.21
SMA50 =$536.08
Trend channel 1hr chart:
breakout = $571.90
R3 = $567.74
R2 = $563.57
R1 = $559.41
pivot = $555.24
S1 = $551.08
S2 = $546.91
S3 = $542.75
breakdown = $538.59
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
DPZ - Gap Close and Reversal into Q4 - PT $530 - $540After a massive gap up, DPZ has bled all the way back down and filled the gap. Now sitting at long term support, I'm expecting a reversal back over $500. Taking DPZ 12/17 $540c. Football season in full swing, baseball playoffs start tomorrow, earnings next week. Go buy a few pies, please. Anyway, love you, bye.
BUY DPZ 9/9/2021Stock is moving in an uptrend direction It tests the EXMA 13 and EXMA 34 So you can buy target 567 stop losses 498.5 Good luck
What is next?Need expert advise, can anyone explain about this chart? What is this pattern and what is next?
DPZ getting tightNYSE:DPZ
This is a chart I see a few pro traders play but not alot of retail.
Getting tight and I sure do like the way the MACD is sitting. Bands are tightening up while coming into the 50 SMA.
Looking for that RSI to flip
Dominos - Master Splinter is fed up!-Domino’s Pizza on Thursday reported that its U.S. same-store sales climbed 3.5% in its latest quarter, despite tough comparisons to its skyrocketing sales during lockdowns last year.
-Shares of the company rose more than 11% in morning trading.
-Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $3.12 adjusted vs. $2.87 expected
Revenue: $1.03 billion vs. $972.3 million expected
-The pizza chain reported fiscal second-quarter net income of $116.6 million, or $3.06 per share, down from $118.7 million, or $2.99 per share, a year earlier.
-Currently, we have a hold position on this boy. Needs to cool down a little bit before continuing the rise.
-The estimate stock price by analysts for Dominos was standing at $625 (high), $535 (median) and $410 (low). Currently Dominos is super close to the high $625 price target where a strong resistance can be found. We expect the Dominos to rise to $600-620 levels and drop from there to more reasonable levels for the later rise.
DPZ (Domino's Pizza) Short: Bearish divergence and upwicks #0003Weekly: Closed lower, after upwick, impulse is blue (meaning MACD-H ticking down). Latest top diverging with previous local top. Often times, the 2.5 ATR level is a turning point for tops.
Daily: A nice set of divergences, on MACD lines, MACD-Histogram, and EFI. Even there is a divergence on Stochastic RSI, as well as ATR lines, showing an ATR channel divergence (see the two purple arrows). .
We can also see 2 long upwicks, supporting the idea that bulls run out of steam and the selling pressure comes in, as these price levels are rejected, and end of day closes close to the open price.
The entry can be either here, but I will wait the market open first, to see how it opens. I will post a chart on how I think I can enter, on a shorter Timeframe
Stoploss will be place somere halfway the upwick of the previous candle, around 465,1
Entry: 457
Target 1: 444,1
Target 2: 439,1
SL: 465,1
R/R ratio: 1:1.6, 1:2.1
Weekly Bearish Pinbar followed by a Shooting Star Retest2 Weeks ago DPZ tried to conquer the level of 432 and failed then tried again this week and confirmed it's failure. We now have Hidden Bearish Divergence on the MFI and we have Weekly Momentum Pointing downwards on the Momentum Indicator. I will be looking for around an 80 percent pullback towards the $330 area from here.
DPZ Short next 90 daysDPZ Short due to competition from traditional restaurant and pressure on Cost/Materials... Global Inflation and labor cost will push profits down and currently overvalued.
PZZA is slowly catching up with Tech and YUM is more able to handle conditions. Target Price 380 in the next 100 days.
Overweight DPZDPZ is in the penalty box for a profit miss on recent earnings + downward analyst price target revisions. Risings costs can comfortably be passed through to their loyal & growing (+17.5% same store sales growth) customer base. Their web & mobile UI/UX remains unparalleled and by the way, the pizza is still AMAZING. I recommend trying their pizza with the garlic parmesan white sauce instead of the default robust tomato sauce. Management has navigated this pandemic better than any of their competitors and continue to focus on gaining market share as football season and cold weather sets in. Let's talk valuation - if you think a 33 PE is expensive, look at Chipotle's (CMG) 142 multiple and tell me which has more multiple upside on any downtick in food prices? The generational buy was the 200DMA (pandemic bottom/blue squiggly line) and as tempting as it is to drop some resting bids there, I can't imagine even a partial re-shutdown takes DPZ that low as support developed above the 0.382 fibonacci retracement on the current uptrend. On a relative strength basis, DPZ appears to be close to bottoming here. I'll be averaging in from here to $380-375. I like this for the long run but shorter time horizons can look to take profit or take out their cost basis at about $420 (har har Elon) to play the range or with the house's money beyond that intermediate resistance. NOT INVESTMENT ADVICE. DYOH. Be safe, trade safe!
$DPZ - upgraded + revenge = success? $DPZ is the stock that has burned me the most.
Hence, why I study and chart, and re-chart, this ticker.
Citi analyst has upgraded the stock with a buy target of $435.
Revenge trading is bad, unless it works, then it is cathartic.
I will be picking up DPZ calls with a June or later expiration, should the right shoulder pull back as expected.
This is high on the watch list
Domino's Pizza Sell Setup Forming! Pizza, Anyone?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Left Chart:
DPZ is sitting around a strong resistance in green from Daily timeframe, and upper brown trendline so we will be looking for trend-following sell setups on lower timeframes.
Right Chart:
on M30: DPZ is forming a channel in red , but the lower red trendline is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that new swing low to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, DPZ would be overall bullish and can still test the upper bound of the resistance or even break it upward.
And of course, as DPZ approaches our lower blue support, we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DPZ - BEARISHDPZ after strong uptrend, the recent pricing is undergoing the bearish correction.
The prices are currently going through ABC correction and eventually target to hit at ballpark of USD167.87 (61.8% FIBO) to complete its correction.
A stock to look for short opportunities when rebound.
Happy trading.
DOMINOS PIZZA LOOKS WEAK - IMPORTANT LEVELS
Targets: 331, 300, 375
Every pullback must be seen as an opportunity to sell.
Long should be opened only above 390.
Use appropriate quantity and risk-reward ratio.
Always use a stop loss.
Always risk a maximum of 1-2% of your capital.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Domino's Pizza Detailed Analysis. Pizza, Anyone?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for Domino's Pizza, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
DPZ - Dominos Pizza - WEEKLY Setup - Buyzone w/ CAD + TargetsDPZ
Entry = 380
Cost Avg Down (CAD) = 352
1st Target = ATH (434)
2nd Target = 485
HODL Target = 516+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$DPZ At Support BUT....Looks like a leader that's on its way to break down. 1st close below its 200 MA since October 2019.
DPZ Secondary Breakout/GapfillerInteresting play here for earnings, looking to fill a gap, currently overbought could see about 2% pullback around 393? That would be an ideal buy in!
