To the long term supportPrice is moving down fast and soon will meet long term support at around 170$ where a bounce can happen Longby balinorUpdated 3
EPAM Reports Results for First Quarter 2024 Shares Dives 27%EPAM Systems, Inc. (NYSE: NYSE:EPAM ), a leading digital transformation services and product engineering company, announced its results for the first quarter of 2024, which were down 3.8% year-over-year. The company's CEO and President, Arkadiy Dobkin, stated that the company's solid performance in the first quarter reflects its adaptability to a challenging demand environment. As the company looks forward to an eventual rebound in demand, it is refining its global operations and investing in optimized and AI-enabled delivery, consulting, partnerships, generative AI capabilities, and client-centric talent. In the first quarter, revenues decreased to $1.165 billion, a year-over-year decrease of $45.5 million, or 3.8%. On an organic constant currency basis excluding the impact of the exit from Russia, revenues were down 4.8% compared to the first quarter of 2023. GAAP income from operations was $110.5 million, a decrease of $9.8 million, or 8.2%, compared to $120.4 million in the first quarter of 2023. Non-GAAP income from operations was $173.6 million, a decrease of $4.7 million, or 2.6%, compared to $178.3 million in the first quarter of 2023. Diluted earnings per share ("EPS") on a GAAP basis was $1.97, an increase of $0.24, or 13.9%, compared to $1.73 in the first quarter of 2023; and non-GAAP diluted EPS was $2.46, a decrease of $0.01, or 0.4%, compared to $2.47 in the first quarter of 2023. Cash flow and other metrics showed that cash provided by operating activities was $129.9 million for the first three months of 2024, compared to $87.3 million for the first three months of 2023. The company repurchased 396 thousand shares of its common stock for $120.6 million during the first quarter of 2024 under its share repurchase program. As of March 31, 2024, the Company had $214.5 million remaining under its share repurchase authorization. Cash, cash equivalents, and restricted cash totaled $1.990 billion as of March 31, 2024, a decrease of $52.7 million, or 2.6%, from $2.043 billion as of December 31, 2023. Total headcount was approximately 52,800 as of March 31, 2024, with approximately 47,050 delivery professionals, a decrease of 0.7% from December 31, 2023. NYSE:EPAM now expects revenues to be in the range of $4.575 billion to $4.675 billion for the full year, reflecting a year-over-year decline of 1.4% at the midpoint of the range. The company expects revenues on an organic constant currency basis excluding the impact of the exit from Russia will decline approximately 2.0% at the midpoint of the range.Shortby DEXWireNews4
EPAM Long PositionHi treders! Let´s have a look at the EPAM data anaysis. Epam is in the increasing zone. To enter the long position wait for the price to retest the upsloping support line which would be our entry for the long position. Targets and trends line are indicated on the chart. Good luck!Longby vf_investment3
Caught in a nasty descending channelThe selling pressure is strong with EPAM and it is currently at resistance. To complete its corrective structure and bottom it will likely do the following (black trajectory): - Drop to 155-175 range pre earnings (8/3) - bounce to 200 post earnings - if rejected at 200 it will completed final leg down to 63-93 range and begin accumulation there. Goal target 93 by end of September.Shortby JerryManders1
EPAM - Falling WedgesA large falling wedge with a smaller falling wedge inside of it Interesting pattern This is an update to my last EPAM analysis as price broke down instead of hodling the trend line I think a recovery can ensue following the large falling wedgeby Bixley0
Below a RectanglePrice is below the support line. This line is now resistance. Oversold. A security can remain overbought or oversold for extended periods of time. You can use money if you buy and sell using overbought/oversold status alone. No recommendation. Price is below the bands.by lauraleaUpdated 3
EPAM - Megaphone Structure A bullish Megaphone or an Ascending Broadening Wedge. This is a bullish pattern, hence the bullish bars pattern in white. I have included lower levels along the white lines incase a breakdown occurs and support needs to be found. by Bixley0
Rectangle/Earnings 2-16 BMOHorizontal trading channel that is neutral pattern until broken. The top line is resistance and the bottom line is support. No recommendation. Short interest is around 1.5%. EPS (FWD) 10.64 PE (FWD) 34.58 Div Rate (TTM) - Yield (TTM) - Short Interest 1.52% Market Cap $21.16B EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers’ business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.by lauralea3
RectangleNeutral until broken. This stock has pulled back significantly from the ATH, but was possibly overvalued at that level so I will not compare. The past few years after Covid and before the nwere market trend, was unusual perhaps and many stocks were probably overvalued due to unrelenting bullishness that may have been caused by free money and maybe even boredom (o: Price is above the .786 and below the .618. Earnings 2-17 AMC and numbers are soft in comparison with last quarter. Short interest is less than 2 %. I keep an eye on this one. Money for nothing, but sex is rarely free (o: PAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers’ business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania. CPI and other economic reports in am. No recommendation.by lauralea1
Channel UpKey Support line not far below price. If price breaks this support line I will re-evaluate as I am watching this one. Otherwise it could bounce around inside the channel for a while. The bands are not contracting like they did the last time EPAM neared the support line, then broke to the upside until it hit the resistance line. It takes a lot for bands sets on an 80 DMA to contract. They seem to be widening indicating possible volatility. Strong stock. PE ratio a bit high but not that high for a tech stock. The lack of a dividend could hurt this one. Time will tell. No recommendation. A channel up is a channel up, until it is not. EPS (FWD) 9.96 PE (FWD) 40.46 Div Rate (TTM) -0 Yield (TTM) -0 Short Interest 2.01% Market Cap $23.07B EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers’ business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.by lauraleaUpdated 2
EPAM SELL+Overbought on good earnings, several indicators and chart time frames. Purchased $410 August 19th puts Shortby ShortSeller76Updated 2
EPAM-SELL+++Historically this is a very high RSI and we are near GANN resistance and the shape with gap is resembling a false bull flag as well. Strategy is SELL current 435-445 range and take profit @ 390-395 for now. Shortby peterbokma3
EPAM-SELL+++This stock is quite overbought, and as one can observe clearly, it is high into the BB and also RSI is quite high from a historical perspective. Strategy SELL current 435-445 and place profit order @ 388 for now. One can also buy a PUT option with a strike price 410 for example :) Shortby peterbokma2
$EPAM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $EPAM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 42.86%. Longby EPSMomentum1
EPAM - Strong Trend Line TouchThe up strongest up channel can be drawn with a formation that formed very early (2012) Red horizontal lines are top points along the up channel We currently just experienced a top point along this channel and price is falling from its touch I have placed a green box where I think price will recover on this Weekly timeframe by Bixley2
HMMM Bear Pennant or Triangle?This structure formed after a move to the downside. Pennants tend to narrow at the apex like a rising wedge, except a rising wedge has both trendlines sloping up and this is shaped more like an Ascending Triangle. It could be an ascending triangle but just hard to fathom in this market. Ascending triangles do not usually have a pole but who knows?? This structure may have experienced a break to the upside at an earnings beat, then experienced a throwback and the glory was short lived. The top trendline is resistance until broken. EPAM is known to be a strong stock as well as a volatile stock as of late. I have my alerts set to text me with a $10 move. The fundamentals are good considering this is a tech stock. Either way this pattern is neutral until a trendline is broken with a clear trend in that direction. 2 candle support at low of 168.59. Price is above the 20 daily moving average and the 50. The 100 and the 200 do not look so hot )o: Longer term moving averages are lagging indicators. The shorter term a moving average is, the closer it follows price. The gator is tangling suggesting a move in one direction or the other but this indicator which consists of short term moving averages does not tell you which way price will break )o: Similar in theory with Bollinger bands, as these also signal a break by contracting, but which way price will break is a mystery. Bearish Harami yesterday with confirmation today making this candle pattern a 3 inside down and occurred at resistance. No recommendation. I follow this stock so I will revisit this chart. Ascending triangle or pennant?? No telling and only time will tell. I guess choice 2 though )o: When price gapped down a while back, it was obvious to me that playing this stock to the top, or close to the top, of that last red long candle was a good swing trade. So far, price has not surpassed the top of that candle with any momentum behind price it. Market conditions have not helped, but this stock will one day! Just maybe not anytime soon )o: I realize I am a pattern trader and that I Do look at the market in a "longer term" like way. Charts I post do not always take short term pops in price in to account. So I am probably not a good one to follow if you are a day trader. I just wanted to clarify that (o:by lauraleaUpdated 0
EPAM High-risk Initial Long EPAM High-risk Initial Long. SL and TP on the chart. 10-20x leverage. Move SL on TP.Longby loxx1
EPAM … it’s a mover/shakerIn the process of studying this company more! My gosh, it moves during the day- in the order of tens of dollars as opposed to one or two. My thoughts for this week- it is just below a supply zone, so this could be a set up for it to reject the supply or blow right through it to the upside. We should know within minutes of opening bell…by washingk0
EPAM way oversold on withdrawn guidanceWent long here for a short term bounce through April 14th $250 calls. Oversold on all technicals. Looking for a bounce to $300Longby ShortSeller76Updated 664
Pull Back FishingThis one is up too much today for me to buy more of it but wish I had yesterday. High is 725.40. Yearly low is 168.59. There will most likely be resistance at the top of the huge red candle. This security is in the tech sector which has been raining bullets as of late so a good long entry could be paramount. Market up again today and I almost turned on the news. Has something changed with the economy or the Ukraine situation? Earnings 5/9 EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers’ business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania. EPS (FWD) 9.89 PE (FWD) 22.75 Div Rate (FWD) - Yield (FWD) - Short Interest 1.04% Market Cap $12.51B Volume 1,599,245by lauralea114
EPAM day trade stratSeveral hit markers, stock is highly volatile due to market crash. Had a 10% move today creating that could lead to the bounce back. Day trade strategy - If it dips around 216 area and bounces a little to 218 then long to 230 being a key level with risk at 212. r/r -3.0 (if dips to 212 then probably it a false break) 212 being a key level today as it was bouncing at the support level. Any opinions?Longby manusharma01830
EPAM Systems (NYSE: $EPAM) Looking Bottom'd & Ready To Turn ↩️EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers' business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.Longby RedHotStocks668