TopGolf
MODG finally closed the last price gap on the daily chart from the 2020 pandemic crash. All price gaps (as of this analysis) are now above the current price. While I am not stating this is bottom (high $6's or even low $5's are not fully off the table given the downward momentum), there is a lot of growth still on the table for this company. The current fair value is probably near $18-$19 and this stock has a cyclical nature to it. So, while it may be a bumpy near-term investment, the earnings growth, cashflow, and low debt of this company is appealing. Thus, at $7.85,
MODG is in a personal buy zone (starter position) with more investment is if dips into the $6- or $5-range.
Target #1 = $10
Target #2 = $12
Target #3 = $14
Target #4 = $15
Target #1 = $10
Target #2 = $12
Target #3 = $14
Target #4 = $15
Trade closed manually
Exited just above entry today. While there may be an earnings surprise tonight, a reexamination of the projected earnings/fundamentals shows a continued decline into 2026 and a recovery now starting in 2028. Personally, would love to see more of a drop ($2-$3 range) before reentry if those projections are accurate.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.