SQ recorded significant net buying / accumulation at the current range. Volume has surged 21% over its average numbers conveying buyers positioning in anticipation of technical and fundamental growth.
SQ has dramatically overextended its multi year correction from a peak at 283 back in August 2001, a pandemic era. Recent price movement is hinting of a trend reversal. The stock is sitting at a 1.0 FIB level, this is beyond bargain / discount already.
It is currently consolidating at a 4-year longstanding major support. This support range of 60-70 has been tested many times in the past and has proven its strength over and over. It is now currently bouncing off this range with precision.
Weekly descending trendline has been broken conveying an impending trend turnaround. Histogram has registered new higher lows -- buyers are persistent on taking the price higher from the present price base.
Fundamentally speaking, SQ last quarter earnings looks rosier than ever with EPS beating by 17.41% and a weighty $4.99B revenue, a 26% increase.
Spotted at 67.0
TAYOR
Safeguard capital always.
---------------------------------
FINANCIAL DATA REFERENCE:
Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 4.99B 25.99%
Net income -16.84M 91.75%
Diluted EPS -0.03 92.11%
Net profit margin -0.34% 93.41%
Operating income -6.17M 96.15%
Net change in cash 910.28M 133.09%
Cash on hand - -
Cost of revenue 3.26B 22.9%
Mar 2023EPS beat by 17.41%
EPS (USD)
Expected
0.34
Reported
0.40
Surprise
17.41%
SQ has dramatically overextended its multi year correction from a peak at 283 back in August 2001, a pandemic era. Recent price movement is hinting of a trend reversal. The stock is sitting at a 1.0 FIB level, this is beyond bargain / discount already.
It is currently consolidating at a 4-year longstanding major support. This support range of 60-70 has been tested many times in the past and has proven its strength over and over. It is now currently bouncing off this range with precision.
Weekly descending trendline has been broken conveying an impending trend turnaround. Histogram has registered new higher lows -- buyers are persistent on taking the price higher from the present price base.
Fundamentally speaking, SQ last quarter earnings looks rosier than ever with EPS beating by 17.41% and a weighty $4.99B revenue, a 26% increase.
Spotted at 67.0
TAYOR
Safeguard capital always.
---------------------------------
FINANCIAL DATA REFERENCE:
Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 4.99B 25.99%
Net income -16.84M 91.75%
Diluted EPS -0.03 92.11%
Net profit margin -0.34% 93.41%
Operating income -6.17M 96.15%
Net change in cash 910.28M 133.09%
Cash on hand - -
Cost of revenue 3.26B 22.9%
Mar 2023EPS beat by 17.41%
EPS (USD)
Expected
0.34
Reported
0.40
Surprise
17.41%
Trade active
growing...Trade active
chunky gains for SQ.Trade active
SQ is bouncing for a year-old strong support.Bounce is expected.
Spotted at 58.0
TAYOR.
Trade active
Weekly shift attempt spotted.This may target 80+ anew.
TAYOR.
Trade active
Long term data update:We got the elusive signal already.
Long term shift has been registered.
Expect series of ascend from the current range.
Interim target set at 100
Spotted at 70.0
TAYOR.
Trade active
Weekly data metrics update:The elusive signal is finally up after waiting for a few weeks.
We are now at the baseline for the next series of ascend.
Spotted at 64.0
TAYOR.
Trade active
This is moving as planned -- and may target 85.0 levels soon.Trade active
SQ looking good so far +10% already from our spot from a week ago.More rise is expected for this one.
STRONG BUY.
STRONG HOLD.
TAYOR.
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.