ACCD Finds Support at $7.92, Targets $11.33ACCD found support on a weekly timeframe at $7.92. The stock price may be ready to rebound and head towards a target price of $11.33.
On April 25th, 2024, Accolade reported earnings for Q4 2024. While they beat revenue estimates at $124.83 million, they missed EPS estimates with a loss of -$0.10 per share.
Despite the earnings miss, expert analysts have a moderate buy rating on ACCD with a price target of $14.33.
ACCD
ACCD Accolade Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ACCD Accolade prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ACCD Going For Gap FillAccolade, Inc is seeing a move higher this week along with other healthcare stocks. Yesterday price opened and closed above diagonal resistance and is now trading in the gap price range created in late April.
The lower PPO indicator shows the green PPO line above the purple signal line with both lines rising which indicates a short-term bullish trend. Both lines trending above the 0 level indicates an intermediate to long-term bullish trend.
The TDI indicator shows the green RSI line above its purple signal line and above the 60 level which indicates short-term bullish momentum. The RSI line is also above its upper white Bollinger Band which indicates extreme bullish price trend; you want to stay long when the RSI is trading above this upper band, and remain cautious when it falls back below the upper band as that usually signals bullish exhaustion in the short-term.
My entry price on ACCD was $13.98.
My stop-loss is currently at $10.93(SL1), but SL2($13.20) can be used for more conservative trades and is where I'll likely move my stop sometime this week.
I'm looking to take profit near the upper gap line around the $16 level.
Should price break higher than the gap level I'll likely remain in the trade and raise my stop-loss accordingly.
ACCD Bullish Trend Line Breakeout....ACCD Bullish Trend Line Breakeout....
Double bottom with handle ( Not sure if that philosophy works on Daily charts)
Take the Trade only if it breaks and closes above 49.90....The Earnings will be the catalyst we've been waiting for.
Manage Risk.....Green Pips
thanks
@RichardMoglen