Avis Budget Group Inc. (NASDAQ: NASDAQ:CAR ) recently unveiled its fiscal fourth-quarter financials, stirring both anticipation and concern among investors. While the company surpassed profit estimates, the stock stumbled in after-hours trading, leaving many to ponder the underlying reasons behind this downturn. Analysis of Financial Performance: A deeper dive...
It looks bullish as it entered above the yellow trend line, it could hit 230 as long as it stays above the yellow line. It could retest high 170s before its leg up. It it falls below the yellow line, then its more bearish.
A strong bullflag has formed Currently it is above some major trend lines so ill assume it will breakout above these lines, as indicated by the bars pattern Daily chart The bullflag is in the channel.
Looking at the CAR Avis Budget Group options chain, i would buy the $205 strike price Puts with 2022-11-4 expiration date for about $4.10 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
CAR - bounced off the long term EMA and has been trending towards a 100% gain. What will happen next? Is Avis on your radar?
Self explanatory... indicators looking pretty good.
$CAR displaying volatility contraction since Q3 ER. have a very defined 4-months DTL with flattening RS and KMAs since late January. today $CAR is on track for its 5th up days in a row, remaining above all its KMA to rising 10/20 MAs since breaking out of the DTL last week.
pretty clear inverse head & shoulders. could be the catalyst it needs to send back to previous highs
trying to knife catch $CAR, this diagonal has been resistance twice and now possibly support
Here we have our $AVIS chart. After news reports flying it to astronomical highs, It has since come back down hard. This is because a stock can only go so high before it comes crashing down, as Sellers rush in to take advantage of the price, if they can borrow shares.. It is likely to drift further down back into reality, given its current...
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Idea for CAR: - There is nothing more of a bubble than used car market right now. - See Technicals on chart. - Capitulation date Aug 27. TP1: 46.75 GLHF - DPT
The Avis price could drop in the short term where there will be a lot of volume as people buy cheap knowing the price will retest recent highs.
It is still Too Risky investing in this company. The wisest Option is to HOLD. Technical analysis might suggest that if the level of 31 USD will not be broken there might be an opportunity for a short term investment to go long as per major trend. The ides is to follow the trend only if the support will not be broken and it applies only to a short term period analysis.
NASDAQ:CAR The Idea is to go long, mainly because the top resistance line has been broken and because Enterprise has been bullish since last month and I do not see why Avis should not follow Enterprise Car rental. (Hertz is a totally different story and it is complicated to compare Hertz with others Rental cars)
NASDAQ:CAR Short term - go long Long term wait to see if the support line will be broken before buying (Option A) or selling (Option B)