Get started

Foodservices

Are the Dominoes about to fall?December 2022 saw Domino's reaching a high of $567.57 before reaching a base of $285.84, a drop of 50% from the highs. Since then, DPZ has rallied with the rest of the market, up 22% YTD aat press time, seeing a level of sell pressure as it dances around the $500 mark. Looking at the daily timeframe below... ...you can see a topping out structure as the C wave of a larger wave B approaches the 1.272 fib . This, I suggest will be followed by a Wave C of your larger A-B-C corrective pattern, targetting the 1.272 or 1.618 extensions of the wave A ($567.57 to $285.84). The targets are as follows: - 1.272: $209.03 (-58.37%) - 1.618: $164.87 (-66.93%) Looking at reasons for this, I can't find much. The one thing I do find worrying is the company's nagative equity situation. In their Balance sheet for the year end 2023, Domino's reported $1.77bn in total assets and $5.84bn in liabilities. A worsening of this situation would definitely be a cause for concern. Since much of this is most likely property debt, with a slowing down of the housing market, and potential reversal on the cards(?), my thesis would be that Domino's would no longer be able to afford their properties. Anyway, let me know what you think....and if you'd choose Domino's over pizza Hut. Cheers for reading
NYSE:DPZShort
by joshuashepherd877
Libstar soon to rocket to R5.00?These Penny type stocks are very difficult to analyse technically. There is little volume, high volatility and almost no liquidity. You can see this by jumping candlesticks between ranges (bids and offers). So we can deduct a few things but with less certainty than with Blue Chips. 1. Downtrend broken 2. Price ready to break above 200MA - Bullish trend 3. Price to break above the Rectangle formation - Bullish. If we get a strong push above the range, the next target could be well to R5.00. If it breaks down, then things will change to bearish. ABOUT THE COMPANY Libstar Holdings Limited, a prominent player in South Africa's food and consumer goods industry: Established in 2005: Libstar was founded to acquire and grow businesses in the consumer packaged goods sector, aiming to create products that enhance family unity​​. Headquartered in Plattekloof, South Africa: The company operates from its headquarters in Cape Town but has a presence across several provinces in South Africa​​. Wide Range of Products: Libstar boasts an extensive portfolio of over 9,000 products, including dairy and meat products, fresh produce, groceries, and more​​. Segments of Operation: The company operates through various segments, including Perishables, Groceries, Snacks and Confectionery, Baking and Baking Aids, and Household and Personal Care​​. B2B and B2C Focus: Libstar serves both business-to-business (B2B) and business-to-consumer (B2C) markets, offering outsourced manufacturing solutions and food service solutions alongside its consumer products​​.
JSE:LBRLong
by Timonrosso
CHEF a consumer discretionary stock to relish LONGCHEF on a 4H chart has been trending up since earnings in November. The report last week was improved over November's. I got this one January and uploaded an idea then. CHEF has ran 25% since then. The bot alert is signaling SELL. RSI is at 64 and not yet overbought on a period of 14. The mass index is signaling a reversal down at it went over the threshold and then triggered. I see CHEF ans a good stock that did 25% on the shares and 150% on the options since my buy. I will sell the full position here. I will wait for a period of consolidation and Bollinger Band tightening and a flat Supertrend line to make a sizeable new entry.
NASDAQ:CHEF
by AwesomeAvani
KR a food sector leader for a safe modest trade LONGKR in early August rose from its usual range into a head and shoulders from which it trended down into its present lower base. I see this as a good setup for a long trade to reach to and possibly beyond the mid Fibonacci retracement levels also confluent with horizontal R/S lines drawn from the pivots to the left. I will take the very safe long trade taking partials at the levels above as drawn onto the chart with 30% at the 1st and 2nd partials and 20% for the 3rd and last. I will also take a trade in some call options. If you would like my idea of the best calls in my opinion, please leave a comment.
NYSE:KRLong
by AwesomeAvani
TSN recovering from drop and pullback after Earning Miss LONGTSN is shown here on a 4H Chart. It upended for a month into earnings and then disappointed with a miss. Following a drop from the miss, it has struggled to regain its price level. At this point, price has crossed over the POC line on the volume profile suggesting a preponderance of selling pressure Likewise in confluence price has crossed over the mean basis line of the Bollinger bands while the RS indicator shows lines at above the 50 level. I see this as suitable for a long entry while expecting the price to gradually more up as traders consider whether to take a position after the retrace from the earnings miss. While this is not in a glamorous or hot sector, the food industry seems well suited to grind out some profits while the general market recalibrates and corrects.
NYSE:TSN
by AwesomeAvani
APRN Gained on Big Earnings Miss SHORTAPRN on the 2H chart demonstrates continued burning of cash and the burn rate is more than the estimates of the analysts. With the double Bollinger Band overlaid, Price since those dismal earnings has increased up more than 50% and is now at the dynamic resistance of the volatility bands. Confluent with its rise to the upper bands is the rise of price to three standard deviations above the mean VWAP. I see this as a short trade setup with the price falling to the 0.5 Fib level confluent with the POC line of the volume profile as well as the mean VWAP which I will target in the trade. If you want my idea as to the put option equivalent parameters, please leave a comment. ( like and follow if you are inclined !) I am looking to get 20% out of the short sell. The put option is screaming for at least 100% and potentially double that.
AShort
by AwesomeAvani
SBUX upcoming earnings opportunity LONGSBUX fell going into earnings in early May and continued down all of May then pivoting into a slow climb on this 2H chart through the lower anchored VWAP bands until the present where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green slightly above the higher in black. I see SBUX rising in the earning upcoming this week. The target is the ascending trendline in black at about 104 for a quick 2.5% ROI in 2 days. I will play this with some call options contracts striking 102 expiring August 11th. I will take half of them off with a 50% unrealized profit and let the remainder run until 8/9 to avoid acceleration of time decay.
NASDAQ:SBUXLong
by AwesomeAvani
BYND- Is there more meat on the bone?BYND has had a good trend up over about 15 days rising about 40% over the interval. The question that arises is whether the trend is now near to a top and so consolidation or reverse or instead can it continue higher? The indicators may give a hint on the 4 hr chart which being a higher time frame has better reliability than a low TF. About a week ago price crossed over the mean VWAP anchored to the beginning of the year. This demonstrates bullish momentum and concurs with the other indicators. Professional traders see the VWAP as an " over/under" of sorts something well known to sports betters. The Lorentzian Indicator which uses machine learning an many parameters including moving averages, average directional index, RSI and CCI printed a buy signal on June 23rd and has not yet printed a corresponding sell signal. The MTF RSI by Chris Moody shows both TFs with RSIs in the 65-70 range showing BYND not to be overbought and overvalued. The MACD indicator shows the K and D lines in parallel well above the positive histogram. There is no the suggestion of an impending line cross. Fundamentally, BYND products have not inflated to the extent of beef, port and chicken. Overall, I see an opportunity for a long trade. I will drill down to the 1 to 5 minute time frames and look for a pivot low. The target is about 50% upside at $22.5 the pivot high of this year in March. I will take partia profits along the way while raising the stop loss in lockstep with those profits as an effective risk management exercise.
NASDAQ:BYNDLong
by AwesomeAvani
Food Gaint Kroger reverses from a trend downKR has an overall fairly narrow trading range. On this 4H chart, it is presently in a symmetrical triangle or slowly rising wedge. Earnings beats have been respectable. KR reversed on June 1 at the trending support line and is heading toward overhead resistance. Just before that upper resistance trendline is the POC line of the high volume area of the profile where high volatility and increased trading could result in a bounce and fall. Confirmation is found in the zero-lag MACD indicator which shows a K /D line cross under the histogram. I will take a long trade on KR (reversion to the mean) with the stop loss at that pivot low on June 1st and the target a nickel below the POC line at 48.95. I see this as a low-risk and low reward trade which may also be the basis for adding a low risk call options trade to the options portfolio.
NYSE:KR
by AwesomeAvani
CMG Trading SidewaysCMG is currently very extended and has bounced between 1320 and 1565 in 2021. With the two major pullbacks in CMG occurring when the stock had an RSI of above 60, it seems very likely that the company is due for another pullback now that the RSI has surpassed 70. On the other hand, the stock does like to be volatile and can fake people out like on March 5th when it looked like the stock was going to break downward, however, the stock ended up returning back to the channel. I would not be surprised if CMG did it again and psyched people out by destroying shorts and then finally plummeting back to the 1320 range.
NYSE:CMGShort
by Mr_Meowster
Indication of price movement Q1 2021, AholdWe can see a symmetrical triangle forming on the charts of AHOLD. This can lead to a breakout or breakdown. In my personal opinion i think we will see a breakout, taking into account COVID-19 and AHOLD's strong position in online retail with 'bol.com'(Notoriously used by dropshippers), revenue growth is very likely. Also the strengthening of their position on the US market within the niche of fresh groceries deliveries is a smart move IMO. Giving the hype and attention to a increasingly healthy and sustainable lifestyle, the acquisition of FreshDirect based in the state of New York gives AHOLD a nice incline within that market segment. Fundamentals are strong and BETA is low. As of writing date dividend levels stand around 4%. Overall: Nice defensive stock with increasingly growth potential.
EURONEXT:ADLong
by Borntowinn
NSP.V -- Ensuring food supply in BC during Coronavirus outbreakNSP.V is helping to ensure stable food supply in BC and has applied for government funding to retool and to up its production. Also offering natural anti-viral and anti-bacterial supplements based on curcumin that may help in preventing spread of COVID-19. The stock is cheap at $4.24 M and is reversing after prolonged downtrend. Bottom .025 has been tested and held multiple times. Buyers are stepping in in recent days as confirmed by bullish MACD cross and RSI/Stoch action. Very good chance of a bounce from current levels (.03), IMO
NLong
by wealth_bakery
2
McDonald’s: Where to buy for a long term investment.MCD (McDonald’s Corporation) has been trading within a very strong 1M Channel Up (RSI = 70.206, MACD = 17.720, Highs/Lows = 10.6514), which as seen by its technical action is on the Higher High zone. Based on its historic volatility within the Channel Up, we expect MCD to pull back for a Higher Low towards 190 before resuming the uptrend. A potential Death Cross (MA50 under MA200) should come as confirmation of a sideways phase (bottom is in) and a Golden Cross (MA50 over MA200) as confirmation of the next bullish leg. The RSI pattern seems to also be cyclical and in that sense we have hit the Higher High and are in anticipation of the Higher Low. Our long term Target is at least 240.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:MCD
by InvestingScope