Uber Is About to Have a Golden CrossRide-sharing company Uber Technologies has had bad times and good times since its IPO last May. First, it had to cut its offer price. Then it fell all the way down to the mid-20s as investors worried about its profitability and sprawling operations.
But one by one, CEO Dara Khosrowshahi has moved to address those issues. He's exited non-core businesses and focused on making money. As a result, UBER was able to move forward its profitability goal the last time it reported earnings on February 6.
The stock gapped higher at the time, but then coronavirus came along and smashed it down to where it began 2020.
Meanwhile, enough time has passed for UBER's 200-day simple moving average (SMA) to appear. And guess what? Its 50-day SMA is about to rise up through the 200-day SMA. A "Golden Cross," could potentially occur in the next 1-2 sessions.
Another pattern on the chart is a tight ascending triangle since last Thursday. UBER's made incrementally higher lows while pushing against resistance at $34. That could be a potential trigger level for traders looking to hail a ride on the stock.
IPO
Luckin Coffee: A Promising Company Likely to See Major Upside Welcome to PrimeXBT ’s professional analysis of the stock prices of Luckin Coffee Inc. which is a chain of coffee shops.
Fundamental Analysis and News:
Often labeled the Starbucks (NASDAQ:) of China, Luckin Coffee (NASDAQ:) had a strong 2019 thanks to large unit expansion, huge revenue growth, and significant margin improvements. Fortunately, all of those things will continue in 2020.
Luckin Coffee went from 2,000 to 4,500 coffee stores in 2019, and new management projects are set to hit 10,000 stores by 2021, so robust unit expansion will stick around in 2020. At the same time, each of those stores will experience huge comparable sales growth, backed by China's young consumers' love toward coffee consumption. Furthermore, all of this growth will come at a time when expense growth rates should lessen as the company's rate of expansion slows, so profit margins should meaningfully improve and losses should shrink.
In other words, 2020 will be an extension of 2019 in terms of the company sustaining big growth. As such, bulls will remain in control, and LK stock will continue to move higher.
Technical Analysis:
Luckin Coffee Inc. holds buy signals from both fundamental and technical analysis. Some negative signals were issued as well, and these may have some influence on near-term development.
The Relative Strength Index on the LK chart, for example, is flashing signs of bearish divergence. Its price's reached the resistance line of the ascending channel. On downwards corrections, there will be some support that’s coming from uptrend line and 23.6% Fibonacci — which is one of its major support levels.
Resistance Level: $46.8
Support Levels: $44.4, 41.5, 38.5, 33.3, 28.65
Volume: 29.515M
Day's Range: 41.61 — 45.73
Market Cap: 10 B
As always, be careful, and don't forget about capital & risk management.
Stay tuned for future technical analysis, news, updates, and more from PrimeXBT .
UBER trendreversal confirmed? Welcome fellow tradingviewers,
This is one of the first individual stock pick that we are going to be analysing in 2020.
Uber is one of the best known brands by name among millenials and one of the failing IPO's we have seen so far.
Without further due, lets look at the chart:
Weekly:
- Morning star pattern has been formed, which is usually known to be a trend reversal pattern.
- Volumes have been increasing a lot.
Daily:
- We have closed above the 100 MA indicating more upside to come
- We can clearly see volumes increasing
- Big bulllish engulfing cande on last weekly close
4 Hour:
- We have found support above the 200 MA indicating more upside to come
We are looking forward to see what 2020 is going to bring UBER, we are long for now!
We kindly want to remind you that we are only showing you guys our view and that this should not be considered as financial advice.
However if you found this analyses useful please don't forget to leave a like !
And if you have anything to say about our analyses let us know in the comments below!
Kind regards,
Forallcrypto
Beyond Meat finally looks attractiveWith Beyond Meat finally having returned to its IPO-day price range, the stock finally looks fairly valued. BYND may stay here for now, but if its earnings outlook improves then it could once again explode higher. I think this stock has a lot of upside potential in the next two years, with analysts currently forecasting huge earnings growth. The current analyst summary score is pretty bad, at 1.1/10. However, it has a "buy" rating from Zacks, which is one of the most accurate analyst firms, and a low summary score means there's a lot of opportunity for upgrades to move the stock price. I also see a fair amount of bullish divergence on the chart.
The REAL dealHello traders, Crypto Crusader here with a small cap analysis.
This analysis is on TheRealReal ticker "REAL"
The fairly recent IPO in June of this year received a listing price of around $30, at the time of this writing, we are trading around the $17 mark. Given how small of a company they still are, there is large growth potential moving forward for a tentative medium term hold (1-3 months). There hasn't been enough time to properly print weekly, along with monthly candles, however, it's important to note that on the weekly time-frame RSI levels are oversold and sit around 33 (the magical oversold RSI #). Regarding daily candles for RSI, we are beginning to pick up momentum and are headed in a neutral direction to 50 given this indicator is a derivative of sorts. A 2 month bottom in RSI when "REAL" hit ~$13 is the parallel I'm using for the 2 month RSI bottom we currently are witnessing. To pair with the bottoming of RSI previously, and currently, we have the MACD VSI indicator. You can see the inflection points along with the convergence picking up pace. The MACD VSI is mirroring what the RSI is representing regarding momentum in price action. To add a tertiary layer to this analysis we have decreasing selling volume, while buying volume remains at a stable level. I believe within my above mentioned time-frame a sell target of ~~$22, while subsequently getting a double bottom fake-out that dies off, and or, a fake-out that would play down to ~~$13 levels, making this trade a massive loser opposed to a fairly decent winner at 40% gain +- 5%.
As I mentioned earlier, this company hardly even has a 2 billion dollar market cap and is extremely small in the retail space and in comparison to their competitors alike, however, their disruption in this market could prove favorable given their system to consignment.
Hope everyone is enjoying an early holiday and spending some time away from their charts for; family, good company, food, and personal hobbies/endeavors.
May the trades me with you,
Crypto Crusader
UBER - Don't buy the dip, yet...Analyst earnings review
UBER had third-quarter earning results above the top- and bottom-line S&P Capital IQ consensus expectations.
However, we still expect losses in Uber Eats, along with more aggressive investments in ATG, to delay Uber’s first full-year adjusted EBITDA until 2022.
Analyst target: $58
Uber's IPO lock-up period over!!
Tomorrow November 6th, 2019 . Investors who got in at the IPO, can now start selling their shares.
We could see a potential drop, as it has happened with other IPO's so far.
BYND bullish cypher and demand zone after the earning CRASH.BYND actually had a nice earning report yesterday while as the locked up period had ended,
it was sold-off fiercely.
Still, alternative-meat industry has lots of rooms to be imagined,
to look for a careful buying opportunity isn't a crazy idea!
Here we got this bullish cypher pattern and little demand zone structure near 68.00 spot,
I would be interested in the long with 2 possible outs:
1. short-term: below 60.00 (a 10%-risk trade)
2. long-term: below 45.00 (a 30%-risk investment)
By now the market still need to digest the selling pressure so I'm in no hurry to get in the trade,
to wait for a clearly reversal sign there as a final confirmation of this idea is necessary!
Let's see how it goes yo!
CloudFlare: IPO DarlingI have a hard time analyzing IPOs because there's very little technical data to analyze, but I do have some personal industry experience with CloudFlare. The sentiment and fundamentals for this firm are strong, and that's all you can analyze with IPOs!
They're a tech company. They're positioned to eat Akamai's dogfood, too. They're not yet profitable, but that's common for a young company in the technology and internet space. They've increase revenue 43% from 2017 to 2018, and their racking up new paid customers like it's going out of style.
Take a look at the data for yourself:
www.forbes.com
medium.com
Pamp it... and cryWay to over valued like all tech ipo’s. Like most tech IPO’s it’ll pump for a little bit, then we’ll expect a drop when the original share holders sell, and buy more at the bottom.
Check, the IPO’s of SNAP, FB, SPOT, LYFT, UBER when they first when public.
I’d wait until more data appears on the charts, give it a couple days to weeks, to put a real buy order.
HCAT - danger aheadThe recent Medical-Tech-SaaS IPO had some problems in their S-1 report. I expect it to sink to "below ipo level" as the problems could show up in 1-2 quaters after IPO.
The problem is called "Medicity buyout" and hiding the price of acquision besides the main datasheet in S-1.
Second problem is that it has very slow growth.