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SPLK

A Quick stock flip of 20$ movement -3 days max!So this one is purely technical and simple as it gets. We are looking at Splunk stock - if you are not familiar with it its a data analyzing software company , machine data platform mainly... but we don’t really care about fundamentals on this one -this is a pure technical move. Stock had bad earning released last week and fell from its highest high at 225 all the way to 152 and went up to 161. if we look at 3 factors we can understand the reversal is going to be fast and strong : 1. POC - the point if control -the "demand " is at 184$ meaning the spread between 184 to 161 needs to be retraced and volume will need to accumulate there -in simple words stock will have to climb its way back up to 181$ acc to the demand 2. GAP - we all know gaps need to be filled and where there is gap there is "market curiosity" and the stock will need to travel through the gap before it really completes its downward trend. 3.FIB levels - so we waited after the stock dropped on Thursday and we let the dust settle to see there is no further downside from the selloff FOMO it experienced - once that stage is done we put our FIB retracements and look at the 50 line as the main line for indication because we are talking about a SHARP drop so the 50 line will usually be touched in these cases and not the 38. So basing on these 3 simple indicators and along with the fact we are talking about a huge STABLE company (has also salesforce as its client and many more), and the earnings were not as bad as sit looks - earnings expectations were 613 million and company brought 599 million -missed by 9 cents a share, we are looking at a very easy play -limit order on the 160$ line and we take it to 180$ line from there we watch the expected convergence that will happen on 180 and see if we need to pull out or keep riding it to 200$ - the stock will reach 200$ there is no doubt ! the only questions is will it bounce right back to 200 or bounce to 180 and then slowly climb to 200 - well who cares :) if we buy enough on the 160$ line and take to 180$ that is already 20$ per share or 12.5% on our money in less than 3 days so that’s good enough for me . we flip stocks on a short time periods of up to 3 weeks and not more, if 5 trillion dollars a day exchange hands, we need to get a part of that action :D Marry Xmas and safe trading from FDGT HERE is the weekly view on same chart :
SLong
by FDGT_academy
4
Oversold: if recovers will gap to $180As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock. Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last week. That means there’s potentially for a smaller gap back up if the stock stabilizes, accumulates, and tried to breakout. Stabilization It’s beginning to stabilize with volume at it’s current level, having good give and take. It’s quite possible it will begin to rise and if so look out above. In summary, I think there’s an opportunity here. I’d be uncomfortable taking it without considering their fundamentals, so be sure to do your own due diligence before making a decision.
SLong
by PreferredStonk
SPLK in danger of correctionSplunk, recently downgaded to a sell, shows a stiff resistance at the $223 level. Two days in a row, it had tried to break this level, and both times it was rejected and sent back down. Notice a couple of Dojis on the pattern on the uptrend, usually signaling a reversal, we then look for an area of value, which we now have. Support Levels at the 20MA, 50MA, and 100MA at $200, $194, and $180 Technically, although harder to see this, and more unlikely, there is a bullish pattern in play, if the stock makes it above the $225 mark, a reverse heads and shoulders pattern to play out in the short term.
SShort
by Shwayze
1
SPLK, MACD Histogram just turned positiveThis is a Bullish indicator signaling SPLK's price could rise from here. Traders may explore going long the stock or buying call options.Tickeron A.I. dvisor identified 49 similar cases where SPLK's MACD histogram became positive, and 39 of them led to successful outcomes. Odds of Success: 80%. Current price $188.46 crossed the resistance line at $184.26 and is trading between $196.80 support and $184.26 resistance lines. Throughout the month of 08/27/20 - 09/29/20, the price experienced a -13% Downtrend, while the week of 09/22/20 - 09/29/20 shows a +1% Uptrend. Bullish Trend Analysis The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SPLK's RSI Indicator exited the oversold zone, 23 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 79%. The Moving Average Convergence Divergence (MACD) for SPLK just turned positive on September 29, 2020. Looking at past instances where SPLK's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 39 of 49 cases over the following month. The odds of a continued upward trend are 80%. Following a +6.82% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPLK advanced for three days, in 267 of 346 cases, the price rose further within the following month. The odds of a continued upward trend are 77%. The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 234 of 322 cases where SPLK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.
SLong
by AlTorress
SPLK (Splunk) retraceSplunk has a solid uptrend over the long term, as well as a STEEP uptrend since the major pullback of March. The stock had crashed roughly 40% in March, comparatively over its overall uptrend, and bounced off the Fibonacci ratio of 61.8%. This was met with strong resistance, which coincided with a steep uptrend. Currently, we are witnessing just a small profit taking, as the stock may bounce from this resistance level. We expect this stock to potentially run into resistance again at the All Time High, which may create a double top leading to a bigger pullback. However, if uptrend continues, we are looking at the targets of $260, and $300 (short term and long term 161.8% Fibonacci Extensions - Round numbers theory) If the stock retraces more, we have our support areas mapped out, the blue lines coincide with 50 and 61.8% Fibonacci retraces, and would be areas of strong resistance. If we see a strong bounce from these lines, this will be a buy.
S
by Shwayze
3