SQ 24H 2/22/2024 11:30am NYSE:SQ SQ has been consolidating form the $60 to the $70 range since February 2023. Candle Close above $67.56 looking for targets to the upside. Target1: $75 Target2: $80.47 Candle Close Below $66 looking for targets to the downside. Target1: $62 Target2: $60 Target3: $55 by gemarcellus2xlt8Published 4
SQ BULLGood structure on SQ. Head and sholders and cup. Massive movement will give a positive report Target ; 1.77 USD 2. 90 USD Longby TommyChong77Published 223
Block Inc long expected to hit 146$ stop at 64$idea of this stock will start from passing 80$ to 90$ then to 146$ stop by breaking. 64$Longby sharbi68790Published 2
SQ 3d Chart, Q1 2024Tracking Block Inc., this has been consolidating in the same range over the last few months and looks to be forming a reversal inverse head and shoulders. Barring any major market shocks, I can see this jumping to the 75-80 range in the next few weeks - as long as they don't shit the bed with their earnings. Longby cmergedPublished 1
SQ - wait for discountSQ - pulling back into buy zone. Wait for around 50ish. Earnings in couple of weeks, I bet this will reach the buy zone before that. If earnings beat with strong forecast, can push this higher. Stop Loss - 40 Long entry - 50-54 Target # 1 - 100 Target # 2 - 130 Target # 3 - 150Longby just4tradinPublished 3
SQ Bullish outlook why? Bull Case for SQ ! Fundamentally its a very strong stock that has fair value at 80+ Tehnically there are multiple bullish cases 1) it is bouncing off a fib golden pocket retracement 2) it is making simple HH and HL as per dow theory 3) if it breaks above 72 level then it will be breakout from a very long bear trend Entry @ 73 keep in mind it might retest 71 level of decending bear trend line once it retest the outside of the bearish trend line and move upwards again then its confirmation of movement until 81 at least TP @ 81 tp2 @ 89 tp3 will keep runningLongby vortexTradingSolutionsPublished 3
SQ Short Term Trade ideaPrice recently hammers off 9/21 cross, ran over 80% on shares in 2 months last time this happened, Williams %R and MACD look poised for an earnings run up on 2/22. Looking for a retest of 9 ma of daily close over strong volume to get long, eying 2/22 $70 calls that closed at $1.75 on Friday 2/2. Longby SamMatthews9Published 0
$SQ Inverse Head and Shoulders Forming And Bull FlaggingNYSE:SQ has been on a tear recently but is now starting to pull back with the rest of growth names. It looks like it may be forming an inverse head and shoulders here and it's bull flagging. Target 1 = 80 near the neckline for the IHS. Target 2 = 91 top of uptrend channel from November bottom. Target 3 = 103 top of long term uptrend channel in green. Bull flag and IHS broken under 55.Longby youngbosniaPublished 3
Descending triangle / Triangulo descendenteThe descending triangle is a chart pattern used in technical analysis. The pattern usually forms at the end of a downtrend but can also occur as a consolidation in an uptrend. A regular descending triangle pattern is commonly considered a bearish chart pattern with an established downtrend. ---------------------------------------------------------------------------------------------------------------------- El triángulo descendente es un patrón gráfico utilizado en el análisis técnico. El patrón generalmente se forma al final de una tendencia bajista, pero también puede ocurrir como consolidación en una tendencia alcista. Un patrón de triángulo descendente regular se considera comúnmente un patrón gráfico bajista con una tendencia bajista establecida.Longby Pepe_S_PrinterPublished 332
SHORT SQ!There are clearly some parallels showing that sq will most likely go down. Also to add on to the heat the market is due to see some bearish movement because its been too bullish.Shortby nadfanousPublished 4
Looking for a short on SQ. Hello, everyone, as always thank you for reading and looking at my analysis on $NYSE:SQ. As you can see here on the daily chart, we are currently in a major supply zone. We are over-extended from the 200 MA, we are oversold, and the buying pressure on the MACD is slowing down. Now, all I am looking for is a strong bearish candle with a valid volume day to confirm that we are reversing to the downside. Now, with my style of swing trading, I do not set a stop-loss so make sure you ONLY risk what you are willing to lose. Thank you, again for joining me in my analysis of SQ. I pray you have a wonderful Christmas with your family. Shortby OptionsMasteryPublished 336
SQ: RSI, MOM, OBV bullish divergence on a monthly chart Block Inc (SQ) is showing signs of a bullish reversal on the monthly chart, as it displays a divergence between the price and three momentum indicators: RSI, MOM and OBV. The price of SQ has been making lower highs and lower lows, forming a descending channel pattern. However, the RSI, MOM and OBV indicators have been making higher lows, indicating that the selling pressure is weakening and that the buyers are gaining strength. The RSI measures the momentum of the price movement, and a divergence occurs when the RSI moves in the opposite direction of the price. The RSI has been rising from 32.77 in July 2022 to 46.01 in October 2023, while the price has been falling from $75.23 to $48.68 in the same period. This suggests that the downward momentum is slowing down and that a reversal may be possible. The MOM measures the rate of change of the price, and a divergence occurs when the MOM moves in the opposite direction of the price. The MOM has been rising from -19.23 in July 2022 to -1.69 in October 2023, while the price has been falling from $75.23 to $48.68 in the same period. This indicates that the rate of decline is decreasing and that a turnaround may be imminent. The OBV measures the positive and negative flow of volume in a security over time, and a divergence occurs when the OBV moves in the opposite direction of the price. The OBV has been rising from 1.16B in July 2022 to 1.25B in October 2023, while the price has been falling from $75.23 to $48.68 in the same period. This implies that there is more accumulation than distribution of shares and that the demand is increasing. All these indicators suggest that the stock may have bottomed and that a new uptrend may begin. However, the stock may face some resistance at the 200-week moving average, which is currently around $65. The stock may also experience some volatility and corrections along the way, as the market conditions and investor sentiment may change. Therefore, I would still be cautious and flexible, and use stop-loss orders and risk management techniques to protect my capital and limit my losses in case the stock does not behave as expected. Longby jkish19871Updated 10106
$SQNYSE:SQ is about to hit resistance. wait for a pullback to support to make an inverse head, then shoulders to go long. Longby JoshW04Published 2
SQ - Bearish trendWithin channel charting - invalidated if broken support line. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Give a thumbs up if u like the analysis :)Shortby SmartisUpdated 3
November momentum-stocks compared. +52% to -1.52%Are todays hot stocks tomorrows winners? Over time we will know. SQ, BE, Snap or NVDA? From the October low to 25 Nov the market has seen significant momentum. These are my stock holdings. SQ has made the biggest contribution in November. Plotting your holdings can help in deciding what to hold and what to sell. Now could be a good time too cut out the poor performers with negative outlooks. Or you might want to add to or reduce your holding sizes. Good luck on your investing journey. by AK-at-eToroPublished 2
$SQ SQ SQUARE BLOCK - EXTREMELY OVERSOLD & FALLING WEDGESQ very oversold RSI reading below 20 Last time it was THIS low, it pumped from ~$102-$130 before making dumping to make a local bottom (drop to ~$85 and then another pamp to $145). Some quick fast nice profits. Anticipating it should mimick similar and pamp to at least $49-$59 from this area before dropping lower. Patterns tend to repeat and mimick, historically. Will update with EW count and fibsLongby CryptoHolixUpdated 282812
SQ | Block| Purchase zone 15-17 $Medium-term long position. The instrument purchase range is $15-17 I suggest buying an asset from the level of $ 15-17 When we reach these levels, I will make a further forecast. Stay tuned to find out more ideas.Longby AleantTradeUpdated 110
Will Companies Like Square (Block) Ever Make a Comeback?Ah yes... I remember the good ol' days of Square (now known as Block). It was one my best investments in my short career as a trader/investor. Way back when, the story was quite obvious: they had created the best solution for small businesses to sell goods & services either in a store or online. It was fast and effortless. The rise of Block, and subsequent drop, has been something to marvel at. I had sold my position many moons ago, but it's remained on my watchlist because I like the company and what it stands for. Some people have given it a very hard time for its rebranding to Block, its new logo, and mission. However, considering that they are payment experts, I think it's notable and worth watching. Nevertheless, can the stock really make a comeback? The chart is horrendous. One factor contributing to this downward trend is the significant acquisition of Afterpay, which required a substantial amount of cash and stock, impacting Block's balance sheet. I still have NO idea why they paid this much to acquire an average company. I guess the hype and FOMO of BNPL really got to them. In August 2021, Block announced its intent to acquire Afterpay, a prominent "buy now, pay later" fintech company. I think the story made sense - it gave them the capability to add their own credit network. However, the sheer size of the transaction was just bonkers. Block currently has a market cap of $28 billion. BUT, they acquired AfterPay for $29 billion! Ouch... the company is now worth less than their recent buyout. It's important to note that such significant acquisitions often take time to yield the intended benefits. The share price decline may be partially attributed to investor impatience and a lack of immediate clarity on how Block plans to integrate Afterpay into its broader ecosystem. The question is simple: will AfterPay ever yield the payout that Block intended it to have? If the answer is anything but "yes - it's happening" there's no reason to trade or invest in this any further. HOWEVER, if there are glimpses that show, just maybe, Block made a smart acquisition, adding a new layer to their payment network that is only just starting, then the return to highs is not far-fetched at all. The trade is simple: watch to see how Block continues to integrate AfterPay, and, it is starts to work, it's worth evaluating further over 1-3 year comeback in share price. by scheplickPublished 7710
SQ, BUY, 15.51% PROFITBought NYSE:SQ on 11/2/2023 at market close and closed the position on 11/3/2023 at market open. Net 15.51% profit. Longby 1hour_tradingPublished 2
Square 3-day death cross3-day death cross is showing as converging on this 1-day chart. It is almost certainly unavoidable. Or I should say, there is a high degree of probability those moving averages will cross to the down side. An ugly week ahead for this San Francisco mobile payment company. If $27 does not offer support.... will reexamine at that point.Shortby without_worriesUpdated 101016
$SQ Bearish to Bullish Reversal Bottoming PatternNYSE:SQ Bearish to Bullish Reversal Bottoming Pattern with a bottoming pattern developing. by AlgoTradeAlertPublished 2
Block (NYSE: SQ) Could Be On The Conduit Of Potential Catalysts'Square-parent Block (SQ) on Thursday reported third-quarter earnings and revenue that topped estimates. SQ stock jumped on preliminary 2024 guidance for earnings before interest, taxes, depreciation and amortization, a key metric known as EBITDA. Released after the market close, Square earnings for the period ended Sept. 30 were 55 cents per share on an adjusted basis, up 31% from the year-earlier period. Analysts had projected earnings of 47 cents a share. Also, Square said net revenue rose 24% to $5.62 billion, including Cash App transactions for digital cryptocurrency Bitcoin. SQ stock analysts had predicted revenue of $5.42 billion. On the stock market today, SQ stock surged nearly 19% to 52.29 in extended trading. In Thursday's regular session, Square stock rose 7.3%. Square Stock: EBITDA Key Metric Financial analysts also view gross profit as a key metric for SQ stock. Gross profit rose 21% to $1.9 billion, edging by estimates of $1.895 billion. Cost-cutting boosted earnings before interest, taxes, depreciation and amortization, a key metric known as EBITDA. It jumped 46% to $477 million, handily beating estimates of $378 million. For fiscal 2024, Square said it expects EBITDA of $2.4 billion, up about 44% from this year's estimated $1.67 billion. Analysts had projected 2024 EBITDA of $1.94 billion. In Q3, gross payment volume from the transactions of merchant customers rose 11% to $55.7 billion, missing estimates of $61.14 billion. SQ stock had retreated 24% in 2023 heading into the Block earnings report. San Francisco-based Block's earnings included consumer lending firm Afterpay.Longby DEXWireNewsPublished 337
SQ-Potential Scenarios to Watch for Over The Next...Head and shoulders pattern identified on the weekly chart. I will be watching for a break or retest of the 52 week low or a break and hold above 47.50. A break below the 52 week low would confirm that market participants want to take the stock lower. However, a break and hold above 47.50 would confirm that participants are interested in taking the market higher. On a lower time frame (specifically the 4H chart), data shows price broke below the .618 fibonacci retracement level and retested (see image below). The stock could potentially move lower being that it retested the . Furthermore, price rejected the same level three times on the 1H timeframe. Something else that should be pointed out here is the daily chart shows an increase of sellers over the last three trading sessions. *Side note -Interestingly, SQ is in the price area it was at the beginning of COVID-19. A break below the 52 week low may cause price to retest the low from April 2020. Should price reach the low from April 2020, we should watch to see if price finds support or breaks down further. by MrALtrades00Published 2