Time to go back downPrice is facing tons of resistance. I think is going back to the support blue line. I just bought some puts as shown. Also we have a double top that is pushing the price down.
CROX trade ideas
CROX - Change in Trend and repeating history?Every time CROX closed above the range with high volume, a uptrend followed.
Will it be the same this time?
Fundamentally, they say, CROX is a steal.
Indeed, if I check the numbers and ratings, it shows me that CROX seem to be a really solid Company.
Although my prior analysis pointed to the Abyss, I now are more interested in a LT buy in CROX.
Let's wait for a high volume close above the range and then take a ride.
Crocs, Inc. (NASDAQ:CROX) Unravel The Hidden Gem(NASDAQ:CROX) Headquartered in Broomfield, Colorado, Crocs, Inc. (NASDAQ:CROX) engages in the footwear and accessories business. Crocs, Inc. (NASDAQ:CROX) stock closed at $96.84 per share. One-month return of Crocs, Inc. (NASDAQ:CROX) was -6.68%, and its shares gained 32.62% of their value over the last 52 weeks. Crocs, Inc. (NASDAQ:CROX) has a market capitalization of $5.97 billion.
Along with Exact Sciences, notable adds in the quarter included Twist Bioscience, Saia and Crocs, Inc. (NASDAQ:CROX). Crocs designs, develops, manufactures and distributes casual footwear and accessories for men, women and children. The company invented the molded plastic Clog in 2002 and has turned it into a $3 billion global revenue base. We believe expansion opportunities outside the US, demand from new product introductions (including from recently acquired Hey Dude) and distribution pushes within the direct-to-consumer and wholesale channels will drive greater-than-expected revenue growth. Given the company’s small market share, just 1% of the global footwear industry, we believe it has a long runway for growth.
Price Momentum
CROX is trading near the bottom of its 52-week range and below its 200-day simple moving average.
Investors have been pushing the share price lower, and the stock still appears to have downward momentum. This is a buy opportunity for prudent investors.
A deep dive into CROCS companyHello,
Crocs, Inc. engages in the design, development, manufacturing, worldwide marketing, sale, and distribution of casual footwear and accessories for men, women, and children. It operates through the following segments: North America, Asia Pacific, Europe, Middle East, Africa, and Latin America (EMEALA), and HEYDUDE Brand.
According to their website below are the things that you should look at before investing in CROCS
A Global, Scale Leader in Casual Footwear
>$3 billion of annual sales
Aligned with global megatrends such as casualization and personalization
Two Iconic Brands
The unmistakable Classic Clog of the Crocs Brand recognized around the world
The “Good to Go-To” comfort of HEYDUDE. Some of the cushiest, comfiest, airiest, featheriest, lightest shoes on Earth.
Strong Financial Profile
Sustainable, profitable revenue growth
Industry-leading adjusted operating margin of 26%+ Robust free cash flow generation
Experience & Skills
Management team with deep industry experience and essential skills
The Q2 2023 Highlights are as below
• Revenues of $1,072 million, +12% CC(1)
◦ Crocs Brand revenues of $833M, +15% CC(1)
▪ Asia revenues up +39% CC(1)
▪ DTC comparable sales growth +20%
▪ North America revenues +13% CC(1) driven by
sandals and new product introductions
◦ HEYDUDE Brand revenues of $239M, +3% CC(1)
▪ DTC growth of +30% CC(1)
▪ Digital growth of +37% CC(1)
• Adjusted diluted EPS +11% to $3.59 per share(2)
• Gross leverage was 1.8x at quarter end, allowing us to repurchase $50M of shares in July
• Crocs, Inc. was named to the Time100 Most Influential Companies of 2023
I will be looking for buy of this stock at around USD 55.02 areas with a target of USD 146 per share.
Good luck & Happy Investing.
CROCS Stock Chart Fibonacci Analysis 100123 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 85/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
CROX - 75% loss target.This is just for fun and observation, and has absolutely no statistical background, nor any proven "anything" §8-)
So, what do we have here?
1. The pattern.
The expanding pivot pattern is very known in the trading world of the Forkers. Personally I don't use it very often in my trading to carve any decision making facts out of it.
Others I know relay heavily on it.
2.There was 75% drop in the first leg.
My thought is, that because the pattern repeats on the second leg, the drop could also repeat. Same here, no proven facts, just tinfoil.
The only point in this second 75% drop I see is, that it's near the prior low, which could be a target for short sellers.
However, let's just observe it and put our tinfoil on §8-)
Happy Sunday folks.
CROX - CROCS - deeper pullback than expected but ready to run?CROCS is still looking to test the all-time high after this much deeper than expected pullback? Price retraced back about 61.8% which usually indicates that price will begin to find some support and then reverse. Keep an eye on CROCS in the news.
$CROX - Sitting on a supportNASDAQ:CROX Crocs is currently sitting on the $91 support area. If the current support fails, it could see further pullback.
Watch the following price levels for support and reversal:
- $81
- $65
The $81 area should be a strong support, as it is also a 200-week moving average area.
I will update the chart when the trend changes.
Like and follow me for chart updates.
Going back downMassive double top and big rejection weekly candles. Price may pull back, if it does I will add to my short. I have a small short position at the moment, it could take a few weeks to drop.
July Trades (CROX, account up 2.83%)13th day trade in July is NASDAQ:CROX on 7/28/2023.
Account is up 2.83%.
Total return in July is 19.2%.
CROX Crocs Options Ahead of EarningsAnalyzing the options chain and the chart patterns ofCROX Crocs prior to the earnings report this week,
I would consider purchasing the $120 strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $13.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BUY CROX @101-102.50 For bounce Back from current levelExcellent opportunity to add CROX in portfolio around 101-102.50 with stop loss @89.95.
Crocs - CROX - 50% away from All-Time Highs?Crocs - CROX - 50% away from All-Time Highs? So many people wear these shoes. How many people own the stock? How many people know that the stock is 50% away from all-time highs? If Crocs can maintain price above the 200 day EMA blue 'watermark', we may see more upside. What are your thoughts on Crocs?
This is going to hurtWell, the support at $110 zone is the only thing that keeps the price from dropping. I don't think is going to hold much longer.
How to pick winning stockswhen it comes to market analysis there would be an intense argument on what type of aalysis works for the market. While there is no correct answer for this since it all would depend on the individual trader. Some traders prefer technical analysis for several reasons. One key advantage of technical analysis is its focus on price action and market behavior. Technical analysis examines historical price patterns, trends, and chart formations to identify potential trading opportunities. It helps traders understand market sentiment, supply and demand dynamics, and investor psychology. By analyzing price charts and using indicators, technical analysis allows for more precise entry and exit points, helping traders manage risk and maximize profits. Additionally, technical analysis can be used in various timeframes, making it suitable for both short-term and long-term trading strategies. Another advantage of technical analysis is its ability to provide real-time insights. Price movements are reflected in charts and can be analyzed immediately, allowing traders to adapt quickly to changing market conditions. In contrast, fundamental analysis often requires extensive research into financial statements, economic factors, and industry trends, which may not provide immediate or accurate information about price movements. Ultimately, the choice between technical analysis and fundamental analysis depends on individual preferences and trading styles, and many successful traders employ a combination of both approaches.
Introduction:
Technical analysis is a crucial tool in the arsenal of successful stock traders. It involves analyzing historical price and volume data to make informed decisions about future price movements. By studying patterns, trends, and indicators on price charts, technical analysis helps traders identify potential buying and selling opportunities. This article serves as a comprehensive introduction to technical analysis, covering its basic principles, key components, and its significance in the stock market.
What is Technical Analysis?
Technical analysis is a method of evaluating securities by examining historical price and volume data. Unlike fundamental analysis, which focuses on factors such as company financials and industry trends, technical analysis is primarily concerned with price action. It assumes that historical price patterns and trends can provide insights into future price movements.
Key Principles:
Technical analysis is built on several key principles. The first principle is that market prices reflect all available information, including fundamental data and investor sentiment. Technical analysts believe that market participants act rationally, and this behavior is reflected in price patterns. The second principle is that price movements are not random; they follow identifiable trends and patterns that can be analyzed and predicted. Lastly, technical analysts believe that history repeats itself, and patterns that have occurred in the past are likely to occur again in the future.
Components of Technical Analysis:
Price Charts:
Price charts are graphical representations of historical price data. They provide a visual depiction of price movements over time, helping traders identify trends, support and resistance levels, and chart patterns. Common types of price charts include line charts, bar charts, and candlestick charts. Candlestick charts are particularly popular as they provide more detailed information about price action within a given time period.
Support and Resistance Levels:
Support levels are price levels at which buying interest tends to outweigh selling pressure, preventing prices from falling further. Resistance levels, on the other hand, are price levels at which selling pressure tends to outweigh buying interest, preventing prices from rising further. Identifying these levels is crucial as they help traders determine entry and exit points for their trades.
Chart Patterns:
Chart patterns are recognizable shapes formed by price movements on a chart. These patterns provide insights into potential future price movements. Common chart patterns include head and shoulders, double tops, double bottoms, flags, pennants, and triangles. By understanding these patterns, traders can anticipate price breakouts, reversals, and continuation trends.
Indicators:
Indicators are mathematical calculations applied to price and volume data to provide additional insights. There are two main types of indicators: trend-following indicators and oscillators. Trend-following indicators, such as moving averages, help identify the direction and strength of a trend. Oscillators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), help identify overbought and oversold conditions and potential trend reversals.
Significance in Stock Trading:
Technical analysis plays a crucial role in stock trading for several reasons. Firstly, it helps traders identify entry and exit points for trades, optimizing profit potential and minimizing risk. By studying chart patterns and indicators, traders can spot potential breakouts or reversals and make timely trading decisions. Secondly, technical analysis helps traders gauge market sentiment. Price charts reflect the collective actions of market participants, providing insights into supply and demand dynamics. Lastly, technical analysis can be used in conjunction with other forms of analysis, such as fundamental analysis, to enhance decision-making and validate investment strategies.
Conclusion:
Technical analysis is a powerful tool in stock trading, enabling traders to make informed decisions based on historical price and volume data. By studying price charts, support and resistance levels, chart patterns, and indicators, traders can identify potential opportunities and manage risk effectively. While technical analysis does not guarantee accurate predictions, it provides a systematic approach to
Follow us over the next weeks as we explore topics that will guide you become a better trader and enable you choose the best stocks for your portfolio.
CROX- Double from here by the end of the yearTo consider the potential of this outcome, we can examine a few factors:
Recent Performance and Future Outlook: Crocs recently topped fourth-quarter revenue views and reported an optimistic 2023 outlook with profits exceeding analyst consensus views. The company expects revenue to grow 27%-30% with adjusted EPS of $2.06-$2.19 in Q1 2023, and full-year sales to increase 10%-13% to $3.9 billion-$4.0 billion2. It's worth noting that these figures exceed analysts' predictions of full-year EPS of $10.86 and $3.97 billion in revenue2.
Analyst Ratings and Industry Position: CFRA analyst Zachary Warring recently increased Crocs' stock price target to $150 and maintained a "Strong Buy" rating, indicating a positive outlook. Furthermore, Crocs leads the Apparel-Shoes & Retail Manufacturing industry group, which ranks a strong No. 12 among the 197 industry groups tracked by IBD2.
Technical Analysis: The stock recently bounced off its 200-day moving average, which is a significant long-term support line.
CROX Call It!I'll be looking to place a call option next week. Looking for a daily trigger either near yearly open or a daily close above quarterly open. I rarely trade options, but this one looks too good to pass up.
$CROX #CROX what a fine trade Having much sects on 1/3 position with trim and trailing ,also added on the rise was a great shoe experience here
Hoping same for NYSE:ONON (position )
Refusal check on day trade , but held nicely on timely additions in batches
Made money in 2023 !
CROX - Approaching resistance. Consolidation before going up.CROX is approaching the 144 - 146 resistance zone.
It's possible for it to go for 148-150 but I won't chase it as R/R isn't good enough for me right now.
I'll wait for a small correction that should last more or less one trading day and ideally price needs to be contained by the orange marked zone.
So, I won't touch it until Wednesday at least so I don't get tempted to buy and get chopped around once the consolidation starts.
CROXUptrend
although market is not so bullish but this char has shown that its gonna get 184 so i suppose it can be good buying opportunity by setting SL in a sure level.
Crocs May Be Set for Continuation HigherCrocs has been running since last summer. Now after a three-month pause, the footwear stock may be poised for upside continuation.
The first pattern on today’s chart is the bullish price gap after earnings beat estimates on February 16. CROX tried to rally but falling MACD dragged prices lower at the time. The oscillator proceeded to stabilize and turned higher in late March. Could it now pull the shares higher?
Second, you have the rounded basing pattern during the consolidation phase.
Third, CROX has remained near the 50-day simple moving average (SMA). Also notice how the 21-day exponential moving average (EMA) briefly fell under the 50-day SMA but just crossed back above it. That action may suggest the trend remains bullish.
Finally, CROX formed an inside week following an outside week in late March. Such tight movement could indicate prices are preparing to move again.
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CROX long term short and waiting for a DT for short termCrox is amidst forming a topping formation in the pattern it is in. I think it has little gas in the tank and if the top confirms, I will look for an entry. Zoom in to see my play. Should be quick, 6:1 risk/reward. For longer term shorts, 50% retracement should be around $125, but I would imagine it could form a Bearish Head and Shoulders (the longer term path is a rough ballpark) and come crashing down by June of 2022. If it tops here, I would be short crox
