POOL potential Buy setup (Weekly outlook)Reasons for bullish bias:
- Price respecting rising trendline
- Price bounced from horizontal support
- Strong weekly bullish candle closing
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 336.90
Stop Loss Level: 283.44
Take Profit Level 1: 390.36
Take Profit Level 2: 469.75
Take Profit Level 3: Open
POOL trade ideas
DESCENDING TRIANGLEAll triangles are neutral until broken.
This one has broken to the downside.
Perhaps they think folks will not be installing pools in their back yard or will start cleaning them on their own?
I have one and I would compare it to a boat. A hole with water that I pour money in to )o:
No recommendation.
Possible bounce as price is below the bands set on 80.
I have a chart in my stack from a while back on POOL. Targets 1, 2 and 3 have been met.
Rectangle/Short if Support Line is BrokenRectangles are horizontal trading channels and are neutral until broken.
An Alternate Bat/M structure/ formed within the Rectangle and T1 was met.
The Alternate Bat ends at the 1.113 at the 4th leg. The Bat ends at the .886.
Price is now at the support line of the rectangle.
Earnings miss x 3.
Support line with six touches, maybe more . The more touches a resistance or support line has, the stronger that level becomes.
SHORT if support line broken/No recommendation/Short interest over 11%
52 Week Range
278.10
423.97
Day Range
349.08
359.40
EPS (FWD)
13.46
PE (FWD)
26.01
Div Rate (FWD)
$4.40
Yield (FWD)
1.26%
******Short Interest
10.63%
Market Cap
$13.67B
Volume
351,975
Prev. Close
$358.15
Company Profile
Pool Corporation logo
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling. It also provides pool equipment and components for new pool construction and the remodeling of existing pools; irrigation and related products, such as irrigation system components, and professional lawn care equipment and supplies; commercial products, including heaters, safety equipment, commercial decking equipment, and commercial pumps and filters. In addition, the company offers fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; and other pool construction and recreational products comprising discretionary recreational and related outdoor living products, such as grills and components for outdoor kitchens. It serves swimming pool remodelers and builders; specialty retailers that sell swimming pool supplies; swimming pool repair and service businesses; irrigation construction and landscape maintenance contractors; and commercial pool operators and pool contractors. Pool Corporation was incorporated in 1993 and is headquartered in Covington, Louisiana.
POOL Corporation Options Ahead of EarningsAnalyzing the options chain of POOL Corporation prior to the earnings report this week,
I would consider purchasing the 350usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $12.30.
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.
POOL going downWhat we can see on the chart that the price hit the upper Bollinger Band on the previous days. We have a confirmation from the Stochastic too, it shows us that the price was overbought.
Today we can see the confirmation candle which is inside the channel, so we expect the price to go dawn.
Target is shown on the chart.
Pool Corporation Announces an Increase in its Share RepurchasePOOL: Pool Corporation
2022-05-04 17:38:10
Pool Corporation Announces an Increase in its Share Repurchase Program to a Total Authorization of $600 Million, a Quarterly Cash Dividend Increase and 2022 Annual Meeting of Stockholders Voting Results
POOL (Elliot Wave Analysis) Shows a clear impulse down, similar to many other stocks like netflix. I think it will be do for a rally up in 3 waves and I will expect it to fail and start another leg of 5 wave move down.
It just so happens to match the 200MA on the Weekly chart at close to $330-$350 range. Time frame would be during this year and as long as beginning of 2023 for completion of the correction.
not a financial advice
Head and ShouldersPrice has broken the neckline but there is not a confirmed downtrend.
Price has delved below the neckline several times recently and the move down was not sustained.
Dipping below the neckline with this pattern is a warning sign and it does not feel like a bull market anymore. This pattern does best in a bear market and the Inverse H&S does better in a bull market.
Maybe the economy will not be conducive for the pool industry in the near term? Makes sense I suppose, but this is a great company. POOL made a lot of gains and a bunch of buyers, so there may be a lot of sellers if the selling gets started.
Negative volume is still high, so maybe I spoke too soon. The neckline is support until broken with a downtrend in place. I just know I am not buying this right now.
If I were to short this I would place my stop above the neckline after a downtrend is evident.
A guy called CNBC yesterday and asked him if he should keep this and the talking head said to keep it. It made me take a look as after I thought about it, this did not seem like an industry that would do well during a sketchy economy?
Just because price is doing poorly, does not mean it can't do worse.
No recommendation.
Easy POOL Short due to downtrendClear downtrend and bounce off the Fibonacci retracement levels. Slated to go for a lower low with all the EMAs stacked to the bear side.
Likely one of the bigger sectors that will be hit by the rising inflation rates, this stock is destined to find a lower low. With earnings coming up, eyes are on this.
Earnings 2-17 BMOLooking like ABC bullish but could drop to a double bottom.
EARNINGS ON 2-17 WILL PROVIDE THE OUTCOME.
The top is suspicious.
Possible stop below C or A in this case. Or wait for earnings (o:
No recommendation.
Short is 3.46%
Sometimes I look at NVI on the 1 minute time frame if is looking lower on daily to see what smart money is doing. I look for volume spikes that often occur towards the end of the session or at session lows. It lets me know they are not crazy about letting it fall lower than that price. It may fall below this, but they come back in because their money is at risk at certain levels.
20 SMA with multiple negative crossovers. %0 and 20 sloping down and price is below the 20, 50, 100 and 200 SMA. If you trade on moving averages then this one looks iffy. Moving averages are lagging indicators as are analysists.
What do you do in this situation ?One company is a global player with solid records but the skyhigh price is deterring you to enter the market. It's closest competitor is a newly launched IPO that is still down and has yet to proven itself.
What will you do in this situation ? Please share your views ......
POOL (Pool Corp) - Bullish Quarter aheadPool Corporation is the world's leading independent distributor of swimming pool equipment, parts and supplies, and other backyard related products. The company operates over 300 locations worldwide with more than 3,400 employees through three networks: SCP Distributors LLC, Superior Pool Products LLC, and Horizon Distributors Inc. Pool Corporation distributes non-discretionary pool maintenance products, such as chemicals and replacement parts; discretionary products, such as packaged pool kits, whole goods, irrigation and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market; specialty products, which include light fixtures and built-in BBQs; and golf irrigation and water management products.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Super Bullish Heiken Ashi chart
- Anticipation for this to continue, despite likelihood of short term consolidation
- Expectation for the price to move to MID-TAREGT after which $550+ would be next!
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!