Get started
DICKS SPORT DRNDICKS SPORT DRNDICKS SPORT DRN

DICKS SPORT DRN

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

D2KS34 trade ideas

DKS | Bull Flag Forming | LONGDICK'S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. It also owns and operates Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone!, and other specialty concept stores; and DICK'S House of Sports and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile application for video streaming, scorekeeping, scheduling, and communications. The company sells its product through e-commerce websites and mobile applications. As of January 29, 2022, it operated 730 DICK'S Sporting Goods stores. The company was formerly known as Dick'S Clothing and Sporting Goods, Inc. and changed its name to DICK'S Sporting Goods, Inc. in April 1999. DICK'S Sporting Goods, Inc. was incorporated in 1948 and is headquartered in Coraopolis, Pennsylvania.
NYSE:DKSLong
by DivergenceSeeker
Crooked W/Evening Star/RSI DiversionLong red spinning top at this moment. The probable last leg of the W went just past the 1.113 fib level. There is an evening Star candle pattern at the top which is often ominous and can indicate a top has been made. The Evening Star pattern is viewed as a bearish reversal pattern in technical analysis. It usually occurs at the top of an uptrend. The Evening Star pattern consists of three candlesticks: Large bullish candle (Day 1) a red or green Spinning top or Doji on day 2 and a red candle on day 3. The day 2 spinning top is left stranded above the red and green candles from day 1 and day 3. Divergence occurs when price makes a new high or low but the RSI does not make a corresponding new high or low value. No recommendation. “The bad news is nothing lasts forever, The good news is nothing lasts forever.” — J. Cole
NYSE:DKSShort
by lauralea
DKS Breakout Long TradeDicks Sporting Goods (DKS) is breaking out from a textbook cup with handle pattern. After nearly doubling in price between May and August, the stock stalled and formed a small pivot at the $115 resistance level. Relative strength has been climbing for several months - a sign that Dicks has been leading the surge higher and outperforming the rest of the market. Even in the late August market selloff, DKS held its ground and posted higher RS readings. I’m looking for a continuation of the breakout that began on Friday.
NYSE:DKSLong
by rossgivens
1
DKS SHORT SETUP for earningsDKS has had increasing prices since the last earnings when it beat the estimates. However, the price is ascending in a rising wedge which may suggest a breakdown. While a breakout is possible it is less probable than a breakdown. The chart has the rising wedge drawn in. The RSI indicator is suggestive of bearish divergence in the past week. This may forecast a reversal in the immediate term i.e. a breakdown. All in all, I will take a put option with an expiration of September 2nd at strike of $105 and watch for a reaction to earnings which ger reported this week. . NYSE:DKS
NYSE:DKSShort
by AwesomeAvani
My sons first chart Dicks Sporting GoodWe believe Dicks Sporting Goods will retrace to the golden pocket as markets are oversold and over bought. This will create an opportunity to buy Dicks and DCA across the 30s to make bank up into the 80s + where one will want to to exit or de risk starting at 80s and beyond. 🤔🤔🤔🤔🤔🤔🤔🤔😁🤔😁🤔👍👍✌️✌️👏👏👏👏👏👏👏👏👏👏😂😂😂😂🕺🕺🕺😍👌😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎 DYOR - be smart, remember i'm 10 thx, 10 yo and dad ✌️✌️
NYSE:DKS
by cjkeefer24
Dicks Sporting Goods Short Position Every season soon enough, will not start at Dicks. This stock historically trades somewhere between $40-60 USD per share. Now, after COVID, DKS trades over $100. Why the massive jump you may ask? For one, the supply of sporting goods and outdoor equipment was far outpaced by demand. Examples of products that were impossible to find include kayaks, and Canoes. This segment of their business makes up ~46% of their yearly revenue. The problem with this? This growth is both unsustainable, and unrealistic with current macroeconomic factors and trends. Demand far outpacing supply allowed a stock that turtles between 40-60, to explode and at the peak of COVID, to over $140 per share. There is absolutely no reason this stock trades at the current levels. This growth is both unsustainable, and unrealistic with current macroeconomic factors and trends. One-time purchases amount to 46% of all revenues, CPI, the shift away from Brick and Mortar shopping focus is detrimental to Dicks’ Business model, and as a market leader, Dicks seems to have reached their maximum market penetration. Competitors however stand to capture and penetrate an ever-growing market of Dicks customers. First of all, let's address the elephant in the room. The fact that Hardline merchandise accounts for 46% of company-wide revenue is alarming. This percentage is up roughly 4% since the filling of the FY 2019 10-K. Allow me to explain why 4% growth in this sector has alarm bells ring-ring-ringing in my head. From a fundamental perspective when evaluating the long-term sustainability of projected 1.3x Rev. growth from FY 2019 to FY 2022, and 1.5x Rev growth from FY 2019 to FY 2023 this is absolutely unsustainable. When COVID-19 disrupted our everyday lives, the stimulus was pumped into our economy and people wanted more than anything to get outside. This growth makes sense, demand far outpaced supply, everyone had the money and the time to wait for products like Kayaks and Canoes to be delivered through supply chain challenges. Now, nearly 3 years later, both of these factors are waning. Consumer discretionary spending faces a huge point of inflection as inflation is at 40-year highs. Pair this with the end of the COVID pandemic and simply put, demand is not where it should be to support continued growth within a key business segment. Next, we see the major shift away from Brick and Mortar retail. Covid seems to have reinflated the value of such retail brick and mortar shops. As illustrated in the graph below, before covid, revenue had stagnated, and from 2017-2018, actually decreased. This is NOT good news. The total market penetration and share actually decreased for Dicks before covid is no exception, to what seems like a covid caused value trap. DKS is not a $100+ per share stock, as for the whole history of the stock it traded somewhere between $40-$60. DKS did absolutely nothing during covid to re-cement itself as a market leader with a facelift. Instead, what Dicks did was firmly cement itself as a leader with no true competitive advantage. Their online sales are nothing to write home about, and frankly make me question why they are as behind on the 8 Ball on this as they are. While they have rolled out a mobile app, it does not serve their business model well. Dicks makes the most when customers visit in store, and by default have to see other products that could spur them to purchase. Online, if you search “baseball glove” for example, you’ll be shown just that. For businesses like Amazon, this may work, but for Dicks it simply does not. Dicks thrive because when you go to purchase a baseball glove, you are then also inclined to purchase a bat, or a pair of pants, etc.
NYSE:DKSShort
by jakerivard1
1
Dick Sporting Goods USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NYSE:DKS
by Sunstorminvest
Earnings watch 3/8 pre-marketEarnings watch 3/8 pre-market: DKS WOOF KOPN MTNB NINE DM CMAX CNTY JW.A OLPX Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:DKS
by Options360
$DKS - To Long or To Short?Some conflicting pieces of information here from my point of view. On the Long-side: 1. Ascending Triangle (Purple Box & Hashed line) - often considered a bullish pattern 2. Convergence of 20 & 50 ema (Orange + Purple) - watching for a cross as a bullish signal 3. Strong fundamentals and DCF indicating an under valuation On the Short-side: 1. Bearish convergence when considered with Stochastic oscillator (purple hashed) 2. Loss of momentum also indicated on MACD indicator (not show) 3. 4. In an industry/sector that most would agree is (and is going to continue) struggling - Local Resistance ~$120 - 200 ema Support over last ~5 weeks (and trendline) Watching for a breakout/close above $120.6 or below 200 ema (or hashed purple trendline) Interested to hear your thoughts. *Not financial advice*
NYSE:DKS
by Angus_Ed
Undervalued Stock Series #4 - Dicks Sporting Goods $DKSOn the fundamentals : Their income last 5 years is positive, their revenue have grown last 5 years, their current asset > current liabilities and their Free Cash Flow can deal with their debts (i.e if they decided to pay off all of that debt, they could). MOAT Their revenue growth > competitors & industry's average Their ROIC % > competitors & industry's average VALUATION Several valuations have suggested that the current price is on average +48% under the fair price. On the technicals : price is trading below the 100-200 EMA . The TSI shadow indicator still suggest we are still in a downtrend. As far as I am concerned, the lower the share price will go, the better. As long as the fundamentals still as it is now, I am happy the share price to go lower. Price and RSI divergence occurred after price hits weekly low this week. Price gap at $140 (Bullish Gap fills more than 90% of the time!) If you don't care to time your entry using technical analysis and if you believe this company has a Wide Moat , you could argue $DKS is a buy right now with more than 35% potential upside especially after the 20+ % correction.
NYSE:DKSLong
by sufiansaid
DICK'S Sporting Goods (DKS) BUY OPPORTUNITYNYSE:DKS has been on a slight downtrend lately and found support at the 200 EMA level. From a fundamental perspective, the company is very strong as well, exceeding their earnings quarter by quarter and with a bright future ahead. If that hasn't convinced you, you may also want to know that Stack Edward, Executive Chairman at DKS has recently bought 227,000 shares of DKS (worth $25M). That goes to show we're expecting some really great price movement in the upcoming months! Good luck, Your Ganbu ⚠️ Let me know your feedback and comments below! ⚠️ Follow me if you would like to see more analysis like this
NYSE:DKSLong
by Ganbu
$DKS Long Retailer. Hey Tradingview. Welcome back to another idea. Unfortunately, Tradingview took down my $AMD post. They said because I mentioned soliciting. So I have to really watch my words now on this platform which is kind of weird. It was never like this... Anyway, figured ill fester up a new idea to bring to you guys for this coming trading week. It's $DKS. After Monsterous earnings recently. Alongside $LULU my other Retailer of choice. The bottom line is also getting stronger at the retailer with net income soaring in Q2 to $495.5M vs. $276.8M a year ago and $112.5M two years ago. Dick's Sporting Goods (DKS) ended the quarter with $2.24B in cash and no borrowings on the credit facility to free it up for the special dividend announcement. Technicals- Strong Multi-month bull trend. Still intact, confirming higher prices to follow. Fundamental s- Growing strong earnings, 400M in share buybacks. Mastercard SpendingPulse predicts that U.S. holiday retail sales will be up 7.4% compared to last year. DICK's also raised its FY 2021 revenue guidance by roughly a billion dollars after its second-quarter earnings beat. Risk - If the trend is removed for some reason. We will then have to re-evaluate a trade. But for an Equity investment, a long-term horizon certainly buys more.
NYSE:DKS
by TiltonKy