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PELOTON INTERACTIVE INC

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PTON trade ideas

Head and Shoulders/Ugly TopThis pattern does not perform well in a bull market, and performs best in a bear market. Some would just call this an ugly top, or a complex head and shoulders pattern, as there are multiple shoulders. The complex variety can have multiple heads and/or multiple shoulders. This is a tall structure. The neckline is a source of Strong support until it is broken with conviction. PTON has pierced the support of the neckline, but was a brief piercing and price is now floating above the neckline. The pattern is not valid unless neckline is broken and a downtrend is in place. The neckline can be horizontal or it may slope. Head and shoulder tops are reversal patterns so there needs to be a prior uptrend to reverse. I would be very, very, very safe if I were in this long right now. These patterns can have pull backs (pull ups), a break back up can be a pull back in a downtrend. Good to be careful if you are long or thinking of going long and you see an ugly top. I have noted that in a lot of cases, securities go down much slower than they go up. In other cases they drop like a bomb, but can stay in recovery mode down at the bottom for a very long time requiring patience that is hard for me sometimes. But I am working on it (o: No recommendation. I reposted this for clarification. Go with your gut (o:
NASDAQ:PTON
by lauralea
4
PTON at Crucial Support Level Ahead of Earnings!A week ago, I posted a short idea on PTON with the Head and Shoulders pattern as my reasoning. That idea is still active, but I will be looking to this week's upcoming earnings call for confirmation of the pattern. The neckline of the pattern (~$95) is a critical support level and the earnings call will ultimately choose the direction in which the stock will proceed for the upcoming month(s). As of right now, the earnings call could go either way, but I am leaning more towards PTON falling short of expectations. If the earnings call is able to pull the price down below the neckline, then I will most likely open a short position on the stock. If the earnings call pushes the price above the right shoulder's peak, then I may or may not be looking to enter a long position. My decision on the long position will depend on how well PTON is able to resolve the issues that have risen around the country involving their treadmills. I will update this idea with my position on this idea and stock after the earnings call on May 6, 2021 after-hours.
NASDAQ:PTON
by Sri2Trill
3
Head and Shoulders/Ugly TopThis pattern does not perform well in a bull market, and performs best in a bear market. Some would just call this an ugly top, or a complex head and shoulders pattern, as there are multiple shoulders. The complex variety can have multiple heads and/or multiple shoulders. This is a tall structure. PTON has pierced the support of the neckline, but was a brief piercing and price is now floating above the neckline. The pattern is not valid unless neckline is broken and a downtrend is in place. The neckline can be horizontal or it may slope. Head and shoulder tops are reversal patterns so there needs to be a prior uptrend to reverse. I would be safe going long right now. These patterns can have pull backs (pull ups), a break back up can be a pull back in a downtrend. Good to be careful if you are long or thinking of going long and you see an ugly top. No recommendation. Possible Targets 1 46.4 33.5
NASDAQ:PTON
by lauralea
4
PTONPton is currently in phase 3 of Wycoff accumilation. Spotting accumilation on lower timeframes, building momentum for long term holds if we can get a proper jump of creek/ retest of 61.8 trading range zone. I expect another dip in price to test trading range support one more time to build enough demand to push through creek. Now,. IF we jump creek now due to buyers and sign of strength, Expect it to close bullish on the day above creek, come back down to retest that creek/61.8 level and start scaling buys to ride for the trading range resistance- Look for PS(Preliminary Support) Overall, I see PTON making a good move to the upside here within the next month.
NASDAQ:PTONLong
by BLKopalFX
Target gap fill at $120. Greetings All, PTON has been extremely volatile and largely unpredictable. Nonetheless, I'm targeting a gap fill at $120, given the fact that PTON is outside the keltner channel and near the bottom of the bollinger bands. This presents an opportunity to enter the market. There is also hidden bullish divergence on (4) different indicators as shown below: Bullish Divergence: Histogram, RSI, Momentum, On Balance Volume On the other PTON could simply buck all statistics and dive further, since it is technically bearish as it closed below the 200 MA ($106) as shown on the weekly chart: Also, the current pattern appears to be a complex H&S pattern (bearish). However, the gap is compelling, which is why I'm targeting it in the short term. Happy Trading!
NASDAQ:PTONLong
by chiefwils0n
1
PTON, LAST CHANCE!Hello fellow traders and investors, here's another trade idea. This is an update on my previous idea on Peloton. PTON has recently pulled back to the support area, if PTON makes a full recovery it offers around a 55 to 65% ROI. Technicals: The Macd indicates that it's oversold The RSI is relatively oversold Bearish volume is getting exhausted and it looks like we might see some buying pressure When To Buy: Now When To Sell: I recommend selling at its previous high Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 202.57 which definitely isn't great however there is a good reason for that and it's because of their growth in sales of 128% Q/Q, an earnings per share growth of 192% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and a profit margin of 5.60%. Rating: 80/100 the technicals are okay since this recent surge could act as a head & shoulders formation and the fundamentals are pretty good. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NASDAQ:PTONLong
by UnknownUnicorn11084119
6
PTON 7-Month Head and Shoulders Pattern FormationI have been monitoring PTON for a little while now and recently bought some puts on the stock. There is a massive Head and Shoulders pattern that has been formed over the course of 7+ months, starting in late September 2020. This stock was looking bearish when I opened the puts, as can be seen with the MACD crossover and many other indicators. The H&S chart pattern and the sell signals from a multitude of indicators coupled with the recent concerns about the safety of Peloton treadmills provides a golden opportunity for investors looking to make some money on the strong downtrend that this stock will potentially experience. Currently, I am waiting for the breakout below the neckline for confirmation of the H&S pattern to open some more put positions. I will update this idea with more information as price action continues to flow. Please like this idea if it was helpful and let me know how I can improve my ideas! I am always looking to better my techniques and analytical skills, so I welcome any constructive criticism. I will be posting many more ideas in the future, so consider following if you would like to see them. Happy trading, everyone!
NASDAQ:PTONShort
by Sri2Trill
1