ACCD trade ideas
6/27/24 - $accd - Probably a beat, street sleep?6/27/24 :: VROCKSTAR :: NASDAQ:ACCD
Probably a beat, street sleep?
After the M&A that showed up last Q genuinely have to wonder if the street is sleeping on the revenue figure. This is now the second time i come to this one. don't think it checks my boxes to become a core position, only trading for now.
Last q i was a bit skeptical i should be involved mainly bc growth was flattish, not profitable, no capital stack issue so meh.
Still kinda meh i'll be honest.
But w/ the M&A, gross mgns have improved. the story can also improve (sell the narrative on the conf call), trades at 3x gross profit (i think that's the right metric b/c sales is kinda skewed on growth that's not organic/ TBD) and there r no profits.
healthcare, "solution" semi-software, probably not totally AI exposed. stock looks properly beat up. balanced debt and cash. wish they simply didn't have any debt and less cash but w/e.
downside is 5-10% with 30% probability IMO
upside probably 10-15% with 70% probability.
i'll swing for this print tn into a tape that's running and prefers the beaten up stuff (lower quality) rotation - of which this seems to check the box. any sort of decent result will send this much higher than an inline would theoretically send it lower.
so i like the factor, more than the name.
let's see - i take all the shots and risk manage when i think i have a small edge and that's just it... small edge long i think.
lego.
V
ACCD Finds Support at $7.92, Targets $11.33ACCD found support on a weekly timeframe at $7.92. The stock price may be ready to rebound and head towards a target price of $11.33.
On April 25th, 2024, Accolade reported earnings for Q4 2024. While they beat revenue estimates at $124.83 million, they missed EPS estimates with a loss of -$0.10 per share.
Despite the earnings miss, expert analysts have a moderate buy rating on ACCD with a price target of $14.33.
ACCD Accolade Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ACCD Accolade prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.20.
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.
ACCD short positionThe price seems to be forming the head and shoulders pattern.
We expect the bounce from the current level and the right shoulder development.
Enter the short once the price forms the right shoulder and break the support.
MACD looks bearish as we have had the bearish cross on 4h timeframe which confirms our bearish bias.
Target is shown on the chart.
ACCD Going For Gap FillAccolade, Inc is seeing a move higher this week along with other healthcare stocks. Yesterday price opened and closed above diagonal resistance and is now trading in the gap price range created in late April.
The lower PPO indicator shows the green PPO line above the purple signal line with both lines rising which indicates a short-term bullish trend. Both lines trending above the 0 level indicates an intermediate to long-term bullish trend.
The TDI indicator shows the green RSI line above its purple signal line and above the 60 level which indicates short-term bullish momentum. The RSI line is also above its upper white Bollinger Band which indicates extreme bullish price trend; you want to stay long when the RSI is trading above this upper band, and remain cautious when it falls back below the upper band as that usually signals bullish exhaustion in the short-term.
My entry price on ACCD was $13.98.
My stop-loss is currently at $10.93(SL1), but SL2($13.20) can be used for more conservative trades and is where I'll likely move my stop sometime this week.
I'm looking to take profit near the upper gap line around the $16 level.
Should price break higher than the gap level I'll likely remain in the trade and raise my stop-loss accordingly.
ACCD - Small Channel UpACCD has shown a small channel upwards
This will either be broken out of or broken down from
I Expect a break upwards due to the break of a red resistance line in red.
The curved line emphasizes the bullish activity.
May Gainers (ACCD, account up 0.25%)8th trade in May is NASDAQ:ACCD .
Holding period is 7 days (5/16/23 - 5/23/23).
Account is up 0.25%.
Total return in May is 2.83%.
ACCD pullback on retesting gap should be a good entryACCD pullback on retesting gap should be a good entry
Care has to be taken on SL for Level over level . should give a sweet 1:3 RR
ACCD Bullish Trend Line Breakeout....ACCD Bullish Trend Line Breakeout....
Double bottom with handle ( Not sure if that philosophy works on Daily charts)
Take the Trade only if it breaks and closes above 49.90....The Earnings will be the catalyst we've been waiting for.
Manage Risk.....Green Pips
thanks
@RichardMoglen
$ACCD for a follower Ill come back to this one but watch these highlighted areas can take it as a inside bar w small stop i noted, not for me personally. 3 star set up, has possibilities so i will come back to it
$ACCD Gartley\ ABCD PRZ Hi guys, listed 3 entries for Gartley pattern and 3 targets. All are official rules to this pattern, i did not make them. It might not get this retrace this low but if it does i am a buyer.
ACCD springloadLower trendline on the daily is solid support, should see the bounce and a possible breakout. I will wait on some confluence and a buy signal will back my call as solid confirmation!
What do you think!?
$ACCD Nice bullish setup with strong fundamentals also behind$ACCD Nice bullish setup with strong fundamentals also behind
TP1: 73
TP2: 82
Head & Shoulders BreakoutACCD (Accolade Inc.) - Healthcare Technology
This one just came up on my feed. Shame, buying on Thursday was obvious.
FA: Fiscal report on 1/7 is pretty juicy. 30% increase since last quarter.
Analyst/Activists:
-Purchased by ARK on 1/7/21
-MS upgrade to overweight on 1/8/21 (Healthcare is trending upwards lately which is double benefit)
-Most analyst PT in the high 50's
-NOTE: one of my favorite healthcare analysts, baby girl Ricky G called this as a buy back in December
- 2% owned by activists
TA: Breakthrough yesterday of previous head-shoulders downtrend.
The bad:
-Smart money is already in this since September, so entering now is more risky.
Relevant Levels: PT=$59 (18% winner from $50)
-Pretty much guaranteed to reach $52 tomorrow (5% winner). We need this to break to see $60 in the short-term.
-Will likely dip down to $45 if it doesn't break $52. If $45 breaks, expect a drop to $41 and a slow move to $60, making this a long-term play. Not interested in this if that happens and would cut losses.
Plan: Will buy on pm open tomorrow and sell part of the position at $52, hold the rest. Might buy on dips if $52 breaks.
$ACCD Accolade Inc On Breakout Watchlist
Alert set for potential break from channel.
MA's remain in support.
Speculative and will require major volume spike
to confirm bullish momentum swing.
ACCD Technnical/Price action AnalysisMy analysis/assumption for that stock.
Please give your rating if you think this move makes sense.
ACCD for a quick Bull swingIf it closes above 31.18 today, I will place this for tomorrow. Love the hammer and doji.
