HTZ | Start the Engines | BounceHertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments, Americas Rental Car and International Rental Car. The company provides vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-owned, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. It also sells vehicles; and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Estero, Florida.
HTZ trade ideas
$HTZ earnings 10/27 bmo. Unusual 11/18 22.50 call volume.It will be interesting to see what happens to CAR and HTZ over the next month. Stock price went up with the post-Covid travel boom and used car price increases, but that bubble has burst.
Technically, price has been rangebound for the year, between the yellow dashed lines. Gray ovals mark gaps in price. Moving averages lean bearish by their order, yet there is no directional trend yet. Lower indicators hint at a possible down turn. RSI(14) recently dipped below 30 so I will look for it to stay under 65 and turn down; this would fit with the 200ma holding as resistance to price. Stochastic is already high and, based on history, should turn down; the caution, however, is that price could stay between the yellow lines instead of making a significant move.
This Barchart article highlights over 5k volume yesterday in the 11/18 22.50 call, and it also offers reasons for stock price to decline.
www.barchart.com
Maybe there is a catalyst that will boost the stock price after earnings. Maybe this volume was call selling because the strike is over the dashed line; it would be a good pick for collecting premium if stock drops after earnings. Short float is under 8%. Volume is light, so while I am watching this for a good study, I will only place a trade if I find a contract that is worth my capital.
HTZ Long Idea WC 27th JuneHertz has been moving sideways really since February. Holding up well in overall bearish conditions. Now showing bullish divergence indicating that momentum could be about to turn. There is horizontal support around the $15 mark, making this a lovely risk to reward play. There is resistance around the $20 and $24 mark but this has plenty of range for a longer term play. Keep it on your watchlist for the break above $20.
Last ChanceDifferent position now than a year or two ago
Inflation driving their portfolio up. More people are driving and need cars, automakers are slowing on car making with oil, driving up the price of normal cars for now until the switch to EV's is more underway
Also commitment to higher market and TaaS (transportation as as ervice) and are partnering with TSLA by committing to buy a lot of TSLA's
HTZ converging to melt up before earningsSupports and resistances are converging
Blow out holiday rental season due to bad weather should ensure the right supply / demand characteristics to help boost this company at a much needed time.
Hopefully the extra cash helps them in their purchasing of the TSLA fleet
TSLA is already committing to order fulfillment at this time rather than introducing new models.
Hertz Global Holdings dropping.We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
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Hertz Stock Potential IdeasIf price breaks the weekly resistance zone in blue, price could continue up to the $10 level, before giving a retracement. Long term getting to the $11-$13 range before toping out at the $20 range.
If price breaks below the $6.80-$6.50 level and breaks the up trend line, we could see a deeper retracement, before moving back up to top out at the $10 level.
If price breaks below the A boundary, we could see price move lower.
* this is not taking in to account any bankruptcy news. This news will expedite any of these scenarios.*
* If the bankruptcy news is positive we could see that break of the weekly resistance zone.*
* If the bankruptcy news is negative, then we will see a break to the downside and the A boundary will be broken.*
HTZGQ - Hertz is looking good!There is lots to love about this company, I am very bullish because I believe in it. I travel a lot and their presence around the world cannot be ignored. Also whenever I book hotels or flights, I'm always prompted to book with Hertz. This one will emerge stronger and better than ever. It's just my opinion, cheers!