SYM buyingThe trend is upward and an ascending channel has been formed. There is a possibility of a large upward channel breach as well as a trend breach, and it will reach level 51.
SYM trade ideas
Symbotic potential unconverd finally .......NASDAQ:SYM
HUGE breakout +27% after first time profitable - Still huge growth .... this will be another 10 Bagger in coming years (!)
SYM eyes on $29.64: Dancing on a High Wire or a Launch Pad?SYM made serious moves off the bottom.
Currently dancing on a semi-major fib.
This could be a good entry for next leg.
Early going will be tough with clear hurdles.
But we might be accumulating here to launch.
Late longs here could have SL just below fib.
$ 29.64 is the key level of interest here.
$ 30.56 - 30.87 will be first resistance.
$ 31.88 - 32.11 is a MAJOR resistance.
Break of MAJOR resistance should run strong.
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Short Squezze at Symbiotic in Full playNASDAQ:SYM
Still 42% of freefloat is betting Heavy that Symbiotic is going down - This will Need a lot of time to Cover all These Shorts.
Since my idea that Sym is a good Trade, the Stock is up 52% (!)
Trade Review - SYMI plan to be more active and share my trades and insights regularly.
Information
I swing trade with focus on stock with short term momentum. My trades are identified through a two-step screening process. I use a passive screener outside of market hours to manually select stocks based on structure and position, to allow preparation and prevent too many options. At market open, I run an active screener to track for movement within the watchlist, as timing and momentum in selected stocks can be unpredictable. This allows me to be time efficient, I require no more than 20-30 minutes per open session.
Identified through my passive screener outside of market hours, this stock showed an initial momentum move to the upside on the daily timeframe, followed by consolidation near the mean price - a setup conducive to continuation. I occasionally check a higher timeframe (weekly) for context; in this case, it made a overextension to the downside which could follow with a pullback toward the mean (or not). The aim here isn’t to predict but to take a bet / capitalize on potential imbalances when they appear. Thus it was added to the watchlist.
At market open, this stock appeared on my active scanner, and when it reached 24.60, I entered as a clear range expansion was forming. I typically scale out at 1R and hold the remaining position for a measured move (projected from the prior momentum move). While the approach is straightforward, I occasionally adjust based on real-time conditions, as seen in this example. Execution details are shown below.
Trade Overview
• Structure: Bullish Continuation (Daily) and Bearish Pullback (Weekly)
• Position: Near mean price (Daily) and extended from mean price (Weekly).
• Entry Trigger: Range Expansion
Entry Details
• Entry Price: 24.60
• Stop Price: 22.07
• Target Price: 34.32
• Expected Risk/Reward: 3.84 R
Exit Strategy
• Exit Price: Closed 50% at 29.84 and 25% at 29.45.
Performance Summary
• Result: Price have moved 20.53% with a profit of 2R, trailing 25% with a near SL.
I wrote a bit more than usual for this review since it's my first review post, but the real approach itself is quite simple. Future posts will be more concise.
Symbotic pumping (86%)#SYM bullish signs! Hot AI-stock to watch.
In near future price could pull back a bit.
=>this should be the right time to get into the market.
The short-timeframe isnt clear enough for me to call out the specific ElliottWave structure yet (probaly forming a diagonal 1st wave).
But im expecting price to dance around the blue-band. Then meet the the green-line and find shortterm resistance. When sustainably breaking out of the green-line, price could explode.
Symbotic think the low is in.........NASDAQ:SYM
Symbotiv is soon a screaming BUY
Last Week we had a BULLISCH ENGULFING, a good measure that
ABC Correction could be finished as 1-5 Waves of C are also complete!
Bearish Shorts are 42% ..... soon they all have to Cover their Shorts!
A long way downSymbotic dropped a lot after bad earnings
I think price reached bottom of channel down and long term support (blu Line)
A new uptrend can start shortly
Just wait and get rewardedSymbotic falling down but earnings was not so bad to justify a drop like this
Just moving inside downtrend channel more quikly than ususal and will reach lower margin soon
I think it need to drop to 35$ where long term bullish channel ad medium term bearish channel meet
From here a powerful upside move can happen that will fill the GAP
SYM to $89Overview
Consumers of artificial intelligence have garnered my attention, specifically cybersecurity and robotics automation companies. This is a hopeful attempt to obtain early exposure to industries that may thrive during the era of artificial intelligence. Symbotic ( NASDAQ:SYM ) is one of the those companies.
What does SYM do?
Symbotic Inc. utilizes artificial intelligence and robotics to enhance warehouse production. How this translated to me is that they support online shopping (ex: Amazon) by generating environments that can keep up with the demand through the use of robotic automation and artificial intelligence. This could be used in just about every business venture as a growing company will face the challenges that come with maintaining a healthy supply chain. This is why I believe Symbotic has a bright future ahead.
As of 24 July 2023, Symbotic and SoftBank ( TSE:9984 ) jointly founded GreenBox Systems LLC which aims to provide access to Symbotic's automations and software. The goal is to reduce inventory costs while simultaneously increasing capacity and management -- organization and collection. SoftBank has also vested in Symbotic with the purchase of 17.8M shares (worth $707,550,000 today) in addition to an unspecified amount of warrants covering 2% of outstanding shares. Warrants are similar to options except they are distributed to the holder directly by the underlying company.
Key takeaway: SoftBank is significantly invested in the A.I. powered robotics company.
2025 Price Target
Symbotic has been in a yearlong symmetrical triangle that appears ready for a breakout before the end of 2024. If a breakout does occur, I believe the share price will reach around $89 USD sometime in 2025. This price target was determined by utilizing uptrend Fibonacci retracement levels from the lowest and highest values of the current trading pattern.
Short-Term Price Target
A double bottom pattern appears to be forming which may see the share price diminish back to the $32-35 price range (yellow circle) in the near future. Should these price levels experience significant support, I believe the next area of significance will be the $41-42 price range (green circle). A breakout at this level may indicate a further rally.
7/29/24 - $sym - Want to own, tough timing into print7/29/24 :: VROCKSTAR :: NASDAQ:SYM
Want to own, tough timing into print
- pretty cool concept, if you're unfamiliar, create robots/ automation for supply chain
- super shorted
- growing like a weed
- not amazing gross margins, but should scale in time. not burning but a lot of it stock comp - so call me neutral to meh/ "okay" with it bc it grows so quickly - so these people are clearly doing something right
- complicated relationship w/ softbank (no comment on softbank "publically" - read between the lines)
- not cheap, they'll trade at 40x on '25 EPS - which if you're a fund manager today is how you'd ""pitch"" it - note the double quotation marks
- but realistically in the immediate term, the gross profit isn't obviously scaling more than the opex from the last two prints. could change this print, but it's nothing i'd want to extrapolate in this market with an uber shorted stock.
- absolute valuation of $3 bn (ex. the cash) is in a good zone. so i'd not want to short it either (RIP to you guys I think in the MT/LT context)
- TL;DR it's just too confusing for a fed week with valuation where it's at, a SPAC too that's actually doing okay just raises an eyebrow no less, and a chart that looks a bit stuck. i'd expect some volatility here. probably a massive move one way or another. but i don't like my odds so i'll be on the sidelines. would LOVE to own it on a dip buy, though. so that's how i'll be playing the results.
gl fam, lmk if u have a more nuanced POV
and have a good wk, stay solvent
V
Symbotic, Inc. Class A. IndustrialKey arguments in support of the idea.
• The Company’s services will be more demanded over time.
• Comparative valuations imply growth potential.
• Technical analysis.
Investment Thesis
Symbotic Inc. (SYM) is an automation technology company, providing robotics and
technologies to improve the efficiency of retail and wholesale stores in the US. The
Company offers its comprehensive warehouse automation system (Symbotic) for
product distribution; besides, it develops, builds and installs modular inventory
management systems, and performs firmware configuration.
The Company has a strong customer base, including the world’s largest retail and
wholesale companies, such as Walmart, Albertsons, AFS, C&S Wholesale Grocers,
Giant Tiger, GreenBox, Target and UNFI, which means that its solutions are
becoming more popular among companies engaged in sales of everyday (and
other) goods.
Although Walmart is the Company’s main customer (about 88% of the order book),
which poses a risk of counterparty concentration, Symbotic has a clear plan for
automating its outlets and warehouses. By the end of FY 2026, according to the
Company, about 65% of stores will be automated, approximately 55% of the
volume of order processing centers will pass through automated facilities, and
average unit costs may be reduced by about 20%. For the retail giant, it will be vital
to make this plan a reality, since its operating profitability has tended to decrease
over the past 10 years, and the increased shoplifting only exacerbates the problem.
Moreover, Greenbox, the joint venture between Symbotic and Softbank, aims at
implementing the WaaS strategy (Warehouse as a service, or “subscription
warehouse”). The Company says that the geography of this solution is quite
extensive: TAM (total addressable market) can exceed $500 billion. GreenBox has
recently signed a contract with the first client, C&S, therefore, Symbotic will begin
to recognize the first revenue from the joint venture in FY24Q3. The scaling of
operations is supposed to begin in full swing from 2026.
The main part of Symbotic’s contracts involves compensation for expenses
incurred in excess of those stipulated in the contract. Thus, the Company can
maintain its gross margin, and achieve profitability by increasing the scale of sales
and optimizing SG&A expenses: the share of quarterly administrative expenses in
revenue has decreased from 47% to 22% over the past two years. Besides, revenue
is growing at a high double-digit rate (more than 50%): FY24 estimates imply similar
growth.
Although most of this kind of business is made within conglomerates, such as
Honeywell or Toshiba, there is a similar public company on the European market –
AutoStore Holdings Ltd. (AUTO-NO). However, the SYM forward EV/EBITDA (10.6x)
looks a bit more attractive than that of its competitor (12.3x).
Recently, the stock price, reaching oversold, has made a reversal from the
horizontal support level, and further momentum may continue due to positive
expectations from the report.
We expect SYM stock to grow more than 20% to $45 over the next two months. A
stop loss order is recommended at $29.4.
SYM - let's go!SYM is ready to break big base (or something like triangle).
If volume comes - should be interesting to pick around 46-47.
Earnings under expectation... filling the gap to 39Earning was in line but under the great expectation
Price will cool down a lot and it probably will fill the gap to 39$ today
I thing that the drop will continue until near 36-36,5$ where price will the recover and try to cross strong 39$ resistance
Filling the gapAs supposed in previous idea price drop to fill the gap and find support near 39$ that is a strong resistance/support
I suppose price will reach upper resistance at 43$ and then drop again to 39$
Breaking 39$ resistance will set a new target to 34-35$
Go long leading into earningsPrice action looks to have broken the overall downtrend, as support from buyers have entered a new year looks to provde more growth. The recent insider selling in the last couple months look to be met by buyers and sellers on both sides, From a technical pov its been an uptrend during what may be seen as a selloff, is sparking more upside in the meantime. price is withing range to continue making newer highs if earnings turn out to be spectacular.
Ready for a breakoutPrice reached purple trendline
Closing a candle outside will confirm a bullish breakout with target next to 51.5$
Be careful because a downmove is still possible right now
Down to fill the gapI think Symbotic will soon fill the gap to 39$
39$ was a strong resistance in the past and can provide support for a new ride
Symbotic closed outside trendlineSymbotic is getting bearisch closing candle outside trendline channel
Confirmation below 43$ will bring prices to 39$ to close the gap
SMA100 al 43,68$ can act as a support
SYM accumulate btween 30 and 34 CAN KEEP STOPS below 28 , lets see if the quick correction stabilizes
AI STOCKS GOING TO DUST : SYMBOTICSymbotic is an American robotics warehouse automation company based in Wilmington, Massachusetts.
From the technical stand point, price consolidated and then rallied to take out shorters in the market place and induced longer into the market place.
If the market breaks and closes below 35.20 then I will be bearish
Price target for bearishness is the sellside Liquidity at price of 22.40
Momentum Stock: Symbiotic IncSymbotic Inc. is a company that specializes in the creation and implementation of automation technology, more specifically, robotics designed to streamline and enhance the efficiency of warehouse operations for retailers and wholesalers. Their main offering, the Symbotic system, is a comprehensive warehouse automation solution for product distribution. This not only includes the design and assembly of modular inventory management systems but also the installation and configuration of embedded software that drives these systems.
What makes Symbotic stand out is their innovative utilization of artificial intelligence (AI) and sophisticated software in tandem with cutting-edge robotics . Their AI-powered robots are capable of autonomously navigating expansive warehouse structures as large as a football field, reaching speeds of over 20 mph. This enables the rapid and precise movement of goods through the supply chain, providing substantial benefits in terms of time, cost, and resource efficiency.
From an investor's perspective, Symbotic's focus on AI and robotics within the warehousing and logistics industry could be highly attractive. Their technology targets a key area in the retail and wholesale sectors that stands to greatly benefit from increased automation and efficiency. As businesses strive for faster and more cost-effective supply chains to meet growing consumer demand, the products and services offered by Symbotic could potentially see increased adoption.
Additionally, the company's emphasis on AI technology aligns with broader market trends toward digitization and automation, which may create substantial growth opportunities in the future. It's also worth noting that as of 2023, Symbotic operates not only in the United States but also has clients in Canada, suggesting a capacity for international expansion.
All these factors, combined with the growing demand for innovative, AI-driven solutions in the logistics industry, make Symbotic a company worth considering for investors interested in the intersection of AI, robotics, and supply chain management. In the short-term however you would probably want to wait for a pull back or consolidation in price before making any decisions to enter depending on how long you want to hold the stock for.
As always how you interpret and decide to act on any results is up to you. This is just data not financial or trading advice and past performance is in no way any guarantee of future performance. Think of it as a way to spot stocks you might be interested in and can add to your watch list and perform further research on and or discuss with your broker.
Again. Not trading advice . Industries and companies change. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch.
SYM Technology @ WorkSYM has ascended YTD at a rate of 20% monthly and compounded. It has had consistent
earnings doing its thing which is providing robots to replace human labor in factories and
servicing them. Its products are in constant demand and growing. On the chart, SYM
is above the POC of the volume profile. Buyers have pushed the price higher and sellers
overall have not kept up with opposing momentum. Price is in the upper bands of both
the intermediate and short-term anchored VWAPs putting it in the fair to overvalued
range. I see SYM as continuing to rise as companies and industries with warehouses seek
to lower labor costs as a means to maintain their margins and survive the recession and its
consequences. For me, this is an obvious long setup with high potential.
