UDMY - +26% upside with 1:2 RRBeaten down stock with high probability of swinging upwards for at least a mean reversion to key fibonacci area 0.318.
UDMY trade ideas
Another dream stock UDMY to 18?I'm liking these names that come in dreams. This one came at like 1:30 am on Monday though and I couldn't get back to sleep, so I hope it can make us some money at least!
I only last week heard of Udemy casually mentioned on youtube, and then figured out what it was. I didn't realize it traded until I thought I need to investigate it after it woke me up on "repeat" in my head.
I asked what to know and heard, "down reversal".
Anyway, I used my dowsing for targets and dates and stuff. I get there could be some volatility around April 11th, but this area should be a bottom. I thought intuitively I got something about July, but when I ask dowsing how long to get to the target, the answer is until June 16th.
I'm not super confident in my experience with attempting these exit dates fyi. So if it's at the target already, be done.
There also may be a little resistance or something around $15-16, but I'm not sure.
These dream or intuition names have been really reliable, so I like the idea and want more, please!
UDMY (Long) - Edutech reversal playFundamentals
Not my usual play, but I do like to tell myself that I have developed a keen eye for reversals. So let's see if this one works out
Udemy is an Edutech firm with surprisingly good fundamental s, considering the stock price would probably be telling you otherwise
Valuation is not extended (compared to the current market standards - P/S = 2.8), the sales growth is reliable and strong while the firm is nearing profitability
The business carries high margins and if it remains on the current trajectory, it is bound to become a highly profitable firm.
And as a bonus, it does not have any debt!
The thing I like the most though is the support the stock is getting from the overall education sector. Look at the charts of NASDAQ:DUOL or NYSE:COUR (which I recently covered in another post) to see how strongly these stocks have been performing
Technicals
Reversals are very tricky, but there is a couple of signals to always look out for
The stock broke the series of lower lows and lower highs and is establishing a new higher high
The price broke cleanly through all moving averages
And it has done so on very positive news that carried the stock 30% higher . Most importantly, we can see follow-through in price; not collapsing higher or consolidating, but rather marching higher
RSI is breaking towards new highs despite the stock being price-depressed and stochastics are showing a strong momentum
I do not know if this trade lives up to the expectations, but this is how I would imagine an ideal reversal
Trade
Putting on the trade is rather tricky , I am not going to lie. Hence why I have not put it on myself either
The next support levels are unfortunately 10% away (the black line) and the stock price has not properly pulled back. A good sign of the underlying strength, but bad if one wants to enter the trade
One option is to wait a bit but risk the trade running away from you. This is what I am going to choose because my own risk managemen t would not let me enter the trade at this price.
The other choice is to get in now. In that case, I am going to leave it to each and every one of you to pick your own spot for a stoploss. At this point, there is only one viable level that I can see, which is around the black line depicted on the graph
By the way, a really good pick for a long-term investmen t if someone is interested in that
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UDEMY Inc. Compelling MoveThe market expects Udemy, Inc. (UDMY) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 2. On the other hand, if they miss, the stock may move lower.
Udemy, Inc. Appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Price Momentum
UDMY is trading near the bottom of its 52-week range and below its 200-day simple moving average.
Price change
The price of UDMY shares has decreased $0.03 since the market last closed. This is a 0.34% drop. Investors have been pushing the share price lower, and the stock still appears to have downward momentum but will reach a support level and bounced back.
Udemy Inc (Long)Entry at 10.65
TP1 at 11.50 (7.98%)
TP2 at 11.93 (12.02%)
TP3 at 12.59 (18.22%)
Stop loss at 9.95
Udemy is likely nearing the top end of its price.I bought into the Udemy IPO. Since then, the stock is worth less than half of the IPO strike price. Looking at the company, the number of competitors in the market, as well as the margins both to the company and its instructors (I am one, with over 7k students), I just don't see the stock ever reaching over about $15-$20 per share.
UDMY longUdemy is setting up for an break out to the upside in a minor range.
Looking for a buy at $14,70 with a tight stop at $14,20.
Target to the upside around $23.
Bull swing on UDMYI also do use this platform AND I LIKE IT. I've got some courses on there. Pretty easy passive income AND enriching opportunities!
udemyonline course provider company which is in a downtrend for a while. a number of alternatives are in the market. it broke the HTF resistance line. and now forming a bullish flag. with the sentiment changing from bearish to bullish, it can outperform. but the bearish scenario of the market is not over yet. it seems like an Elliott correction wave. the pushdown seems like point A and now the rally is in play for the formation of point B. WAIT for buying and then only take a position .
UDMY - your ideal short is hereUdemy is an online educational platform with bad fundamentals and bad earnings
Is there any sign that the big downtrend will be broken? No.
Is there any support? Not anymore.
MACD and RSI are supporting the move
UDMY Head and Shoulders played out. Playing the reboundFirst time I've ever seen a stock IPO and immediately form a Head and Shoulders pattern. After breaking the neckline it's come down to the end of it's measured move. It's forming a bullish descending wedge pattern and has bullish divergence on the RSI. Looking to buy as it gets closer to the trendline. Confirmation will be if it breaks the wedge to the upside and a retest of the trendline.
I've got three targets where I will take some profits at.
TP1: 22.00
TP2: 23.55
TP3: 25.20
$UDMY is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $26,17
stop-loss — $27,90
take-profit — $20,98/MOC price
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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