DPZ trade ideas
DPZ breaking out from the falling wedge pattern.. keep watchingDPZ breaking out from the falling wedge pattern.. keep watching, this stock has done well during lockdown...
DOMINO'S 🟥 Correction into earnings may present bullish levels💬 Domino's (DPZ) has performed very well recently as delivery options were expanded and people relied on the delivery giant during COVID.
We love cheap delicious pizza, and we may fall in love with Domino's going into earnings July 16th, let's see what levels look like going into earnings for the DPZ bulls and bears alike.
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Support:
S1: The S1 orderblock at the most recent swing low is the first point of support for the bulls, we are essentially already at this level, and it would be a logical place for the bulls to hold above. That said, earnings are a ways off, so lower support may be needed.
S2: The S2 S/R flip is where price most likely finds support. It would be logical for price to remain range-bound until earnings, and this level is the one to hold if that does end up being the case.
S3: If the COVID fears get the better of the market, or if we see some unexpected DPZ FUD, then the S3 orderblock could work as a support of last resort for the bulls.
Resistance:
R1: The R1 bearish orderblock is the only real resistance to worry about here. If the bulls can send it past R1, then we are almost certainly going to make new highs. If the bears can defend R1, especially after earnings, then it is a bad look for this titan of pizza.
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Summary:
The bulls will want to hold the current range into earnings, likely by way of an ABC correction as shown on the chart. A move off S2 and above R1 into earnings or after it is ideal for the bulls.
The bears will want to defend R1 to ensure the Domino's COVID FOMO ends here.
Resources:
www.earningswhispers.com + wtop.com
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Domino's May Stop DeliveringI took requests on Twitter the other day and this stock came up. When I at first looked at the recent price action, I didn't see much right away, but I gained some clarity when I backed up.
Back out all the way to a monthly chart and you might confuse this stock with a rocket ship company, given the verticality of its price action. However, in the time scale presented above, a clear rising broadening formation can be seen (yellow).
Now, is it bullish or bearish? The answer to that question depends on how early one can detect a pattern like this. If caught early, it can be very bullish, as it can help you capture the impulsive moves that take the price to the top trend line. And once you arrive, it can warn you of an impending period of consolidation. And we can clearly see those periods above (red).
Now, that said, where are we today? These patterns often resolve with the final thrust rolling over before ever getting to the top channel.
And sure enough that is just what we see here. This recent, rising, period of consolidation (blue) often fails to the downside.
After this final reversal, these patterns often ultimately resolve themselves with a failure of the lower (yellow) channel. So, at this point in the unfolding of this pattern, it is bearish. And it looks to have begun the process of failing from the recent rising flag already (blue).
DPZ 6/26 @380cPeople love NYSE:DPZ za and we love their chart.
They've performed extremely well during COVID-19 and restaurants being closed.
Although we're opening back up, they've gained many loyal customers during the lock-down.
Look for their rise to continue with this new influx of customers.
004. Piggish Play - Long Dominos Pizza (DPZ) on 6/1/2020DPZ is a volcano set to erupt. It has been consolidating in this defined purple range since April 13th, after a massive gap up on an earnings crush. With institutions like the FED and other funds (who got the green light from the FED) are fighting popular opinion that the markets should be in a state of retracement. The reason why taking a long position in either equity or options is wise is because Dominoes can thrive under the two scenarios that could arise in the next month:
1) The infected count increases to the point of a second quarantine and DPZ sees further increased revenue
2) Everything is contained and life moves on along with a bullish market
Technically speaking, the chart is primed for liftoff. All of the key EMAs are aligned for takeoff and a broad base has formed after two months of tight consolidation. The orange line splitting the middle of the chart represents the new bullish price channel, should the 390 line break + hold tomorrow. Such a channel suggests that a 50 point move is more likely than not over the next month. Therefore, entering a long position in equity and setting a looser stop is the way to play this like a fiddle.
Trade Overview:
- If DPZ breaks 390 tomorrow, enter a long position above 390 for a price target of 340. Sell above 330 before the end of the month, if it cannot break 340 by then.
- There are blue skies above 390 (no historical resistance), so there's always a chance that it really moves closer to 500 in the coming weeks. I am not 100% psychic, so it is difficult to peg a specific price target, but I think that 340 is the most reasonable place to take at least some profits.
- Set a loose sell stop at 368.
- The reason for the loose stop is that it is very unlikely it pulls back significantly. If a tight stop is set, you will get shaken out before the next leg up and you will be either sad, chasing or both.
- If DPZ cannot break 390 due to an extreme market-wide move down next week, then wait for an alternative entry at 350. The odds that it closes below 350 over the next 6 months are astronomically low.
NYSE:DPZ
Darvas Box BreakoutLooks like a good entry; but, really should wait for a confirmation at the close of the day.
GoNoGo Charts: Can Dominos Pizza break out?The daily GoNoGo Trend shows a “Go” for Dominos Pizza, and over the course of the last few weeks several re-entry green circles as the pizza giant keeps running up against overhead resistance.
The last bar shows a really strong effort to break out, and so we are interested to see what it can do this week.
Interestingly, the GoNoGo Oscillator in the lower panel shows momentum making lower highs with each attempt, so a significant rally off the zero line would be needed to confirm a break out.
Dominos Pizza $DPZDPZ is worth to watch stock. It is very close to break out. needs to hold above $385.97 and watch for rsi break out too.
12 months Consensus Price Target: $375.59
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
DPZ 4hDPZ ,now in a correction wave (ABC) , like Flat Pattern( 3-3-5 ) , after finishing correction another motive wave is going to start
DPZ Likely Breakout Next WeekDPZ seems to be creating an inverse head and shoulders before breaking out at $385 next week, if it continues with it's current up trend line.
Pizza Anyone?? DPZ Bearish Crab Already in process Dominos Bearish Crab- seekign to reach its peak for LONGS- to soon be shorted for profits as well
Reference this formation to the Harmonic call made on Platinum.
Bearish on DPZ if it gets rejected on resistanceLooking for 7-9 point drop if it gets rejected. WATCH closely.
Time to landDomino's Pizza is aninternational fast food franchise , mainly for the preparation and delivery of pizza . Its headquarters are located in Ann Arbor in Michigan , the US . Founded in 1960 by the philanthropist and anti-abortion activist Tom Monaghan , Domino's Pizza today has more than 17,000 points of sale in sixty countries, including 400 Domino's in France and more than thirty in Belgium .
Since July 2004 , Domino's Pizza has been listed on the New York Stock Exchange (NYSE) under the symbol "DPZ".
BUY DOMIES- SWING TRADE - ENTRY BETWEEN $340/35 - EXIT $372/377CURRENTLY OVERSOLD - PULLBACK ENTRY - BE PATIENT - LONG
Dominos Pizza Short Term Analysis- Stand aside1h Chart Analysis - Currently the market can move in both direction - the main trend is still Bullish.
I was not able to find any interesting signal/patter to determine the level for the option A. While, if the red line work as resistance the price can jump back to a 276.0 level (approximately)
Dominos Pizza Bullish Flag - Currently Stand asideBased on a daily chart (long term analysis)
It can not be a broadening formation (dotted line and red line) as it seems to work more as a continuation pattern.
It is more a Bullish Flag (red line and black line). The bullish flag is drawn considering only the closure price as per Dow Theory and not the intraday variation.
To me it still seems a market out of control (see volumes and triangles drawn on the chart), hence I personally would stay out.
Overall it is a bullish Market, but it does not give any certain signal to buy yet.
