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IROBOT CORP

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IRBT trade ideas

IRBT Triangles UpdateMy guesses: If the pattern holds, IRBT will turn down to around $102.09 before beginning an upswing again. The RSI is right for this scenario, and the anticipated drop in price before the earnings report on Oct. 23 would indicate a final drop within the next couple of days, followed by a holding pattern until earnings, before turning up. However, I don't expect the pattern to hold. The reason I have a projection arc is because this pattern has gone on too long. There is a strong possibility that the stock will instead drop below $102.90, with a possible support at $94.36, as can be seen just before the triangles began. IRBT stock prices have been outperforming the industry for the last three months, so a market correction is a distinct possibility. They already released their latest new Roomba on September 9 and there has been no news of any new products. The consensus is that the stock will drop to around $80, but when is unknown. My suggestion: Do not buy now
NASDAQ:IRBTLong
by GaiaDaughter
IRBT heading down. Be ready for upswingIRBT has been falling at a sharp angle, and even with the slight upswing today, considering the pattern over the last several months, I noticed three things. First, IRBT almost always goes down before an earnings report, followed by a sharp upswing immediately after the earnings report. Since the next report is coming out Oct. 28, I believe we will continue to see a downswing for the next few weeks. Second, the RSI is around the 20% mark, and finally, the MACD is above the buy line. So, I don't think now is a good time to buy, but keep a sharp eye out because it will come back. Now, the RSI being so low might indicate the stock is undersold, but in this case, I believe there is good reason.
NASDAQ:IRBTLong
by GaiaDaughter
1
$IRBT Parabolic - Overbought at Resistance$IRBT iRobot looking extremely overbought at this point, meeting resistance near the previous all time high around $108 today. The stock's most recent move which began July 31st has become parabolic in the last week, a nearly vertical ascent - I expect the near term correction descent to be just as quick. Two possible near term targets/support levels - $101 then $94.50. Note: Informational analysis. not investment advice.
NASDAQ:IRBTShort
by Triple_Barrel_Capital
iRobot losing momentumIt was only a small doodling for fun, however as I took a closer look and checked other details I come to the conclusion, that next week going to be a very important turning point for IRBT shares from a technical stand point. I want to see this share succeed, because I absolutely love their products, but based on the highlighted potential downward trend and the slowly dropping volume, I think another big drop is very likely for IRBT next week. Unless IRBT or the US market in general get a major positive push from news, I don't think this share has any more growth potential for now. I'm currently staying neutral on the subject and wait if the share price can break out upwards or downwards to confirm or ease my fears.
NASDAQ:IRBT
by SilentCapitalist