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LEMONADE INCLL

LEMONADE INC

690.00MXND
+5.00+0.73%
At close at Jun 3, 19:23 GMT
MXN
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LMND trade ideas

LMND - BULLISH developmentsHi guys. Been keeping an eye on LMND last couple weeks as it was interacting with a major downward sloping resistance line dating back from its TOP in 2021. Shown by the red sloping trend line. This is on the Daily timeframe. I will interpret 2 things: 1. Price action 2. Indicators Firstly, price action seems to have bounced beautifully off the 12.81 low. TOdays candle particularly is extremely bullish engulfing with a lower wick. If we close like this, it screams bullish in my opinion. On top of that with the previous 12.81 low, we are now setting up a potential double bottom. This is also bullish. Also note the bollinger band (BB), how fridays candle we wicked below this. Usually this is a great area to pick assets up. Especially when a higher low is expressed with the lower bands of BB. Now note the indicators: RSI is forming a bullish divergence, where indicator forms higher lows (pointing upward) acting inversely with price action which is normally forming lower lows (pointing downward), but in this case its sideways or flat. So a atypical divergence but divergence never the less. Stoch RSI is also below the 20 level but has crossed bullish. Expect it to cross above 20 level which would be confirmation. But generally with other signs that scream bullish i do like this to be below 20 level in some instances. ALso notice the MACD, it seems like with the small sized red rectangles of histogram that bearish momentum is weaning off and potential bullish momentum cross is likely to occur soon. Conclusion: Things are shaping up for this to be a nice swing trade. With a potential double bottom and bullish divergence, on top of bullish crosses in both STOCH RSI and MACD. I have taken a swing position with stop loss below the Red support line of 12.81. PLease let me know what you think. Please boost, comment or follow for more TA analysis. DISCLAIMER: This is not financial advice. This is for educational purposes and to express my ideas for improving my skills. Please when trading you establish your very own strategy with risk management in mind especially utilizing stop losses and other means. Thanks
NYSE:LMNDLong
by SafofAllTrades
LMND - Major Area to be watchingHi guys. Lemonade, Inc. has caught my attention with its recent price action. This will be strictly TA based, as thats what im into. Jumping right in. This analysis is on the Daily Timeframe. Ill probably have more charts up looking at larger timeframes and updating when i see fit for each timeframe. So on the chart we have: 1. A green box - which is in my opinion a major consolidation area / potential buy zone for long-term investing 2. White lines - Major RESISTANCE lines 3. Orange lines - SUPPORT lines/ levels The lines are numbered so compare explaination to number system i have EXPLAINATION White Resistance lines (numbers here reflect numbers on chart): 1. This is MAJOR MAJOR MACRO RESISTANCE, indicating a downtrend since our HIGHS are January 2021. 2. This was major support turned resistance dating back to March 2022. We have been last 2-3 weeks battling these 2 major areas. It is a very crucial point in the price action of this asset, ESPECIALLY line #1. If it can confirm above these lines, we have major major trend change and a possibilty that the bottom is in for this. We have recently however been pushed down from above. Having difficulty in keeping above these lines with major selling pressure. OBSERVATION: In this recent price action, we had 8 days above this #1 WHite line. Compared to previous history, its the most days we've been above this line, EVER. So my opinion BULLS are fighting real hard to break this BEAR TREND of 2 years. Orange Support lines (numbers here reflect numbers on chart): 1. Major horizontal support here, some major buying taking place, keeping us above this. Since its a daily candle we need to continue to see how price reacts. 2. Major Support trend line, dating back to December 2022. Currently reacted well, is supported by it. #1 and 2 orange lines, we have confluence here of major support. This is a good sign atleast for now. We had a nice wick indicating buying from these 2 levels, keeping the recent uptrend from December INTACT. #3,4,5 are the next support levels to look at, if #1 & 2 break. If we hit #5 and or the lower aspect of green box (green line), somewhere down the near future. This could indicate a double bottom and is massively bullish. Anything below green line would be worst case scenario but thats low probabilty fo now. And would only discuss if probabilty increased. I also added a INDICATOR. RSI -> So here i have 3 white lines. Keeping it short, we need to keep support on these lines, break above all of them and create new higher highs on RSI and go above the Yellow line or MA to show strength. If we confirm above White lines #1 & 2, i will most likely enter a long as it could be a nice growth stock to add (in my opinion). So lets see what happens. We need to observe this, since we are in this critical time in LMND price action. Let me know what your opinions are, if you see anything bullish. I'm not a FA guy, so also if theres any positive news i should be watching out for let me know. Boost, COmment, Follow for more updates on LMND. Check out my other ideas in my profile. Disclaimer: IDeas expressed here are my opinion. this is not financial advice. I am not a financial advisor. Please trade responsibily, perferably with stop losses. Thanks.
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by SafofAllTrades
LMND | Rise from the Ashes | LONGLemonade, Inc. provides various insurance products in the United States and Europe. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. and changed its name to Lemonade, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.
NLong
by DivergenceSeeker
1
Lemonade Inc UPDATEDI resume feeling Long-term bullish despite of another drop. This is a company that offers homeowners and renters insurance at low premiums with instant claim handling. As the first P2P insurance, they also integrated AI into the system of the coverage and consumer interaction, making it more technologically advanced in comparison to the other companies in the same field in the long run. Therefore downtrend is not here to stay forever obviously. The lower it goes the faster the relative support zone is created.
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by fract
3
LMND Bottomed Out?I think LMND is in a large inverse fibonacci pattern, with the lowest possible being this 618 extension. Any extension lower would put the stock into the negative, so by default, I believe the 618 is the lowest. I believe some consolidation was needed after hitting this extension because the price needed time to get around the MA on the larger time frames/MA's to flatten on the smaller time frames.. hence, the wedge we see. This week, a day candle finally cleared this wedge, and I believe we started a much smaller regular fibonacci (not inverse), that had a 786 retrace. I'm looking for a 227 extension touch of this fibonacci, and ideally, a 618 around $23. I believe the bottom of this stock (for the foreseeable future anyway), has been touched, and that the price is now in consolidation mode while working it's way up. Also, the large overall trend line from the ATH price has been cleared, and I think that is a good sign. *Not trading advice, just personal analysis. Trade at your own risk.
NLong
by UnknownUnicorn1935796
1
Drink it down!Lemonade Short Term We look to Sell at 22.81 (stop at 25.17) Preferred trade is to sell into rallies. Trades with a bearish descending triangle formation. Previous resistance located at 23.00. The medium term bias remains bullish. There is scope for mild upward pressure at the open but we look for selling interest to resist gains. Our profit targets will be 16.20 and 15.01 Resistance: 23.00 / 30.00 / 60.00 Support: 16.20 / 10.00 / 5.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NShort
by Saxo
LMND finally ready to make some $$?A divergence is growing between smaller, high growth stocks and larger, market-moving stocks (e.g. AAPL, TSLA). Funds already largely cycled out of many smaller stocks and now the withdrawals are coming from large caps. This is the cyclical nature. This also means that there are plenty of small caps which are quite attractive at their current levels. A quick recap on why LMND is down ~90% from it's ATH last year: LMND had a stupidly-low gross loss premium when they IPO'd, coupled with even more ridiculous growth numbers. But, management made an oopsie by being too aggressive and not putting enough money away for claims and, given the size of the company, when the Texas freeze happened it had an outsized impact on them, running the gross loss ratio up to 120%. The ratio currently sits ~90% but needs to be b/w 70-75% for LMND to excel. It's improving, just really, really slowly. LMND acquired MILE in an all-stock transaction, this brings a major up-sell opportunity to LMND as well as a larger market. This will undoubtedly jump start their foray into car insurance, but it comes with a big caveat: MILE, like LMKD, is also losing money hand over fist. At the end of 2021, LMND and MILE were losing a combined ~350MM/yr with a combined ~1.3B in cash (after liabilities). So they are OK in the near term, but this brings me to the final point: LMND anticipates closing the MILE acquisition this quarter. If your maths are good like mine, that means in the next 5 weeks. Investors didn't love the acquisition, but now that its happened, there is a chance they can use that magical executive jargon and synergize , reducing redundant costs while expanding cross-sell opportunities. LMND's growth is slowing, but it is still > 40% YoY Ok, ok, you still think LMND is a dog with fleas. That's fine. But let's also look at the macro. The whole market has been set on fire the last few months and left to burn. But LMND has found (what appears to be) a floor in the $16-17 range, wicking down several times between March and May and getting good support to retain the $20 level even when the rest of the market has been consistently selling off. My (very personal) take is that the shorts that moved LMND from 180 -> 20 have mostly exited the first time that LMND hit $17. The movement since then has been largely market makers who are pinning the price since overall volatility is so high (covered calls at the money are returning 5% PER WEEK for market makers). Just today, LMND wicked the 16 month trend line, showing a build up of demand that could shoot through with a larger market movement upwards. Taking a look at the QQQ more broadly, I show that it held onto a 2 year trend line. I also think that, at least for what information is available today, stocks are over sold. While I think there is more downside to come, after seven down weeks the market will revert to its short-term mean until it gets that additional bad news. As a purely personal opinion, LMND is ready to be bought. I have long-term conviction here in their product and in where they are heading. Even if their revenue growth continues to slow, in 2 years they'll be at ~$350MM revenue annually and the larger they get the better diversification they'll have to protect against asymmetric risk events such as the Texas Freeze. Back of the envelope math, that 350MM at a simple 5x multiple puts LMND at 1.75B, or 30% higher than where they are today. Again, IMHO, this is conservative and doesn't take into account market and up-sell growth ops from MILE. Finally, as mentioned before, option premiums are absurd on LMND right now. Covered calls that are 10% OOTM are returning 2% per week and a great way to offset some portion of the potential downside. The hardest thing to do is to buy when everyone is scared.
NLong
by BullsNBearsEatPigs
2
LMNDEarnings coming up. Seems to be consolidating. Some good questions posted on Robinhood for earnings call; and interested in the way in which they address the questions I do like the company. I like what they stand for, where a portion of your payments is donated. I like their idea of using AI and ML to address insurance. How do they make money? Why is there no insider buying? It is at all time lows, even below the IPO. I will wait to the Earnings call to play this stock. Not financial advice. do your own dd and use your own intuition.
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by ImmaBruin