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Peloton Interactive, Inc.PP

Peloton Interactive, Inc.

6.95USDR
−0.08−1.14%
At close at 00:59 GMT
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PTON trade ideas

Please welcome the Bear Flag to the PTON chart!If you have been watching the PTON chart for the past few weeks and/or been following my ideas over the past two weeks, you would have seen the head and shoulders pattern materialize/activate. However, earlier this morning, a new pattern entered the mix! As you may already know, it is very common for the price to come back up to the neckline of the H&S pattern after breaking below, so there was no reason for people with short positions in PTON to panic when seeing the price rise rapidly over the last week. The twist here is that not only is the Head and Shoulders pattern still valid, but there is now also a valid bear flag in play! This bear flag was a few days in the making and was confirmed earlier today. The reversal pattern (H&S) initiated the downtrend by reversing the uptrend and the continuation pattern (Bear Flag) along with the active H&S pattern will most likely pull the price down: Price Target 1: ~$70 Price Target 2: ~$55 If/when the price can hit the first target, we can hope for the price to go lower and hit the second target. Please view my last three ideas for reference of the Head and Shoulders pattern. I will keep this idea updated with any updates to my stance on this.
NShort
by Sri2Trill
$PTON Harmonic triggers/prz + news =MoneyGuys this is an easy institutional short to long pattern and also my favorite pattern, when second peak falls in extension window, stock is toast, don't not believe me see $TDOC same exact pattern i did for PC's. You trade stock's and alerts we will trade patterns w patience and take easy money from this market, It took me while to be able to see this one & draw wo tools. only one harder is butterfly in my opinion. Learned this in Singapore from the one and only legend himself @tntsunrise (tv) / Jack Zang/Projack (youtube) 🙏 Wo a doubt best trader i have seen in person and no one comes close, and i owe him to all of my success .
NLong
by Hiddenharmonicstrading
18
PTON broke out the wedge but still weird chartcrazy stuff happened in morning, and I'm not a fan of the chart to be honest the head and shoulders... the wedge it just was mean to fall but some miracle happened this morning, personaly I wouldn't touch the trade until the 116.70 is being crossed and even after that it's very sketchy, it might get rejected by the trend line it passed through and dip back down but in general way better trades can be found this one is a question to me. NASDAQ:PTON
N
by swagmax333
PTON, BREAK OUT!Hello fellow traders and investors, here's another trade idea. This is an update on my previous idea on Peloton. Peloton has been selling off and has been respecting the downtrending channel and has recently broken out. If PTON makes a recovery to the take profit area it offers a 50% ROI. Technicals: The Macd indicates that it's oversold and in an uptrend Bullish volume is getting exhausted and it looks like we might see a small correction. When To Buy: Now or when there's a corrective wave When To Sell: I recommend selling at its previous high Fundamentals: PTON operates as an at-home fitness platform for live and on-demand indoor cycling classes. The company connected, technology, fitness, and the streaming of immersive, instructor-led classes for its clients. Peleton was made for busier individuals that want to go to the gym but Peleton makes the experience much better by for example reducing the commute, offering an in-home fitness session while still having an amazing instructor. Peloton has a P/E of 148 which definitely isn't great however there is a good reason for that, a P/S of 8.8 and it's because of their growth in sales of 140% Q/Q, an earnings per share growth of 85% Q/Q this growth can explain their valuation since the investors in this scenario are pricing this stock on what it will potentially be worth in the future, a short float of 6% and a profit margin of 5.80%. Rating: 70/100 since the technicals look decent and so are the fundamentals I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NLong
by UnknownUnicorn11084119
1
I see only upside for $PTONI bought some at 90s and more at 80s All the indicators are turning positive. This was way oversold. I believe it was due to market condition then the company itself. The CEO was quick to response and limit the damages. We are not out of the woods yet so demand will keep rising. They seems to have fixed the production bottleneck and are creating new content each month! I am looking to seeing this consolidating further and will keep buying at any dip.
NLong
by aristocks
PTON Short EntryOh Pelaton. What a ride you had :) This stock started last year (2020) at around $27 a share, rising up to $170 just 12 months later. It's time for a correction. And, although I'm not a fundamental expert/trader, I believe there's a case to be made here. First, let's look at the charts. Technical Basis - Daily Chart Let's start with the Daily chart. There are quite a few things happening right now in this chart. Let's start with the moving averages. The first red arrow below points to the crossing of the averages. With the 200 period on top and the 20 period on bottom, we are in a perfect situation to enter a short trade. Next, we have the diagonal trend line that'd been respected for a few months now. We're right at that level, with the Stochastics up in overbought territory. Great second sign of a solid short entry. Going on, we see a bit of a support/resistance zone around $100 (my line is at 99.88). Price has respected this a bit, and we're back at that level. On the short side, this is a bit of a break and retest entry, and I am expecting this to fail downward. Finally, my favorite part is that the horizontal support/resistance line is currently crossing the trend line. This is a great place to enter a trade. When two of my lines cross on a chart, its a confluence of lines, and likely to be a point where price bounces. Technical Confirmation - 4H Chart For furher insight, I pulled up the 4H chart. Now, this isn't a perfect entry or setup by any means, but it's decent confirmation. Price has tested the upper Bollinger Band, and Stochastics are in overbought territory. Again, a great place to enter as the current candle is showing a reversal pattern together with the previous two. Fundamental Thoughts As mentioned, I don't look deeply at balance sheets or company politics. Fundamental investing is not my game, and I don't pretend to be good at it. However, there is one thing that comes to mind. The pandemic is getting better in many countries, and people are beginning to go outside. Gyms are re-opening, people can run/bike outside, and although Pelaton built a huge customer base, I don't think purchases and revenue will rise at such rapid rates. Just my two cents there. My Trade So, there are many ways to get into this trade to make money. You may not be able to short the stock, and that's okay. I often don't short stocks myself. Instead, I'm going with a Vertical Put Spread option on this one. I am doing a 18 Jun 21 spread at 97 and 94 strike prices. The premium I paid came out to $90/contract, with maximum gain of $220 (not including commissions). My breakeven point at expiration is just about $76 for PTON.
NShort
by MRobertsTrading
2
PTON - Shorting the fancy hamster wheel for quarantined momsPTON has had a tremendous run over the past few months going from approximately 30 dollars to above 160. Over a 500% move. Makes you question how much its really worth doesn't it. Well we are about to get the answer soon. PTON has formed a head and shoulders that has taken 5 MONTHS to form. On May 5th we had our breakdown with VERY HIGH VOLUME where PTON broke through its 100 support, which acted as support for 5 MONTHS. Right now PTON looks like it is going to retest the previous 100 support level. My opinion, when it gets there the 100 level will become a resistance. PTON will then continue on its bearish move to its next highest VPVR region of 70 to 60 dollars. That is almost a 25 to 35 dollar move from where we are currently. If things get really hairy then we are going down to the next VPVR level, which is where I think we will end up at the end of all this, the 45 dollar level. A 50 dollar drop from where we are as of this post (95.19). There are two very important things to consider here... 1) The amount of time it took for the pattern to form Patterns are stronger on higher time frames. A head and shoulders on the daily that has taken 30 days to form will be stronger than one that has taken 10 days to form. This pattern is on the daily and has taken 5 months (5 MONTHS!!!!) to form. I cannot stress how important the length of time frame is. A head and shoulders is thought to be a very bearish pattern, combined with the long time frame gives the bear thesis for PTON lots of strength. 2) Breakdown of support with HIGH volume Breakout trading requires breaks at specific price levels accompanied with high volume. Here we have a breakout to the downside at the support level of 100 with extremely high volume. By extremely high volume I mean almost 3 to 4 times the average volume on the daily. 3) The end of quarantine (OPINION) I don't know about you but I'd rather be outside on a bike than inside. Although I still don't know how to read through the fundamentals, the end of quarantine will for sure bring an end to the work out from home craze. Bringing the sentiment of PTON down. Most people love going to gyms to be around other who are working out or going outside and enjoying nature. With less restrictions coming in the upcoming months, I highly doubt people will want to be peddling and looking at nature through a small screen and would rather be peddling outside. Combining all of these aspects has led me to the bear thesis for PTON. Happy Trading! "The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless" - Jack Schwager
NShort
by MoRafi
1