NYSE:DPZ This is a chart I see a few pro traders play but not alot of retail. Getting tight and I sure do like the way the MACD is sitting. Bands are tightening up while coming into the 50 SMA. Looking for that RSI to flip
-Domino’s Pizza on Thursday reported that its U.S. same-store sales climbed 3.5% in its latest quarter, despite tough comparisons to its skyrocketing sales during lockdowns last year. -Shares of the company rose more than 11% in morning trading. -Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by...
Weekly: Closed lower, after upwick, impulse is blue (meaning MACD-H ticking down). Latest top diverging with previous local top. Often times, the 2.5 ATR level is a turning point for tops. Daily: A nice set of divergences, on MACD lines, MACD-Histogram, and EFI. Even there is a divergence on Stochastic RSI, as well as ATR lines, showing an ATR channel divergence...
2 Weeks ago DPZ tried to conquer the level of 432 and failed then tried again this week and confirmed it's failure. We now have Hidden Bearish Divergence on the MFI and we have Weekly Momentum Pointing downwards on the Momentum Indicator. I will be looking for around an 80 percent pullback towards the $330 area from here.
DPZ Short due to competition from traditional restaurant and pressure on Cost/Materials... Global Inflation and labor cost will push profits down and currently overvalued. PZZA is slowly catching up with Tech and YUM is more able to handle conditions. Target Price 380 in the next 100 days.
DPZ is in the penalty box for a profit miss on recent earnings + downward analyst price target revisions. Risings costs can comfortably be passed through to their loyal & growing (+17.5% same store sales growth) customer base. Their web & mobile UI/UX remains unparalleled and by the way, the pizza is still AMAZING. I recommend trying their pizza with the garlic...
$DPZ is the stock that has burned me the most. Hence, why I study and chart, and re-chart, this ticker. Citi analyst has upgraded the stock with a buy target of $435. Revenge trading is bad, unless it works, then it is cathartic. I will be picking up DPZ calls with a June or later expiration, should the right shoulder pull back as expected. This is high on...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Left Chart: DPZ is sitting around a strong resistance in green from Daily timeframe, and upper brown trendline so we will be looking for trend-following sell setups on lower timeframes. Right Chart: on M30: DPZ is forming a channel in red , but the lower red trendline...
DPZ after strong uptrend, the recent pricing is undergoing the bearish correction. The prices are currently going through ABC correction and eventually target to hit at ballpark of USD167.87 (61.8% FIBO) to complete its correction. A stock to look for short opportunities when rebound. Happy trading.
Targets: 331, 300, 375 Every pullback must be seen as an opportunity to sell. Long should be opened only above 390. Use appropriate quantity and risk-reward ratio. Always use a stop loss. Always risk a maximum of 1-2% of your capital. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal....
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for Domino's Pizza, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
DPZ Entry = 380 Cost Avg Down (CAD) = 352 1st Target = ATH (434) 2nd Target = 485 HODL Target = 516+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading...
Looks like a leader that's on its way to break down. 1st close below its 200 MA since October 2019.
Interesting play here for earnings, looking to fill a gap, currently overbought could see about 2% pullback around 393? That would be an ideal buy in!
Still holding support lines consolidating before earnings rally.