The PEAD projected a Bearish outlook for $RH after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
Not doing lots of micro, but this earnings call is insightful to get a sense for the situation in the real economy. I just cut through the BS and put together the macro snippets. CEO Gary Friedman goes full mad max. Enjoy!
"While first quarter sales and margin trends remain healthy due to the ongoing relief of our backlog, we have experienced softening demand in...
Has an adjusted earnings growth rate of 26.78% with a historic 12Y norm PE of 26.89 (5Y 20) and a current P/E of only 15. Intrinsic Value based on 15 P/E alone for 2022 estimates = $390. With an adjusted earnings growth rate of 13.09% across a 5Y span, this is a solid buy.
Risks are the 72% Debt/Capital with interest rates being a risk as well as homefurnishing...
RH appears to be trading in a wide rectangle. This pattern is neutral until a trendline is broken and a confirmed trend is underway in the direction. RH has pierced the upper trendline but a throwback occurred,
Negative volume is high.
Price is sitting on the bottom trendline which is support unless broken. Support and resistance levels were made to be...
Restoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace. Fundamentals - Sales of new U.S. single-family homes increased in July after three straight monthly declines. Median house prices surged 18% to $390K from a year ago. People are still renovating homes in this low rate environment and people working from home.
Technicals -...
Restoration Hardware
Coming off earnings
Higher highs, higher lows
Price action from August 11th highs are bouncing from the August 19th lows
PT -> $720, 10 days, Sept 3rd
Low Volume
Rsi -> breaking above the 50 line
Green hammer on the daily
RH's (RH) stronger-than-expected fiscal Q1 results featuring "beats across the board and demand at record levels" signal more gains in 2021 and beyond "on a slew of initiatives to drive growth," BofA Securities said in a research note.
Following a strong earnings, RH has consolidated for a few months accumulating institutional buying.
If RH closes above...
$RH continues to build its base at ATHs after that earning gap up. The base is now a 3+months cup with handle pattern. Keep an eye on this as it is doing all the right things building that base so far.
RH is expanding into Europe, and we’re positive on that move. Historically, when U.S. retailers go international, things get tricky. Usually, they’re selling other companies’ products, but RH sells its own. Demand for the product is every bit as strong in Europe as in the U.S
The stock trades for about 30 times next fiscal year’s earnings, and we see the company...
Must have been a great earnings report!
Just makes me wish I had bought it yesterday! I had the chart already done but did not buy it and I knew the flag was there. Oh well. Bull Flags do not always break to the upside but this one sure did!
No recommendation.
It was a lot harder to buy yesterday. Now it seems like a no brainer. Too bad I am not...
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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Technically this looks to go down and it can accelerate post earning this week. If you like my posts fell free to leave some comments/feedback.
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gl.
This is based on my dowsing method and is for my own journaling purposes. I don't follow RH, however, I am a fan and bought stuff from them this past quarter. I'm sure that will help them go higher ;)
I get a good move up 12% or so, however, indications are it makes a peak on a daily. So may not keep going, and I'm sure the indexes will go back down, so that'll be...
