The PEAD projected a Bearish outlook for $DPZ after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
Very nice strong support that could be broken here. If we break this support I see this going to the 50ema on Monthly chart. This would be a great little trade. Again, news on the war, oil and inflation can make any trade tuff today. We have seen some whipsaw movement. One to put on your Alert for sure.
Earnings watch today 4/28:
pre market
TWTR
DPZ
CAT
MCD
MA
post market
ROKU
INTC
HOOD
SWN
X
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*3x...
Just in line with the market $SPY $ES_F a short setup here. Chart looks really weak, indexes look weak, so going for it with a good r/r.
Similar companies got some moves $PZZA $YUM $CMG but this one not even that, so someone might say that it is time for a pump -- well I'm betting the opposite, puke.
The PEAD projected a Bullish outlook for $DPZ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 57.14%.
TA view:
- Double Hammer at support potential price reversal to the upside
- Is it bottom of downtrend?
Earnings:
-Domino's First Quarter 2022 Earnings; Thursday, April 28
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WEEKLY: Right Chart
DPZ is overall bullish trading inside the blue rising broadening wedge, and now approaching the lower blue trendline so we will be looking for trend-following buy setups on lower timeframes.
DAILY: Left Chart
DPZ is forming a channel in red but the...
Technicals
We're now at the 38.2 % Fib retracement, which would be an excellent correction in a bullish trend.
We have been in the big picture for over ten years in a bullish trend. So the underlying trend may continue.
Concerning the last 15 years, we have a robust bullish seasonality in Domino's Pizza. From the 24th of Feb until the 12th of May, only one...
DPZ currently at Monthly SR level, I personally feel like it's not going to hold and will drop down to the $375 area which is weekly support and also a volume area.
Looking at the M shaped curve for Dominos, it seems like it is setup for a symmetrical drop down to 350$ range.
Couple in inflation costs, labour shortages and supply chain issues this drop can be as fast 3 months.
Domino's Pizza (DPZ) hit an all time high today $561.92, for no apparent reason I can find. The average daily volume for this stock is only around 400k, so this was a very curious move today. Anyways, it looks like a fake breakout because piRSI was showing overbought in the morning, then piRSI printed a bearish cross at 1:30pm today and the price action followed...
After a massive gap up, DPZ has bled all the way back down and filled the gap. Now sitting at long term support, I'm expecting a reversal back over $500. Taking DPZ 12/17 $540c. Football season in full swing, baseball playoffs start tomorrow, earnings next week. Go buy a few pies, please. Anyway, love you, bye.
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...
