HTZ
Bout to catch a hurtin’
Daily chart analysis
These jokesters went from filing for bankruptcy to owning a fleet of Teslas cars and having commercials with Tom Brady.
Those covid bucks did everyone pretty good huh?!
But if you look around, every company little by little has been taking back all those “Covid gains” and the “investor” has been the one paying...
Hertz Global Holdings, Inc. (HTZ) is expected to report a year-over-year decline in earnings on higher revenues for the quarter ending June 2023. Analysts predict quarterly earnings of $0.66 per share, representing a decrease of 45.9% from the previous year. Revenues are expected to be $2.46 billion, up 4.8% from the same period last year.
Analysts have revised...
Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments, Americas Rental Car and International Rental Car. The company provides vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-owned, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean,...
See the weekly chart, developed a huge bearish triangle pattern, attempted key support level 16 multiple times.
If recession is coming and interest rate remined high, ppl will not rent cars for vacation. Plus HTZ fundamental is weak
It will be interesting to see what happens to CAR and HTZ over the next month. Stock price went up with the post-Covid travel boom and used car price increases, but that bubble has burst.
Technically, price has been rangebound for the year, between the yellow dashed lines. Gray ovals mark gaps in price. Moving averages lean bearish by their order, yet there is no...
Hertz has been moving sideways really since February. Holding up well in overall bearish conditions. Now showing bullish divergence indicating that momentum could be about to turn. There is horizontal support around the $15 mark, making this a lovely risk to reward play. There is resistance around the $20 and $24 mark but this has plenty of range for a longer term...
Different position now than a year or two ago
Inflation driving their portfolio up. More people are driving and need cars, automakers are slowing on car making with oil, driving up the price of normal cars for now until the switch to EV's is more underway
Also commitment to higher market and TaaS (transportation as as ervice) and are partnering with TSLA by...
The chart pretty much speaks for itself. Hertz looks like garbage.
Just rejected a key resistance and is about to head much lower.
First stop $10, then like $7, and we'll see how low it goes once it's done dropping.
Supports and resistances are converging
Blow out holiday rental season due to bad weather should ensure the right supply / demand characteristics to help boost this company at a much needed time.
Hopefully the extra cash helps them in their purchasing of the TSLA fleet
TSLA is already committing to order fulfillment at this time rather than introducing new models.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
hammer candlestick + created a support trend line (short term) think it can see 26-27, whether it breaks or not dependant upon the participants, risk below trend line target at/near supply area
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If price breaks the weekly resistance zone in blue, price could continue up to the $10 level, before giving a retracement. Long term getting to the $11-$13 range before toping out at the $20 range.
If price breaks below the $6.80-$6.50 level and breaks the up trend line, we could see a deeper retracement, before moving back up to top out at the $10 level.
If...
