FOREX.com by StoneX logo

Earnings Play Peloton Interactive

Peloton's expected move is 16.5%.

Global Author
Global Author

Share this:

Earnings Play: Peloton Interactive
On Thursday, after market, Peloton Interactive (PTON) is anticipated to report fourth quarter EPS of $0.12 compared to an LPS of $1.88 a year ago on revenue of approximately $581.1 million vs. $223.3 million last year. The company operates an interactive fitness platform and its expected move based on front-month options is 16.5%. The last time the company reported earnings it spiked 16.0%.    

Looking at a daily chart, Peloton's stock price has been in an uptrend since mid-March. The RSI is bullish and sitting just below overbought territory at roughly 68. After price broke out above its 72.00 resistance level on August 28th, it has been making huge price swings and made a record high of 92.50 on September 2nd. Given that the trend is still bullish and that the RSI is bullish, price will likely breakout above its 92.50 high and advance towards its first Fibonacci target of about 112.75. However, if price pulls back to its 72.00 level, traders should look for a possible bounce. If price cannot manage to hold above its 72.00 support level, it would be a bearish signal and price could potentially fall further to 62.50. If price reaches its second support of 62.50, it could be signaling the beginning of a new downtrend.   



Source: GAIN Capital, TradingView
On Thursday, after market, Peloton Interactive (PTON) is anticipated to report fourth quarter EPS of $0.12 compared to an LPS of $1.88 a year ago on revenue of approximately $581.1 million vs. $223.3 million last year. The company operates an interactive fitness platform and its expected move based on front-month options is 16.5%. The last time the company reported earnings it spiked 16.0%.    

Looking at a daily chart, Peloton's stock price has been in an uptrend since mid-March. The RSI is bullish and sitting just below overbought territory at roughly 68. After price broke out above its 72.00 resistance level on August 28th, it has been making huge price swings and made a record high of 92.50 on September 2nd. Given that the trend is still bullish and that the RSI is bullish, price will likely breakout above its 92.50 high and advance towards its first Fibonacci target of about 112.75. However, if price pulls back to its 72.00 level, traders should look for a possible bounce. If price cannot manage to hold above its 72.00 support level, it would be a bearish signal and price could potentially fall further to 62.50. If price reaches its second support of 62.50, it could be signaling the beginning of a new downtrend.   



Source: GAIN Capital, TradingView

Related tags:

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.

Economic calendar

Web Trader platform

Our sophisticated web-based platform is packed with features.

Related articles

The U.S. Dollar Is Rising Again and Nasdaq Is Feeling It

Nasdaq, the U.S. Dollar Index and Federal Reserve expectations are driving market sentiment ahead of a pivotal FOMC meeting. Razan Hilal, StoneX Market Analyst, explains how rising expectations for a hawkish Federal Reserve, persistent U.S.-Iran tensions and key technical levels on the U.S. Dollar Index could influence currencies, equities and precious metals in the weeks ahead.

This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.

StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.

In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.

StoneX Financial Pte. Ltd. is not under any obligation to update this report.

Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.

It's your world. Trade it.