Peloton Can’t Get A Ride

March 3rd 2024 – The price of Peloton remains in a negative medium-term trend reports Trend Intelligence, as price action settled on Friday 1st March at $4.60, far from its $160+ all time high.

Trend’s Analysis (click chart to expand): Trend’s D* Momentum Indicator creates a clear visual representation of price trends that are in play across asset classes and financial instruments. In Peloton’s chart, Trend Intelligence reports a red (-D*) line exceeding (and diverting away from) a green (+D*) line. This is (and as historically shown to be) a negative trend signal. In addition to the use of the D* Momentum Indicator, price action currently remains below all 3 of Trend’s short, medium and long term moving averages and Trend’s pink shaded Japanese Cloud indicator. The combination of all stated indicators corroborate Trend’s negative medium-term trend rating on the stock, looking negative for weeks and months ahead.

Downside Sentiment: Shares of Peloton fell by close to 25% in February 2024 after the  group cut back its sales forecast amid slowing demand for its high-end equipment according to The Guardian. Adjusted losses  were estimated to widen, from $18.7m to as much as $30m.

Upside Sentiment: Peloton’s new chief executive, Barry McCarthy has reduced its global workforce from 9,000 to 4,000 and has outsourced hardware production and fulfilment. Peloton also now sells used bikes and is developing new partnerships with third-party retailers according to the Financial Times.

Authored by: Trend Intelligence, London

Recently published
UnitedHealth’s Pain After Loss Of CEO

UnitedHealth’s Pain After Loss Of CEO

December 6th 2024 –  The price of UnitedHealth Group continued its second day of aggressive selling following the targeted assassination of its CEO Brian Thompson in New York last week. The gunman is still at large. The 2 day moves are starting to produce a cluster of...

Samsung’s Chips Are Lagging In The A.I. Arms Race

Samsung’s Chips Are Lagging In The A.I. Arms Race

November 30th 2024 –  The price of Samsung Electronics continues to produce a cluster of negative medium-term trend signals reports Trend Intelligence, as its current share price of 54,200 KRW trades some 40% lower than its July 2024 highs of 89,000 KRW. Trend's...

Euro Stoxx On The Rocks

Euro Stoxx On The Rocks

November 24th 2024 –  The Euro Stoxx 50 Index now begins to show a cluster of negative medium-term trend signals reports Trend Intelligence, as current price (4,795) trends some 5.5% lower than its September 2024 highs of around 5,075. Trend's Analysis (click chart to...

FTSE 100 Signals More Red To Come

FTSE 100 Signals More Red To Come

October 31st 2024 –  The FTSE 100 now begins to show a cluster of aggressive negative short-term trend signals reports Trend Intelligence, as current price (£8,110) trends some 4% lower than its May 2024 highs of around £8,450. Trend's Analysis (click chart to...

UnitedHealth’s Pain After Loss Of CEO

UnitedHealth’s Pain After Loss Of CEO

December 6th 2024 –  The price of UnitedHealth Group continued its second day of aggressive selling following the targeted assassination of its CEO Brian Thompson in New York last week. The gunman is still at large. The 2 day moves are starting to produce a cluster of...

Samsung’s Chips Are Lagging In The A.I. Arms Race

Samsung’s Chips Are Lagging In The A.I. Arms Race

November 30th 2024 –  The price of Samsung Electronics continues to produce a cluster of negative medium-term trend signals reports Trend Intelligence, as its current share price of 54,200 KRW trades some 40% lower than its July 2024 highs of 89,000 KRW. Trend's...

Euro Stoxx On The Rocks

Euro Stoxx On The Rocks

November 24th 2024 –  The Euro Stoxx 50 Index now begins to show a cluster of negative medium-term trend signals reports Trend Intelligence, as current price (4,795) trends some 5.5% lower than its September 2024 highs of around 5,075. Trend's Analysis (click chart to...

FTSE 100 Signals More Red To Come

FTSE 100 Signals More Red To Come

October 31st 2024 –  The FTSE 100 now begins to show a cluster of aggressive negative short-term trend signals reports Trend Intelligence, as current price (£8,110) trends some 4% lower than its May 2024 highs of around £8,450. Trend's Analysis (click chart to...