Peloton Interactive Inc (PTON) “On a long-term technical basis, the stock (PTON) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 98.61 and 93.13. If the stock breaks down through support at 98.61 then it will probably continue lower to 93.13. The stock will meet resistance at 139.75 and 147.92. If the stock breaks up through resistance at 139.75 then it will probably continue higher to 147.92. The 200-day moving average is at 52.29. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (93.55), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”

Peloton Interactive Inc (PTON) “On a long-term technical basis, the stock (PTON) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 98.61 and 78.47. If the stock breaks down through support at 98.61 then it will probably continue lower to 78.47. The stock will meet resistance at 110.25 and 123.26. If the stock breaks up through resistance at 110.25 then it will probably continue higher to 123.26. The 200-day moving average is at 47.57. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (88.66).”