PTON

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Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>PTON stock price fell 20.85% in September 2023.</a></li>
 <li><span>2</span> <a>Peloton stock price is trading near its multi-year low.</a></li>
 <li><span>3</span> <a>Peloton Interactive Inc. stock may show a pullback rally to the 50-day EMA.</a></li>
</ul>
<p>PTON stock price fell 20.85% last month and formed a bearish pattern. It faced sharp rejection from the $6.75 level and declined by forming a lower low candle.&nbsp;</p>
<p>Peloton stock price is in a strong downtrend and trading below the 50-day and 200-day EMA. However, the stock price looks oversold so a pullback rally toward the 50-day EMA is possible.&nbsp;</p>
<p>Peloton Interactive Inc. stock is down by 37% on a YTD basis. It disappointed the expectation of the long-term investors and eroded all its previous gains.&nbsp;Recently, PTON stock price hit a multi-year low at $4.31 and showed a minor pullback. However, this up move lacks fresh buying so prices might face difficulty to hold the higher levels.&nbsp;</p>
<p>On the higher side, $6.75 will act as an immediate hurdle for the bulls. If the market sentiment improves and buyers succeed in breaking out of the $6.75 hurdle, a short covering rally might trigger.&nbsp;</p>
<p>Peloton stock price closed the previous session at $5.11 with an intraday decline of -0.20%. The market capitalization stands at $1.82 Billion.</p>
<h2 class="wp-block-heading" id="strong-will-pton-stock-price-show-short-term-pullback-strong"><strong>Will PTON Stock Price Show Short-Term Pullback?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/21q4BrhW8NXOTSVjdCjM_QlKfEiJ1ZkFD4yUpNNhMX0nypkVW1wf5i3cuRXYx0P_ShgOgTAnkhrOwuMkYAGgqKMkK9pbWcs_woj9q-Y7mDxMuL1RH9IOuiXkZhI1NRY6iiSFaanEMHrF4qhf9DnqpQU" alt="PTON Stock Price: Will Peloton Stock Reach $7 by 2023 End?">
  <figcaption class="wp-element-caption">
   NASDAQ: PTON daily chart by<a href="https://www.tradingview.com/x/d5bOnwmx/" rel="noopener noreferrer nofollow"> TradingView</a>
  </figcaption>
 </figure>
</div>
<p>PTON stock price is inside the bears’ grip and no strong signs of recovery are visible. Previously, the short-term pullback faced sharp rejection and sellers continued their dominance on the higher levels.&nbsp;Therefore, until <a href="https://www.thecoinrepublic.com/2023/09/10/pton-stock-will-peloton-stock-price-break-down-5-or-recover/" target="_blank" rel="noopener noreferrer nofollow">Peloton stock</a> price breaks the $6.75 hurdle, the short-term trend will remain in a bearish grip.&nbsp;</p>
<p>PTON’s share price consolidated a lot so it might spend some in the range between $4.27 to $6.75. If the <a href="https://www.thecoinrepublic.com/2023/09/10/pton-stock-will-peloton-stock-price-break-down-5-or-recover/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> chooses to consolidate, then it might be a sign of short-term base formation.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-peloton-stock-price-fell-for-eight-consecutive-weeks-strong"><strong>Peloton Stock Price Fell for Eight Consecutive Weeks</strong></h3> 
<div class="tradingview-widget-container">
 <div id="tradingview_85161"></div>
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div>
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script>
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NASDAQ:PTON",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_85161"
}
  );
  </script>
</div> 
<p>Peloton stock price forms a bearish pattern on a daily, weekly, and monthly time frame. It fell for eight consecutive weeks and eroded a large portion of its market capitalization. The possibility of the upside reversal is low but short sellers must be careful of the squeeze.&nbsp;</p>
<p>The MACD curve is sloping sideways but the histogram bar is green indicating mild bullishness. However, the price action denotes weakness so there is a divergence between MACD and price analysis.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>PTON stock price fell 20.85% last month and hit a multi-year low. The price structure of the Peloton stock is bearish and sellers look highly active. So, the possibility of reaching $7.00 is quite low.&nbsp;</p>
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5>
<ul>
 <li>Resistance Levels: $6.75 and $7.50</li>
 <li>Support Levels: $4.27 and $4.00</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

PTON Stock Price: Will Peloton Stock Reach $7 by 2023 End?

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