TITN is bearish; no trade recommended due to expected further decline towards $60.
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Let's look at uh T10 because uh I know that I know that there was uh u you know Google and light that we can also look at and Apple uh but I know that T10 was getting asked about earlier in the show when I uh first jumped on. So let's let's look at that one real quick.
Okay, here's your T10 chart. This is Service Titan. This had actually recently made a pretty nice run up. Started to fall, but boy oh boy, down 17% on this. I actually didn't even add this to the bot gap list here today because um I I don't know how I feel about this.
The other thing is we talked about this a little bit on happy hour last night and I admit I I am not familiar with this company's products. I don't use them. Uh we don't use them here at Benzinga as far as I know.
So I'm not speaking from firsthand experience, but it seems to me that this is one of those companies where AI is really turning the screws on it. That's kind of what I gather from this.
Could be wrong. Y'all have to correct me if that's the case. However, what we can be sure about is that the 17.65% move lower, no bueno. We actually yesterday we busted through the 50-day like it wasn't even there.
And then with the gap down here, we coughed up the 200 and the 100. And it basically looks like we're trading down towards this $60 level. If we continue, if we continue, I think 60 is the next spot of interest here.
And actually, look at this. Lion, how about this? Lion says, "No trade on T10. Looks like more downside to come." I would be 100% in agreement with this. We'll see if we're right.
What do you think? Well, it it's so this move down started before their earnings and even though they had, you know, earnings beats, their Q3 sales guidance missed the midpoint estimates, their uh fiscal year 2027 sales guidance didn't really impress that much either.
Like it it's it was barely an increase in in in the guidance. So I I think with that in mind, it it looks like investors are just maybe just running for the exits because this company could be at peak earnings.
You know, it it it could be that it could be another another uh some other number of things because like I said, the movement started before their earnings and the earnings only seem to accelerate to the downside.
So, there's something else happening here that isn't really apparent uh right now, but uh this is getting, you know, this is already oversold and it looks like it's going to continue to become even more oversold.
In which case, there's going to be a a pretty good bounce coming here with this. Not going to say it's a full recovery. I don't think this is coming back up to 100 anytime soon, but uh but to your point, yeah, this looks like uh 60 is, you know, the next stop for this one.
Yeah, there's there's a case to be made for 54, but it looks to me like 60 is where this is headed next, and it's going to be very oversold at that point. Let me look at one more other thing here with this.
So, we lost that moving average. There's there's aside from previous levels, there's nothing else to really catch this fall here. So, I I don't I I agree with Lion. This isn't one that you want to try and and you know, play with or catch or anything.
What this channel has said about $TITN
Benzinga has only this one call on this stock.