The ongoing earnings season has been relatively muted as investors believe the results were transitory because the business happened ahead of Trump’s tariffs. As such, most stocks have not had the significant volatility that normally accompanies earnings releases.
This article explores some of the top stocks that will publish their earnings on Thursday, including Toast (TOST), Pinterest (PINS), Affirm (AFRM), and DraftKings (DKNG). The focus will be on technical analysis and the top levels to watch when the results come out.
Toast stock price forecast
The Toast stock price has remained in a tight range in the past few days as investors wait for its financial results. It has been stuck at $36 since late last month, meaning that it is hovering at the 50-day Exponential Moving Average (EMA).
Toast stock is forming a bullish flag chart pattern, a popular continuation sign characterized by a vertical line and some consolidation. It has also formed an inverse head and shoulders pattern, which leads to a bullish reversal.
Therefore, the stock will likely have a bullish breakout after earnings. If this happens, the next level to watch will be at $42.97, its highest level in February, which is 20% above the current level.
Read more: Toast stock has skyrocketed: could TOST surge to $70?
Pinterest stock price analysis
The daily chart shows that the PINS share price peaked at $40.8 in February and has dropped to the current $ 27. It has already formed a death cross pattern as the 50-day and 200-day moving averages crossed each other.
The Pinterest stock has formed a bearish flag pattern, which is made up of a vertical line and a triangle. It often leads to a strong bearish breakdown. Therefore, there is a risk that the stock will go down after earnings, as other social media companies did.
Affirm stock forecast
Affirm, a top player in the buy now, pay later industry, has rallied after bottoming at $30.83 in April, a performance that mirrors that of other companies in the United States.
The eight-hour chart shows that the stock has formed an inverse head and shoulders pattern. The head section is at $30.83, its April lows, while the left shoulder has moved to $42.23. Its neckline is at $52, where it is now trading at.
Therefore, the Affirm share price will likely drop and retest the support at $42.23, the right shoulder, and then stage a strong comeback. The alternative scenario is where it rebounds above that resistance and then continues its recovery. If this happens, the next target will be at $82.58, which is up by 55% above the current level.
Read more: Affirm stock price forecast: set to enter beast mode soon
DraftKings stock price forecast
The daily chart shows that the DKNG share price peaked at $53.50 earlier this year and then tumbled after releasing their earnings numbers in February. The main concern is that the sports betting industry is slowing, which will affect its overall growth.
DraftKings stock price has remained below all moving averages, and like Pinterest, it has formed a bearish pennant pattern. The two lines of this triangle are about to converge, which will lead to more downside.
A bearish breakdown will point to more downside, potentially to the next key support level at $29.70, down by 15% below the current level.
Read more: DraftKings stock nears key price ahead of earnings
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