PI IdeaThis current zone is not expected to hold for long. Perhaps we will see a small push up, enough in draw in early buyers right before setting another bearish move to our stronger demand zone.
Market insights
Keep Calm and Fib RetraceThere's some chaos likely in the coming days but if we just focus on the chart it looks like PI should retrace to 0.382 level which is $101.16 and bounce up from there.
This has been a highly volatile stock going as how as 239 and as low as 61 in the last year. So, this is a high-risk play. Keep a good stop loss.
In the longer term, Impinj has great growth numbers, but the PE Ratio still looks high.
1/15/25 - $pi - Bot $135 today, looking to add in low $100s1/15/25 :: VROCKSTAR :: NASDAQ:PI
Bot $135 today, looking to add in low $100s
- been on my watchlist since doing a deep dive on IOT stuffs middle of last year, was just "too" expensive.
- let's be real, >30x EBITDA is still expensive
- but the 20% CAGR looks to be one of these growth rates in an infancy-industry RFID-related chips/ IP... that is at the BEGINNING of the S-curve, this is NOT a mature technology by any stretch.
- these guys are leaders
- seasonal commentary by mgmt today are spooking numbers on an otherwise strong tech day when we were adding NYSE:TSM y day into the print tmr am - so that's a highlight
- but i'm starting to take further risk off the table and make sure i'm going to catch all the future trends, and IOT is one (i like NYSE:IOT as well - have traded in/out - looking to re-enter)
- doing more work... really liked the comment by a X user late last year that i'm copying below to add into the research mosaic - thanks to this fella
x.com
going slow it's a ITM call dec 19 2025... $100 strike that allows me to grab some exposure and do more work without truly necking out and in some sense *hoping* it goes lower in the coming weeks so i can grow size.
as you guys know - i like to form positions where i'm *indifferent* whether stock goes up or down given risk mgmt/ sizing considerations. for now, i don't think stock is an obvious buy
the reason i write and added is b/c it's a take-profit from some recent wins (uber, nxt, tsm come to mind - more to come!)... and want to rotate a bit/ explore other leaders and not get too greedy on these entries. still learning the heartbeat of these names tho, so again, slow and risk managed entry.
hope u guys r all having a good week
anyone that has a more nuanced opinion here or other links to explore the case... appreciated.
V
PI looks like it may continue to fall until August 2025All the usual disclaimers:
1. I am not registered with FINRA. I am not a financial advisor.
2. Prior performance is not a guarantee of future performance.
3. This post is not and is not intended as financial advice. Instead, this post shares speculation upon hypothetical possible future outcomes.
4. This post uses purely doodling and technical analysis. It is not based to any extent upon education from news sources, information releases from the underlying firm, nor upon microeconomic nor macroeconomic principles.
Copying-and-pasting rectangles that capture downturns in one-month timeframe, NASDAQ:PI looks like it may continue to fall until August -- a month or two after it falls below monthly MA50 (4 years ave).
Impinj Surges 26% on Stellar Earnings ReportImpinj Inc. (NASDAQ: NASDAQ:PI ) sent shockwaves through the semiconductor industry as its stock soared by 26% in after-hours trading following an impressive earnings report that surpassed Wall Street's expectations. The Seattle-based Internet-of-Things chip maker delivered a beat-and-raise performance, igniting optimism among investors and driving a surge in semiconductor stocks.
Stellar Performance:
Impinj's first-quarter results showcased robust performance, with the company reporting adjusted earnings of 21 cents per share on sales of $76.8 million. This exceeded analysts' expectations of 10 cents per share on sales of $73.6 million. Despite a year-over-year decline in earnings and sales, Impinj's outlook for the second quarter far surpassed estimates, with predicted adjusted earnings of 75 cents per share on sales of $97.5 million.
Driving Innovation:
Impinj's success can be attributed to its innovative approach to IoT technology, particularly its development of tiny tracking chips that connect items to the internet cloud. With applications spanning retail, transportation, logistics, and more, Impinj's wireless chips enable seamless tracking of items such as retail inventory, luggage, automobile parts, and shipments.
Confidence in Future Growth:
CEO Chris Diorio expressed confidence in Impinj's market position and future opportunities, emphasizing the company's bold vision to connect every item in our everyday world. The strong start to 2024, characterized by revenue and profitability exceeding expectations, underscores Impinj's potential for sustained growth and innovation.
Market Surge and Stock Performance:
Impinj's stellar earnings report had a ripple effect across the semiconductor sector, with other companies such as MaxLinear (MXL), Silicon Labs (SLAB), Texas Instruments (TXN), and United Microelectronics (UMC) also reacting to earnings news. While MaxLinear reported mixed results, Impinj's surge propelled its stock by over 11% in after-hours trading, forming a flat base with a buy point of 132.
Industry Outlook:
The semiconductor industry continues to witness dynamic shifts and evolving trends, with companies like Impinj ( NASDAQ:PI ) leading the charge in driving technological innovation. As demand for IoT solutions grows across various sectors, semiconductor companies are poised to capitalize on emerging opportunities and shape the future of connectivity and automation.
Technical Outlook
Impinj ( NASDAQ:PI ) stock surged to over 26% trading above the 200-day Moving Average with a Bullish Relative Strength Index (RSI) of 74. It is imperative to know that Impinj ( NASDAQ:PI ) stock is in the overbought region correction might lurk in the corners.
Impinj Set to Announce 1st Quarter 2024 Financial ResultsImpinj ( NASDAQ:PI ), a trailblazer in RAIN RFID technology and a key player in the Internet of Things landscape, is gearing up to unveil its financial performance for the first quarter of 2024. The anticipation surrounding this announcement is palpable, as investors eagerly await insights into Impinj's progress and prospects.
Scheduled for release after the U.S. markets close on Wednesday, April 24, 2024, the financial results will be accompanied by a comprehensive discussion during a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT. This event promises to provide a deep dive into Impinj's performance during the quarter ended March 31, 2024, as well as offering insights into the company's outlook for the second quarter of the year.
One of the highlights of this event will be the management's prepared remarks, shedding light on key strategic initiatives, market trends, and operational highlights. The release of quarterly financial data and accompanying press release will further elucidate Impinj's ( NASDAQ:PI ) performance, providing valuable metrics for assessing the company's trajectory.
Crucially, Impinj ( NASDAQ:PI ) underscores its commitment to transparency and disclosure, leveraging multiple channels to disseminate information to investors and the broader public. From its website and press releases to SEC filings and social media platforms such as Facebook, LinkedIn, and blogs, Impinj ( NASDAQ:PI ) ensures widespread access to material information about the company, its products, and services. This approach not only fosters transparency but also aligns with regulatory requirements, particularly Regulation FD.
As the date approaches, investors are advised to closely monitor Impinj's disclosure channels for updates and insights leading up to the earnings release. Given the company's pioneering position in RAIN RFID and IoT, coupled with its strategic initiatives and market opportunities, the upcoming financial results are poised to provide valuable insights for investors navigating the dynamic technology landscape.
Technical Outlook
Impinj's ( NASDAQ:PI ) stock closed at 121.58 up by 3.39% on Friday's trading Session with a Relative Strength Index (RSI) of 53.85. The stock is trading above the 200-day Moving Average (MA). on Impinj's ( NASDAQ:PI ) stock daily price chart the last close candle stick was indicating a bullish engulfing pattern.
PI: Potential BuyAfter breaking the $100 psychological key level, a trend line and the middle channel line above I'd see the upside to continue. Areas marked to look out for. Target at $114.
Impinj Triumphs in Patent Dispute with NXP SemiconductorsImpinj, Inc. (NASDAQ: NASDAQ:PI ), a prominent RAIN RFID provider and trailblazer in the Internet of Things (IoT) landscape, has announced the successful resolution of its patent litigation with NXP Semiconductors N.V. The settlement, detailed in an 8-K filing with the U.S. Securities and Exchange Commission, marks the conclusion of a prolonged legal battle, during which Impinj ( NASDAQ:PI ) emerged victorious in multiple trials.
The agreement between Impinj ( NASDAQ:PI ) and NXP Semiconductors brings an end to all ongoing legal proceedings and absolves both parties from past patent infringement liabilities. Moreover, it encompasses a mutual licensing arrangement, granting each entity access to the other's patents. Importantly, the settlement extends its protection to resellers and end-users, shielding them from infringement claims related to the sale or use of UHF RFID products prior to the agreement's effective date.
Central to the settlement terms is a substantial one-time payment and an annual license fee, signaling a significant win for Impinj ( NASDAQ:PI ). Chris Diorio, co-founder, and CEO of Impinj ( NASDAQ:PI ), expressed satisfaction with the outcome, emphasizing the company's commitment to fostering innovation while safeguarding its intellectual property.
"Impinj ( NASDAQ:PI ) is passionately inventive," remarked Diorio. "Our extensive portfolio of over 305 issued and allowed RAIN RFID patents stands as a testament to our unwavering dedication to innovation. This settlement not only validates the value of our intellectual property but also underscores our dedication to fair competition and delivering cutting-edge solutions to our enterprise clients."
The resolution of this longstanding dispute signifies a significant milestone for Impinj, ( NASDAQ:PI ) reinforcing its position as a leader in the RFID technology domain. With a robust portfolio of patents and a commitment to innovation, Impinj ( NASDAQ:PI ) is poised to continue driving advancements in the IoT and RAIN RFID sectors.
Technical Outlook
Impinj ( NASDAQ:PI ) is trading above the the 200-day Moving Average with a positive 14th-day Relative Strenght Index (RSI) of 72.84 indicating continuous bullish trend.
IOT - Good flag breakout at 100 on 4hr chart IOT - Good flag breakout at 100 on 4hr chart. Support placed at 92
May go towards 113.5 and 132
$PI: Bulls Taking a Piece of the Pie at 90?Impinj is showing a really nice amount of strength following comments from the chip company saying that they are expecting Q4 revenue to top guidance. Couldn't have come at a better time as chip companies like AMD and NVDA may be continuing their run soon. Should be interesting to see the kind of action we get from this level..stay tuned.
Impinj Surges 11.7% on Stellar Q4 Results: A Beacon of HopeImpinj Inc. (NASDAQ: NASDAQ:PI ) has set the stage for a compelling narrative as its shares soared 11.7% in after-market trade following the announcement of robust preliminary earnings results for the fourth quarter of 2023. The RFID manufacturer's stellar performance has not only exceeded its own guidance but has also defied expectations, providing investors with renewed optimism and prompting a surge in its stock price.
Breaking Down the Numbers:
Impinj anticipates Q4 revenue to surpass $70 million, outshining its initial guidance range of $65.5 to $68.5 million. What's even more impressive is the adjusted EBITDA projection, expected to exceed $2.5 million, a significant departure from the earlier estimate ranging from ($0.9) to $0.7 million. This stellar performance has not only surpassed internal expectations but has also set a new benchmark for Wall Street analysts, leading to a potential upward revision of estimates.
Market Reaction and Volatility:
The market's response to Impinj's news has been immediate and profound. The company's shares have historically been characterized by volatility, with 31 moves greater than 5% over the past year. However, the 11.7% surge post-announcement indicates a substantial impact on the market's perception of Impinj's business. This level of volatility, while reflective of market sentiment, also suggests a heightened sensitivity to the company's performance.
Learning from the Past:
Reflecting on Impinj's recent history, a notable drop occurred nine months ago when the stock plummeted 28.5%. This downturn was triggered by the company reporting first-quarter revenue that narrowly beat analysts' forecasts, but earnings per share fell short of expectations. The subsequent weak guidance for sales and earnings per share further fueled negative sentiment. In contrast, the current surge is a testament to Impinj's ability to rebound and surpass expectations.
Investment Landscape:
Despite a 3.8% increase since the beginning of the year, Impinj's shares are still trading at $89.26, a 36.9% discount from its 52-week high of $141.40 in April 2023. This presents an intriguing opportunity for investors seeking growth potential in a company that has consistently demonstrated resilience and the capacity to exceed expectations. For those who invested $1,000 in Impinj five years ago, the current value of their investment stands at an impressive $5,627.
Conclusion:
Impinj's ( NASDAQ:PI ) surge in after-market trade is more than just a momentary spike; it symbolizes a noteworthy comeback and a testament to the company's ability to deliver strong financial results. As the market digests this positive news, investors may find Impinj an appealing prospect for growth in the dynamic tech sector.
PI LongPI levels
# of Trade ideas: 1
Red lines – Take Profit
Green lines – Entry level
Purple lines – Stoploss
$PI - IS IT GOING TO REBOUND OR IS IT A DEAD CAT BOUNCE ?I drew another parallel channel on the daily and it seems that it hit the low if the channel, at mid 85's. I took some calls and had did not have the guts to hold over the weekend and closed my position +20%. Will look into the flow this week and see if it can take the last red candle.
Not a financial advice. Please do your research.
Thanks
$PI Showing RS$PI I've been watching this stock for a few months and have yet to make a trade. I do however, like how it's consolidating here in a tough market. I have an alert set when/if it breaks above the short downtrend line to take a long position. Of course it could also break down. Let's see what happens. Ideas, not investing / trading advice.
$PI pulled back to its 20 day line. Is it ready to go higher?Notes:
* Strong up trend on all time frames
* Great earnings QoQ
* Created a break away island on last earnings report
* Held the gap as support around 105.54
* Tried to break out of the base but pulled back to its 20 day line
* Offering an early entry as it's close to its 20 and 50 EMAs
* When I last mentioned this stock it was breaking out of a cup and handle (linked)
* Has been seeing recent accumulation
Technicals:
* Sector: Technology - Communication Equipment
* Relative Strength vs. Sector: 1.35
* Relative Strength vs. SP500: 1.81
* U/D Ratio(50): 1.25
* U/D Ratio(15): 1.39 <--- recent accumulation
* Base Depth: 22.25%
* Distance from breakout buy point: -0.36%
* Volume -29.91% below its 15 day avg.
Trade Idea:
* You can enter now as the risk is low and it's offering an early entry relative to its moving averages.
* If you'd like a better entry you can look for one around the 124.52 area as that should hold as support.
* Or you can wait for a clear break and hold above 129.02 with volume before entering
PI - Impinj, IncStock breaking out after digesting a great reaction off of earnings. Earnings growth on this name are fantastic. Not in a growthy environment, but this name is certainly one of the best-looking growth stocks out there at the moment.
Life of $PI$PI is my favourite setup right now. Holding a really nice earnings gap on positive earnings. Nice base forming and knocking on the breakout pivot. I don't think we'll be so lucky to get a perfect entry here but certainly one to watch closely.
$PI Still on WatchStill watching $PI
Put in its 2nd contraction in this mini VCP after its earning gap up.
Orange bars is what I would be looking for next week.
$PI Setting up BUT....I am 25.8% invested. Not planning on adding to risk tomorrow unless we see a good run up with my own stocks putting in some distance from entry.
So that said, I wont be taking $PI if it triggers.
Playing these short and obvious breakouts to new highs has not been paying off.
Is $PI ready to break out of its ~10 month cup and handle?Notes:
* Strong up trend on higher time frames
* Excellent earnings track record
* Basing for the past ~10 months
* Forming a cup and handle pattern while basing
* Printed a pocket pivot signal, indicating institutional buying
* Volume on the daily and weekly time frame seems to be increasing as well
* Strong resistance around the $90 area
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 6.75
Relative Strength vs. SP500: 17.9
U/D Ratio: 1.09
Base Depth: 137.32%
Distance from breakout buy point: -10.12%
Volume 79.85% above its 15 day avg.
Trade Idea:
* You can enter now based on the pocket pivot signal
* Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
$PI 5 Touch Trendline Setup$PI potential next bull market leader putting in 5 touch trendline line setup ahead of its earnings after the close tomorrow.
I much rather let this move out after that and put in some type of pivot around $95
Worth keeping close watch on this one guys and girls.
