Grindr’s Wild Ride: Stock Plunges on Mixed Earnings Then Roars Back, Here’s Why
🎢 Grindr experienced significant volatility post-earnings, initially dropping over 15% due to mixed results (slight current quarter revenue miss, but raised full-year guidance).
📉 The sharp intraday drop occurred on very low volume, signaling a lack of genuine selling pressure, which was a key indicator for holding the position.
💪 The stock staged a powerful intraday recovery as normal market volume returned, closing the day with a minor loss and demonstrating underlying strength and buyer interest.
Grindr’s Relentless Rally: Consistent Gains Continue
🚀 Grindr continues its strong upward trend, posting another significant gain of 9.87% this week.
📈 The stock consistently demonstrates positive performance, reinforcing its status as a reliable performer regardless of market conditions.
⚠️ Investors should be cautious as Grindr is scheduled to report earnings in 5 days (around Thursday), which could introduce significant volatility.
Why This Relative Strength Leader Just Entered the Portfolio
🛒 Grindr (GRND) was purchased this week, identified as a prime candidate for a breakout due to its exceptional relative strength (RS 97).
📈 The stock demonstrated resilience by consolidating while the broader market experienced distribution, indicating strong underlying demand.
📊 Following a 7.6% rise this week and a breakout from a consolidation pattern (similar to a previous successful trade), the position is now active, awaiting upcoming earnings on May 8th.
Grindr Defies Market Weakness: Poised for Breakout?
📈 Grindr (GRND) exhibits significant relative strength, holding near all-time highs while the broader market declines, indicating strong institutional accumulation and investor confidence.
🛡️ As a global dating app platform (software) focused on the LGBTQ+ community, Grindr's business model is considered immune to the ongoing tariff disputes affecting physical goods companies.
💰 Despite being a small-cap stock (around $3.8B), Grindr shows consistent revenue growth (over 30% recently) and increasing institutional investment, suggesting potential for significant upside upon breaking resistance levels.
Grindr Stock Showing Strength Amid Market Chaos
📈 Despite broad market volatility and distribution signals in many stocks, Grindr is exhibiting signs of accumulation within a tight trading range.
💪 The stock demonstrated resilience; a sharp drop several weeks ago was quickly bought up, indicating strong demand and maintaining its position near recent highs.
🎯 Grindr presents a compelling technical setup, suggesting potential for a breakout to new highs if overall market conditions improve and confirm a recovery.
Grinder: The Top Pick Showing Tremendous Relative Strength
🚀 Grinder is currently the best-performing stock in the analyst's portfolio, showing significant relative strength.
📈 The stock is forming a tight range near all-time highs, indicating potential accumulation.
🗓️ The company is set to report earnings in four days, making it a key event to watch.
✅ The analyst advises sticking to the system and maintaining positions in stocks with relative strength, despite market volatility.
