This is a Sirius XM Holdings (SIRI) post-earnings stock chart analysis. SIRI reported earnings on July 27, 2017 before the market opened for regular trading. SIRI appears to have had a nice earnings report.

But what do the Sirius XM Holdings (SIRI) stock charts have to say? Is SIRI primed for another advance upwards? Or is it ripe for a consolidation after its nice earnings report?

I did post an article for SIRI on July 1, 2017 that reviewed its long-term outlook. But it’s always wise to revisit the outlook after a major event. Earnings are almost always major events for a company and its share price.

Let’s dive into the charts and see if we can find answers for the questions posed above. And while I’m at it, it never hurts to take another peek and make sure the long-term analysis doesn’t need any tweaking yet.

Sirius XM Holdings (SIRI) Post-Earnings Analysis

Let’s start the Sirius XM Holdings (SIRI) stock chart review with a 3 monthly daily candlestick chart. I wanted to start with this shorter-term chart to focus on the gap-up SIRI’s share price had the day of its earnings. A gap-up in a new potential uptrend is typically a buy signal. But gap-ups also develop in the middle of uptrends and near the top of uptrends.

This Sirius XM Holdings (SIRI)  post-earnings chart shows that SIRI’s share price gapped up on its earnings day and so far has held the gap-up. If SIRI’s share price[s2If !current_user_can(access_s2member_level1)]……

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I continue review and analyze the Sirius XM Holdings (SIRI) post-earnings gap-up. A list of short-term price activity to watch for is also provided.

And finally, I see how this shorter-term activity fits into SIRI’s long-term trend that I’ve written about at the beginning of July 2017.But if you are not a Trendy Stock Charts member, you can’t read the rest of my analysis, which has been spot-on for SIRI over the last several years.

Consider joining Trendy Stock Charts today and gain access to the rest of this awesome analysis! There are several different subscription plans available.[/s2If][s2If current_user_can(access_s2member_level1)] prints a $5.90 mark on Monday or Tuesday, staying long in the short-term is the best alternative.

Any dips back towards the $5.60 price area is an opportunity to add more shares to your portfolio position and continue to trade SIRI’s breakout higher. Remember that the support areas from Rising Window candlestick patterns tend to be strong when associated with heavy buying volume, just like SIRI’s. Buy the dips.

SIRI – Trendlines

This next chart is a 5 year weekly candlestick chart for Sirius XM Holdings (SIRI). I wanted to step back a little and look at some trendline analysis over that time frame. There is some overhead trendline resistance around the $6.10 area.

Now that SIRI has broken above the resistance area from the Bearish Engulfing candlestick pattern, any pullback to that area should be seen as a buying opportunity.

The breakout is being confirmed with increased buying momentum as reflected by the MACD Histogram. Any slow-down of buying momentum near a resistance area could offer a short-term trading opportunity to trim some shares and then look to repurchase them lower. However trading shares during a strong uptrend becomes risky unless you become aggressive yourself.

Because once SIRI breaks above the last overhead trendline around the $6.10 area, rapid price increases may be anticipated. SIRI’s share price is not that far away at the current moment.

SIRI – Point & Figure

I’ve included both P&F Charts for SIRI, its High/Low and its Closing P&F Chart. Both have very nice bullish price targets of $8.25.

One of the difficulties with a P&F Chart is that it does not give any sort of timeframe of when the price objective may be reached. That is where other technical analysis methods have to be applied.

But initially, the bullish price objectives from both P&F Charts look excellent and confirm the longer-term breakout I have written about over the last several months.

SIRI – Moving Averages

The last chart in this Sirius XM Holdings (SIRI) post-earnings analysis is a 1 year daily candlestick chart. I overlaid several different Simple Moving Averages on the chart as usual to analyze SIRI’s share price activity.

The candlestick that developed on earnings day has 2 bullish factors going for it:

1. 1. The candlestick opened at $5.55 and never looked back, gapping above the previous high of $5.53 on March 13
   2. Since there is no lower shadow, the candlestick is a Bullish Belt Hold candlestick pattern, which to me, indicated that the consolidation period was over, especially combined with the gap-up over the previous high and resistance area

Sirius XM Holdings (SIRI) Post-Earnings Summary

The long-term outlook for SIRI remains bullish. Shorter-term, I would consider purchasing shares on the breakout for SIRI. Keep those shares as long as the window from the earnings gap-up does not close.

I previously mentioned that gap-ups develop at the beginning, in the middle and at the end of trends. I would have to say this appears to be a middle one for SIRI. I will change my mind real quick though if the gap-up does close in the next week. But with increasing buying momentum and a breakout above previous resistance, that does not appear to be the case.

With higher price targets ahead and continued bullishness on its charts, I recommend staying long shares and adding to your position on any dips back towards the earnings gap-up area. Advances after a breakout above a resistance area tend to advance at a quick pace. I would use any market weakness to your advantage to purchase a few more shares of SIRI. Use any pullbacks from the $6.10 price area to your advantage as well.

While the Point & Figure charts offer nice bullish price objectives, I calculated even higher objectives for SIRI’s share price. You may want to revisit one or two of my previous articles for SIRI.

That wraps up this Sirius XM Holdings (SIRI) post-earnings analysis. Please let me know if there are any questions below or in the Idea Chamber. Thanks and good luck trading!

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