Domino?s Pizza Inc is expected to release its quarterly earnings today, analysts forecast an EPS of $2.98 on revenue of $1.07 billion.

Domino’s Pizza Inc is expected to release its quarterly earnings today, analysts forecast an EPS of $2.98 on revenue of $1.07 billion. From a technical perspective, the stock’s share price currently sits at $302.50. Major support level sits at $299.67 which corresponds with the lower trendline of the descending triangle. A break below the descending triangle may result in a further downtrend for the stock, reaching some of the pre-pandemic lows. On the other hand, a positive earnings report that beats market expectations could result in a bounce higher. The first resistance level sits at $312.13 followed by further resistance at $318.43. A break above the $318.43 level, could create a short-term uptrend in an attempt to recover some of the losses from recent months. Looking at the indicators, RSI reads 33 as it hovers over ‘oversold’ territory and MACD is negative. Overall suggesting a bearish position. 3 out of 4 quarters reported by Domino’s in 2022 have been below analysts’ expectations, hence it is important for investors to monitor today’s earnings report.