Toast (NYSE: TOST) is back on my watchlist after delivering a strong earnings report and raising its full-year 2026 guidance. The company continues to execute well, reporting record restaurant location growth, increasing recurring revenue, and strong payment volume growth.
One thing I like about this setup is that the stock has held most of its post-earnings gains instead of giving them back. That suggests buyers are still supporting the move, making this an interesting momentum candidate if it can continue higher.
Key Levels I'm Watching
🟢 $35.55 – First resistance. A breakout above this level could attract additional momentum buyers.
🟢 $36.45 – Next resistance and an area where I may consider taking partial profits.
🟢 $38.00 – Major resistance from previous swing highs.
🔴 $32.69 – First support.
🔴 $31.03 – Strong support near the recent breakout area.
🔴 $30.00 – Major support if the stock experiences a deeper pullback.
I'll be looking for confirmation before entering a trade. As always, green levels represent potential profit targets, while red levels represent areas where I may look for buying opportunities if price pulls back.
This is my personal technical analysis and not financial advice. Always manage your risk and wait for confirmation before entering a position.