Fitness company Peloton ( PTON) just appointed a new incoming CFO, Liz Coddington, who is formerly an executive at Amazon Web Services. The question is whether this is enough to turn things in a more positive direction. Let's check on the charts and indicators. 
In this daily bar chart of PTON, below, we used a log scale because of a huge price decline in the past year. Prices are pointed down and trade below the declining 50-day moving average line and are extended (oversold) below the declining 200-day moving average line.
The On-Balance-Volume (OBV) line shows weakness from February, but has not made a new low for the move down. This is a bullish divergence, but may not produce a recovery rally. The 12-day price momentum study shows higher lows since November, but this bullish divergence has yet to produce a rally.
In this weekly Japanese candlestick chart of PTON, below, we can see a dramatic rally and an equally dramatic decline. Prices are extended below the declining 40-week moving average line but lower shadows and a bottom reversal pattern are absent. The weekly OBV line has been resisting a move to a new low, but it has not helped the price action. The Moving Average Convergence Divergence oscillator is moving higher but still remains well below the zero-line.
In this daily Point and Figure chart of PTON, below, we can see a downside price target in the $11-$10 area.
In this weekly Point and Figure chart of PTON, below, we used a five box reversal filter. Here the software shows us that prices met a downside price target in the $26 area.
Bottom line strategy: A new and talented CFO would be a good start for PTON, but it has not registered on the charts yet. Avoid the long side of PTON and let others try to hammer out a bottom formation.
