Anthem stock: buy or sell

ANTM stock price: $393.93 -0.38% At close on May 14th, 2021

Updated on:
May 17th, 2021

2

Anthem stock brief

  • Anthem stock just changed -0.38% to close at $393.93 on the stock market last Friday.
  • Anthem, Inc., through its subsidiaries, operates as a health benefits company in the United States.

Should I buy Anthem stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ANTM stock a buy?

In the current situation of Anthem there is just one buy setup eligible:

Uptrend buy setup

Anthem stock is in an uptrend since last February that so far marked a gorgeous 38.00% gain. Price marked a pull back in this uptrend at $349.05 in early April, and since then it bounced off a 12.86%. Price just broke out above the entry point at $379.13, but it can be traded. If price climbs beyond $398.09, don't chase the price and wait for the next pullback. If you decide to enter this trade, the suggested stop loss is at $341.22

Buy setupBuy pointStop lossRisk
Uptrend buy setup$379.13$341.2210.00%

Should I sell Anthem stock?

How to know when is it time to sell Anthem?. Trading strategies allow us to avoid impulsive decisions based on our feelings or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for selling short Anthem stock

A guiding principle is that you should not mantain an investment that generates higher than expected losses at the time of the buy. The moment to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell Anthem stock?

In the current situation of Anthem there is not any eligible sell setup, so Anthem stock holders with operations in profit can keep their positions

Anthem ratings

In the last 30 days, 14 ratings were published for Anthem. General sentiment is bullish, with 11 out of 14 posting positive outlooks

Anthem analysts' ratings - Last 30 days
Brokerage firmRating
Apr 20th, 2021
Cowen Buy
Truist Securities Strong buy
Apr 22nd, 2021
Barclays Buy
BMO Capital Markets Buy
Royal Bank of Canada Buy
Stephens Buy
Truist Neutral
Apr 28th, 2021
Barclays Buy
Credit Suisse Group Buy
Royal Bank of Canada Buy
Stephens Buy
May 3rd, 2021
Mizuho Neutral
May 6th, 2021
Argus NeutralStrong buy
May 10th, 2021
Mizuho Neutral

Anthem stock analysis

Since last February, Anthem has been drawing an uptrend that so far marked an amazing 38.18%. Rising tops and bottoms can be seen easily on a chart and how price offered very few entry points on the breakouts. Latest pullback was in early April, when price bounced at $349.05. Anthem broke out above $379.13 (its last top) in late April. That breakout was a good buying opportunity

SMAs overview

ANTM stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current support levels are:

  • S1: $379.13 (-3.76% below)
  • S2: $349.05 (-11.39% below)
  • S3: $339.85 (-13.73% below)
  • Bollinger bands

    Since the price surpassed the upper band on May 10, the price has been corrected downwards by 2.97%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    ANTM stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Tuesday after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 62.21. Since that level was lost, Anthem shares fell a 1.98%

    ANTM stock RSI chart

    Anthem stock price history

    Anthem IPO was on Oct 30th, 2001 at $17.26 per share1. Since then, ANTM stock has risen by 2,182.33%, with an average of 114.86% per year. If you had invested thousand dollars in Anthem stock on Oct 2001, it would be valued $22,823.29 today.

    1: Adjusted price after possible price splits or reverse-splits

    ANTM stock price history chart

    Price target for Anthem stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.

    The following table shows the price target released by analysts over the last 30 days. If you are a small investor you should not invest based on these price targets.

    Averaging all price targets exposed below, the forecasted price for Anthem stock is $417.71. Anthem closed at $393.93 last Friday, that is a 5.69% than the predicted price.

    Anthem stock price predictions
    Brokerage firmPrice target
    Apr 20th, 2021
    Cowen $360.00$395.00
    Truist Securities $375.00$425.00
    Apr 22nd, 2021
    Barclays $375.00$425.00
    BMO Capital Markets $440.00$450.00
    Royal Bank of Canada $350.00$399.00
    Stephens $395.00$430.00
    Truist $425.00$450.00
    Apr 28th, 2021
    Barclays $375.00$425.00
    Credit Suisse Group $382.00$425.00
    Royal Bank of Canada $350.00$399.00
    Stephens $395.00$430.00
    May 3rd, 2021
    Mizuho $320.00$380.00
    May 6th, 2021
    Argus $330.00$435.00
    May 10th, 2021
    Mizuho $320.00$380.00

    Earnings and financials

    In mid-April, Anthem, Inc. ($ANTM) reported adjusted EPS for that slightly uplifted analysts' expectations. Quarterly EPS was $7.01 per share from an estimated $6.51. This Q1 report means an earnings surprise of 7.68%. On the contrary, reported sales were $32.1 billion, in line with the market estimates.

    Compared to the same quarter one year ago, EPS was $6.48, so reported EPS means a gain of 8.18%. Revenue rose a 9.33% on an annualized basis in the , from $296.2B to $323.9B last quarter.

    Anthem ($ANTM) will host the Q2 earnings call next July. Analysts forecast of $6.38, that is a 8.99% lower than previous quarter.

    Anthem performance

    ANTM performance compared
    Company1m3m6m
    Anthem ($ANTM) 5.30% 34.70% 22.80%

    Please read:
    The opinions contained in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not know the particular circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for educative purposes only

    Anthem summary

    Friday, May 14th, 2021
    Open$397.49
    Close$393.93
    Day range$392.45 - $398.93
    Previous close$395.45
    Session gain-0.38%
    Average true range$9.37
    50d mov avg$366.05
    100d mov avg$336.80
    200d mov avg$312.62
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Anthem stock symbol?

    Anthem, Inc. is a public company trading in the US stock market with the ANTM symbol

    Is Anthem stock a buy or sell?

    Anthem received 14 ratings in the last 30 days: 11 bullish, 0 bearish and 3 neutral.

    Will ANTM go up?

    Anthem had different price forecasts published by analysts in the last 30 days setting the target price to $417.71. That is a 6.04% than the last price ($393.93).