Carvana stock: buy or sell
Jul 29th, 2021
Carvana stock brief
- After making new highs on Wednesday, Carvana closed at $339.32 slightly changing a 0.69%
- Carvana Co., together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States.
Should I buy Carvana stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 $CVNA stock a buy?
In the current situation of Carvana there is not any eligible buy setup. This doesn't mean $CVNA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Carvana stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Like when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for shorting Carvana stock
As a rule of thumb, you should never hold an investment that produces losses greater than those expected upon the buy. The timing to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Carvana stock?
In the current situation of Carvana there is not any eligible sell setup, so Carvana stock holders with operations in profit can keep their positions
In the previous month we couldn't find any rating for Carvana
Carvana stock analysis
$CVNA at Highs
On Wednesday, Carvana hit all-time highs (ATH) again at $344.32. Stock smashed new all-time highs 3 times in the last 10 sessions
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Since the price surpassed the upper band last Friday, the price has been corrected downwards by 0.61%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
Crossed up the overbought line Wednesday, with a value of 70.86. The fact that the value is above the level of 70 does not in any way imply a sell signal, as stocks can be above the level of 70 for many, many weeks and continue to climb
Carvana stock price history
Carvana started trading priced at an adjusted price1 of $13.50 on Apr 2017. Since then, CVNA stock surged by 2,413.48%, with an average of 603.37% per year. An investment of $1,000USD on Apr 2017 would be valued $25,134.81 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Carvana stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. Again, these targets are not direct recommendations for individual investors and should not be followed blindly.
We don't have any target price published in the previous month for Carvana.
Earnings and financials
Carvana Co. ($CVNA) published quarterly earnings of $-0.46 per share last May, strongly upping the Market consensus estimate of $-0.67 per share. This Q1 report means an earnings surprise of 31.34%. Forecasted turnover was $1.9 billion but Carvana beat by 15.72%, posting $2.2 billion.Compared to the same quarter one year ago, EPS was $-1.18, so reported EPS is a increase of 61.02%. Revenue skyrocketed a 104.42% on an annualized basis in the , from $11.0B to $22.5B last quarter.
Carvana ($CVNA) releases Q2 financial report next Wednesday. Wall Street estimates of $-0.40, compared to previous quarter that was $-0.46.
Important note:The thoughts published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not have any knowledge of the specific scenarios of the reader, his or her financial statements 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 Viewpoints are expressed for learning purposes only
|Wednesday, July 28th, 2021|
|Day range||$333.42 - $344.32|
|Average true range||$11.39|
|50d mov avg||$293.29|
|100d mov avg||$280.12|
|200d mov avg||$265.49|
|Earnings date||August 4th, 2021|