Dow stock: buy or sell
Apr 22nd, 2021
Dow stock brief
- Dow closed on Wednesday at $64.82 (3.75%) prior to reporting financial results next July at 08:00
- On Thursday, Dow released its Q1 financial report
Should I buy Dow 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 $DOW stock a buy?
In the current situation of Dow there is just one buy setup eligible:
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at all-time highs is that shares price doesn't struggle with upper resistances, and usually it rises rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Dow can break to ATH any time soon, as it only needs to rise a 3.78%. The buy point is at $67.27 if you want to trade with this strategy. The stop loss would be set at $60.54
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$67.27||$60.54||10.00%|
Should I sell Dow stock?
Do you know when is it time to sell Dow?. Trading strategies allow us to avoid impulsive decisions based on our personal emotions or the noise that surrounds the market. 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 $DOW stock
As a rule of thumb, you should never mantain an operation that shows a losses greater than those expected upon the buy. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Dow stock?
In the current situation of Dow there is not any eligible sell setup, so Dow stock holders with operations in profit can keep their positions
In the previous 30 days we couldn't find any rating for Dow
Dow stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
The range between the upper and lower bands is less than 5%, meaning that volatility is at very low levels. The tightness of the Bollinger bands is frequently a indication of a sudden price movement (up or down), so we must be watchful and manage our buy or sell orders accordingly
Relative strength index
The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 55.94. Dow stock skyrocketed a 2.91% since RSI lost the overbought zone
Dow stock price history
Dow went public priced at an adjusted price1 of $46.94 on Mar 2019. Since then, DOW stock has risen by 38.09%, with an average of 19.05% per year. If you had invested $1,000USD in Dow stock on Mar 2019, it would be valued $1,380.91 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Dow stock
Nobody can predict how much a share will be priced tomorrow. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. Again, these predictions are not direct recommendations for small investors and must not be trusted blindly.
We don't have any target price published in the previous 30 days for Dow.
Earnings and financials
Dow ($DOW) hosted the quarterly shareholders event and posted the report on Thursday. Dow posted earnings of $1.36 per share on revenue of $11.9 billion. The Wall St estimate was $1.14 per share on revenue of $11.1 billion.Same quarter last year, reported EPS was $0.59, so recently posted EPS is a gain of 130.51%. Looking at turnover, figures only changed compared to $102.0B same quarter last year.
Dow ($DOW) is posting Q2 earnings report next July.
Important note:The comments written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the individual conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for informational motives only
|Wednesday, April 21st, 2021|
|Day range||$62.38 - $65.02|
|Average true range||$1.42|
|50d mov avg||$62.34|
|100d mov avg||$58.63|
|200d mov avg||$52.08|
|Earnings date||July 22nd, 2021|