Entegris stock: buy or sell?
Dec 1st, 2020
Entegris stock brief
- After marking new all-time highs on Tuesday, Entegris closed at $94.00 inching a 1.49%
- The price is currently over the upper Bollinger band, which often indicates a short-term correction
Should I buy Entegris 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 $ENTG stock a buy?
In the current situation of Entegris there is not any eligible buy setup. This doesn't mean $ENTG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Entegris stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the correct moment to sell and get your benefits. Trading strategies help us to avoid impetuous decisions based on our moods or the noise surrounding the market. We like very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies are not intended for shorting Entegris stock
A guiding principle is that you must never keep an operation that leads to losses greater than those expected at the time of purchase. When to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Entegris stock?
In the current situation of Entegris there is not any eligible sell setup, so Entegris stock holders with operations in green can keep their positions
In the last 30 days, 2 ratings were published for Entegris
|Nov 18th, 2020|
|Deutsche Bank Aktiengesellschaft||Neutral|
Entegris stock analysis
Entegris shares started an uptrend last March, and gained an amazing 147.50%. The price action shows higher peaks and higher troughs, and along the way provided some entry points for those who wanted to enter. Latest pullback was last October, when price bounced at $74.14. In mid-November, Entegris broke out above its last top ($85.05) giving a good buying opportunity that resulted in a 10.52% gain
$ENTG at new All-time Highs
Entegris did it again, and marked all-time highs (ATH) on Tuesday at $94.85
Supports and resistances
Price is at all-time highs and there are not upper resistance levels.
The current support levels are:
When the price moves out of the band (above the upper line or below the lower line) it shows that the price is currently having a very strong momentum and therefore can correct the trend to the average. In this case, the price is beyond the upper band, and that should mean a possible short-term correction (at least) until it is under the band
Relative strength index
Broke through the overbought line Tuesday, marking a value of 73.32. Contrary to what many investors may think, the fact that the value is in the overvalued zone does not in any way imply a sell point, as stock price can rally during several weeks being above the level of 70
Entegris stock price history
Entegris went public priced at an adjusted price1 of $10.62 on Jul 2000. Since then, ENTG stock has risen by 785.12%, with an average of 39.26% per year. An investment of thousand dollars at that time would worth $8,851.22 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Entegris stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
The following table shows the price predictions released by brokerage institutions over the last 30 days. Again, these predictions are not direct recommendations for individual investors and should not be followed blindly.
There are 2 price forecasts published for Entegris that average $95.00. Entegris closed at $94.00 on Tuesday, that is a 1.05% than the forecasted price.
|Brokerage firm||Price target|
|Nov 18th, 2020|
|Deutsche Bank Aktiengesellschaft||$72.00 → $85.00|
|KeyCorp||$90.00 → $105.00|
Earnings and financials
Financial call was hosted by Entegris ($ENTG) last October after posting the earnings report. Entegris presented earnings of $0.67 per share on revenue of $481.0 million. The market estimate was $0.63 per share on revenue of $461.8 million.Compared to the same quarter one year ago, EPS was $0.50, so current EPS is a gain of 34.00%. Revenue exploded a 22.03% on an annualized basis in the , from $3.9B to $4.8B last quarter.
Entegris ($ENTG) will host the earnings call next February. Forecasted for this quarter is $0.65, compared to $0.67 that was reported for Q3.
Entegris is part of the Semiconductor Equipment & Materials industry, which contain 22 industry peers.
The following are Entegris major competitors:
|Company||Market cap||Rating||Bullish ratings1|
|Applied Materials ($AMAT)||$66.5B||Buy||11|
|Lam Research ($LRCX)||$65.7B||Buy||1|
|Teradyne ($TER)||$18.0B|| ||1|
|IPG Photonics ($IPGP)||$10.8B||Buy||2|
1 In the last 30 days.
To better understand Entegris performance you must compare its gains with other related stocks in same sector or industry.. For Entegris, the benchmark is made against ASML, Applied Materials, Lam Research, KLA-Tencor, Teradyne and IPG Photonics.
|Applied Materials ($AMAT)||41.00%||35.20%||48.40%|
|Lam Research ($LRCX)||34.30%||35.70%||65.10%|
|IPG Photonics ($IPGP)||15.00%||28.30%||28.20%|
Disclaimer:The opinions expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have an understanding 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 provided for informational reasons only
|Tuesday, December 1st, 2020|
|Day range||$92.8 - $94.85|
|Average true range||$2.43|
|50d mov avg||$81.17|
|100d mov avg||$74.28|
|200d mov avg||$63.95|
|Earnings date||February 2nd, 2021|