EPD stock: buy or sell
Updated on:
Jan 18th, 2021
2
EPD stock brief
- Enterprise Products Partners closed last Friday at $22.94 after scarcely changing a -0.82% breaking a streak of 8 sessions in green.
- The price is currently over the upper Bollinger band, which is usually an indicator of a near-term correction
- Last Tuesday broke out above its latest top at $21.92
- The stock is configuring an uptrend pattern since September 2020, when it bottomed at $14.51. This uptrend marked a 58.10% gain. Last Tuesday Enterprise Products Partners broke out above $21.92 giving a buy point
- Enterprise Products Partners L. P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products.
Should I buy Enterprise Products Partners 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 $EPD stock a buy?
In the current situation of Enterprise Products Partners there is just one buy setup eligible:
Uptrend buy setup
Enterprise Products Partners stock continues to trend higher since in September 2020 and has marked a gorgeous 58.10% gain. Price marked a pull back in this uptrend at $19.28 on January 4, and since then it bounced off a 18.98%. Price just broke out above the entry point at $21.92, but it's still eligible. If price goes beyond $23.02, don't chase the price and wait for the next pullback. If you decide to enter this trade, the suggested stop loss is at $19.73
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $21.92 | $19.73 | 10.00% |
Should I sell Enterprise Products Partners stock?
When you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your profits. Trading strategies allow us to avoid rash decisions based on our personal sentiments or the buzz that surrounds the market. We like very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups are not intended for selling short Enterprise Products Partners stock
As a rule of thumb, you should not mantain an operation that produces losses greater than those expected by the time of the buy. When to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Enterprise Products Partners stock?
In the current situation of Enterprise Products Partners there is not any eligible sell setup, so Enterprise Products Partners stock holders with operations in green can keep their positions
Enterprise Products Partners ratings
We don't have any rating published in the last month for Enterprise Products Partners
Enterprise Products Partners stock analysis
Since in September 2020, Enterprise Products Partners has been drawing an uptrend that by now marked an amazing 58.10%. During this uptrend, the price gave some buy points on the breakouts. Latest low was on January 4, when price bounced at $19.28. Enterprise Products Partners broke out above $21.92 (its last top) last Tuesday. That breakout was a good buy point
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it means that the price action is currently having a very strong trend and therefore can correct the trend to the average. For this case, the price is over the upper band, meaning a short-term adjustment (at least) until it is under the band
Relative strength index
Climbed over the overbought line last Friday, with a reading of 73.21. The fact that the value is above the level of 70 does not imply a sell signal, as stocks can climb during several weeks being above 70
Enterprise Products Partners stock price history
Enterprise Products Partners went public on Jul 28th, 1998 at $1.24 per share1. Since then, EPD stock has risen by 1,750.00%, with an average of 79.55% per year. An investment of $1,000USD on Jul 1998 would be valued $18,500.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Enterprise Products Partners stock
Nobody knows how much a share will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and many times. Again, these predictions are not direct recommendations for individual traders and should not be trusted blindly.
We don't have any target price posted in the last 4 weeks for Enterprise Products Partners.
Earnings and financials
Last October, Enterprise Products Partners ($EPD) had the quarterly earnings call and presented the report. EPD posted earnings of $0.48 per share on revenue of $6.9 billion. The consensus earnings estimate was $0.48 per share on revenue of $7.1 billion.
For comparison, the EPS for the same quarter last year was $0.46, so current EPS means a improvement of 4.35%. Looking at sales, figures sank a -13.08% compared to $79.6B year over year.EPD ($EPD) is releasing Q4 financial report on Thursday next week. Expected for this quarter is $0.50, compared to $0.48 that was reported for Q3.
Enterprise Products Partners performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Enterprise Products Partners ($EPD) | 6.70% | 34.60% | 31.70% |
Important note:
The opinions published in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the individual 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 Thoughts are expressed for educative purposes onlyEPD summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $22.99 |
| Close | $22.94 |
| Day range | $22.51 - $23.1 |
| Previous close | $23.13 |
| Session gain | -0.82% |
| Average true range | $0.85 |
| 50d mov avg | $19.98 |
| 100d mov avg | $18.19 |
| 200d mov avg | $17.64 |
| Earnings date | January 28th, 2021 |