Equinix stock: buy or sell
Updated on:
Jan 27th, 2021
1
Equinix stock brief
- Equinix stock went up 1.67% to close at $735.24 on the stock market today, after 3 consecutive sessions in positive.
- The price is currently above the upper Bollinger band, which often indicates a near-term correction
- On January 20 broke out above its latest top at $719.24
Should I buy Equinix 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 $EQIX stock a buy?
Currently, Equinix stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $EQIX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Equinix stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Like when we have to buy shares, deciding when is appropiate time to sell is not a whimsy decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies should not be used for shorting Equinix stock
As a golden rule, you must never mantain a trading operation that produces losses greater than those expected upon purchase. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Equinix stock?
In the current situation of Equinix there is not any eligible sell setup, so Equinix stock holders with operations in green can keep their positions
Equinix ratings
In the last 30 days, just one analyst rating was published for Equinix
| Brokerage firm | Rating |
|---|---|
| Jan 19th, 2021 | |
| Raymond James | Buy → Neutral |
Equinix stock analysis
On January 20, the price broke out above the previous top at $719.24 on the downtrend started last October. Since then, the price action resulted in a 2.22% gain.
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it tells that the price is having a very strong trend and therefore can reverse the trend to the average. In this case, the price is above the upper band, meaning a possible near-term correction (at least) until it is below the band
Relative strength index
When the moves for so long below 70 and above 30, without signaling moments of overbought and oversold, the indicator loses its usefulness, and we currently are in one of these cases.
Equinix stock price history
Equinix went public priced at an adjusted price1 of $333.84 on Aug 2000. Since then, EQIX stock has risen by 120.24%, with an average of 6.01% per year. If you had invested $1,000USD in Equinix stock on Aug 2000, it would worth $2,202.37 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Equinix stock
Nobody knows how much a share will be priced tomorrow. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and many times. If you are a small investor you don't have to invest based on these predictions.
There is just one price target issued for Equinix that predicts a price of $835.00.
| Brokerage firm | Price target |
|---|---|
| Jan 19th, 2021 | |
| Raymond James | $835.00 |
Earnings and financials
Last October, Equinix, Inc. (REIT) ($EQIX) reported EPS for that significantly enhanced Market expectations. Quarterly EPS was $6.48 per share vs the estimates of $1.68. This quarterly report represents an earnings surprise of 285.71%. On the contrary, the company reported turnover for this quarter was $1.5 billion aligned with analysts' forecasts.
In contrast, the EPS for the same quarter last year was $1.41, so reported EPS means a improvement of 359.57%. Looking at revenues, figures rose a 10.79% compared to $13.7B year over year.Equinix ($EQIX) is posting quarterly financial report next Wednesday. Analysts estimate of $1.53, that is a 76.39% less than Q3.
Equinix performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Equinix ($EQIX) | 3.90% | -5.00% | -2.90% |
Disclaimer:
The comments expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual situations of the reader, his or her own 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 Comments are posted for informational motives onlyEquinix summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $721.28 |
| Close | $735.24 |
| Day range | $719.55 - $736 |
| Previous close | $723.16 |
| Session gain | 1.67% |
| Average true range | $20.95 |
| 50d mov avg | $706.06 |
| 100d mov avg | $738.10 |
| 200d mov avg | $723.63 |
| Earnings date | February 10th, 2021 |