Equinix stock: buy or sell
Updated on:
Jul 29th, 2021
2
Equinix stock brief
- Equinix closed on Wednesday at $836.31 after only changing a -0.66%.
- Equinix released its earnings report on Wednesday
- On Tuesday broke out above its latest top at $829.61
- The stock is configuring an uptrend pattern since last March, when it bottomed at $584.37. Up to date, price marked a 43.11% profit since the beginning of this rally. On Tuesday Equinix broke out above $829.61 giving an entry point
- Last Friday broke out above its latest top at $829.61
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 matches 2 trading strategies:
Uptrend buy setup
Equinix stock continues to trend higher since last March and has marked an amazing 43.11% gain. Price marked a local bottom in this uptrend at $772.95 in late June, and since then it bounced up a 8.20%. Price just broke out above the buy point at $829.61, but it can be traded. If price climbs beyond $871.09, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $749.76
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $829.61 | $749.76 | 9.62% |
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 price doesn't have upper resistances, and usually it rises quickly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 1.11% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $845.62. Set your stop-loss at $761.06
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $845.62 | $761.06 | 10.00% |
Should I sell Equinix stock?
When is it time to sell Equinix stock?. Trading strategies allow us to avoid rash decisions based on our feelings or the noise surrounding the market. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups are not intended for shorting $EQIX stock
A guiding principle is that you should never hold a trade that leads to losses greater than those expected by the time of the buy. The timing to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Equinix stock?
Currently, Equinix stock doesn't match any of our preferred sell setups, so if you own Equinix shares and your operation is in profit probably is not time to sell now
Equinix ratings
We don't have any rating posted in the last month for Equinix
Equinix stock analysis
Equinix shares started an uptrend last March, and grew an amazing 43.11%. The price line shows higher peaks and higher troughs, and along the way provided some buy points for those who wanted to enter. Latest pullback was in late June, when price bounced at $772.95. Equinix broke out above $829.61 (its last top) on Tuesday. That breakout was a good entry point
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Bollinger bands
The price is moving very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in late June after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 59.92. Since that level was lost, Equinix shares grew a 1.67%
Equinix stock price history
Equinix IPO was on Aug 11th, 2000 priced at $331.07 per share1. Since then, EQIX stock has risen by 152.61%, with an average of 7.63% per year. An investment of $1,000USD at that time would worth $2,526.08 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Equinix stock
Nobody can predict how much a share will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. If you are a small investor you shouldn't invest based on these projections.
In the last month we couldn't find any price target published for Equinix stock.
Earnings and financials
Equinix ($EQIX) hosted the earnings event and released the report on Wednesday.
In comparing, the EPS for the same quarter last year was $1.52, so reported EPS means -100.00%. Looking at revenue, figures climbed a 10.49% compared to $14.4B year over year.Equinix ($EQIX) is hosting the earnings call next October.
Equinix performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Equinix ($EQIX) | 5.60% | 16.20% | 15.70% |
Please read:
The opinions given in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not know the particular scenarios 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 Opinions are published for general educational motives onlyEquinix summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $836.26 |
| Close | $836.31 |
| Day range | $832.32 - $841.59 |
| Previous close | $841.83 |
| Session gain | -0.66% |
| Average true range | $16.42 |
| 50d mov avg | $796.38 |
| 100d mov avg | $741.28 |
| 200d mov avg | $727.61 |
| Earnings date | October 26th, 2021 |