Equinix stock: buy or sell

EQIX stock price: $735.24 1.67% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021


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

Equinix analysts' ratings - Last month
Brokerage firmRating
Jan 19th, 2021
Raymond James BuyNeutral

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

EQIX stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $749.67 (1.96% above)
  • R2: $799.15 (8.69% above)
  • R3: $800.20 (8.84% above)
  • The current supports are:

  • S1: $730.87 (-0.59% below)
  • S2: $726.82 (-1.15% below)
  • S3: $719.24 (-2.18% below)
  • 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

    EQIX stock Bollinger Bands chart

    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.

    EQIX stock RSI chart

    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

    EQIX stock price history chart

    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.

    Equinix stock price predictions
    Brokerage firmPrice 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

    EQIX performance compared
    Equinix ($EQIX) 3.90% -5.00% -2.90%

    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 only

    Equinix summary

    Tuesday, January 26th, 2021
    Day range$719.55 - $736
    Previous close$723.16
    Session gain1.67%
    Average true range$20.95
    50d mov avg$706.06
    100d mov avg$738.10
    200d mov avg$723.63
    Earnings dateFebruary 10th, 2021

    Frequently asked questions

    What is Equinix stock symbol?

    Equinix, Inc. (REIT) is a public company trading in the US stock market with the EQIX symbol

    Is Equinix stock a buy or sell?

    Equinix had one rating in the last four weeks Read the article to get additional tips on trading EQIX stock.

    Will EQIX go up?

    Equinix had different price predictions issued by market analysts in the last month setting the target price to $835.00. That is a 13.57% than the current price ($735.24).