Equinix stock: buy or sell
Updated on:
Apr 16th, 2021
1
Equinix stock brief
- Equinix closed on Thursday at $718.85 after skyrocketing a 3.53%.
- The price is currently above the upper Bollinger band, which usually indicates a short-term correction
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?
When you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. Just as when we have to buy shares, determining when is the best time to sell is not a fickle decision, and we must adhere our own trading style. When selling, as well as buying, our strategies are very simple to use and are only applicable for selling shares in your porfolio, not for selling short Equinix stock
A guiding principle is that you should never hold a trade that generates higher than expected losses by the time of purchase. The timing to sell your stock must always be dictated 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 month, 3 brokerage ratings were published for Equinix. General sentiment is bullish, with 3 out of 3 publishing optimistic forecasts
| Brokerage firm | Rating |
|---|---|
| Mar 17th, 2021 | |
| Evercore ISI | Buy |
| Mar 18th, 2021 | |
| Mizuho | |
| Wolfe Research | Buy |
Equinix stock analysis
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 shows that the stock is currently having a very strong trend and therefore can correct the trend to the average. At this point, the price is over the upper band, and that should mean a near-term corrective movement (at least) until it is below the band
Relative strength index
The RSI crossed up the oversold line of 30 in early March after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI value on Thursday was 65.15. Equinix price skyrocketed a 20.83% since RSI left the oversold zone
Equinix stock price history
Equinix IPO was on Aug 11th, 2000 priced at $332.41 per share1. Since then, EQIX stock surged by 116.25%, with an average of 5.81% per year. If you had invested $1,000USD in Equinix stock on Aug 2000, it would be valued $2,162.54 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 tomorrow. 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 predictions follow the release of new financial information by the company, and many times. Again, these estimates are not direct recommendations for small traders and should not be followed blindly.
The average price target for Equinix stock calculated from the table below is $785.00. Equinix closed at $718.85 on Thursday, that is a 8.43% than the target price.
| Brokerage firm | Price target |
|---|---|
| Mar 17th, 2021 | |
| Evercore ISI | $820.00 |
| Mar 18th, 2021 | |
| Mizuho | $800.00 → $750.00 |
| Wolfe Research | Not available |
Earnings and financials
Last February, Equinix, Inc. (REIT) ($EQIX) posted EPS for that strongly improved Wall St. expectations. Quarterly EPS was $5.76 per share compared to the forecasted $1.53. This Q4 report means an earnings surprise of 276.47%. On the contrary, reported sales were $1.6 billion, in line with analysts' forecasts.
Same quarter last year, reported EPS was $1.46, so recently posted EPS is a gain of 294.52%. Looking at turnover, figures skyrocketed a 12.76% compared to $13.9B same quarter a year ago.Equinix ($EQIX) will host the quarterly earnings call early next May. Wall Street analysts predict of $1.71, that is a 70.31% lower than previous quarter.
Equinix performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Equinix ($EQIX) | 7.90% | 4.80% | -12.10% |
Important:
The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the individual positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative reasons onlyEquinix summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $698.25 |
| Close | $718.85 |
| Day range | $697.4 - $720.38 |
| Previous close | $694.31 |
| Session gain | 3.53% |
| Average true range | $15.74 |
| 50d mov avg | $675.29 |
| 100d mov avg | $689.41 |
| 200d mov avg | $723.48 |
| Earnings date | May 5th, 2021 |