Farfetch stock: buy or sell

FTCH stock price: $46.83 2.92% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

Farfetch stock brief

  • Farfetch stock exploded 2.92% to close at $46.83 on the stock market on Wednesday, breaking a streak of 4 sessions in negative.
  • From the chart point view, price is drawing an scaled downtrend since last February with lower tops and lower bottoms. this downtrend marked a -36.60% loss.
  • Farfetch Limited, through its subsidiary, Farfetch.com Limited, provides an online marketplace for luxury fashion goods in the United States, the United Kingdom, and internationally.

Should I buy Farfetch 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 $FTCH stock a buy?

Currently, Farfetch stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $FTCH will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Farfetch stock?

How to know when is it time to sell Farfetch stock?. Trading strategies let us to avoid impulsive decisions based on our personal feelings or the buzz surrounding the market. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies should not be used for shorting Farfetch stock

As a golden rule, you should not hold an open trade that yields higher than expected losses at the time of the buy. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Farfetch stock?

In the current situation of Farfetch there is not any eligible sell setup, so Farfetch stock holders with operations in green can keep their positions

Farfetch ratings

We don't have any rating posted in the last month for Farfetch

Farfetch stock analysis

Farfetch accumulates a price drop of -36.60% since its latest top last February at $73.87. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.

SMAs overview

FTCH stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $51.36 (9.67% above)
  • R2: $53.52 (14.29% above)
  • R3: $62.48 (33.42% above)
  • The current supports are:

  • S1: $41.25 (-11.92% below)
  • S2: $31.88 (-31.92% below)
  • S3: $22.41 (-52.15% below)
  • Bollinger bands

    Since the price broke down the lower band on Tuesday, the price rebounded by 5.78%. The price is trading near to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a bullish indicator, as price can move in these levels for many days and weeks

    FTCH stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold line of 30 in late March after just being in the oversold zone for 1 day (what can be considered a strength signal). The RSI reading on Wednesday was 36.67

    FTCH stock RSI chart

    Farfetch stock price history

    Farfetch went public priced at an adjusted price1 of $27.00 on Sep 2018. Since then, FTCH stock has risen by 73.44%, with an average of 36.72% per year. An investment of $1,000USD on Sep 2018 would be valued $1,734.44 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    FTCH stock price history chart

    Price target for Farfetch stock

    Nobody knows how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price predictions released by financial institutions over the last 30 days. If you are a small investor you must not invest based on these predictions.

    We don't have any target price posted in the last month for Farfetch.

    Earnings and financials

    Farfetch Limited ($FTCH) posted quarterly earnings of $-0.06 per share last February, significantly uplifting the analysts consensus estimate of $-0.34 per share. This Q4 report represents an earnings surprise of 82.35%. Revenue resulted of $540.1 million compared to $518.1 million estimated by analysts.

    Compared to the same quarter last year, EPS was $-0.34, so posted EPS means a improvement of 82.35%. Looking at turnover, figures skyrocketed a 41.30% compared to $3.8B year over year.

    Farfetch ($FTCH) will host the Q1 earnings call mid next May. Analysts expect of $-0.42, that is a 600.00% less than previous quarter.

    Farfetch performance

    FTCH performance compared
    Company1m3m6m
    Farfetch ($FTCH) -23.10% -25.10% 70.60%

    Important note:
    The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the specific scenarios 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 provided for general educational motives only

    Farfetch summary

    Wednesday, April 21st, 2021
    Open$45.2
    Close$46.83
    Day range$43.86 - $46.86
    Previous close$45.5
    Session gain2.92%
    Average true range$3.23
    50d mov avg$58.09
    100d mov avg$59.45
    200d mov avg$43.97
    Earnings dateMay 13th, 2021

    Frequently asked questions

    What is Farfetch stock symbol?

    Farfetch Limited is a public company trading in the US stock market with the FTCH symbol

    Is Farfetch stock a buy or sell?

    Farfetch had no ratings in the last 30 days Read the article to get additional tips on trading FTCH stock.

    Will FTCH go up?

    There were no forecasts posted by analysts in the last month for Farfetch.