IFF stock: buy or sell
Jun 22nd, 2021
IFF stock brief
- International Flavors & Fragrances stock went up 2.45% to close at $148.41 on the stock market on Monday.
- The stock is configuring an uptrend pattern since last January, when it bottomed at $103.35. Up to date, price marked a 43.60% profit since the beginning of this rally. On Monday International Flavors & Fragrances broke out above $147.04 giving an entry point
- On Monday broke out above its latest top at $147.04
Should I buy International Flavors & Fragrances stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 $IFF stock a buy?
Currently, International Flavors & Fragrances stock matches one trading strategy:
Uptrend buy setup
International Flavors & Fragrances stock is in an uptrend since last January that so far marked a gorgeous 44.00% gain. Price marked a pull back in this uptrend at $135.27 in mid-May, and since then it bounced up a 9.71%. Price just broke out above the entry point at $147.04, but it can be traded. If price climbs above $154.39, you should not chase the price and wait for another opportunity. If you decide to enter this trade, the suggested stop loss is at $132.34
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$147.04||$132.34||10.00%|
Should I sell International Flavors & Fragrances stock?
When is it time to sell International Flavors & Fragrances?. Much like when we have to buy shares, determining when is the best time to sell is not a capricious decision, and we must use our own trading style. When selling, as well as buying, our setups are very simple to follow and are only valid for selling stocks you already own, not for selling short International Flavors & Fragrances stock
As a rule of thumb, you must never hold an open trade that produces greater losses than those expected at the time of purchase. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell International Flavors & Fragrances stock?
Currently, International Flavors & Fragrances stock doesn't match any of our preferred sell setups, so if you own International Flavors & Fragrances stock and your operation is in profit probably is not time to sell now
International Flavors & Fragrances ratings
In the last 30 days we couldn't find any rating for International Flavors & Fragrances
International Flavors & Fragrances stock analysis
Since last January, International Flavors & Fragrances has been drawing an uptrend that by now marked a gorgeous 43.60%. During this uptrend, the price gave some entry points on the breakouts. Latest low was in mid-May, when price bounced at $135.27. On Monday, International Flavors & Fragrances broke out above its last top ($147.04) offering a good buying opportunity
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current support levels are:
The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
The has been between the levels of 70 and 30 for some weeks, and therefore, without this indicator really serving to help us make any decisions.
International Flavors & Fragrances stock price history
International Flavors & Fragrances went public on Dec 17th, 1974 at $0.00 per share1. Since then, IFF stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for International Flavors & Fragrances stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
The following table shows the price target published by brokerage institutions over the last 30 days. Again, these targets are not direct recommendations for small traders and should not be followed blindly.
We don't have any target price published in the previous 4 weeks for International Flavors & Fragrances.
Earnings and financials
In mid-May, International Flavors & Fragrances Inc. ($IFF) reported adjusted EPS for that slightly surpassed Wall St. expectations. Quarterly EPS was $1.60 per share vs the estimates of $1.53. This quarterly report represents an earnings surprise of 4.58%. On the contrary, the company said revenue for Q1 was $2.5 billion in line with the market estimates.Same quarter last year, reported EPS was $1.62, so current EPS means a decrease of -1.23%. Looking at turnover, figures skyrocketed a 82.96% compared to $13.5B same quarter last year.
IFF ($IFF) is releasing financial report next August. Market predicts of $1.49, compared to Q1 that was $1.60.
International Flavors & Fragrances performance
|International Flavors & Fragrances ($IFF)||5.90%||9.10%||32.60%|
Please read:The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not know the specific conditions of the reader, his or her finances 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 published for education motives only
|Monday, June 21st, 2021|
|Day range||$145.66 - $148.6|
|Average true range||$2.64|
|50d mov avg||$143.17|
|100d mov avg||$138.66|
|200d mov avg||$125.96|
|Earnings date||August 9th, 2021|