Infosys stock: buy or sell
Updated on:
Jan 27th, 2021
2
Infosys stock brief
- Infosys Limited stock barely changed -0.39% to close at $17.85 on the stock market today, after 4 consecutive sessions in red.
- The stock is configuring an uptrend pattern since September 2020, when it bottomed at $12.07. Up to date, price made a 47.89% gain since the beginning of this rally
- Infosys Limited made public its earnings report on January 13
- Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally.
Should I buy Infosys Limited 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 $INFY stock a buy?
Currently, Infosys Limited stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $INFY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Infosys Limited stock?
"To sell or not to sell", if you are holding Infosys Limited shares?. Trading strategies allow us to avoid rash decisions based on our personal feelings or the noise surrounding the market. When selling, as well as buying, detailed setups are very simple to use but are only applicable for selling shares you already own, not for selling short $INFY stock
A golden rule is that you should never keep an operation that produces higher than expected losses by the time of the buy. When to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Infosys Limited stock?
In the current situation of Infosys Limited there is not any eligible sell setup, so Infosys Limited stock holders with operations in profit can keep their positions
Infosys Limited ratings
In the last 30 days, just one brokerage rating was published for Infosys Limited
| Brokerage firm | Rating |
|---|---|
| Jan 14th, 2021 | |
| Investec | |
Infosys Limited stock analysis
Infosys Limited stock started an uptrend in September 2020, and gained an amazing 47.89%. The price shows higher peaks and troughs, and along the way gave very few buy points for those who wanted to trade in. Latest low was last October, when price bounced at $14.05. Currently, the price trades in a consolidation between its last top ($19.07) and its last bottom ($14.05)
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 on January 14 after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Tuesday was 57.33. Infosys Limited price dropped a 3.15% since RSI lost the overbought zone
Infosys Limited stock price history
Infosys Limited went public priced at an adjusted price1 of $0.36 on Mar 1999. Since then, INFY stock surged by 4,858.33%, with an average of 231.35% per year. If you had invested $1,000USD in Infosys Limited stock at that time, it would be valued $49,583.33 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Infosys Limited stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial data by the company, and many times. Again, these targets are not direct recommendations for small traders and must not be trusted blindly.
We don't have any target price published in the last 30 days for Infosys Limited.
| Brokerage firm | Price target |
|---|---|
| Jan 14th, 2021 | |
| Investec | Not available |
Earnings and financials
On January 13, Infosys Limited ($INFY) reported EPS for that surpassed Wall St. expectations. Quarterly EPS was $0.17 per share versus the estimated $0.15. This Q3 report represents an earnings surprise of 13.33%. Forecasted revenue for Q3 was $3.4 billion but Infosys Limited slightly surpassed by 4.02%, posting $3.5 billion.
This compares to Earnings of $0.15 per share same quarter last year, so current EPS is an increase of 13.33%. Sales rose a 8.42% on an annualized basis in the , from $32.4B to $35.2B last quarter.Infosys ($INFY) is releasing financial report next April.
Infosys Limited performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Infosys Limited ($INFY) | 7.00% | 18.80% | 41.60% |
Disclaimer:
The thoughts 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 circumstances of the reader, his or her own finances 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 published for learning motives onlyInfosys summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $17.92 |
| Close | $17.85 |
| Day range | $17.75 - $17.92 |
| Previous close | $17.92 |
| Session gain | -0.39% |
| Average true range | $0.51 |
| 50d mov avg | $16.45 |
| 100d mov avg | $15.26 |
| 200d mov avg | $12.74 |
| Earnings date | April 19th, 2021 |