Maxar Technologies Inc. (MAXR)

MAXR stock forecast: buy or sell

MAXR stock outlook

  • Maxar Technologies closed on Friday at $24.74 (-1.12%) prior to reporting financial results at
  • The price is currently above the upper Bollinger band, which often indicates a near-term correction
  • On Wednesday, Maxar Technologies released its Q2 earnings report
  • National Bank Financial, Raymond James, Royal Bank of Canada and TD Securities published neutral ratings for Maxar Technologies on Thursday, with an average target of $24.25
  • On Tuesday broke out above its latest top at $19.77
  • The stock is configuring an uptrend pattern since mid-May, when it bottomed at $8.64. This rally marked a 186.34% gain. On Tuesday Maxar Technologies broke out above $19.77 giving an entry point
  • Maxar Technologies Inc. provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally.
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Disclaimer:
The thoughts written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the specific positions 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 Opinions are published for general educational reasons only

MAXR stock chart overview

Should I buy Maxar Technologies 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 MAXR stock a buy?

In the current situation of Maxar Technologies there is not any eligible buy setup. This doesn't mean MAXR will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Maxar Technologies stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our personal moods or the noise surrounding the market. Our trading system selects very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for selling short MAXR stock

A golden rule is that you should never hold an open trade that shows a 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 Maxar Technologies stock?

Currently, Maxar Technologies stock doesn't match any of our preferred sell setups, so if you own Maxar Technologies shares and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Maxar Technologies stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, 5 ratings were published for Maxar Technologies

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Maxar Technologies ratings

Brokerage firmRating
Jul 30th, 2020
Royal Bank of Canada Strong buy
Aug 6th, 2020
National Bank Financial
Aug 6th, 2020
Raymond James
Aug 6th, 2020
Royal Bank of Canada Buy
Aug 6th, 2020
TD Securities

Technical analysis

Maxar Technologies shares started an uptrend in mid-May, and grew a gorgeous 186.34%. The price shows higher peaks and higher lows, and along the way provided some buy points for those who wanted to enter. Latest low was on July 14, when price bounced at $14.95. Maxar Technologies broke out above $19.77 (its last top) on Tuesday. That breakout was a good entry point that resulted in a 25.14% gain

SMAs overview

Moving averages are simple tools for traders to detect market direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Traders use supports and resistances to find price points in the stock price action that tend to act as obstacles, containing the price of shares to move in certain direction. Supports are levels where the price tends to stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it will probably continue falling until finding another support level. On the other hand, a resistance level is where the price tends to find a curb as it moves up. Likewise, this means that the price is more likely to "rebound" at this level, and if it finally crosses this level, it will climb easily until it finds the next resistance

The current resistances are:

  • R1: $36.42 (47.21% above)
  • The current supports are:

  • S1: $21.42 (-13.42% below)
  • S2: $19.90 (-19.56% below)
  • S3: $19.77 (-20.09% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. Fundamentally, the Bollinger Bands are lines that move around a centralmoving average and vary the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Price levels both above or below the Bollinger Bands mean that the price has has trended strongly to extreme upward or downward values. For this case, the price is beyond the upper band, which should mean a short-term adjustment (at least) until it is below the band

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that gauges price fluctuations to reveal when the price of a share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by investors

    Relative Strength Indicator (RSI) climbed above the overbought line Friday, marking a value of 80.79. Breaking through above the overvalued zone is not a bearish signal, as stocks can be in the overvalued zone for many, many weeks and may continue to gain

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    Earnings and financials

    Maxar Technologies Inc. (MAXR) reported adjusted EPS for the fiscal 2nd-quarter that met Wall St. expectations. Quarterly EPS was $0.00 per share from an estimated $0.00. Reported sales were $439.0 million, in line with analysts' estimates as well.

    By comparison, the EPS for the same quarter last year was $-0.35, so posted EPS means a gain of 100%. Looking at revenue, figures collapsed a -12.9% compared to $504.0M year over year.

    MAXR is posting quarterly financial report. Financial reporting day has an additional risk for investors as the results provided can gap up or down the price with very low volume and not honouring your buy or stop-loss orders. Have a look company's website to confirm time and details about the earnings call and the earnings report.

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